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J. M. Smucker Co

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  • NEW YORK, July 1- J.M. Smucker Co cut prices for most of its Folgers and Dunkin' Donuts coffee brands sold in the United States by 6 percent, the biggest U.S. roaster said on Wednesday, partially reversing last year's price hikes to woo back customers. The company is the first U.S. roaster to cut prices after a customer backlash following a 9 percent price hike just over a...

  • Smucker cuts Folgers coffee prices after 2014 increase Wednesday, 1 Jul 2015 | 10:38 AM ET

    NEW YORK, July 1- J.M. Smucker Co cut prices for most of the Folgers and Dunkin' Donuts coffee brands sold in the United States by 6 percent, the biggest U.S. roaster said on Wednesday, after a price hike last year led to a loss of market share. In June, Smucker raised list prices on most of its U.S. packaged coffee by roughly 9 percent for the first time in three years because a...

  • Smucker cuts price of Folgers, other coffee products Wednesday, 1 Jul 2015 | 8:33 AM ET

    NEW YORK— The J. M. Smucker Co. is cutting prices for the majority of its coffee products sold in the U.S., including Folgers and Dunkin Donuts brand coffee sold in stores. Dunkin Donuts coffee is licensed to Smucker for sale in stores. Smucker's shares rose 59 cents to $109 in premarket trading.

  • *Full-year profit forecast $5.65- $5.80/ shr vs est. *Fourth-qtr adjusted profit $0.98/ share vs est. June 4- J.M. Smucker Co reported a lower-than-expected quarterly profit, hurt by higher green coffee costs, and the company said it was offering discounts on its Folgers coffee to revive sales volumes, which plunged after price hikes last year.

  • *Weekly jobless claims fall to 276,000 vs est 279,000. June 4- U.S. stocks rebounded after the International Monetary Fund warned that the U.S. Wall Street was pressured earlier in the day due to a persistent selloff in the global bond market and a sharp fall in U.S. nonfarm productivity in the first quarter.

  • *No resolution as yet on Greece debt crisis. June 4- U.S. stock futures, weighed down by a selloff in global bond markets, trimmed some losses after weekly employment data showed U.S. jobless claims fell more than expected. Initial claims for state unemployment benefits dropped to 276,000 for the week ended May 30.

  • June 4- J.M. Smucker Co reported a lower-than-expected quarterly profit, hurt by higher green coffee costs and lower U.S. demand for its Folgers coffee after it raised prices. Sales in Smucker's U.S. coffee retail business fell 1 percent in the fourth quarter, the 10th straight quarter of decline, as demand was weak for its Folgers and Dunkin' Donuts packaged coffee.

  • US STOCKS-Futures fall on global bond selloff Thursday, 4 Jun 2015 | 7:18 AM ET

    *The European Central Bank's insistence on Wednesday that there was no need to adjust monetary policy in the face of volatility also rattled financial markets. *The Greece stand-off continued with Greek Prime Minister Alexis Tsipras emerging from late-night talks with senior EU officials in Brussels saying a deal with creditors was "within sight," but...

  • June 4- J.M. Smucker Co reported a quarterly loss, hurt by higher green coffee costs and lower U.S. demand for its coffee products after it raised prices. The company, also known for its Jif peanut butter, reported a net loss of $90.3 million, or 82 cents per share, for the fourth quarter ended April 30 compared with a profit of $118.5 million, or $1.16 per share, a year...

  • Subject of Internet debate turns 28 years old Thursday, 28 May 2015 | 1:42 PM ET
    Internet trends

    Twenty-eight years ago this Thursday, the GIF was created by Steve Wilhite of CompuServe.

  • NEW YORK, May 6- Keurig Green Mountain will begin purchasing green coffee out of its new Switzerland office in June, a spokeswoman told Reuters on Wednesday, a move that has prompted a reshuffling of the coffee buying team of the largest U.S. roaster by sales. Late last year, Reuters reported that the Waterbury, Vermont- based coffee roaster and brewing technology...

  • This year, the U.S. dollar's relentless rise has forced some retailers in Europe and Canada to hike coffee prices, caving in to severe cost pressure even as concerns grow about declining demand. Germany's second-largest coffee roaster, Tchibo, raised prices on some of its 500 gram units by 20- 30 euro cents on March 2, spokesman Arnd Liedtke said.

  • Merger Monday is back: What to buy Monday, 30 Mar 2015 | 11:44 AM ET

    This year is on track to surpass the record set in 2014 for M&A. "Merger Monday" is back. Here's how to trade it.

  • What to buy off the Kraft-Heinz merger Wednesday, 25 Mar 2015 | 8:41 AM ET
    Kraft Singles with new packaging

    Kraft Foods Group and H.J. Heinz agreed to pair up in a deal that will form a combined company with $28 billion in revenue. Here's how to trade it.

  • Hottest dividend stocks of 2015 Tuesday, 24 Mar 2015 | 2:58 PM ET
    A trader works on the floor of the New York Stock Exchange.

    CNBC screened the large cap S&P 500 index to see where the hottest parts of the dividend stock market have been.

  • US stocks close narrowly mixed as energy, data weigh Thursday, 26 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange in New York City.

    U.S. stocks closed narrowly mixed, with stocks near recent highs, as lackluster economic data and oil concerns weighed on investor sentiment.

  • Feb 26- Dunkin' Brands Group Inc said on Thursday that its Dunkin' K-Cups will be available online and across retail stores in North America, a move that expands the doughnut chain's brand in the single-serve coffee market amid growing competition. Dunkin' K-Cups are available at present only in Dunkin' Donuts restaurants in the United States.

  • Wall Street eyes mostly weak data Thursday, 26 Feb 2015 | 8:41 AM ET
    Trader on the floor of the New York Stock Exchange.

    U.S. futures trimmed gains on mostly weak U.S. data but still signaled a mildly higher open as investors welcomed comments from Yellen's speech.

  • Early movers: SHLD, KSS, DNKN, TMUS, C & more Thursday, 26 Feb 2015 | 8:04 AM ET

    Some of the names on the move ahead of the open.

  • Feb 26- Dunkin' Brands Group Inc said its Dunkin' K-Cup packs would now be available online and across retail stores in North America through an expanded agreement with J.M. Smucker Co and Keurig Green Mountain Inc. Dunkin' Brands said the K-Cup packs will be sold online by various retailers starting spring. Dunkin' Brands also said it had reached a profit sharing...