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Hershey, Ferrero May Make Cadbury Bid
Tuesday, November 17, 2009 - 5:09pm | 131Hershey (NYSE: HSY), the U.S. chocolate giant, is rumored to be in talks with Italy's Ferrero Spa to form a competing bid to Kraft's (NYSE: KFT) $16.7 billion bid for Cadbury (NYSE: CBY). Hershey and privately held Ferrero have been in talks for several weeks and no bid has emerged as of yet,...
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Sara Lee Could Get $3 Billion For Household Products Unit
Tuesday, November 17, 2009 - 3:56pm | 88Sara Lee (NYSE: SLE) has been attempting to sell its household products and bodycare businesses since earlier this year and press reports are saying privately held SC Johnson may be interested in acquiring part of the business. Dow component Procter & Gamble (NYSE: PG) is also rumored to be...
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MarkWest Profit Lags Estimates - Analyst Blog
Tuesday, November 17, 2009 - 11:20am | 523MarkWest Energy Partners L.P. (MWE), a master limited partnership (MLP), reported weaker-than-expected third quarter results. Earnings per unit came in at 13 cents, which fell way short of the year-ago result at $3.24 and also missed the Zacks Consensus Estimate of 15 cents. The year-over-year...
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Barron's Report On Steve Mandel's Picks
Monday, November 16, 2009 - 12:20pm | 112Baron's reports that hedge-fund manager Steve Mandel of Lone Pine Capital has picked up stocks that he finds under-valued. His most intriguing idea was Green Mountain Coffee Roasters (NASDAQ: GMCR), a high-flying stock. He expects the installed base of coffee machines in U.S. homes figures to grow...
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Biggest Losers (CAEI, TBV, PARD, CRXX, HOOK, ADY)
Monday, November 16, 2009 - 11:50am | 189China Architectural Engineering, Inc. (NASDAQ: CAEI) plunged 27% to $1.10 huge volume of 1.10 million shares after CAEI announced its third quarter financial results. So far this year CAEI is down over 54%. Tiens Biotech Group (USA), Inc. (AMEX: TBV) plummeted 23% to $3.99 on 239K shares. The 52...
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Green Mountain Coffee Roasters,Acquires Timothy's Coffees of the World For $157M
Friday, November 13, 2009 - 9:47am | 49Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) announced today that the Company has acquired Timothy’s Coffees of the World, Inc. from an affiliate of Sun Capital Partners, Inc. for a cash purchase price of approximately $157 million, in U.S. dollars, subject to adjustment.
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Magellan Reports Weak Results - Analyst Blog
Thursday, November 12, 2009 - 2:01pm | 453Magellan Midstream Partners L.P. (MMP), a master limited partnership (MLP), announced weak third quarter results, as low commodity prices more than offset record results from its Terminals segment. The partnership reported earnings per unit (EPU) of 43 cents, missing the Zacks Consensus Estimate...
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Company News for November 12, 2009 - Corporate Summary
Thursday, November 12, 2009 - 10:26am | 395• Wal-Mart (NYSE:WMT) reported estimate-topping results of 84 cents a share, three cents above Zacks estimates of 81 cents, on revenues of $98.67 billion, slightly below estimates of $99.50 billion. Comparable sales eased 0.4% from last year. The firm raised fourth quarter and full-year guidance to...
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Benzinga’s Top 5 Pre-Market Losers (GMCR, BRCD, JRCC, GOLD, AMAT)
Thursday, November 12, 2009 - 10:25am | 192Green Mountain Coffee Roasters Inc (NASDAQ: GMCR) shares plummeted by 11.59% in pre-market trading. GMCR posted robust FQ4 profits, driven by impressive sales of its Keurig single-cup brewing system. However, the lower-than-consensus guidance for GMCR Q1 EPS resulted in the sell-off in the company’...
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Flowers Food Inc. (Flor) sheds weight after gap-down opening
Wednesday, November 11, 2009 - 2:34pm | 86Flowers Food Inc. (NYSE: FLO) has shed 5.9% by early afternoon trades to $22.48, as Flowers Food Inc. (FLO) came out with a disappointing quartertly performance for September, due to hiher promotional expenses borne by Flowers Food Inc. (FLO). After a gap-down opening, the Flowers Food Inc. (FLO)...
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Benzinga’s Earnings Roundup (FLO, M, SBRY)
Wednesday, November 11, 2009 - 12:54pm | 138Flowers Foods, Inc. (NYSE: FLO) third-quarter net income increased to $31.93 million, or $0.34 a share. While its sales rose to $602.57 million from $575.57 million versus analyst’s estimation of 34 cents a share on revenues of $620.22 million. Macy's, Inc. (NYSE: M) reported that its third-...
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Benzinga’s Top Upgrades (PALM, TRST, MYGN, COLM, SFD, FLR)
Wednesday, November 11, 2009 - 12:16pm | 184Palm, Inc. (NASDAQ: PALM) was reiterated to buy by Merrill Lynch/BAM at a price target of $20. PALM Inc. is now trading at $11.52, up 4.82% on 194K shares. The stock has recovered over 270% so far this year. TrustCo Bank Corp NY (NASDAQ: TRST) got upgraded from Sell to Neutral. Now TRST is up 5.51...
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Flowers Foods, Inc. (NYSE: FLO) declines after reports
Wednesday, November 11, 2009 - 10:11am | 88Flowers Foods, Inc. (NYSE: FLO) reported that its third-quarter net income increased to $31.93 million, or 34 cents a share versus $27.42 million a year ago and sales increased to $602.57 million as compared to $575.94 million a year ago. The operating margin of the company increased by 20.5% to...
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Company News for November 11, 2009 - Corporate Summary
Wednesday, November 11, 2009 - 9:50am | 317• Goldman Sachs (NYSE:GS) added Cytec Industries (NYSE:CYT) to its Conviction Sell List, with a target of $31. The analyst warned of the bleak outlook for the late-cycle aerospace industry, and economic uncertainties in Europe, which represents 40% of sales • JP Morgan (NYSE:JPM) plans to...
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John Paulson Doubles His Cadbury (CBY) Stake
Tuesday, November 10, 2009 - 2:59pm | 48Paulson's John Paulson doubles his Cadbury (NYSE: CBY) stake the same day Kraft Foods (NYSE: KFT) launched its formal offer for CBY. Paulson's fund bought 14.8 million shares at 759.59 pence, increasing his total stake to 28.5 million or 2.08% of Cadbury.