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Stock Market & Financial Investment News

News Breaks
July 7, 2014
09:58 EDTGISGeneral Mills July volatility elevated into investor day
General Mills July call option implied volatility is at 17, August is at 13, October is at 14, January is at 13; compared to its 26-week average of 15 according to Track Data, suggesting large near term price movement into a company hosted investor day on July 8.
News For GIS From The Last 14 Days
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July 21, 2015
10:01 EDTGISOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
06:46 EDTGISGeneral Mills upgraded to Outperform from Sector Perform at RBC Capital
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06:45 EDTGISBonduelle in talks for bid to buy Green Giant, Reuters reports
Bonduelle is in talks to team with Centerview Partners in a bid to purchase General Mills' Green Giant frozen and canned vegetables unit, Reuters reports, citing people familiar with the matter. Reference Link
July 20, 2015
13:18 EDTGISOptions with increasing call volume
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12:32 EDTGISGeneral Mills calls active on unconfirmed takeover speculation
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11:36 EDTGISRumor: General Mills goes positive on unconfirmed takeover speculation
July 16, 2015
09:07 EDTGISGeneral Mills says to close West Chicago, Joplin plants
General Mills said in a regulatory filing that it previously announced Project Century, a review of its North American manufacturing and distribution network to streamline operations and identify potential capacity reductions. The company says, "As part of this project, in 1Q16, we notified the union member employees and union representatives at our West Chicago, Illinois facility of our tentative decision, pending negotiations and consultation with the union, to close this plant to eliminate excess cereal and dry dinner capacity in our U.S. Retail supply chain. If implemented, this action could affect approximately 500 positions. We expect to incur charges of approximately $70M in FY16, including approximately $44M of severance expense and $26M of additional expense, primarily fixed asset write-offs. We expect this action to be completed by the end of FY19 with a total cost of approximately $120M, of which approximately $52M will be cash.Also as part of Project Century, we notified the employees at our snacks manufacturing facility in Joplin, Missouri of our decision to close this plant in our U.S. Retail supply chain. This action will affect approximately 120 positions. We expect to incur charges of approximately $11M in FY16, including approximately $2M of severance expense and $9M of additional expense, primarily fixed asset write-offs. We expect this action to be completed by the end of FY18 with a total cost of approximately $12M, of which approximately $5M will be cash.

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