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Coke (KO) Acquires North American Unit Of Bottler
Thursday, February 25, 2010 - 5:43pm | 118Coca-Cola (NYSE: KO), on Thursday, announced an agreement to acquire the North American operations of its largest bottler, Coca-Cola Enterprises (NYSE: CCE). Coca-Cola Enterprises would then acquire Coke’s bottling operations in Norway and Sweden. C.C.E. will focus on Europe, and distribute Coke...
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Top Narrow Based Indexes Today (VIT, CCE, JASO)
Thursday, February 25, 2010 - 4:41pm | 193According to Tickerspy, the top performing narrow based indexes today are Chinese IT Stocks, up 3.3%, Beverage Stocks, which have surged 2.5%, and Chinese Solar Stocks, up 2% today. Leading the Chinese IT space is VanceInfo Technologies (NYSE: VIT), which has jumped 7.34% to $19.30 after guiding...
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Coca Cola Enterprise (CCE) Moves Into A Bullish Orbit After Sellout Of North American Bottling Operations
Thursday, February 25, 2010 - 1:02pm | 142Coca Cola Enterprises (NYSE: CCE) soared 34% in morning trading on Thursday, after it entered into a deal with Coca Cola Co. (NYSE: KO) to sell off its North American business for $4 billion in cash. The buyout to Coca Cola Co. (KO) includes the transfer of its assets and liabilities of the North...
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Company News for February 25, 2010 - Corporate Summary
Thursday, February 25, 2010 - 10:42am | 173• HJ Heinz (NYSE:HNZ) beat Zacks estimates with fiscal third quarter results of 83 cents, ahead of Zacks estimates of 80 cents, on inline revenues of $2.68 billion • Newmont Mining (NYSE:NEM) sharply beat estimates with fourth quarter results of $1.13, well ahead of Zacks projections of 76 cents...
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Coca-Cola Follows In Pepsi’s Footsteps To Buy Bottler; Shares Fall
Thursday, February 25, 2010 - 10:16am | 242Coca-Cola (NYSE: KO) has agreed to acquire the North American operations of its largest bottler, Coca-Cola Enterprises Inc (NYSE: CCE). The deal, if it culminates, will mirror the move made by rival PepsiCo (NYSE: PEP), which is about to close its own $7.8 billion purchase of its largest bottlers,...
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The Coca-Cola Company (NYSE: KO) Declines After News
Thursday, February 25, 2010 - 10:03am | 153The Coca-Cola Company (NYSE: KO) announced today that it would buy the North American business of Coca-Cola Enterprises Inc. (NYSE: CCE) in a deal that will result in about $4 billion in cash to shareholders of the Atlanta-based soft drink giant's largest bottler. The acquisition will strategically...
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Top 5 Stocks For February 25, 2010 (BX, DPS, HNZ, KSS, GPS)
Thursday, February 25, 2010 - 9:03am | 253Some of the companies that may come into the limelight today are those that are reporting their results. While Blackstone Group (NYSE: BX), Dr. Pepper Snapple (NYSE: DPS), Heinz (NYSE: HNZ) and Kohl's (NYSE: KSS) are declaring their results before the bell, Gap (NYSE: GPS), Live Nation (NYSE: LYV...
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Coca Cola Company (KO) In Talks To Buyout Coca Cola Enterprises, Inc.’s (CCE) North America Operations
Thursday, February 25, 2010 - 8:03am | 141The Coca Cola Company (NYSE: K), the world’s biggest soda maker, is in talks to buyout bottler Coca Cola Enterprises, Inc.’s (NYSE: CCE) North American operations. The deal will be worth $15 billion, including debt. According to people close to situations, the deal could come through in the next...
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Heineken (HINKY) In The Limelight With The Femsa Deal (FMX), Reports Barron's
Monday, February 22, 2010 - 2:11pm | 113Barron's reports that Heineken’s (ADR)(OTC: HINKY) agreement last month to buy the Cerveza beer unit of Fomento Economico Mexicano or Femsa (ADR)(NYSE: FMX), for nearly $8 billion in stock, has brought Heineken into direct competition with rivals Anheuser-Busch/ InBev (NYSE: BUD), and SABMiller (...
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Unusual Movements Expected In These Shares (ES, GSK, HOLX, USB, WAG)
Monday, February 22, 2010 - 10:46am | 309EnergySolutions, Inc. (NYSE: ES), a provider of technology-based nuclear services, announced that it expects an EPS of 69 cents at most this year. According to a Bloomberg survey, the consensus EPS estimate is also of 69 cents. Two US senators said GlaxoSmithKline Plc (ADR) (NYSE: GSK), which...
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February 21, 2010: National Bank of Greece Not An Achilles Heel
Saturday, February 20, 2010 - 8:40pm | 475As the Greek philosopher extraordinaire Plato would have it, the realm of ideas is absolute reality, and truth itself is an abstraction. The Greek government(s) have been denying truth, reality and ideas for too long, and now they will be, in part, held to account. If the assumption that the EU...
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Heineken Reinvents Itself (HINKY, BUD, SBMRY, FMX)
Saturday, February 20, 2010 - 2:19pm | 96Heineken is all set to prove its worth against its formidable rival viz. Anheuser-Busch (NYSE; BUD) and SABMiller (OTC: SBMRY). Heineken has recently bought the Cerveza beer unit of Fomento Economico Mexicano (NYSE: FMX). The deal will help Heineken (HINKY) in capturing faster-growing markets such...
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John Cahill Joins Legg Mason’ Board (LM)
Friday, February 19, 2010 - 8:10pm | 86John Cahill has been elected a member of Legg Mason’s (NYSE; LM) board. Cahill will replace Roger Schipke, who is retiring in July. Cahill was the chief executive officer of Pepsi Bottling Group Inc. (PBG) from 2001 to 2006. Currently, he is a partner at private equity firm Ripplewood Holdings....
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Top 5 Stocks In The Consumer Goods Sector With Highest Cash (TM, F, PC, HMC, KO)
Friday, February 19, 2010 - 8:14am | 256Below are the top 5 consumer goods stocks on the NYSE and NASDAQ in terms of cash. Toyota Motor Corp (NYSE: TM) had $44.41 billion of total cash in the most recent quarter. TM had debt liabilities of $140.49 billion during the same period. Read more about this company here. Ford Motor Co (NYSE: F...
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Stop Trading with Jim Cramer
Thursday, February 18, 2010 - 3:47pm | 198Jim started off his Stop Trading segment by saying that there are more bears in the market calling for a correction than there has been in a long time. According to him this is a reason alone to buy. Erin asked how bullish is Jim? Jim answered this by bringing up Procter and Gamble (NYSE: PG)....