While gifting used to play a big role in driving sales in China, everyday consumption of chocolate is now on the rise as well, says Philip Stanley, VP & GM, Greater China at Hershey's.» Read More
The Discover Card’s Third Annual Valentine’s Day Shopping Survey reveals the way to someone’s heart is through their stomach. Here are some companies that you may love this Valentine's Day...
Will Valentine's Day help Hershey? According to the Discover Card survey 49% plan to buy their Valentine candy or chocolate, and 33% of women hope to receive chocolate for Valentine's Day.
Inflation worries continue. If the comments from companies during the last three days is any indication, Americans will be spending significantly more for food in the near future, due to significantly higher costs for corn, soybeans, sugar, and cocoa.
Roller coaster for futures this morning. First the ADP report was big, anticipating job increases of 130,000 from the nonfarm payrolls report on Friday, way above expectations of 40,000, and moved futures up about 4 points.
Societe Generale reported a $7.1 billion trading loss due to a rogue trader making bets on stock index futures. While they were making an announcement, they also took writedowns of about $3 billion for losses in the U.S. real estate market and bond insurers.
Barry Callebaut, the world's largest chocolate maker, posted a forecast-beating 22 percent rise in first-quarter sales on Tuesday, but warned margins could face pressure due to high raw material prices.
The trust that has a controlling stake in chocolate maker Hershey on Sunday forced a sweeping overhaul of the company's board amid dissatisfaction with the company's recent results.
Plus, don't forget a key Mad Money maxim: Bulls make money, bears make money, hogs get slaughtered. One viewer learned this the hard way.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
I know what you're thinking...man, when is earnings season going to end? We're only through one-fourth of the S&P 500 earnings, and it seems like it's been going on...forever. It's a little bit of an illusion. The problem is that, as Nick Raich points out, the first part of earnings season
Hershey on Thursday posted a 66 percent drop in quarterly profit, hit by higher costs for ingredients such as milk, restructuring charges and falling sales amid aggressive competition from Mars.
Stocks are struggling with familiar problems this morning: 1) The Yen has rallied against the dollar and other currencies, again reviving concerns about the yen carry trade unwinding; European equities are lower.
The charitable trust that controls Milton Hershey's fortune and The Hershey Co., the U.S. chocolate company he founded, said Tuesday it is not satisfied with the company's lackluster performance, and is working to improve it.
Hershey named a new chief executive and president on Tuesday, tapping chief operating officer David West, as the world's biggest chocolate maker continues to grapple with rising food prices.
Campbell Soup is putting its chocolate business Godiva up for sale to concentrate on its baked-snacks businesses.
Earnings remain the focus of traders going into the weekend, but analysts say the potential impact of rising crude oil and subprime troubles will also be on the minds of traders. Today is also an options expiration Friday.
One area of trading that has seen explosive growth this year is the options market. Year over year trading volume in June jumped over 30% and is up 25% for the first half of the year, according to the Options Industry Council.
The recent wave of M&A and private equity has missed the larger packaged food manufacturers, but the sector remains on the radar screen of private equity players, who could be poised to begin a new round of deal-making.
Cadbury Schweppes is planning to move out of its expensive central London offices as part of a cost-cutting drive that will be announced on June 19, a source familiar with the matter said on Friday.
The guys go behind the headlines and give you their take on ... JetBlue's CEO being forced out ... the latest company to miss earnings over milk prices ... and more.