Sales of Hormel's signature meat-in-a-can Spam rose around the globe, said CEO Jeffrey Ettinger. And a new teriyaki SPAM was just rolled out in Hawaii, he added.» Read More
Ben Bernanke will face Congress Wednesday to deliver the Fed’s biannual economic report. But could the outlook be different now that inflation is flaring?
Shares of The Brink's Co. jumped on a plan to spin off its home security division. Find out how the traders are playing it, plus Disney and Heinz in Monday’s Web Extra.
Time to sort through the Fast Money in-box and answer more of your questions. Mark writes, “With oil’s big rise, how come none of the solar names followed suit?”
We ask the boss at Spam maker Hormel, why the stay-at-home eating trade is working?
Wal-Mart shares made gains ahead of earnings Tuesday. What's worth watching in the week ahead?
Kraft Foods rallied by 6.9 percent to close at $31.33, the day after Warren Buffett's Berkshire Hathaway revealed it has accumulated an 8.6 percent stake in the company, becoming Kraft's largest shareholder. That's the biggest one-day percentage gain ever for Kraft, which began trading on the NYSE in 2001.
Friday's markets will likely continue to be vulnerable to credit worries. There are a few economic data points including import prices and the Empire State survey, both at 8:30 a.m. TIC data from the Treasury is released at 9 a.m. and industrial production comes out at 8:15 a.m. Consumer sentiment is due at 10 a.m.
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Hormel Foods, the maker of Spam luncheon meat and Dinty Moore canned stew, is optimistic it can grow operating earnings by 10% in fiscal 2008, but said the current quarter has been a "mixed bag."
Hormel Foods, the maker of Spam luncheon meat, lowered its third-quarter and full-year earnings forecasts, citing higher-than-expected input costs within its grocery products segment.