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Company News for December 23, 2009 - Corporate Summary
Wednesday, December 23, 2009 - 10:26am | 347• Micron Technology (NYSE:MU) posted fiscal first quarter earnings of 23 cents a share, up from estimates of 6 cents, on revenues of $1.74 billion, which beat consensus projections of $1.59 billion • Cintas (NASDAQ:CTAS) reported non-GAAP earnings fell 21% to 39 cents, four cents under projections...
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ConAgra Foods Inc (CAG) Reports A Strong Quarter
Tuesday, December 22, 2009 - 11:48am | 106ConAgra Foods Inc (NYSE: CAG) reported a strong quarter. However, the news received little respect from the market for its efforts. The adjusted EPS of $0.52 beat the expectations of analysts at Credit Suisse who had estimated EPS to be $0.46. Analysts feel that the underperformance of the stock...
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ConAgra Shares Rise 3.2% Backed By 45% Surge in EPS (CAG)
Monday, December 21, 2009 - 2:28pm | 95ConAgra Foods (NYSE: CAG) posted net profit of $239.7 million in the second quarter, up by 42% from last year and raised its full year earnings to $1.73 a share, better than analyst estimates of $1.70. This helped the shares surge to $22.88 in trading before the opening bell. ConAgra’s sales were...
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Top Consumer Goods Stocks in 2010 (CLX, SMG, PG, PMI, JNJ)
Monday, December 21, 2009 - 2:05pm | 432According to a report published in The Street, some of the key stocks that are set to see a surge in 2010 are: Clorox (NYSE: CLX): CLX’s products, including the company’s namesake bleach, salad dressing and cat litter, can be seen across retailers, from big ones like Wal-Mart to small mom-and-pop...
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Company News for December 21, 2009 - Corporate Summary
Monday, December 21, 2009 - 10:17am | 205• Pfizer (NYSE:PFE) purchased rights to Athersys' (NASDAQ:ATHX) stem-cell therapy for treatment of inflammatory bowel disease • Terex (NYSE:TEX) plans to sell its mining business for $1.3 billion in cash to Bucyrus International (NASDAQ:BUCY) • Sanofi-Aventis (NYSE:SNY) said it agreed to buy...
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Benzinga’s News Roundup (AIG, ATHX, NOK, INTC, SNY, WAG, CAG)
Monday, December 21, 2009 - 9:06am | 514American International Group, Inc. (NYSE: AIG) CEO Robert Benmosche, today said that AIG needs at least two years to repay the aid it received from the government. AIG is currently trading at $28.18, decreased by 0.04%. The 52-week trading range for AIG is $6.60 - $55.90. In the last trading...
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ConAgra Q2 Beats Estimates, Lifts 2010 Guidance
Monday, December 21, 2009 - 9:00am | 120Conagra Foods, Inc. (NYSE: CAG) is very active in the pre-market session after CAG reported a better than expected Q2 earnings. During the quarter, Conagra Foods reporting earnings of 55 cents a share, compared to 38 cents, in a year-ago period. This is higher than the analyst estimate of 47 cents...
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Benzinga's Earnings Preview (CAG, WAG, JBL, OMN)
Monday, December 21, 2009 - 7:32am | 138Conagra Foods, Inc. (NYSE: CAG) is expected to report fiscal second-quarter earnings of 47 cents a share on revenue of $3.33 billion. Friday, CAG closed at $22.16. Walgreen Company (NYSE: WAG) is projected to report fiscal first-quarter earnings of 48 cents a share on $16.30 billion of revenues. In...
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General Mills (GIS) Maintains Strong Top-line
Friday, December 18, 2009 - 4:31pm | 115General Mills (NYSE: GIS) enjoyed a high-quality quarter with a significant marketing reinvestment which saw a 37% y-o-y increase in advertising and media expenses, and the absorption of restructuring expenses which were higher than expected. General Mills continues to enjoy high productivity and...
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BofA Merrill Lynch Plan Launch - Analyst Blog
Friday, December 18, 2009 - 3:19pm | 343Bank of America Merrill Lynch, the investment banking and wealth management division of the Bank of America (BAC), has recently announced the launch of a program which involves a group of 500 advisers for its institutional retirement planning aimed at luring more bank clients to advisory force...
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General Mills, Inc. (NYSE: GIS) Beats Estimates For The Third Time In A Row
Friday, December 18, 2009 - 9:15am | 217Bernstein Research maintains its Market Perform rating on General Mills, Inc. (NYSE: GIS) but raised GIS price target from $68 to $71. For General Mills, Bernstein analysts have raised FY10 EPS estimate from $4.56 to $4.64 and expects FY11 EPS to be $4.94 from $4.88 after GIS reported 2Q2010...
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General Mills Inc. Hikes View After Profit Jump (GIS)
Thursday, December 17, 2009 - 11:29am | 126Cereal maker General Mills Inc. (NYSE: GIS)(FREE stock trend analysis) revised its annual outlook after reporting its fiscal second-quarter results. The net income rose 49.5% to $565.5 million or $1.66 a share. The sales increased by 1.7% to $4.08 billion. Excluding the divestiture gain last year...
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Top 5 Large-Cap Stocks with Lowest Short Ratio (UL, BSBR, ABB, NJ, AXA)
Thursday, December 17, 2009 - 10:13am | 160Below are the top 5 large-cap stocks on the NYSE and the NASDAQ in terms of lowest short ratio. The short ratio for Unilever plc (NYSE: UL) is 0.1. UL’s market capitalization is $34.62 billion. UBS upgraded UL from “sell” to “neutral.” The short ratio for Banco Santander (Brasil) SA (NASDAQ: BSBR)...
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Company News for December 17, 2009 - Corporate Summary
Thursday, December 17, 2009 - 10:00am | 366• UBS (NYSE:UBS) began coverage of Bank of America (NYSE:BAC) with a "buy" rating after the company named Brian Moynihan as its new CEO • General Mills (NYSE:GIS) posted fiscal second quarter earnings of $1.54 a share, versus Zacks estimates of $1.45 a share on sales of $4.08 billion. Citing first...
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Stock Market News for December 17, 2009 - Market News
Thursday, December 17, 2009 - 9:59am | 398The US Federal Reserve’s extraordinary intervention in the credit markets that began almost two years ago is likely to continue – at least in the near future. Yesterday, at the end of the two-day meeting of the Federal Open Market Committee, the Fed repeated its commitment to keep interest rates “...