TORONTO, June 6- Canada has charged two of the world's biggest candy makers, Nestle SA and Mars Inc, with colluding to fix the price of chocolate, the Canadian competition watchdog said on Thursday. Canada's Competition Bureau recommended lenient treatment for the Canadian arm of Hershey Co, which cooperated with the investigation.
TORONTO, June 6- Canada has charged two of the world's biggest chocolate makers, Nestle SA and Mars Inc with colluding to fix the price of their products, the country's competition watchdog said on Thursday.
NEW YORK, June 3- In an increasingly diet-conscious nation where the amount of chocolate candy sold has tumbled in recent years, a niche segment of the U.S. market is taking off: so-called "healthier" chocolate.
*First-quarter adj earnings per share $1.09 vs est $1.04. The candymaker posted a 6 percent increase in revenue to $1.83 billion, driven by higher sales in the United States, its largest market, and the introduction of Brookside Foods Ltd products into its line-up.
Suppliers like T. Boone Pickens' Clean Energy Fuels, Royal Dutch Shell and China's private ENN Group are scrambling to build natural gas fueling stations along U.S. highways, while Cummins-Westport Inc will begin later this year selling a 12- liter natural gas engine able to power the biggest trucks on the road.
Jan 31- Hershey Co reported fourth-quarter earnings below Wall Street estimates on Thursday but raised its 2013 outlook as it expects to benefit from cost-savings and cheaper commodities.
Jan 31- Hershey Co reported higher fourth-quarter earnings on Thursday, helped by improved market share. The maker of Kit Kat, Twizzlers and Reese's peanut butter cups said net income was $149.9 million, or 66 cents per share, compared with $142.1 million, or 62 cents per share, a year earlier. Sales rose to $1.75 billion from $1.57 billion.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."