Nov 1- Kellogg Co reported higher-than-expected quarterly profit on Thursday as strong performance in its Pringles business offset costs related to a recall last month of Mini-Wheats. The world's largest cereal maker reported net income of $296 million, or 82 cents per share, for the third quarter, compared with $290 million, or 80 cents per share, a year earlier.
Burger King Worldwide Inc. reports quarterly financial results. Baidu Inc., the Chinese Internet company, reports quarterly financial results. Avon Products Inc. reports quarterly financial results.
After a bumper crop of pumpkin-flavored products this fall, it looks like it’s time to bring out the gingerbread and mint at restaurant chains even though trick-or-treaters have yet to ring the doorbell.
*UBS raises Barrick Gold target price to $52 from $46; rating buy. *UBS raises Rainy River Resources Ltd price target to C $7 from C $6;. rating buy* UBS raises Centerra Gold target price to C $17 from C $15.5; rating buy.
NEW YORK-- Kellogg's voluntary recall of certain packages of its Mini-Wheats Bite Size cereal may hurt its sales a bit, an analyst said Thursday. On Wednesday, Kellogg Co. announced that it was making the recall because of the possible presence of a flexible metal mesh from a faulty manufacturing part.
BATTLE CREEK, Mich.-- Kellogg Co. reaffirmed its full-year earnings guidance on Wednesday, saying that strong performance from its recently acquired Pringles brand offset costs for the anticipated costs a recent recall of Mini-Wheats cereal. Kellogg expects to earn between $3.18 and $3.30 per share for the year.
TORONTO, Oct 10- Kinross Gold Corp said Wednesday its chief financial officer, Paul Barry, will leave the company, just two months after the Canadian miner replaced its chief executive. Barry, who joined Kinross in March 2011, will leave to pursue other interests, but will remain in his role until a replacement has been found, the company said.
Oct 10- Kinross Gold Corp:. *Source text: Kinross Gold Corporation today announced that Executive Vice-President and Chief Financial Officer Paul H. Barry will be leaving the Company and pursuing other interests.
*Canaccord Genuity raises Kinross Gold target price to $13; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
SAN FRANCISCO-- Nasdaq has told Diamond Foods Inc. that its failure to file its latest annual report on time is another factor that could lead to the delisting of the snack maker's shares from the Nasdaq Stock Market. The payments _ an estimated $20 million in 2010 and $60 million in 2011 _ skewed Diamond's financial results.
U.S. crude oil futures settled down nearly $2 a barrel as signs this week of slowing in the manufacturing and services sectors in Europe and China continued to weigh on investor sentiment. ,down 0.5 percent to C $33.00, Canadian Natural Resources, down 1.6 percent to C $30.22 and Encana Corp, off 2.6 percent to C $21.27.
TORONTO, Oct 5- Toronto's main stock index backed away from its highest level in nearly three weeks on Friday as concerns about weakness in the global economy hurt commodity prices, countering unexpectedly strong North American jobs data.
TORONTO, Oct 5- Toronto's main stock index rose to a two-week high on Friday as unexpectedly strong North American jobs data supported demand for riskier assets. In Canada, the economy added 52,100 jobs in September, more than five times the consensus figure analysts had expected, and bolstering the Bank of Canada's case for an eventual interest rate rise.
--Northfield, Ill.- based Kraft Foods Inc. completed the pending spin-off transaction of its North American grocery business, Kraft Foods Group Inc.. Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services affirmed its ratings on Mondelez International Inc..
Oct 2- Kinross Gold Corp:. *RBC raises Kinross Gold Corp to outperform from sector perform. *RBC raises Kinross Gold Corp price target to $14 from $11.
Singapore shares fell, largely in line with regional markets, after the latest survey of factory managers showed China's economy is seeing a seventh straight quarter of slowing growth. One of the biggest decliners on the Singapore bourse was Wilmar International Ltd, which eased as much as 2.2 percent to S $3.18.
Oct 1- Kinross Gold Corp:. *Dundee capital markets raises Kinross Gold Corp to buy from neutral;. raises price target to C $13.00 from C $9.50.
In several recent columns, CNBC.com senior editor John Carney has dismissed any notion of a farm labor crisis, claiming that record farm profits suggest no such crisis exists. The senior editor’s all too common error is to grossly oversimplify American agriculture and draw the wrong conclusions as a result.
Market expectations are running so high for the European Central Bank’s meeting Thursday, that it can only disappoint.
Consumer staples companies have been consistently beating earnings estimates so far this quarter. With several big names reporting in the week ahead, the question is: Will the trend continue?