Packaged Foods & Meats

Zhongpin Inc. (Nasdaq: HOGS) today announced that its board of directors has approved an increase in the stock repurchase program of 30 million of its outstanding stock over the next 12 months. The stock repurchase program is authorized to be in effect through August 17, 2012.

This is your Benzinga news summary and traders' outlook for Thursday, August 18, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. Morgan Stanley lowered its global growth targets for both 2011...

Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 183 points to 11,198.00 and S&P 500 index futures fell 23.10 points to 1,166.80. Nasdaq 100 futures dropped 44.75 points to 2,130.50. A Peek...

J.M. Smucker Co (NYSE: SJM) reported an 8.4% rise in its net income for the fiscal first-quarter. Smucker's quarterly earnings rose to $111.5 million, or $0.98 per share, from $102.9 million, or $0.86 per share, in the year-ago period. Its adjusted profit came in at $1.12 per share. Its revenue...

US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 177 points to 11,204.00 and S&P 500 index futures fell 21.90 points to 1,168.00. Nasdaq 100 futures dropped 44.00 points to 2,131.25. US stocks closed mixed on...

Dollar Tree Inc (NASDAQ: DLTR) is projected to report its Q2 EPS at $0.75 on revenue of $1.55 billion. Sears Holdings Corporation (NASDAQ: SHLD) is estimated to post a Q2 loss at $0.46 per share on revenue of $10.13 billion. Gap Inc (The) (NYSE: GPS) is projected to report its Q2 EPS at $0.33 on...

Shares of Chiquita Brands International (NYSE: CQB) are lower on the session by 0.10%, currently trading at $9.97. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago...

Shares of Unilever (NYSE: UN) are higher on the session by 2.32%, currently trading at $33.99. The stock has been moving largely higher over the past few days and is currently trading above the 50-day and 200-day moving averages. Options traders are focusing on calls today. A short while ago the...

On Wednesday, The GeoTeam published a report on Zhongpin (NASDAQ: HOGS), a reverse-merger Chinese pork company. In the report, GeoTeam alleges that the company has overstated its income and has deceptive financial filings. GeoTeam writes, "Over 6 years HOGS' revenue has increased 20 fold (2,000...

Staples Inc (NASDAQ: SPLS) reported a 36% rise in its fiscal second-quarter profit. Staples' quarterly profit surged to $176.4 million, or $0.25 per share, from $129.8 million, or $0.18 per share, in the year-ago period. Its sales climbed 5.2% to $5.82 billion. Excluding a $21 million tax refund,...

Bank of America Merrill Lynch is out with a research report on Sara Lee Corporation (NYSE: SLE) and is upgrading shares to Buy with a $21 price target. In a note to clients, Bank of America Merrill Lynch writes, "SLE is making considerable progress towards its goal to split the company by the...

Dell Inc (NASDAQ: DELL) dipped 6.65% to $14.75 in the pre-market session. DELL lowered its full-year sales forecast. Flowers Foods Inc (NYSE: FLO) moved down 5.63% to $20.11 in the pre-market session. FLO reported a 16% decline in its second-quarter earnings and lowered its full-year earnings...

This is your Benzinga news summary and traders' outlook for Wednesday, August 17, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher. At last check, Dow futures are up about 40 points and the U.S...

Zhongpin Inc. (Nasdaq: HOGS) today announced that it repurchased 460,600 shares of its common stock since August 9, 2011 under the Company's stock repurchase program announced on July 6, 2011, using internally available cash.

Zhongpin Inc. (Nasdaq: HOGS) today announced that it repurchased 460,600 shares of its common stock since August 9, 2011 under the Company's stock repurchase program announced on July 6, 2011, using internally available cash. Mr. Xianfu Zhu, Chairman and Chief Executive Officer of Zhongpin Inc.,...