Kellogg Co
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May 2- Kellogg Co and Hillshire Brands reported weaker-than-expected quarterly sales on Thursday, as budget-conscious U.S. consumers cut back on desserts, sending the food companies' shares lower. Hillshire, which owns Sara Lee frozen cakes, reported a better-than-expected profit and said 2013 earnings would be at the high end of its forecast.
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May 2- Kellogg Co and Hillshire Brands reported quarterly results on Thursday in line or better than Wall Street estimates, but both food companies' shares fell in early trading.
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*Exec says softness is US snack business could lead to flat operating profit.
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Wall Street was set to open slightly higher Thursday as an interest rate cut from the European Central Bank and better-than-expected weekly jobless claims data in the U.S. boosted investors' appetite for risky assets. **GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket. **VISA INC, Wednesday close $166.02, up 3 pct premarket.
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U.S. stock index futures climbed Thursday as Wall Street cheered a better-than-expected jobless claims report and after the European Central Bank cut its key interest rate.
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NEW YORK, May 2- Kellogg Co:. *Shares down 1.7 percent in premarket trading after results. ( (New York Treasury Desk; Tel: 223 6300)).
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May 2- Kellogg Co reported lower quarterly earnings on Thursday, hurt by higher ingredient costs, and said it was on track to meet its full-year goals.
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**GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket. **SEAGATE TECHNOLOGY, Wednesday close $36.94, up 4 pct premarket. **FACEBOOK INC, Wednesday close $27.43, up 2 pct premarket.
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*China, India PMIs show factory sector growth stumbling. NEW YORK, May 2- U.S. stock index futures rose on Thursday ahead of the European Central Bank's decision on interest rates and its assessment on the state of the euro zone's economy. *General Motors Co and Kellogg Co are expected to report results Thursday.
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With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
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CHICAGO, May 01 Fitch Ratings has affirmed the following ratings for Kellogg Company and its subsidiaries:. Kellogg Canada, Inc-- Long-term IDR at' BBB+';. Kellogg's debt balance was $7.9 billion at year end 2012, up from $6 billion in 2011 due to the primarily debt financed $2.7 billion Pringles acquisition which closed in May 2012.
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April 30- Kinross Gold Corp:. *Kinross Gold Corp: TD Securities raises price target to $9 from $8;. Reuters Station users, click. 1568.
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*Barrick Gold: Jefferies cuts price target to $30 from $45; rating. *Goldcorp: Jefferies cuts price target to $27 from $35; rating hold. *Kinross Gold: Jefferies cuts price target to $5.50 from $8.50;.
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April 30- Kinross Gold Corp:. *Kinross Gold Corp: CIBC cuts price target to $8 from $10;. Reuters Station users, click. 1568.
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April 30- Kinross Gold Corp:. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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April 29- Kinross Gold Corp:. *NBF cuts price target to C $10.75 from C $11.25; rating outperform. Reuters Station users, click. 1568.
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Investors should look past upcoming economic data, Joe Terranova says.
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Germany's Bayer AG has agreed to buy the U.S. contraceptive devices maker for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare provider. **SINA CORP, $59.74, up 19 pct** YAHOO INC, $24.72, up 0.3 pct.