Cramer rarely likes to play piggyback and follow another investor into a stock. But this is an exception.» Read More
The devaluation of the Venezuelan currency has hurt many companies including Ford Motor Co, Procter& Gamble Co and Mondelez International Inc, the maker of Cadbury and Oreo, as it reduces the value of sales in the Latin American country.
"If I want to successfully conquer India... I can't do that with a plant in Hamburg, "said Stefan Heidenreich, head of Beiersdorf, whose products range from Nivea to the high-end La Prairie creams. Nivea plans to open a factory in India in 2015, to make creams in smaller, cheaper packs, products with different scents and whitening creams, which are popular in Asia.
PepsiCo on Thursday reported a higher quarterly profit, lifted by sales gains in its snacks business.
*First-quarter sales 20.8 bln Sfr vs 21.5 bln in poll. ZURICH, April 15- Nestle expects sales growth to pick up in the next few quarters after slowing to 4.2 percent in local currencies in the first, when unusually cold weather hit sales in North America and cost-conscious Europeans continued to opt for cheaper brands.
CNBC highlights some of the consumer goods that have slimmed down in recent years but have stayed near the same price point.
*Oxfam campaigning directed at top 10 food and drink firms. PepsiCo said in a statement it had worked with Oxfam and other external experts on a new policy to prevent suppliers displacing any legitimate landowners.
BERLIN, Feb 26- Many of the world's top food and drink companies are taking steps to improve their social and environmental impact on poor countries, although there is still much more to do, development group Oxfam said on Wednesday.
BERLIN, Feb 26- Many of the world's top food and beverage companies are taking steps to improve their social and environmental impact on poor countries, although there is still much more to do, development group Oxfam said on Wednesday.
BOCA RATON, Fla., Feb 23- Investors are growing impatient with the makers of global brands like Cadbury chocolate, Campbell Soup and Tide laundry detergent, as these stalwart consumer products companies try to boost profits through cost cuts and brand makeovers while smaller rivals take risks and grab market share.
Feb 13- Kraft Foods Group Inc on Thursday reported a higher quarterly profit on lower costs and a large accounting gain related to retiree benefits.
Kraft posted sales that missed Wall Street expectations Thursday.
Feb 13- PepsiCo Inc, rejecting a proposal by activist investor Nelson Peltz, said it had decided not to spin off its North-American beverage business, which posted another drop in sales in the fourth quarter.
Some of the names on the move ahead of the open.
PepsiCo reported a 5 percent jump in quarterly profit, helped by strong sales of Frito-Lay chips and cost-cutting measures.
Mondelez reported a fourth-quarter profit shy of Wall Street expectations as the maker of Oreo cookies struggled with weak cookie sales in China.
Customers want "more than safe" when it comes to their food, explains CNBC's Sara Eisen.
The market’s mood seemed to shift on Friday. But will the positive tone bleed into the week ahead?
This Sunday, Super Bowl sponsors' hashtags are going to be as ubiquitous as the hash marks on the field.
Traders are bracing for another rough ride in markets this week, as the emerging markets continue to shakeout and the Fed is expected to announce another round of cuts to its easing program.
Nelson Peltz, newly named to Mondelez International's board, told CNBC on Tuesday he won't push for a merger of the snack-food maker with PepsiCo.