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Sara Lee CEO Steps Down - Analyst Blog
Monday, August 9, 2010 - 12:09pm | 677Sara Lee Corp. (SLE) announced today that its CEO Brenda C. Barnes will resign from the positions of Chairman and Chief Executive Officer. She was on a prolonged medical leave since May 14, 2010 following a stroke. Under Barnes’ leadership, Sara Lee undertook various business restructuring...
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Sara Lee CEO Resigns Because Of Health Issues (SLE)
Monday, August 9, 2010 - 10:29am | 195Sara Lee (NYSE: SLE) CEO Brenda Barnes is resigning due to health problems and the board of directors is looking internally and externallyto find her replacement writes the Wall Street Journal. Barnes, 56, had a stroke in May and is credited with turning around the consumer products company as it...
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A Peek Into The Market Before The Trading Starts
Monday, August 9, 2010 - 9:21am | 510Pre-open movers US stock futures moved up marginally today, after falling in the previous session. While futures on the Dow Jones Industrial Average gained 42 points to 10,655, those on the S&P 500 added 5.10 points to 1,125. Meanwhile, Nasdaq 100 futures advanced 7.50 points to 1,910. A Peek...
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US Stock Futures Move Up
Monday, August 9, 2010 - 8:23am | 261US stock futures moved up marginally today, after falling in the previous session. While futures on the Dow Jones Industrial Average gained 34 points to 10,647, those on the S&P 500 added 4.10 points to 1,123.60. Meanwhile, Nasdaq 100 futures advanced 6.50 points to 1,909. Today is a quiet day...
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Tyson Foods Q3 Results Handily Beats Target
Monday, August 9, 2010 - 7:59am | 56Tyson Foods (NYSE: TSN) reports its Q3 EPS at $0.65, beating the consensus of $0.58. TSN reports its Q3 revenue at $7.44 billion versus the estimates of $7.26 billion. TSN’s shares fell 0.12% to $17.12 in pre-market trading. Read more from Benzinga's Company news.
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American Dairy Enters Oversold Territory - Tale of the Tape
Monday, August 9, 2010 - 7:34am | 116American Dairy Inc.’s (ADY) share price has entered into oversold territory with a stochastic value of 19.04. Analysts have been increasing their estimates on the company’s earnings for 2010, sending the Zacks Consensus Estimate up a penny over the past month to $1.25 per share. American Dairy is a...
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Wall Street's Jobs Selloff Vanishes
Monday, August 9, 2010 - 7:04am | 343Wall Street closed in the red on Friday for the second session in a row, but the losses were muted as the bulls erased the bulk of a triple-digit decline that had been fanned by July's gloomy jobs report. Friday’s Markets The Dow Jones Industrial Average fell 21.42 points, or 0.20%, to 10653.56,...
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Cadbury Acquisition Sweetens Kraft - Analyst Blog
Friday, August 6, 2010 - 5:05pm | 499Kraft Foods Inc. (KFT) delivered second quarter results with earnings (excluding one-time items) of 60 cents per share, exceeding the Zacks Consensus Estimate of 52 cents by 15.4% and year-ago earnings of 53 cents by 13.2%. However, on a reported basis, earnings for the quarter plunged 5.4% to 53...
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Imperial Sugar Company Falls 10.74% (IPSU)
Friday, August 6, 2010 - 4:36pm | 261Shares of Imperial Sugar Company (Nasdaq: IPSU) ended the Friday trading session down 10.74% at $12.13 per share. The day's trading range for shares of Imperial Sugar Company was between $11.35 and $13.21 per share. Analysts covering the company's stock give it a consensus price target of $13.13...
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Jobs Report Disappoints 08-06-2010
Friday, August 6, 2010 - 3:12pm | 864Cusick’s Corner Market participants continue to worry – the latest jobs data was disappointing, the private sector added fewer jobs than expected. The Labor Department’s unemployment number actually came in at 9.5% which is the same as last month’s, but that’s because some discouraged job seekers...
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Peet's Exceeds Consensus Estimates - Analyst Blog
Friday, August 6, 2010 - 9:49am | 499Peet's Coffee & Tea Inc. (PEET) registered second-quarter earnings (excluding certain one-time items) of 31 cents a share, exceeding the Zacks Consensus Estimate of 29 cents by 6.9% and year-ago earnings of 26 cents by 19.2%. The better-than-expected results came in the wake of net sales growth...
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Benzinga’s Top Downgrades (UL, VIA, BCS, SWCEY)
Friday, August 6, 2010 - 6:46am | 142Unilever plc (NYSE: UL) was downgraded by UBS from "buy" to "neutral." UL’s shares closed at $27.91 yesterday. Unilever’s earnings may fall by 32.59% this year. Janney Montgomery Scott downgraded Viacom Inc (NYSE: VIA) from "buy" to "neutral." VIA’s shares closed at $38 yesterday. Viacom’s 52-week...
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UBS Downgrades UL To Neutral
Friday, August 6, 2010 - 6:23am | 40Analysts at UBS downgrade Unilever plc (NYSE: UL) from "buy" to "neutral." UL’s shares lost 4.84% to close at $27.91 yesterday. More Analyst Ratings here
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Stocks To Watch For August 6 (POM, AIG, KFT, CROX)
Friday, August 6, 2010 - 5:28am | 183Some of the stocks that may grab investor focus today are: Wall Street expects Pepco Holdings Inc (NYSE: POM) to post its Q2 profit at $0.23 per share. POM’s shares fell 0.02% to $17.23 in after-hours trading. Analysts are expecting American International Group Inc (NYSE: AIG) to have earned $0.98...
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Back-to-School Spending 08-05-2010
Thursday, August 5, 2010 - 6:31pm | 897Cusick's Corner Trading volume was light today. Many market participants were on the sidelines, waiting for Friday’s nonfarm payrolls report that comes out premarket at 8:30am ET. Most economists are predicting that the unemployment rate will rise to 9.6% from June’s 9.5%. (To access the...