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Stock Market & Financial Investment News

News Breaks
January 31, 2013
16:31 EDTHRL, UL, UNHormel Foods closes acquisition of U.S. Skippy peanut butter business
Hormel Foods (HRL) announced the closing of its acquisition of the United States based Skippy peanut butter business from Unilever (UN, UL). This closing includes the Little Rock, Ark., manufacturing facility and all sales worldwide, except sales in China. Hormel Foods expects to close the acquisition of the China based Skippy peanut butter business by the end of its FY13.
News For HRL;UN;UL From The Last 14 Days
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November 21, 2014
10:01 EDTHRLOn The Fly: Analyst Initiation Summary
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08:23 EDTHRLHormel Foods December volatility increases into Q4 and outlook
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07:26 EDTHRLHormel Foods initiated with a Hold at Deutsche Bank
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November 17, 2014
10:29 EDTHRLTyson advances after profit beats expectations
Shares of meat producer Tyson Foods (TSN) are climbing after the company reported higher than expected profits and roughly in-line revenue. The company also made optimistic comments about the outlook for its meat products. WHAT'S NEW: Tyson reported fourth quarter earnings per share, excluding some items, of 87c, versus analysts' consensus estimate of 76c. The company's Q4 revenue of $10.11B was roughly in-line with expectations. Tyson provided fiscal 2015 EPS guidance of $3.30-$3.40, versus the consensus outlook of $3.33. However, the meat producer's fiscal 2015 revenue guidance came in at $42B, compared with the consensus outlook of $42.51B. Tyson expects its chicken segment to generate a 7%-9% return on sales over the long-term, but a return on sales of more than 10% in fiscal 2015. Hillshire Brands, which was acquired by Tyson earlier this year, should generate revenue synergies of $4B in fiscal 2015, added Tyson. Meanwhile, demand for beef is "very strong," and pork margins should be good in 2015, the meat producer stated. PRICE ACTION: In late morning trading, Tyson gained 4% to $42.34. Other meat producers also advanced, with Sanderson Farms (SAFM) rising 0.5% to $84.17 and Hormel Foods (HRL) gaining 0.6% to $54.84.
November 11, 2014
06:04 EDTUL, UNUnilever files lawsuit against Hampton Creek, LA Times reports
Unilever has filed a lawsuit against Hampton Creek, alleging the vegan start-up is engaging in false advertising by calling its Just Mayo spread mayonnaise, the LA Times reports. Hampton Creek is planning to file a countersuit that is likely to focus on Unilever's sustainability practices. Unilever is seeking damages and compensation for lost profits. Reference Link
November 10, 2014
12:09 EDTHRLUSDA raises 2014 meat production forecast, lowers 2015
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10:14 EDTUNHigh option volume stocks
High option volume stocks: UN PAGP PHH RGLS DF URA CERS DNDN LGF CALL

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