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Del Monte Foods Company Declares Dividend of $0.09
Friday, September 24, 2010 - 8:30am | 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 November 4, 2010 to stockholders of record as of the close of business on October 21, 2010.
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Deutsche Bank Reaffirms Buy For FLO
Friday, September 24, 2010 - 7:38am | 91Deutsche Bank published an Analyst Day review for Flowers Foods, Inc. (NYSE: FLO) that reports favorably on FLO's progress, saying: "Despite questions that have plagued category top line dynamics for 18 months, we continue to believe Flowers is well positioned. With new products and markets, being...
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Lifeway Foods Acquires Assets of First Juice
Thursday, September 23, 2010 - 4:18pm | 72Lifeway Foods (Nasdaq: LWAY) today announced the acquisition of assets of New Jersey-based Fruit Juice, Inc., creator of the first organic fruit and vegetable juice beverages designed for children. Lifeway's acquisition of First Juice assets is expected to close October 4, 2010. The purchase...
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Campbell Announces Quarterly Dividend of $.275
Thursday, September 23, 2010 - 1:26pm | 50Campbell Soup Company (NYSE: CPB) today announced that the company's Board of Directors declared a regular quarterly dividend on its capital stock of $0.275 per share. The quarterly dividend is payable Nov. 1, 2010 to shareowners of record at the close of business on Oct. 12, 2010.
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Afternoon Market Update
Wednesday, September 22, 2010 - 1:13pm | 160Canadian stocks gained, driven by a rise in gold-mining stocks after gold prices reached another record high level above $1,290 an ounce. The S&P/TSX Composite Index rose 0.3% to 12,201.5. As per data by the Federal Housing Finance Agency (FHFA), US house prices dropped to the lowest level in...
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A Peek Into The Market Before The Trading Starts
Wednesday, September 22, 2010 - 8:52am | 469Pre-open movers US stock futures are signaling a lower start on Wall Street today, as investors find a safe haven in gold, after the Federal Reserve's warning of a slow economic recovery. Futures on the Dow Jones Industrial Average fell 37 points to 10,657 and S&P 500 futures dropped 0.70...
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General Mills Announces EPS Guidance of $2.46 to $2.48 (GIS)
Wednesday, September 22, 2010 - 8:45am | 73General Mills (NYSE: GIS) announced earlier today the guidance for Q2. The company reaffirmed its full-year fiscal 2011 EPS guidance of $2.46 to $2.48 per share, excluding any mark-to-market effects. This would represent growth of 7 to 8 percent from adjusted earnings per share of $2.30 in fiscal...
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General Mills Met Q1 Expectations; Adjusted EPS $.64 (GIS)
Wednesday, September 22, 2010 - 8:44am | 90General Mills (NYSE: GIS) said earlier today that results for the first quarter of fiscal 2011 met the company's expectations. Fiscal 2011 First Quarter Financial Summary --Net sales grew 1 percent to $3.53 billion. --Segment operating profit totaled $749 million, down 2 percent from very strong...
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Earnings Scheduled For September 22 (BBBY, GIS, RHT, KMX, CPRT, GNUMF, IHS, SCS)
Wednesday, September 22, 2010 - 6:21am | 173Bed Bath & Beyond (NASDAQ: BBBY) is expected to report its Q2 earnings of $0.63 per share. General Mills (NYSE: GIS) is likely to report its FQ1 EPS of $0.62. Red Hat (NYSE: RHT) may post its Q2 earnings of $0.18 per share. CarMax (NYSE: KMX) is estimated to post its Q2 profit of $0.40 per...
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ConAgra Underperforms - Analyst Blog
Wednesday, September 22, 2010 - 6:03am | 457North America's leading packaged food company, ConAgra Foods, Inc. (CAG), has reported results for the first quarter of fiscal 2011, which are slightly below expectations on account of increases in costs and expenses as well as a high domestic inflation rate. EPS (excluding a one-time expense) was...
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Stocks To Watch For September 22 (ADBE, GIS, CTAS, BBBY, DRI)
Wednesday, September 22, 2010 - 5:48am | 271Some of the stocks that may grab the investor focus today are: After yesterday's closing bell, Adobe Systems Inc (NASDAQ: ADBE) reported its Q3 profit at $230.1 million, or $0.44 per share, up from $136 million, or $0.26 per share, in the year-ago period. The company's adjusted income came in at $0...
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Earnings Preview: General Mills - Analyst Blog
Tuesday, September 21, 2010 - 7:03pm | 694General Mills Inc. (GIS) is scheduled to report its first-quarter 2011 financial results on Wednesday, September 22, 2010. The current Zacks Consensus Estimate for the quarter is 63 cents a share. Fourth Quarter and Fiscal 2010 Synopsis General Mills had reported disappointing fourth quarter...
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Carl Icahn Buys 59,502 Shares of HAIN
Tuesday, September 21, 2010 - 5:38pm | 56In a Form 4 filed after the bell today, Hain Celestial Group Inc. (NASDAQ: HAIN) Beneficial Owner, Carl Icahn, reported that he bought 59,502 shares of HAIN on September 17th-20th for an average price of $23.45. The transaction totaled $1,395,304. Mr. Icahn owns 6,300,721 indirect shares of HAIN....
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Waiting on the Fed 09-21-2010
Tuesday, September 21, 2010 - 3:05pm | 811Cusick's Corner While I am waiting for the Fed, there is one macroeconomic issue and one short-term technical level that I am watching into today's announcement. The macro issue is that China's key stock index .SSEC, has been completely divergent to any move in the S&Ps. If China continues to...
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Afternoon Market Update (HRB, GS, ETFC, HCN, CAG)
Tuesday, September 21, 2010 - 1:22pm | 190H&R Block Inc (NYSE: HRB) has appointed Jeff Brown as the company's Chief Financial Officer (CFO). Brown has been the interim CFO of the company for the last 5 months. Shares of H&R Block lost about 1.4%. US Financial stocks moved down, as investors awaited the decision on the monetary...