Hormel has created a custom motorcycle that runs on 100 percent refined bacon grease.» Read More
Check out which companies are making headlines after the bell Wednesday: Whole Foods, Yelp, Weight Watchers & more.
NEW YORK, July 30- Kraft Foods Group Inc said on Wednesday that its second quarter net income fell 42 percent from a year ago when the company benefited from a gain tied to employee pensions, and its sales barely increased as the company faced challenging consumer and economic trends.
NEW YORK, July 30- Kraft Foods Group Inc said on Wednesday that its second quarter net income fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, a year ago, when the company benefited from a significant gain tied to its post-employment benefit plans.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Investors are honed in on consumer companies that use cocoa as a raw ingredient to see how they manage costs to protect the bottom line.
July 22- Omnicom Group Inc, the No.1 U.S. advertising company, said it was sticking with its annual organic revenue growth target, showing little effect from its aborted $35 billion merger with France's Publicis Groupe. Omnicom shares, which have gained 9 percent since the deal fell apart in May, rose as much as 1.4 percent on Tuesday.
Earnings/shr $1.20 vs est $1.17. July 22- Omnicom Group Inc, the largest U.S. advertising company, reported better-than-expected quarterly revenue and profit as ad spending rose, particularly in the United States.
July 22- Omnicom Group Inc, the largest U.S. advertising company, reported a 6.4 percent rise in quarterly revenue, led by increased spending on advertising by clients in North America.
The price increase is a sign that a year-long soaring cocoa market is eating into confectioners' profits.
July 15- Hershey Co, the No. 1 candy producer in the United States, on Tuesday hiked its chocolate prices for the first time in three years, a sign that a year-long soaring cocoa market is eating into confectioners' profits.
Britain is to set out proposals to force foreign buyers of key UK companies to make binding commitments to secure jobs and research budgets.
June 25- General Mills Inc, maker of Cheerios cereal and Betty Crocker baking products, said it would launch healthier products and revamp and promote its existing ones to revive sales that have slipped for three straight quarters.
Hampton Creek Foods plans to crack the caged-egg industry, replacing an unhealthy, inhumane agricultural system with plant-based 'eggs.'
Anheuser-Busch InBev, the maker of Budweiser, and SABMiller, which brews Coors and Miller, disclose ingredients after blogger's campaign.
Dunkin' Donuts CEO says its sandwiches are snacks, not lunch.
After a string of mergers, Cramer thinks investors may be looking at significantly higher valuations in parts of the market.
Tyson Foods announced on Monday it has acquired Hillshire Brands in a deal it valued at about $8.55 billion.
Kraft Foods Group said on Saturday it raised U.S. retail prices for its well-known Maxwell House and Yuban roast and ground coffee brands.
Some of the names on the move ahead of the open.
NEW YORK, June 7- Kraft Foods Group Inc said on Saturday it raised U.S. retail prices for its well-known Maxwell House and Yuban roast and ground coffee brands by an average of 10 percent due to rising green bean costs, effective June 6.