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Stock Market & Financial Investment News

News Breaks
February 14, 2013
07:26 EDTGIS, PGGeneral 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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July 1, 2015
08:45 EDTGISGeneral Mills expects Q1 to show strongest quarter in FY16
08:38 EDTGISGeneral Mills sees FY16 media expense to be down slightly
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07:25 EDTPGConsumer goods makers challenged by surging freight costs, WSJ reports
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07:10 EDTGISGeneral Mills sees FY16 adjusted EPS to grow at mid single digit range
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07:09 EDTGISGeneral Mills expect to expand Consumer First impact to generate growth
07:08 EDTGISGeneral Mills expects Project compass to generate $25M-$30M in savings in FY16
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07:07 EDTGISGeneral Mills reports Q4 US Retail sales up 5% to $2.5B
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07:05 EDTGISGeneral Mills reports Q4 adjusted EPS 75c, consensus 71c
Reports Q4 revenue $4.30B, consensus $4.53B
June 30, 2015
15:31 EDTPGProcter & Gamble announces change to laundry pacs to improve safety
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15:26 EDTGISNotable companies reporting before tomorrow's open
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14:52 EDTGISGeneral Mills technical notes before results
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June 26, 2015
06:33 EDTGISMcDonald’s says child customers drinking less soda, eating more fruit
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June 25, 2015
09:37 EDTGISGeneral Mills expects to eliminate 675-725 positions in restructuring plan
In a regulatory filing, General Mills disclosed that it plans to eliminate 675-725 positions. In the first quarter, General Mills approved Project Compass, a restructuring plan designed to enable our International segment to accelerate long-term growth through increased organizational effectiveness and reduced administrative expense. In connection with this initiative, the company expects to eliminate approximately 675 to 725 positions. The company will record total restructuring charges of approximately $57M-$62M pre-tax, primarily reflecting one-time employee termination benefits, of which approximately $54M-$57M will be recorded in the first quarter of fiscal 2016. The company expects approximately $54M-$59M of the total expense will result in future cash expenditures. These restructuring actions are expected to be completed by early fiscal 2017. The company expects that these actions will generate annual cost savings of approximately $45M-$50M, with approximately $25M-$30M of cost savings being realized in fiscal 2016.
07:55 EDTGISGeneral Mills volatility low into Q4 and outlook
General Mills July and August option implied volatility is at 15; compared to its 52-week range of 12 to 23, suggesting non-directional price movement into the expected release of Q4 release on July 1.
June 23, 2015
06:33 EDTPGOnline market for razors growing quickly, WSJ reports
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June 22, 2015
09:20 EDTGISGeneral Mills Cereals to remove artificial flavors and colors
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June 17, 2015
06:39 EDTPGCoty downgraded to Neutral from Buy at Citi
Citi downgraded Coty (COTY) to Neutral after shares rallied on a New York Post report saying the company is in talks to acquire Procter & Gamble's (PG) beauty business for $12B. Citi sees potential challenges with the deal and notes the stock is up 65% since its upgrade in January. The firm raised its price target for shares to $32 from $29.

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