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Company News for March 24, 2010 - Corporate Summary
Wednesday, March 24, 2010 - 9:45am | 228• General Mills (NYSE:GIS) posted better than expected earnings on inline revenues. Fiscal third quarter earnings of 97 cents beat Zacks estimates by 4 cents versus 79 cents a year earlier, on inline revenues of $3.63 billion. The company said it sees full-year earnings of $4.57 to $4.59 per share...
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U.S. Equity Market Preview (ADBE, AKS, CNX, DRI, GIS)
Wednesday, March 24, 2010 - 9:26am | 310Shares of the following companies may see some unusual movements in trading on Wednesday, according to Bloomberg. Adobe Systems Incorporated (NASDAQ: ADBE), a diversified software company, raised forecast for its sales in second-quarter. Shares of Adobe were up 5.34% to $37.10 in pre-market trading...
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GIS Beats Expectations On Cost Cutting, Robust Sales Of New Products
Wednesday, March 24, 2010 - 8:47am | 168General Mills Inc (NYSE: GIS) exceeded analyst expectations on quarterly profits with the help of the sales of its recently introduced items, such as chocolate Cheerios cereal. Despite a 33% rise in advertising and media expenses, GIS still managed to exceed the estimates as it continued to cut...
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Book Profits In Kraft Foods Inc. (KFT)
Wednesday, March 24, 2010 - 8:42am | 114After successfully buying out Cadbury Plc some time back after a long wait, Kraft Foods Inc. (NYSE: KFT) is back on a roll. The Kraft Foods Inc. (KFT) closed on a trailing 52 week high of $30.78 on Tuesday, after soaring 3.53% in a single session. Kraft Foods Inc. (KFT) is likely to meet with some...
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Benzinga’s News Roundup (GIS, PUDA, HGSI, COP)
Wednesday, March 24, 2010 - 8:30am | 337General Mills, Inc. (NYSE: GIS) reported today a third-quarter net income of $332.5 million, or $0.96 per share, as compared to $288.9 million, or $0.85 per share, in the year-ago period. Sales increased 3% to $3.63 billion for the quarter. Analysts had expected GIS to report earnings of $0.94 per...
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General Mills (GIS) Beats Wall Street Estimates
Wednesday, March 24, 2010 - 7:49am | 94Food manufacturer General Mills, Inc. (NYSE: GIS) beat Wall Street estimates when it released its latest earnings report. General Mills reported early Tuesday that its fiscal year 3rd quarter net income climbed 15% to $332.5 million, or 96 cents per share, up from $288.9 million, or 85 cents per...
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ConAgra Foods, Inc. (CAG) Maintains Market Perform Rating And $26 Price Target
Tuesday, March 23, 2010 - 12:36pm | 113Analysts at Bernstein Research have released an update on ConAgra Foods, Inc. (NYSE: CAG). The company will announce its third-quarter results on March 25. Analysts believe that ConAgra’s sales in the third-quarter will be light due to slow organic sales growth in the Consumer Segment and...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...
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Is the EUR/USD on its Way Towards a New Low?
Monday, March 22, 2010 - 2:44am | 1857Is the EUR/USD on its Way Towards a New Low? After two weeks in which the Euro saw a bullish correction against the Dollar, the EUR/USD pair seems on its way downwards. The pair is currently trading around the 1.3515 level, and a drop of 100 pips will mark a year low. Will it take place later on in...
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Is the EUR/USD on its Way Towards a New Low?
Monday, March 22, 2010 - 2:44am | 1857Is the EUR/USD on its Way Towards a New Low? After two weeks in which the Euro saw a bullish correction against the Dollar, the EUR/USD pair seems on its way downwards. The pair is currently trading around the 1.3515 level, and a drop of 100 pips will mark a year low. Will it take place later on in...
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Jim Cramer's Lightning Round Picks (APD, WEN, MCD, TSRA, VSI, VITC, PTV, IP, STXS, ABT, NMM, ATPG, GMCR)
Friday, March 19, 2010 - 9:04pm | 526CNBC Mad Money's Jim Cramer said in the segment of his show called Lightning Round that he likes Air Products & Chemicals, Inc. (NYSE: APD), but the stock has moved up too much and should be sold. Air Products & Chemicals (APD) dropped 0.43% today. Cramer likes Wendy's Arby's Group Inc. (...
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Ex-Cadbury Executive To Head Kraft’s Confectionery Unit (KFT)
Friday, March 19, 2010 - 5:11pm | 125Kraft Foods Inc. (NYSE: KFT) has named Jim Chambers as the new head of its confectionery and gum businesses in North America. Jim Chambers was formerly with Cadbury. Kraft (KFT) recently acquired Cadbury. Chambers will have the designation of President of the confectionery unit. He will oversee...
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Benzinga’s Volume Movers (CTEL, IPSU, HANS, TEVA, TRMB)
Friday, March 19, 2010 - 1:56pm | 252City Telecom Limited (NASDAQ: CTEL) shares climbed 14.60% to $14.21. The volume of CTEL shares traded was 1,688% higher than normal. CTEL celebrated 10 years of being listed on the NASDAQ. Read more about this company here. Imperial Sugar Company (NASDAQ: IPSU) shares jumped 6.78% to $16.23. The...
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Dr Pepper (DPS) Pouring Out Sweet Returns For Investors; Barron’s
Friday, March 19, 2010 - 11:16am | 186Barron’s reports that Dr Pepper Snapple Group Inc. (NYSE: DPS) has become a favorite of investors. Shares of Dr Pepper, a manufacturer and distributor of non-alcoholic beverages in the U.S., Canada and Mexico, have climbed 150% in the last one year. Even after this tremendous run, the stock has...