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Bunge Purchases C.F. Sauer's Margarine Assets
Friday, August 12, 2011 - 4:15pm | 246Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it purchased the margarine assets of The C.F. Sauer Company which includes the margarine plant of its subsidiary, Dean Foods Company, in Sandston, Virginia and the margarine production and packaging...
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Top 10 Dividends In The S&P 500
Friday, August 12, 2011 - 1:20pm | 411We have gone through some rocky times in the past few weeks, with volatility almost reminiscent of 2008. Volatility tends to scare off investors. Dividend yields, especially higher dividend yielding stocks tend to offer some protection in downturns such as the one we are currently experiencing....
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Calls Purchased on Avon Products
Friday, August 12, 2011 - 11:22am | 108Shares of Avon Products (NYSE: AVP) are higher on the session by 1.62%, currently trading at $21.34. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago...
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Credit Suisse Assumes Coverage On AmBev At Outperform
Friday, August 12, 2011 - 8:39am | 21Credit Suisse has assumed coverage on AmBev (NYSE: ABV) with an Outperform rating.
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Natural Alternatives International, Inc. Announces Resolution of Patent Litigation Case and Renewal of Beta-Alanine Licensing Agreement With Compound Solutions, Inc.
Friday, August 12, 2011 - 8:31am | 206Natural Alternatives International, Inc. (NASDAQ: NAII) today announced that it reached a settlement with one of the defendants to litigation pending before the U.S. District Court for the District of Delaware, Vital Pharmaceutical, Inc. As part of the settlement, NAI granted VPX a limited and...
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Deutsche Bank Updates 8/12
Friday, August 12, 2011 - 7:44am | 360Deutsche Bank made a number of updates in a research report published today. Sara Lee (NYSE: SLE) had its rating reiterated at Buy. At the same time, its price target was reduced to $20 from $22. On Thursday, SLE lost 1.27% of its value to end the day at $17.09. SodaStream (NASDAQ: SODA) had its...
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Options Brief: SUPERVALU
Thursday, August 11, 2011 - 3:27pm | 85Shares of SUPERVALU (NYSE: SVU) are higher on the session by 10.09%, trading at $7.42. Overall call volume is now running at 3.89x the daily average, with 79% of all calls traded being purchases on the offer. 9,652 contracts have traded on the session so far. SUPERVALU Inc. is a United States...
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Earnings Preview: Wal-Mart Stores' EPS, Revenue Expected to Rise
Thursday, August 11, 2011 - 12:15pm | 573Wal-Mart Stores (NYSE: WMT) releases its next round of earnings this Tuesday, August 16, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter earnings report. Earnings and Revenue: Wall Street expects an EPS of $1.08/share and revenues of $108.26 billion...
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ADM Announces Appointment of Chief Risk Officer
Thursday, August 11, 2011 - 11:04am | 62Archer Daniels Midland Company (NYSE: ADM) today announced the appointment of Craig Huss to chief risk officer; Joe Taets to senior vice president and president, Agricultural Services; and Domingo Lastra to vice president, Business Growth. All three individuals will report to ADM Chief Operating...
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Options Brief: Bunge
Thursday, August 11, 2011 - 10:53am | 81Shares of Bunge (NYSE: BG) are higher on the session by 3.35%, trading at $60.86. Overall put volume is now running at 2.91x the daily average, with 33% of all puts traded being purchases on the offer. 4,683 contracts have traded on the session so far. Bunge Limited is a global agribusiness and...
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Morgan Stanley Upgrades Colgate To Overweight
Thursday, August 11, 2011 - 10:17am | 31According to Morgan Stanley, Colgate-Palmolive Company (NYSE: CL) has been upgraded from Equal-Weight to Overweight. PT is set at $92. Colgate closed yesterday at $80.18.
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Earnings Roundup
Thursday, August 11, 2011 - 9:10am | 1122Elizabeth Arden Inc (NASDAQ: RDEN) reported a strong rise in its fiscal fourth-quarter earnings. Elizabeth Arden reported its quarterly profit at $5.4 million, or $0.18 per share, up from $2.3 million, or $0.08 per share, in the year-ago period. Its sales surged 11% to $253.8 million. However,...
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Morgan Stanley Maintains Equal-Weight on AmBev
Thursday, August 11, 2011 - 8:59am | 125Morgan Stanley is out with its report today on AmBev (NYSE: ABV), maintaining Equal-weight. In its report, Morgan Stanley writes, "ABV's EBITDA in 2Q11 was in line with our estimate, as good pricing and tighter SG&A led to 110 bps of EBITDA margin expansion, despite weak volumes. Net income...
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Benzinga's Top Pre-Market Losers
Thursday, August 11, 2011 - 8:27am | 119Sara Lee Corp (NYSE: SLE) dipped 5.55% to $16.35 in the pre-market session. Sara Lee reported a decline in its Q4 profit. American International Group Inc (NYSE: AIG) moved down 4.07% to $21.24 in the pre-market session. AIG shares have dipped 41.49% over the past 52 weeks, while the S&P 500...
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UPDATE: Elizabeth Arden Reports Surge In FQ4 Earnings; Shares Up In Pre-Market
Thursday, August 11, 2011 - 8:14am | 94Elizabeth Arden Inc (NASDAQ: RDEN) reported a strong rise in its fiscal fourth-quarter earnings. Elizabeth Arden reported its quarterly profit at $5.4 million, or $0.18 per share, up from $2.3 million, or $0.08 per share, in the year-ago period. Its sales surged 11% to $253.8 million. However,...