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Del Monte: F2Q10 Likely Ahead Of Consensus
Wednesday, December 2, 2009 - 9:38am | 160Analysts at Morgan Stanley maintain their “Underweight” rating for Del Monte Foods Company (NYSE: DLM) ahead of F2Q10 earnings on December 3. The price target is set to $11. The firm said “While we believe F2Q10 is likely to come in ahead of consensus as a function of wrap-around pricing and input...
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What Does Dubai’s Financial Crisis Mean for Emerging Markets?
Monday, November 30, 2009 - 7:35pm | 1163It must be fun to spark a world financial panic and then go on a five-day vacation. By now everyone knows that on Wednesday of last week, right before the Muslim world shut down for the Eid-al-Adha festival, Dubai World, the flagship investment company owned by the Government of Dubai and/or Dubai’...
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Most Active Stock Options November 27, 2009 & Trading Activity
Friday, November 27, 2009 - 3:34pm | 494As of today the top ten most active stock option contracts traded were: Gold SPDR (GLD) December 118 Call Options Gold SPDR December 121 Call Options Volatility Index (VIX) January 22.50 Put Options S&P 500 SPDR (SPY) January 100 Put Options S&P 500 SPDR December 100 Put Options S&P...
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Hershey Contemplating Take-over of Cadbury (HSY, CBY, KFT)
Wednesday, November 25, 2009 - 10:10pm | 296The Hershey’s Company (NYSE: HSY), controlled by a charitable trust worth 6.2 billion, is contemplating a bid worth $17 billion for ownership of trouble chocolate maker Cadbury PLC (NYSE: CBY) . In doing so, it would be challenging Food conglomerate Kraft Foods Inc. (NYSE: KFT) in its takeover bid...
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Hershey (HSY) And Ferrero Want To Split Cadbury’s (CBY) Business
Wednesday, November 25, 2009 - 12:37pm | 182The Hershey Company(NYSE: HSY) and Ferrero want to split the Cadbury (NYSE: CBY) business, with Hershey eyeing the chocolate business and Ferrero the chewing gum bit. These two candy makers are reportedly in talks on the way they would like to slice up the Cadbury business between themselves in a...
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Human Genome Begins Trial - Analyst Blog
Wednesday, November 25, 2009 - 12:05pm | 487Recently, Human Genome Sciences, Inc. (HGSI) and Aegera Therapeutics announced the initiation of dosing in a phase I clinical trial to evaluate the safety and tolerability of its lead inhibitor-of-apoptosis protein (IAP), HGS1029, as monotherapy in patients with advanced lymphoid tumors. An...
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Heinz (HNZ) Remains Stable
Wednesday, November 25, 2009 - 11:50am | 186While posh and exotic condiments could be the flavor of the season, ketchup seems to be retaining its demand. Heinz (NYSE: HNZ) produced a rather lack-luster second quarter results Tuesday and its stock has traded sideways for a decade. Like its defensive peers, Heinz has just rebounded by a third...
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Benzinga’s News Roundup (TIF, WBD, NVS)
Wednesday, November 25, 2009 - 10:29am | 165Tiffany & Co. (NYSE: TIF) today provided outlook for financial year 2009. TIF expects EPS for FY09 to be in the range of $1.88 to $1.98 per share while the analysts expect EPS to be $1.77. TIF closed at $41.83 in the previous trading session. TIF is currently trading at $44.28, up 5.86% in the...
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Company News for November 24, 2009 - Corporate Summary
Tuesday, November 24, 2009 - 10:36am | 288• Hewlett Packard (NYSE:HPQ) reported strong results after Monday's close, helped by robust sales in China and improved margins on its service operations. The firm also increased share repurchases to $12 billion and projected fiscal 2010 earnings of $4.25 to $4.35 a share on revenues of $118...
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Stock Market News for November 24, 2009 - Market News
Tuesday, November 24, 2009 - 10:32am | 410U.S. stocks closed broadly higher Monday, ending a three-day losing run, as a strong housing report reassured investors’ faith in the economy. A weak dollar helped lift gold to another record high and sent shares of commodity-related companies higher. Calls for central banks around the world to...
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Benzinga’s Top Pre- Market Gainers (HRL, ZLC, SEED, AMLN, ZAGG, TLAB, RMBS, ALTH)
Tuesday, November 24, 2009 - 9:53am | 296Tellabs, Inc. (NASDAQ: TLAB) climbed 5.08% to $6 in the pre-market session. The 52 week trading range for TLAB is $3.51 - $7.70. Yesterday, TLAB closed at $5.71. Rambus Inc. (NASDAQ: RMBS) increased 4.31% to $16.72. The 52 week trading range for RMBS is $5.44 - $19.94. So far in 2009, RMBS climbed...
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World Stock-Markets Round-up
Tuesday, November 24, 2009 - 9:24am | 181U.S. Stock index futures are likely to open on a downward note. Hewlett-Packard Co. (NYSE: HPQ) announced that it has tripled the size of its share repurchase program. Increased China sales and better profit margins are the main reasons behind the move. Microchip maker Analog Devices Inc (NYSE: ADI...
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Benzinga’s Earnings Roundup (WMG, VIP, HNZ, DSW, MDT)
Tuesday, November 24, 2009 - 8:59am | 338Warner Music Group Corp. (NYSE: WMG) swung to a fiscal fourth-quarter loss of $18 million, or 12 cents a share, while revenue rose 1% to $861 million. The quarter included 9 cents a share worth of severance costs. Analysts polled by FactSet had forecast a profit of 4 cents a share. On Monday, WMG...
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Benzinga's Earnings Preview (HRL, HNZ, TIVO, WMG, MDT, DLTR, JCG)
Tuesday, November 24, 2009 - 5:28am | 224Hormel Foods Corporation (NYSE: HRL) is expected to report fourth-quarter earnings of 68 cents a share on revenue of $1.82 billion. Yesterday, HRL closed at $38.89. H.J. Heinz Company (NYSE: HNZ) is projected to report second-quarter earnings of 70 cents a share on $2.63 billion of revenues. In...
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UBS Stays Neutral on Campbell Soup Following 1Q Results
Monday, November 23, 2009 - 6:50pm | 144Investment bank UBS maintained its Neutral rating on shares of Campbell Soup (CPB) following the company’s announcement of 1Q 2010 results. The firm posted an earnings increase of $304 million in the quarter, or 87 cents per share, up from $260 million and 70 cents, respectively, in the same...