Packaged Foods & Meats

• AIG (NYSE:AIG) posted an $8.9 billion loss and said it could knock on the US government’s door to help meet its obligations • CKE Restaurants (NYSE:CKR) will be purchased by Thomas H Lee Partners for $928 million, or $11.05 per share • Interpublic Group (NYSE:IPG) reported inline sales and...

Analysts at Deutsche Bank reinstate coverage of Kraft Foods (NYSE: KFT) with a "hold" rating. The target price for KFT is set to $31. KFT’s shares closed at $28.81 yesterday. More Analyst Ratings here

Heinz (NYSE: HNZ) reported a 12.6% jump in Q3 sales to $2.68 billion. The company posted a Q3 profit of $231.1 million (72 cents per share), compared with $242.3 million (76 cents a share) in Q3 2008. Income from continuing operations rose to 83 cents per share from 76 cents per share. Heinz...

• HJ Heinz (NYSE:HNZ) beat Zacks estimates with fiscal third quarter results of 83 cents, ahead of Zacks estimates of 80 cents, on inline revenues of $2.68 billion • Newmont Mining (NYSE:NEM) sharply beat estimates with fourth quarter results of $1.13, well ahead of Zacks projections of 76 cents...

It was a Bernanke-based rally on the Wall Street Wednesday.  Comments from the Federal Reserve Chairman in his semi-annual testimony before Congress drew widespread applause from investors and helped stocks end a two-day losing streak. The Fed chairman noted the economy still needed “accommodative...

Human Genome Sciences, Inc. (HGSI) is expected to report fourth quarter as well as fiscal 2009 results shortly. We expect that the company will report a loss of 10 cents per share for the fourth quarter of 2009 and 4 cents for fiscal 2009. However, we believe that the earnings report is basically a...

Some of the companies that may come into the limelight today are those that are reporting their results. While Blackstone Group (NYSE: BX), Dr. Pepper Snapple (NYSE: DPS), Heinz (NYSE: HNZ) and Kohl's (NYSE: KSS) are declaring their results before the bell, Gap (NYSE: GPS), Live Nation (NYSE: LYV...

The Coca Cola Company (NYSE: K), the world’s biggest soda maker, is in talks to buyout bottler Coca Cola Enterprises, Inc.’s (NYSE: CCE) North American operations. The deal will be worth $15 billion, including debt. According to people close to situations, the deal could come through in the next...

J.M. Smucker (NYSE: SJM) posted a sharp increase in its quarterly profit. The increase is mainly due to higher margins and lower costs. Smucker (SJM) recorded a 2 percent increase in its revenue to reach $1.2 billion. It also reported a 4 percent increase in its total volume. Smucker’s gross profit...

Green Mountain Coffee Roasters (NASDAQ: GMCR) and J.M. Smucker (NYSE: SJM) have announced a multi-year deal under which GMCR will manufacture Smucker coffee brands including Foldgers and Millstone in single-serve K-Cup portions for Keurig Single Cup Brewers. Green Mountain will be the exclusive...

Among the notable names that have made new 52 week highs today on the New York Stock Exchange are the Home Depot (NYSE: HD) and TreeHouse Foods (NYSE: THS). Home Depot (HD) reported strong earnings yesterday and has gained 1.84% to $31.33. TreeHouse Foods (THS) has risen 1.06% today and is...

• Garmin (NASDAQ: GRMN) posted quarterly earnings of $1.43 per share, up from estimates of 95 cents, on revenues of $1.06 billion, ahead of $956 million projections. The company said it sees full-year earnings of $2.75 to $3.15 a share • Nicor Gas (NYSE:GAS) reported fourth quarter earnings of $1....

Some of the stocks that are likely to remain in focus today are: General Mills (NYSE: GIS) is set to report its results for the latest quarter after the markets close. GIS is expected to post its earnings at $0.93 per share. GIS gained 0.56% to $72.28 in after hours trading. Wall Street analysts...

The J.M. Smucker Company (NYSE: SJM) reported today a third-quarter net income of $135.5 million, or $1.14 per share, from $77.9 million, or $0.68 per share, for the same quarter last year. Sales climbed 2% to $1.2 billion for the quarter. Analysts expected SJM to report earnings of $1.04 per share...