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Stock Market & Financial Investment News

News Breaks
March 14, 2014
06:59 EDTGISGeneral Mills sees Q3 adjusted EPS 61c-62c, consensus 68c
General Mills said its sales and operating profit for Q3 ended February 23, will reflect approximately 1% lower volume, consistent with recent food industry trends in developed markets, as well as negative foreign currency translation effects. In addition, results for the quarter include incremental consumer marketing and merchandising investment in the company's U.S. yogurt business, where response to-date has been encouraging. Third-quarter operating profit for the company's U.S. Retail segment is expected to be 10%-11% below strong year-ago results that grew 13%. Total segment operating profit is also expected to be below last year's strong third-quarter level.
News For GIS From The Last 14 Days
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March 25, 2015
10:43 EDTGISFood makers advance after Kraft, Heinz announce merger
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March 18, 2015
09:24 EDTGISGeneral Mills says continually reviews portfolio
09:11 EDTGISGeneral Mills says believes in long-term growth model outlined at CAGNY
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09:04 EDTGISGeneral Mills says roughly 95% covered on commodity needs for FY
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08:40 EDTGISGeneral Mills says to cut 800 jobs primarily in the U.S.
The company said earlier that "During Q2, we approved Project Catalyst, a restructuring plan to increase organizational effectiveness and reduce overhead expense. In connection with this project, we expect to eliminate approximately 800 positions primarily in the United States. We expect to incur approximately $146M of net expenses relating to these actions of which approximately $127M will be cash. We expect these actions to be largely completed by the end of fiscal 2015."
08:21 EDTGISGeneral Mills sees double digit adjusted EPS growth in Q4
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07:01 EDTGISGeneral Mills backs FY15 EPS view of growth at low-single-digit rate from $2.82
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06:58 EDTGISGeneral Mills reports Q3 adjusted EPS 70c, consensus 67c
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March 17, 2015
15:25 EDTGISGeneral Mills technical notes before results
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15:18 EDTGISNotable companies reporting before tomorrow's open
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14:57 EDTGISGeneral Mills March volatility elevated into Q4 and outlook
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March 13, 2015
06:28 EDTGISGeneral Mills volatility elevated into Q4 and outlook
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March 12, 2015
09:54 EDTGISPinnacle Foods should buy Green Giant vegetable business, says Credit Suisse
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07:59 EDTGISGeneral Mills could be looking at buying WhiteWave Foods, says Bernstein
After Reuters reported that General Mills (GIS) is looking to sell its Green Giant frozen and canned vegetable business, Bernstein suggests that the company could be considering buying WhiteWave Foods (WWAV). The firm says that cost synergies could make the deal slightly accretive for General Mills. It keeps a Market Perform rating on General Mills.

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