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Zings Of The Day (ACV, JBLU, UL)
Monday, September 27, 2010 - 4:06pm | 222Unilever (NYSE: UL) announced it was buying Alberto-Culver (NYSE: ACV) for $37.50 per share. This is a 19% premium to Alberto-Culver's closing price on Friday. The deal is important because now some one will actually buy Alberto-Culver products, unlike the American consumer. JetBlue (NASDAQ: JBLU...
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M&A Activity Continues 09-27-2010
Monday, September 27, 2010 - 4:00pm | 801Cusick's Corner This has been a whippy session and the market is now off the lows of the day. Heading into the end of the month, September has had quite an impressive rally with the S&Ps up 9% so far in September. Watch for some potential profit taking, some money managers may be looking to...
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General Mills Declared Quarterly Dividend of $.28
Monday, September 27, 2010 - 1:31pm | 51The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $.28 per share, payable Nov. 1, 2010, to shareholders of record Oct. 11, 2010. General Mills (NYSE: GIS) and its predecessor firm have now paid dividends without reduction or interruption for 112...
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Late Market Roundup
Monday, September 27, 2010 - 1:20pm | 289Gold futures fluctuated today to settle at $1,298.70 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX), after hitting an intraday high of $1,301.30 an ounce. However, Silver kept its 30-year high as its December contract gained 0.2% to $21.45 an ounce. Analysts at...
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Unilever To Acquire ACV For $37.50 Per Share
Monday, September 27, 2010 - 9:50am | 196Unilever (NYSE: UN) (NYSE: UL) has planned to buy the remaining shares of Alberto Culver (NYSE: ACV) for $37.50 per share in cash. The purchase price of $37.50 represents a 33% premium to the ACV's 12-month, volume-weighted average share price. The boards of directors of both the companies have...
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McCormick Earnings Preview
Monday, September 27, 2010 - 9:46am | 126McCormick (NYSE: MKC) is expected to release Q3 earnings on September 30. While FX is a challenge and inputs are volatile, consumers favor McCormick products and Deutsche Bank believes Industrial customers are gearing up new product efforts. Thus we believe LT goals (4-6% sales, 9-11% EPS) can...
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Cal-Maine Foods Reports First Quarter 2011 Results
Monday, September 27, 2010 - 9:07am | 118Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced results for the first quarter of fiscal 2011 ended August 28, 2010. For the first quarter of fiscal 2011, net sales were $190.4 million, compared with net sales of $187.7 million for the first quarter of fiscal 2010. The Company reported net...
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Cal-Maine Foods Reports First Quarter 2011 Results
Monday, September 27, 2010 - 8:43am | 118Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced results for the first quarter of fiscal 2011 ended August 28, 2010. For the first quarter of fiscal 2011, net sales were $190.4 million, compared with net sales of $187.7 million for the first quarter of fiscal 2010. The Company reported net...
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Cal-Maine Swings To FQ1 Profit
Monday, September 27, 2010 - 7:13am | 219Cal-Maine Foods Inc (NASDAQ: CALM) swung to a profit in the fiscal first quarter. CALM reported its FQ1 profit at $4.8 million, or $0.20 per share, as compared to a loss of $3.8 million, or $0.16 per share, in the year-ago period. The company's revenue rose 1.5% y/y to $190.4 million. CALM said...
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Earnings Scheduled For September 27 (JBL, CALM, PAYX, FGP, THO, GBX, VLGEA)
Monday, September 27, 2010 - 5:31am | 166Jabil Circuit Inc (NYSE: JBL) is scheduled to earn $0.48 per share in the fiscal fourth-quarter. Cal-Maine Foods Inc (NASDAQ: CALM) is likely to report a FQ1 loss of $0.07 per share. Paychex Inc (NASDAQ: PAYX) may post its FQ1 profit of $0.34 per share. Ferrellgas Partners-LP (NYSE: FGP) is...
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Stocks To Watch For September 27 (CALM, JBL, PAYX, VLGEA, THO)
Monday, September 27, 2010 - 5:30am | 180Some of the stocks that may grab the investor focus today are: Wall Street expects Cal-Maine Foods Inc (NASDAQ: CALM) to report a FQ1 loss of $0.07 per share. CALM' shares gained 0.66% to $30.50 in after-hours trading. Analysts are expecting Jabil Circuit Inc (NYSE: JBL) to have earned $0.48 per...
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Unilever Gets Alberto Culver For $3.7 Billion
Monday, September 27, 2010 - 5:22am | 149Anglo-Dutch consumer products giant Unilever (NYSE: UN) said it has agreed to purchase Illinois-based Alberto Culver (NYSE: ACV) for $3.7 billion to bolster its lineup of personal care products. Alberto Culver makes brands such as Nexxus, St. Ives and Static Gard. Alberto-Culver is the world's...
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Unilever Close To Acquiring Alberto-Culver
Sunday, September 26, 2010 - 7:24pm | 91Anglo-Dutch consumer products giant Unilever Plc (NYSE: UN) is reportedly close to acquiring Alberto-Culver (NYSE: ACV), the consumer products company that is behind such popular brands as Noxzema, St. Ives and Static Gard. Illinois-based Alberto-Culver had a market value of $3.11 billion as of...
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Looking Back & Looking Ahead 09-24-2010
Friday, September 24, 2010 - 6:45pm | 835Cusick's Corner Trading has been volatile over the past few sessions, but the week ended on a positive note as investors reacted to better-than-expected economic data and the Fed announcement from earlier in the week. The latest Fed statement pledged that the Fed may utilize QE if necessary to...
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Data Good -- SPY Near Resistance 09-24-2010
Friday, September 24, 2010 - 3:15pm | 809Cusick's Corner Today's data was good; buyers have stepped and the bulls are in control. SPY's trading range today has been 113.65-114.89, once again trading near resistance of SPY 114. Monitor if the shorts garner any push this afternoon and start to challenge longs that went into the market for...