Hershey, the maker of Hershey's Kisses and Reese's Peanut Butter Cups, reported a 2.2 percent rise in revenue as demand strengthened in the U.S.
Trian Fund's Nelson Peltz also tells CNBC: "I don't know why the hell they're thinking about having an interest rate hike."
John Bilbrey is preparing to step down from his post in July to spend more time with his family.
Some of the names on the move ahead of the open.
The chief executive of Hershey Co, the chocolate company that Oreo cookie-maker Mondelez International Inc tried to acquire earlier this year, is preparing to step down by next summer, the company said in a release.
Chocolate companies are coping with a slowdown in major markets such as the U.S. at a time when emerging markets are losing steam.
Food makers and restaurants are increasingly overhauling classic foods to get a health and wellness halo and to boost sales.
Though chocolate giant Hershey's fell nearly 11 percent Tuesday after the end of takeover talks, one strategist calls it a sweet buy in the long run.
Jim Cramer told investors what they need to see to know if a turnaround is for real.
Jim Cramer pointed to technology, retail, food and energy groups that need takeovers in order to stay appealing.
Shares of Hershey fell as much as 11.2 percent on Tuesday, a day Mondelez said it was no longer in talks to purchase the chocolate company.
The good, bad and ugly stocks today, including United Continental, H&R Block, and Hershey.
The "Fast Money Halftime Report" traders take their positions on four stocks making news today, including Abercrombie & Fitch, United Continental, and more.
European stock indexes closed higher on Tuesday, with the exception of the FTSE 100, which was knocked by the weak performance of mining stocks.
Wall Street looked set to open higher on Tuesday, with futures for the Dow Jones industrial average trading up.
The "Fast Money" traders give their final trades of the day.
Mondelez states there is no actionable path forward as they end their bid for Hershey.
Check out Tuesday's early movers: AAPL, AAL, UAL, HSY, MDLZ, ANF, DSW, GIII & more.
Apple, Hershey and Abercrombie & Fitch are making headlines on Wall Street this Tuesday morning.
Check out the companies making the headlines after the bell on Monday.