Some of the names on the move ahead of the open.» Read More
NEW YORK, Nov 8- Microwave popcorn makers could face a long and difficult task ridding their snacks of trans fats, if a U.S. Food and Drug Administration proposal to ban the additives goes into effect.
BOSTON/ WASHINGTON, Nov 7- The U.S. Food and Drug Administration on Thursday proposed banning artificial trans fats in processed food ranging from cookies to frozen pizza, citing the risk of heart disease. Reducing the use of trans fats could prevent 20,000 heart attacks and 7,000 deaths from heart disease a year, the FDA said.
*Cost-cutting to result in pre-tax charges of $1.2 bln- $1.4 bln by 2017. Nov 4- Kellogg Co, the world's largest maker of breakfast cereals, said it would cut about 7 percent of its workforce by 2017 and also trim production capacity, after reporting another quarterly decline in sales in its cereals business.
*Cost-cutting to result in pre-tax charges of $1.2 bln- $1.4 bln by 2017. Nov 4- Kellogg Co, the world's largest maker of breakfast cereals, said it would cut about 7 percent of its workforce and slash capacity by 2017, after reporting another quarterly decline in sales in its cereals business.
NEW YORK, Oct 30- When Campbell Soup Co was losing market share to private label brands and smaller competitors in recent years, it could have used another pop superstar like Andy Warhol to try to make its brand hip again, especially with 20- somethings. Investors have embraced the initiatives, pushing Campbell stock up more than 30 percent in the last two years.
Many companies continue to pick up the tab for CEOs' spouses who accompany them on business trips. USA Today reports.
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**L&L ENERGY, $1.20, down 42 pct. Research firm GeoInvesting said in a blogpost in SeekingAlpha that it was preparing to file a "whistleblower report" to the Nasdaq and the SEC accusing L& L Energy of defrauding investors by booking substantial revenue from operations that have been idled.
Shares of the company hit a record high on Thursday, boosted in part by an upbeat note from analysts at Deutsche Bank. Deutsche Bank raised its target price on the stock to $200 from $160 and said it expects Tesla to modestly outperform third-quarter margin expectations. **USEC INC, $11.91, up 22 pct.
Stocks ripped higher to close near their best levels Wednesday, with the Dow and S&P 500 setting fresh highs, after the Federal Reserve surprised Wall Street by keeping its $85 billion-a-month bond-buying program intact.
Sept 18- General Mills Inc reported higher-than-expected quarterly sales on Wednesday, helped by growing demand for its yogurt and the addition of new international businesses. Net sales rose 8 percent to $4.37 billion in the first quarter ended on Aug. 25. Net sales outside the United States rose 22 percent to $1.32 billion.
Sept 18- General Mills Inc reported higher-than-expected quarterly sales on Wednesday due to the addition of new products and businesses, and the maker of Cheerios cereal and Progresso soups affirmed its fiscal-year earnings outlook. Shares of General Mills rose 1 percent to $50.29 in trading before the market opened.
U.S. stock index futures continued to hover around the flatline Wednesday ahead of the Federal Reserve's announcement on the future of its economic stimulus program.
Some of the names on the move ahead of the open.
Sept 18- General Mills Inc reported lower quarterly earnings on Wednesday, but the maker of Cheerios cereal and Progresso soups said sales rose due to the addition of new businesses. Net income fell to $459.3 million, or 70 cents per share, in the first quarter ended on Aug. 25 from $548.9 million, or 82 cents per share, a year earlier.
September 18- General Mills Inc reported a lower quarterly profit on Wednesday and affirmed its full-year outlook. The maker of Cheerios cereal and Progresso soups said net income was $459.3 million, or 70 cents per share, in the first quarter ended on Aug. 25, compared with $548.9 million, or 82 cents per share, a year earlier.
*Cuts FY 2014 profit forecast to $2.34- $2.38/ share from $2.40. ConAgra shares fell 6 percent to $31.56 in early trading on Tuesday on the New York Stock Exchange. "reflects the fact that they operate with a weaker brand portfolio relative to some of their larger branded packaged food peers," Morningstar Inc analyst Erin Lash told Reuters.
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