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Once these stocks were considered reliable and consistent. But Jim Cramer says business has changed and changed for the worse.
Cramer thinks many of the nation’s largest companies are grappling with slow growth and the challenges it presents. What now?
Aug 6- Kellogg Co has hired an adviser to evaluate a bid for cookies and snacks maker United Biscuits Ltd, a source familiar with the matter said. Sky News reported earlier on Wednesday that Kellogg was working with investment bankers from Barclays on a possible 2 billion pound bid for United Biscuits.
Aug 6- The owners of UK- based United Biscuits Ltd are not in sale talks with Kellogg Co, a source familiar with the matter said, responding to a report that the cereal company was considering making an offer for the maker of McVitie's biscuits.
Aug 6- Kellogg Co is considering a 2 billion pound offer for United Biscuits, the UK- based maker of McVitie's, Sky News reported. Sky News said Kellogg was working with investment bank Barclays on a possible deal.
Some of Thursday's midday movers:
July 31- Kellogg Co, the world's largest maker of breakfast cereal, cut its full-year adjusted sales and profit forecasts as demand for its Corn Flakes and Special K cereals continued to wane in the United States, its biggest market.
July 31- Kellogg Co, the world's largest maker of breakfast cereal, reported its fifth straight decline in quarterly U.S. cereal sales and said it no longer expects full-year internal sales to rise. The company cut its adjusted earnings forecast for the year ending December to between $3.81 and $3.89 per share from between $3.89 and $3.97.
Are you finding it next to impossible to anticipate this market? There’s a reason. In fact, Cramer says there are five of them.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Food industry M&A is ramping up, and pros say there's a lot more action ahead. Who's next?
Dennis Gartman of "The Gartman Letter" says a large grain crop is bullish for food stocks.
Here are three ways Americans are taking a different approach to breakfast. Who may be the winners and losers of the shift?
*Stakeholders include private equity firms CVC Capital and CD&R. Univar sources chemicals from over 8,800 producers worldwide, including Dow Chemical Co, Exxon Mobil Corp and Eastman Chemical Co.. The company, which gets more than half of its revenue from the United States, listed Akzo Nobel, Kellogg Co, Ecolab Inc and FMC Corp among its customers.
Before you put your next dollar in stocks, Cramer would like a word about cyclical versus secular stocks.
June 25- General Mills Inc, maker of Cheerios cereal and Betty Crocker baking products, said it would launch healthier products and revamp and promote its existing ones to revive sales that have slipped for three straight quarters.
General Mills reported a 10.4 percent rise in quarterly profit, helped by lower costs.
June 18- ConAgra Foods Inc warned that its adjusted fourth-quarter profit would be lower than its forecast, as the company struggles with its big push into private-label foods and sales fall in its consumer foods business. The company's shares fell as much as 7.4 percent to $30.41 on the New York Stock Exchange on Wednesday.
PARIS, June 18- The world's top food and drink companies announced a raft of measures on Wednesday to try to improve the industry's image, including stopping advertising junk food to children by 2018, harmonizing nutritional labeling and fighting deforestation.
Hampton Creek Foods plans to crack the caged-egg industry, replacing an unhealthy, inhumane agricultural system with plant-based 'eggs.'