Colorado and Oregon ballot measures to label food products that have GMOs were defeated, but proponents vow to fight on.» Read More
CAIRO, Nov 26- The battle for control of Egyptian cake and biscuit maker Bisco Misr intensified on Wednesday as Abraaj Investment Management raised its initial bid to trump a rival offer from Kellogg Co.. UAE- based Abraaj, the Middle East's largest private equity firm, raised its offer to 80.58 Egyptian pounds per share, exactly two percent above a bid of 79 pounds...
CAIRO, Nov 26- UAE's Abraaj Investment Management said on Wednesday it would raise its price for Egyptian cake and biscuit maker Bisco Misr to 80.58 Egyptian pounds per share following a counter bid by Kellogg Co.. Abraaj's initial offer of 73 pounds per share earlier this month was topped earlier on Wednesday by Kellogg's offer of 79 pounds.
CAIRO, Nov 26- Kellogg Co, the world's biggest breakfast cereal maker, has offered 908.5 million Egyptian pounds for Egyptian cake and biscuit maker Bisco Misr, setting up a likely bidding war with a UAE investment company. UAE- based Abraaj Investment Management offered 850 million pounds this month for the Egyptian firm, which earlier refused a takeover bid...
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Baker Hughes Inc. fell 2.6 percent to $63.55 with 25,819,700 shares traded. Bank of America Corp. rose. 3 percent to $17.14 with 38,549,700 shares traded.
Nov 17- Starbucks Corp said on Monday it has been wrongly accused in online petitions of supporting a Grocery Manufacturers Association lawsuit to block Vermont's GMO labeling law. Petitions posted to websites such as Sumofus.org and Care2.com accused Starbucks of teaming with fellow GMA member Monsanto Co to kill GMO labeling in Vermont, which in May...
ISTANBUL, Nov 3- Turkey's largest food group Yildiz Holding has bought UK- based cookies and snacks maker United Biscuits, in a deal it said made it the world's third-biggest biscuit maker and would help it expand into new markets. "We want to grow United Biscuits to be a global player as part of Yildiz," said Murat Ulker, chairman of Yildiz Holding.
Oct 30- Kellogg Co posted its sixth straight quarter of weaker net sales in its U.S. cereal business as demand for products such as Corn Flakes and Rice Krispies wane in its biggest market. The company also said sales in its U.S. snack business dropped by the most in seven quarters, highlighting how processed food makers such as Kellogg, ConAgra Foods Inc and General...
Oct 30- Kellogg Co, the world's largest maker of breakfast cereal, reported a 2.1 percent drop in quarterly net sales as demand for its Corn Flakes and Special K wane in the United States, its biggest market. Net income attributable to Kellogg fell to $224 million, or 62 cents per share in the third quarter ended Sept. 27, from $326 million, or 90 cents per share, a year...
Consumers seem to have held back on spending in the third quarter from second quarter levels, but they could snap back in the fourth quarter.
The Fed is expected to end its quantitative easing program—the much-anticipated action that's been at the very heart of the market's fears.
Oct 17- Opponents of GMO food labeling proposals on the ballot next month in Oregon and Colorado have contributed roughly $20 million for campaigning against the proposed laws, nearly triple the money raised by supporters of the initiatives, campaign finance reports show. Voters in Colorado and Oregon weigh in on the issue in mid-term election voting on Nov. 6.
Jim Cramer takes on activist calls to CEOs strong performing companies, and suggests they realign their attention
The next leg of this market isn’t going to be easy. Cramer, however, has a plan.
Another UN climate change summit has experts wondering if anything will get done and if the right measures to stop greenhouse emissions are in place.
Some of Wednesday's midday movers:
Kellogg Chairman, president & CEO John Bryant, discusses how Kellogg plans to bring consumers back to the breakfast table.
Gordon Gund, Gund Investment founder & CEO, discusses his investment thesis, including the family's holdings in Kellogg.
Analysts have high expectations for 32 companies in the S&P 500 that they say will trade at least 20 percent above their current levels.
Jonathan Feeney, Athlos Research, shares his thoughts on Kellogg's performance and outlook.
The head of the bakery brand says that choosing a non-traditional path in business has reaped unexpected rewards.