Some of the names on the move ahead of the open.» Read More
Kellogg says it plans to trim its global workforce by 7 percent, with the breakfast foods maker citing weaker-than-expected sales for the year.
Nov 4- Kellogg Co reported a 3 percent rise in quarterly profit, helped by a fall in cereal-making costs, and said it would slash 7 percent of its workforce by 2017.. Net income of the world's largest cereal manufacturer rose to $326 million, or 90 cents per share, in the third quarter ended Sept. 28 from $318 million, or 89 cents per share, a year earlier.
Bulls could keep the upper hand in the coming week, even with increasing warning signs that the market could be getting bubbly.
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The FDA said, after testing 1,300 samples of rice and rice products, that the amount of detectable arsenic is too low to cause immediate or short-term negative health effects.
Before you put your next dollar in stocks, Cramer would like a word about cyclical versus secular stocks.
Cold cereal is still the top choice for breakfast in America. However, cereal consumption volume has droped 7 percent in the past four years, an analyst says.
Goldman Sachs experienced a trading glitch that caused a huge batch of erroneous trades Tuesday. Many may be canceled but the snafu could still cost Goldman upwards of $100 million.
NEW YORK/ CHICAGO, Aug 20- A flood of erroneous trades hit U.S. equity options markets on Tuesday as they opened for business when Goldman Sachs Group sent orders accidentally because of a technical error, the latest trading problem to hit the options market this year.
The packaged food company is at risk of seeing its volumes decline unless it starts to increase advertising spending again, says one pro.
Detroit, Aug 8- The Michigan county of Saginaw on Thursday postponed a $60.55 million pension obligation bond sale, the latest sign of how Detroit's bankruptcy filing is affecting access to the municipal bond market by other localities in the state.
Although shares of many packaged food companies are hitting all-time highs, there is still room at the table for new investors to join the food stock feast.
Aug 1- Food company Kellogg Co trimmed its 2013 sales forecast on Thursday, citing weaker demand in the United States and the stronger dollar. Net income rose to $352 million, or 96 cents per share, in the quarter from $324 million, or 90 cents per share, a year earlier. Both Kellogg and its main cereal rival, General Mills, have recently launched breakfast drinks.
U.S. stock index futures held their sharp gains Thursday, as Wall Street cheered upbeat economic data from China and Europe and a better-than-expected jobless claims report.
Aug 1- Kellogg Co trimmed its 2013 sales forecast on Thursday, citing weaker growth in the United States and the stronger dollar. Net income rose to $352 million, or 96 cents per share, in the quarter from $324 million, or 90 cents per share, a year earlier.
Aug 1- Kellogg Co reported higher second-quarter earnings on Thursday, helped by acquisitions. Kellogg, the maker of Corn Flakes cereal and Eggo waffles, said net income rose to $352 million, or 96 cents per share, from $324 million, or 90 cents per share, a year earlier. Net sales rose to $3.71 billion from $3.47 billion a year earlier.
Agriculture prices have gotten crunched this year, but don’t expect your Cap’n Crunch to get any cheaper.
What a week! "Talking Squawk" highlights include earnings out the wazoo, "Carlos Danger" stage names, Cialis performance rankings and National Hot Dog Day.