-
Kraft Foods Inc. (KFT) Gives Up Early Morning Gains
Wednesday, January 13, 2010 - 12:54pm | 132Kraft Foods Inc. (NYSE: KFT) gave up part of its early morning gains of over 2.6% after a gap-up opening on Wednesday, after Kraft Foods Inc. managed boosted the earnings guidance for full year of 2009 to $2, for the second time in past two months. Kraft Foods Inc. (KFT) had earlier put up an...
-
KFT Says It Does Not Need CBY To Deliver A Top-Tier Performance
Wednesday, January 13, 2010 - 8:04am | 121Kraft Foods Inc (NYSE: KFT) boosted its earnings projections for 2009 late Tuesday to a minimum of $2.00 per share, up from a previous forecast of "at least $1.97." KFT Chairman and Chief Executive Irene Rosenfeld said that the company will start delivering high-quality earnings as it completes its...
-
Cramer Says Time To Buy AA, Sell APOL, WNR and ACTI
Wednesday, January 13, 2010 - 7:35am | 354In his “Mad Money” show, Cramer said that the markets need a breather, which was provided by Obama's most recent plans to penalize financial institutions. Jim Cramer advocated buying Alcoa (NYSE: AA) and emphasized that the company’s cash flow numbers signaled a recovery in all sectors, ranging...
-
Ferrero Rules Out Joining Race For Cadbury
Wednesday, January 13, 2010 - 7:26am | 155Reuters quoted an unidentified source as saying that Italy's Ferrero has decided to not bid for Cadbury (NYSE: CBY). This decision has further strengthened the case for Kraft Foods (NYSE: KFT), which had placed a £10.5 billion ($17 billion) takeover bid for the British chocolatier. The source...
-
Stocks That Created New 52-Week Lows (BFSB, CVLY, GORX, MLP)
Tuesday, January 12, 2010 - 3:41pm | 172Brooklyn Federal Bancorp Inc (NASDAQ: BFSB) shares lost 1.55% to $8.91, creating a new 52-week low. BFSB operates as the holding company for Brooklyn Federal Savings Bank that provides various banking products and services in Brooklyn, Nassau and Suffolk, New York. Codorus Valley Bancorp Inc (...
-
Cadbury (CBY) Reports Robust 2009 Results
Tuesday, January 12, 2010 - 1:10pm | 240Cadbury Plc. (ADR) (NYSE: CBY), the British confectioner, posted a surge in 2009 profits as it continues to fight a hostile bid by Kraft Foods Inc. (NYSE: KFT). Cadbury has sent out documents to shareholders urging them to reject Kraft’s offer. Cadbury’s operating profit rose 27% to 808 million...
-
Top 5 Mid-Cap Stocks In The Consumer Goods Sector With The Highest ROE (PBI, CCK, HSY, TPX, AKO-A)
Tuesday, January 12, 2010 - 8:48am | 218Below are the top 5 mid-cap consumer goods stocks on the NASDAQ and the NYSE in terms of return on equity. The return on equity offered by Pitney Bowes Inc (NYSE: PBI) stands at 182.04. PBI’s market capitalization is $4.5 billion. Brean Murray upgraded PBI from “hold” to “buy.” The return on equity...
-
Cadbury Rejects Kraft Foods Bid (CBY, KFT, HSY)
Tuesday, January 12, 2010 - 8:38am | 127Kraft Foods Inc’s. (NYSE: KFT) bid for Cadbury PLC (ADR) (NYSE: CBY) was rejected after Cadbury posted a strong 2009 performance and forecasted further progress in 2010. Cadbury’s Chairman Roger Carr said that Kraft Foods’ offer was much more unattractive than its formal offer made earlier. The...
-
Green Mountain Coffee Roasters (GMCR) Extends Offer For Diedrich Coffee (DDRX)
Monday, January 11, 2010 - 2:25pm | 99Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) said that its unit Pebbles Acquisition Sub Inc. extended its cash tender offer for Diedrich Coffee Inc. (NASDAQ: DDRX) by 20 business days. The share price for Green Mountain Coffee Roasters was $81.85 whereas that of Diedrich Coffee was $34.92....
-
Ferrero SpA Considers Syndicated Loan For Cadbury Plc (CBY), Messaggero Says
Monday, January 11, 2010 - 1:15pm | 106Dow Jones reported that Italian chocolate maker Ferrero SpA is in talks with banks to line up a syndicated loan of about $4.5 billion for its possible joint bid with The Hershey Co. (NYSE: HSY)for Cadbury plc (NYSE: CBY), Italy's Il Messaggero newspaper reported, without citing its source....
-
Barron's Points Out Berkshire’s (BRK) Paradox
Monday, January 11, 2010 - 10:54am | 148Warren Buffett owned Berkshire Hathaway (NYSE: BRK) is the single largest shareholder of Kraft (NYSE: KFT). It owns 9% stake in Kraft. According to Barron's, Berkshire has voted against Kraft’s proposal to issue more equity shares. According to Buffett, Kraft's stock is already undervalued and...
-
Benzinga’s Top Pre- Market Losers (ASBC, MNKD, HOGS, AIXG, ARIA, ICXT)
Monday, January 11, 2010 - 9:52am | 296Associated Banc-Corp (NASDAQ: ASBC) decreased $0.75 or 6.08% to $11.59 after Associated Banc-Corp reported a fourth-quarter net loss of $180.6 million, or $1.41 per share, as against a net income of $13.6 million, or $0.11 a share, from the same quarter last year. The 52-week trading range for ASBC...
-
Ferrero Loses Interest In Cadbury (CBY)?
Friday, January 8, 2010 - 9:11am | 111Already seen as a long-shot bidder, Italian chocolate maker Ferrero's interest in Cadbury plc (ADR) (NYSE: CBY) has cooled as the hurdles of getting financing and finding suitable partners before the deadline becomes increasingly daunting, sources familiar with the situation said. With Ferrero...
-
Snapdragon Enters PC World - Analyst Blog
Thursday, January 7, 2010 - 3:15pm | 546Yesterday Qualcomm Inc. (QCOM) announced that it has entered into an agreement with Hewlett Packard Co. (HPQ), to design a smartbook based on Qualcomm’s Snapdragon platform. This smartbook will have Google Inc’s (GOOG) Android operating system. The device will use the Snapdragon QSD8250 chipset...
-
Market Round-up (JNS, IIVI, ZIGO, KFT, CBY, BRK.A, BA, AZN, TEVA)
Thursday, January 7, 2010 - 2:20pm | 316Janus Capital (NYSE: JNS) has hired Pimco Advisory head Richard Weil as its new CEO. JNS had been on the lookout for someone with an operational background after Gary Black resigned in mid 2009, following his failure to stop a decline in investor asset. Military/industrial component manufacturer II...