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Sara Lee Shares Down After Takeover Bid Rejection (SLE)
Monday, December 20, 2010 - 10:30am | 126Shares of Sara Lee Corporation (NYSE: SLE) are down during pre-market trading, after a report by Bloomberg cited two unnamed sources close to the deal as saying that the company had turned down a takeover bid from Brazilian meat-processing company JBS SA. Sara Lee Corporation is said to have turned...
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Sarah Lee, JBS Talks Hit Snag (SLE)
Monday, December 20, 2010 - 10:02am | 137Shares of Sara Lee Corp (NYSE: SLE) are dropping precipitously in pre-market, losing more than 3% after a report from Bloomberg said that talks between it and JBS have hit a speed bump over the price of the company. JBS is Brazil's largest food producer and the world's largest beef producer, and...
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BB&T Reiterates Buy On Calavo Growers (CVGW)
Monday, December 20, 2010 - 9:50am | 193BB&T Capital Markets is reiterating its Buy rating and $27 price target on shares of Calavo Growers, Inc. (NASDAQ: CVGW). In a note sent to clients, BB&T writes, "Q4 avocado volumes have been extremely strong. We estimate that blended volumes likely increased 75%+ for the quarter, although...
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SPX Stuck with 1245 Resistance in Place 12-17-2010
Friday, December 17, 2010 - 6:54pm | 747Cusick's Corner The market stayed in this consolidative grind going into the After Hours. It was a fair and orderly Quad Witching, leaving us all with a lot of decisions to make over the weekend and into the holiday week. Right now the market is clearly stuck with overhead resistance in place, SPX...
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Homes for the Holidays - Earnings Preview
Friday, December 17, 2010 - 5:33pm | 3420Earnings Preview 12/17/10 The third quarter earnings season is over, and we will actually start to see a handful of fourth quarter reports this week, those with November fiscal ends. Next week only 32 firms will report, but 12 of those will be S&P 500 firms. We define any fiscal period ending...
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Sara Lee: Late-Day Rumors (SLE)
Friday, December 17, 2010 - 5:09pm | 45With a heavy amount of January $17.50 calls bought near the close and with rumors circulating about a possible sale or breakup, Sara Lee (NYSE: SLE) spiked sharply into the close to close 5.3% higher than yesterday's close at $17.26.
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Green Mountain Coffee Roasters Acquires Van Houtte for $905M
Friday, December 17, 2010 - 5:07pm | 69Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) today announced that it has successfully completed its acquisition of LJVH Holdings Inc. for an aggregate cash purchase price of CAD$915 million, or USD$905 million, subject to adjustment for final exchange rate and future adjustment based on Van...
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Puts Purchased on Dean Foods Company (DF)
Friday, December 17, 2010 - 2:44pm | 160Shares of Dean Foods Company (NYSE: DF) are higher on the session by 0.43%, currently trading at $8.12. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short...
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Pay Attention to the Price of Coffee
Friday, December 17, 2010 - 1:02pm | 826Low-quality coffee gets the boot 44% of supply - gone overnight How to invest The world's second most popular beverage (after water) is about to get a whole lot more expensive. I'm talking about coffee...
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General Mills Dropping Sharply (GIS)
Friday, December 17, 2010 - 12:34pm | 110General Mills (NYSE: GIS) is down again today, after the company reported weaker than expected earnings yesterday. At last check, shares were off 65 cents to $35.94, a drop of $35.94. General Mills said that it would be raising prices to fight rising commodity prices, which were the main cause of...
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General Mills Still An Opportunity For Investors, J.P. Morgan Reports
Friday, December 17, 2010 - 11:02am | 102J.P. Morgan said today that it is still bullish on shares of General Mills (NYSE: GIS). “While the market remains quite unenthusiastic about food stocks, we continue to view General Mills stock as an opportunity for investors with a 6- to 12-month horizon,” J.P. Morgan writes. “We are encouraged...
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An Overseas Trend You Can't Afford to Ignore
Friday, December 17, 2010 - 10:21am | 844China's economy is still on a roll. Maybe not at the breakneck speed of the past decade, but the economy is still growing at a comfortable 9-plus percent. The China Academy of Social Sciences most recent GDP forecast calls for 2010 economic expansion to finish...
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An Overseas Trend You Can't Afford to Ignore
Friday, December 17, 2010 - 10:21am | 844China's economy is still on a roll. Maybe not at the breakneck speed of the past decade, but the economy is still growing at a comfortable 9-plus percent. The China Academy of Social Sciences most recent GDP forecast calls for 2010 economic expansion to finish...
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Del Monte Foods Company Declares Dividend of $0.09
Friday, December 17, 2010 - 9:30am | 51Del Monte Foods Company (NYSE: DLM) today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on February 3, 2011 to stockholders of record as of the close of business on January 20, 2011.
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Homes for the Holidays - Earnings Preview
Friday, December 17, 2010 - 1:00am | 3420Earnings Preview 12/17/10 The third quarter earnings season is over, and we will actually start to see a handful of fourth quarter reports this week, those with November fiscal ends. Next week only 32 firms will report, but 12 of those will be S&P 500 firms. We define any fiscal period ending...