Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.» Read More
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.
Analyst actions and earnings updates were some of the catalysts behind the most actively traded stocks on Thursday.
Chocolate maker Hershey lowered its earnings growth outlook for fiscal 2007, citing higher dairy input costs.
Chocoholics be warned – the recent decline in the price of cocoa, the main ingredient for chocolate, won't necessarily mean a Cadbury's bar will be any cheaper at your candy store. Sorry chocolate lovers but prices are not set to melt any time soon.
Chocolate maker Hershey said it increased wholesale prices of its domestic confectionery, which includes standard bar, king-size bar, 6-pack and vending lines, by about 4% to 5%.
LeRoy Zimmerman, chairman of Hershey Trust Co., which controls 78% of Hershey's voting rights, told the Wall Street Journal that "we have a responsibility to listen to all potential possibilities that might come forward."
It's time to step back from the madness and understand a basic tenet of the markets: Just because something negative happens somewhere, it doesn't mean the sky is falling. In fact, it could be good news for you. Here's why...
The largest U.S. chocolate maker said it would cut about 11% of its workforce and reduce the number of production lines it operates by more than a third as it spends as much as $575 million to overhaul its manufacturing. Hershey also said it will build a new, cost-efficient manufacturing plant in Monterrey, Mexico.
Americans will spend almost $17 billion to celebrate Valentine's Day, on flowers, cards, jewelry and more. Some businesses, such as Godiva Chocolatier, are institutions in the Valentine’s market. In a CNBC.com video interview, President Jim Goldman talks about why chocolate continues to be a perennial favorite.
U.S. candy and snacks group Hershey and South Korea's Lotte Confectionery will set up an $80 million joint venture to make chocolate in China, aiming to boost share in a market dominated by Mars.