Cramer has become more cautious on the market right now and conditions are creating a "nightmare scenario" for just about everyone involved, he said on CNBC.» Read More
General Mills reported higher-than-expected quarterly earnings on Wednesday, but lifted its full-year forecast only slightly, citing higher costs.
March 20- General Mills Inc reported higher-than-expected quarterly earnings on Wednesday but lifted its full-year forecast only slightly, citing higher costs. For fiscal 2013, which will end in May, General Mills forecast earnings of $2.66 to $2.68 a share, a penny higher than its prior range of $2.65 to $2.67.
March 20- General Mills Inc reported a higher quarterly profit on Wednesday, helped by the recent acquisitions of Yoki Alimentos in Brazil and Yoplait Canada.
*Cyprus banking crisis a reminder of global risks. *Homebuilders' stocks jump after Lennar earnings. The Fed looks set to sustain its $85 billion monthly bond-buying stimulus despite improving U.S. economic data as the threat of a financial meltdown in Cyprus and its possible impact on the euro zone remind officials of a risky global environment.
With Cyprus creating a new wave of worry, markets will be looking to the Fed Wednesday to keep a steady hand on the tiller.
The Fed could add fuel to the market rally in the week ahead, keeping the Dow on track for its best first quarter since 1998.
ZURICH, March 13- Nestle, the world's biggest food company, published on Wednesday a raft of social and environmental targets it aims to meet by 2020, including better labelling of its products, only using sustainable palm oil and cutting greenhouse gas emissions.
Many companies remain reluctant to hire, stringing job applicants along for weeks or months before they make a decision. The New York Times reports.
Here's the "Fast Money" Final Trade.
The $23 billion buyout of H.J. Heinz by Warren Buffett and private equity put food executives on notice: start showing better results or risk being left behind. Campbell Soup has long been seen as a good candidate, though roughly half of its stock is controlled by heirs of John Dorrance, who invented condensed soup.
With animal spirits on the rise, companies armed with cheap financing are fueling a new merger wave, but that's not likely to do much for markets.
Stocks finished flat after hugging the flatline for most of the session in lackluster trading Thursday, as disappointing economic data from the euro zone overshadowed optimism over an upbeat jobless claims report and a flurry of M&A announcements.
Following a flurry of merger deals, billionaire investor Wilbur Ross explains that more takeovers are likely.
*Paying $72.50 per share for Heinz. *Buffett says Berkshire putting up $12 bln- 13 bln cash. Feb 14- Warren Buffett's Berkshire Hathaway and Brazilian private equity firm 3 G Capital will buy ketchup maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3 G's ambitions in the food industry with Buffett's hunt for growth.
With the recent surge in major mergers and acquisitions, CNBC's Jim Cramer said Thursday that "this is the year of the deal."
U.S. stock index futures shaved some losses Thursday after a better-than-expected jobless claims report and a batch of M&A announcements, but a disappointing reading on the European economy put a damper on gains.
H.J. Heinz confirmed Thursday that it agreed to be acquired by Berkshire Hathaway and 3G for $28 billion.
*Paying $72.50 per share for Heinz. *Buffett says Berkshire putting up $12 bln- 13 bln cash. Feb 14- Warren Buffett's Berkshire Hathaway and private equity firm 3 G Capital will buy ketchup and baby food maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3 G's ambitions in the food industry with Buffett's hunt for growth.
The outlines of a new industry are emerging as a few crowdfunding startups find ways to raise money for Main Street-type businesses that typically wouldn't interest private investors.
Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company known for Spam and other deli meats said Thursday it's buying Skippy.