Nikkei Shoots to Fresh Highs; US Rally Supports
ConAgra Foods Inc
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ConAgra Foods has been dead in the water for the last month, and yesterday the bears stepped in.
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ConAgra Foods said on Thursday that tests by some states found the salmonella bacteria in peanut butter produced at its Sylvester, Georgia, plant, where its Peter Pan and Great Valuebrands are made.
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ConAgra Foods will take a charge of $50 million to $60 million in the current quarter related to its peanut butter recall, the company said on Tuesday.
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The affected jars are made by ConAgra in a single facility in Sylvester, Ga., the FDA said.
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The barbarians are no longer at the gate -- they're in the boardroom. A growing number of companies are adding activist shareholders to their boards of directors, often times as a means of avoiding a nasty public fight. Now Home Depot appears to be embracing the trend. Consequently, investors can’t help but wonder if the the home builder is caving in or making a smart move.
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Sellers outnumbered buyers on Wall Street after multiple reports signaled a slowdown in economic growth. CNBC's "Closing Bell" team sorted through the details.
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All the major market indexes finished lower for the day. Volume is likely to be light on Friday ahead of the Christmas holiday.
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Excluding one-time items, earnings were 40 cents a share. On that basis, analysts' average forecast was 33 cents, according to Reuters Estimates.
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Top U.S. hog and pork producer. Smithfield Foods Inc. reported lower-than-expected quarterly earnings on Thursday due to a weak market for fresh meat, and shares fell sharply as a result.The Smithfield, Virginia-based company, which also is amajor beef producer and a partner in a large turkey operation,warned of higher meat prices ahead if prices for corn, animportant feed, keep increasing.