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Stock Market & Financial Investment News

News Breaks
February 14, 2013
07:26 EDTPG, GISGeneral Mills, Procter & Gamble eye start ups, WSJ reports
General Mills (GIS) and Procter & Gamble (PG) are using their partnerships with a "crowdfunding" site to get to know more about consumer-packaged goods start ups, reports the Wall Street Journal. Each company recently teamed up with CircleUp Network Inc., a San Francisco firm that connects consumer-goods start ups to individual investors on the Web. CircleUp is providing trend reports to both about startups in 18 categories, including pet foods, beverages, snack foods and infant products. Reference Link
News For GIS;PG From The Last 14 Days
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April 23, 2015
16:49 EDTPGOn The Fly: Top stock stories for Thursday
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13:01 EDTPGOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday amid another deluge of earnings reports. Stocks began the session in negative territory and have remained there through the morning before crossing into positive ground right near noon. The averages gapped up after making it back to the green, putting the Nasdaq back above the all-time closing record it achieved in 2000. A question for the afternoon will be whether the average can hold on to set a new all-time closing high fifteen years later. ECONOMIC EVENTS: In the U.S., initial jobless claims inched up 1K to 295K in the week ended April 18, versus the expected 287K first-time claims. Markit's flash manufacturing PMI fell 1.5 points to 54.2 in April, versus expectations for it to hold steady at 55.7. New home sales dropped 11.4% to a 481K rate in March, versus expectations for a less severe 4.5% drop to a 515K rate. COMPANY NEWS: Shares of Time Warner Cable (TWC) slid about 1% after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, upgrading the stock this morning and saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal... Among members of the Dow that issued earnings reports this morning, Caterpillar (CAT) slid fractionally while 3M (MMM) and Procter & Gamble (PG) each fell about 2%. MAJOR MOVERS: Among the notable gainers was ARRIS (ARRS), which jumped 21% after the company agreed to acquire its competitor Pace for aggregate stock and cash consideration of $2.1B. Also higher following their earnings reports were Skechers (SKX), which rose nearly 13%, and Dunkin' Brands (DNKN), which gained 8.5%. Among the noteworthy losers was MobileIron (MOBL), which plunged 22% after the company warned of a Q1 revenue miss and announced the resignation of its CFO. Also lower following their earnings reports were Texas Instruments (TXN), which fell 7%, and General Motors (GM), which declined nearly 4%. INDEXES: Near midday, the Dow was up 81.31, or 0.45%, to 18,119.58, the Nasdaq was up 22.69, or 0.45%, to 5,057.86, and the S&P 500 was up 10.32, or 0.49%, to 2,118.28.
10:07 EDTPGProcter & Gamble sees FY15 capital spending 4%-5% of sales
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09:16 EDTPGBarclays believes Procter & Gamble could trade down today
Barclays said Procter & Gamble reported just 1% organic growth, a sequential deceleration and the slowest top-line growth in five years. The analyst believes investors will be frustrated by worsening fundamentals since the CEO transition and expects shares to trade sharply lower today.
09:16 EDTPGGoldman expects Procter & Gamble to trade lower
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08:56 EDTPGProcter & Gamble plans to reduce number, cut costs of ad agency accounts
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08:51 EDTPGP&G says will 'significantly' exceed cost savings goals set three years ago
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08:44 EDTPGProcter & Gamble says new company to consist of about 65 leading brands
Procter & Gamble says about 40 brands divested to date amid simplification plan of exiting about 100 brands. P&G sees having plans in place for remaining brands to be divested by as early as this summer and sees closing planned brand divestiture deals by roughly the end of fiscal 2016. Comments from P&G Q3 earnings conference call.
06:59 EDTPGProcter & Gamble backs FY15 core EPS to be down low single digits
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06:58 EDTPGProcter & Gamble took non-cash charge of $300M or 10c per share in Q3
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06:57 EDTPGProcter & Gamble to offset forex with pricing, mix enhancement, cost reduction
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06:56 EDTPGProcter & Gamble reports Q3 core EPS 92c, consensus 92c
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April 22, 2015
15:50 EDTPGNotable companies reporting before tomorrow's open
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15:12 EDTPGProcter & Gamble technical comments before earnings
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15:10 EDTPGEarnings Watch: Procter & Gamble to report Q3 results after forex warnings
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April 20, 2015
10:00 EDTGISOn The Fly: Analyst Upgrade Summary
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06:20 EDTGISGeneral Mills upgraded to Neutral from Sell at Goldman
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April 17, 2015
16:02 EDTPGProcter & Gamble raises quarterly dividend 3%
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April 15, 2015
16:39 EDTPGHenkel, Revlon, Coty line up bids for Procter & Gamble beauty unit, Reuters says
According to sources, Henkel & Co (HENKY), Revlon (REV) and Coty (COTY) are lining up bids for parts of Procter & Gamble's (PG) beauty business, Reuters reports. Reference Link
April 14, 2015
06:11 EDTPGProcter & Gamble CEO could step down as early as summer, WSJ reports
Procter & Gamble CEO A.G. Lafley and other senior executives have reportedly made comments in private meetings with Wall Street analysts and investors that Lafley could step down as early as this summer, The Wall Street Journal reports, citing sources who attended the meetings. Analysts believe Lafley could remain chairman for "another year or two" to help smooth a CEO transition. The company's next CEO, which is likely to be an internal candidate, is widely expected to be P&G executive David Taylor. Reference Link

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