BOCA RATON, Fla., Feb 23- Investors are growing impatient with the makers of global brands like Cadbury chocolate, Campbell Soup and Tide laundry detergent, as these stalwart consumer products companies try to boost profits through cost cuts and brand makeovers while smaller rivals take risks and grab market share.» Read More
Hey folks--here's an update of the lastest action from the leaderboard, to most active stocks. And of course we announced weekly winner #6--James Kraber. On another note, there was an error found in the news trivia question for today. Again, as we posted just a while ago, those who tried to answer the question will receive the value of the news trivia question: $1,000 in Bonus Bucks. Again--that's ONLY for those who tried to answer the question. Here's the update:
Mattel, the world's largest toy maker, said Monday that its first-quarter profit slipped 60% as the year-ago period benefited from a hefty settlement, but the results beat Wall Street's expectations.
Dutch company Philips Electronics beat analysts' forecasts on Monday with a first-quarter operating profit that was depressed by overcapacity in flat LCD displays, and said little would change in the global consumer electronics marketplace.
Folks--here's a sector breakdown from our crack analystical team on what's happening with the stocks you contestants are buying. And there's been a "sea change" for sure. The analyses run through 3/28, found that over 50% of the leaders' trades occurred in retail and technology. But the current analysis--run from 3/29 - 4/10, shows that the contest leaders are now much more diversified with the top group only comprising 8.07%.
Shares in Air France-KLM increased on Friday after Deutsche Bank upgraded the stock to “buy” from “hold”.
Beazer Homes USA said it has received a grand jury subpoena from the U.S. Attorney's Office, which is seeking documents relating to it mortgage origination business.
Rentokil Initial, whose services range from catering to pest control, said on Friday it received a 595 million pounds ($1.2 billion) offer from U.S. conglomerate United Technologies Corporation for its Initial Electronic Security Group.
Sometimes, a good old-fashioned split-up is just what a company needs. Cramer identifies two big players that he thinks would benefit from cleaning house and selling off some of their undervalued brands. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Beazer Homes USA , the sixth-largest U.S. home builder, on Wednesday confirmed it is cooperating with federal prosecutors in a probe relating to its mortgage business. Beazer's shares were off 12% in premarket electronic trading after earlier falling 18% to their lowest level since August 2003.
LG Electronics said Wednesday it has reached an agreement with Google to offer the leading online search engine's products on its mobile phones.
U.S. authorities are investigating the lending practices and some other dealings at Beazer Homes USA, one of the largest U.S. home builders. Beazer's stock fell nearly 17% in after-hours trading.
Stocks closed lower after a new warning from the housing industry kept buyers out of the market. "Even though we may test the lows just because some short-term investors may get out of the way, this market has been really good shape," said Richard Steinberg, president and chief investment officer at Steinberg Global Asset Management. "If we pull back, investors should be reassessing their portfolios and looking to pick up bargains."
A senior U.S. Federal Reserve staff member warned on Tuesday that subprime mortgage market troubles could last as long as two years, while a leading home builder posting a huge profit plunge blamed subprime lending problems for worsening a soft housing sector.
CNBC’s Scott Wapner has a rough life: He’s at the Tavistock Cup in Orlando, Fla. and calling it work.
Lennar said first-quarter profit tumbled 73% on continued softness in the housing market, and warned it doesn't expect to meet its 2007 earnings forecast. "While some markets are performing better than others, the typically stronger spring selling season has not yet materialized," President and Chief Executive Stuart Miller said in a statement.
Furniture maker and retailer Ethan Allen Interiors forecast quarterly earnings below analysts' expectations on Monday, citing a challenging economic environment for home furnishings retail.
The president of struggling electronics maker Sanyo Electric, Toshimasa Iue, will likely step down in April to take responsibility for poor earnings and accounting troubles, Japanese media reported on Tuesday, a week after Sanyo's chairwoman resigned.
Consumer products maker Kimberly-Clark said on Monday that first-quarter earnings should meet or slightly exceed its prior outlook, driven by growth in developing and emerging markets and higher sales of its baby and child-care products in North America
U.K. housebuilder Taylor Woodrow has agreed to buy rival George Wimpey for 2.5 billion pounds ($4.9 billion) to create a market leader in Britain and combine businesses in a tough U.S. housing market.
Office supplies maker Avery Dennison said on Thursday it would buy clothing label maker Paxar for $1.3 billion, in a bid to expand in the fragmented retail information and brand identification market. 1st paragraph of story should go here