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Sysco Corp

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  • May 4- Sysco Corp reported a lower-than-expected quarterly profit, hurt by higher costs and a strong dollar, a day before hearing begins on the Federal Trade Commission's motion to block the company's acquisition of rival US Foods Inc.. Sysco, the no. 1 U.S. food distributor, said on Monday that higher prices of meat, dairy and poultry products, expenses related to...

  • Sysco's profit falls as meat, poultry costs rise Monday, 4 May 2015 | 8:14 AM ET

    May 4- Sysco Corp, the no. 1 U.S. food distributor, reported a 2 percent fall in quarterly profit, hurt by a rise in meat and poultry prices, a strong dollar and higher expenses. Sysco, whose proposed $3.5 billion deal to buy smaller rival US Foods Inc is facing opposition from the Federal Trade Commission, said net income fell to $177 million, or 30 cents per share, in the...

  • Sysco misses Street 3Q forecasts Monday, 4 May 2015 | 8:07 AM ET

    HOUSTON _ Sysco Corp. on Monday reported fiscal third-quarter net income of $177 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. Sysco shares have declined slightly more than 6 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more...

  • Jobs report is big but watch out for Europe Friday, 1 May 2015 | 7:21 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • WASHINGTON, April 24- Comcast Corp's failed bid to buy Time Warner Cable Inc is the latest muscle flex by U.S. antitrust enforcers and will likely deter chief executives from pursuing aggressive transactions as a way to spend excess cash. Comcast, which had barely convinced regulators to allow it to buy NBC Universal four years ago, folded under pressure from the...

  • The sealed memorandum was one of many documents that Sysco has filed in its fight with the Federal Trade Commission's over whether it can merge with No. 2 US Foods. "In one instance, the FTC claims Sysco and US Foods would control 100 percent of the market in San Diego. The U.S. government filed a lawsuit in February seeking to block Sysco's $3.5 billion takeover of US...

  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco, the largest U.S. food distributor, unveiled its plan to buy US Foods, the second-largest, in December 2013. The U.S. government filed a lawsuit in February seeking to block...

  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco said it filed the memorandum on Tuesday in the U.S. Federal District Court for the District of Columbia, opposing the FTC's motion for preliminary injunction against the...

  • 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.

  • Cramer Remix: This stock is on a run Friday, 20 Feb 2015 | 7:01 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer on a hot stock that just won’t stop.

  • WASHINGTON, Feb 20- Sysco Corp is not holding settlement talks with the U.S. government to resolve a lawsuit aimed at stopping a $3.5 billion merger of the food distributor and its largest rival, a lawyer for Sysco said on Friday. The Federal Trade Commission has filed a complaint aimed at blocking Sysco's purchase of U.S. Foods Inc. The FTC said the deal would give...

  • NEW YORK/ WASHINGTON, Feb 19- The U.S. government filed a lawsuit on Thursday seeking to block Sysco Corp's proposed takeover of rival food distributor US Foods Inc, saying the $3.5 billion deal would "eliminate significant competition" in the sector. Sysco's share price was down 3.4 percent for the day, initially on concerns that the Federal Trade Commission was...

  • Sysco to contest FTC's attempt to block merger   Thursday, 19 Feb 2015 | 3:37 PM ET
     Sysco to contest FTC¿s attempt to block merger

    Sysco says it will fight the FTC's attempt to block its U.S. Foods merger, reports CNBC's Dominic Chu.

  • NEW YORK/ WASHINGTON, Feb 19- The U.S. government filed a lawsuit on Thursday seeking to block a merger of the nation's two largest food distributors, US Foods Inc and Sysco Corp, which said it will fight the Federal Trade Commission action. Sysco and US Foods unveiled their $3.5 billion deal in December 2013. The FTC announcement sent Sysco's stock price lower, with...

  • UPDATE 1-FTC sues to block Sysco-US Foods merger Thursday, 19 Feb 2015 | 2:29 PM ET

    NEW YORK/ WASHINGTON, Feb 19- The Federal Trade Commission said on Thursday it has filed a lawsuit seeking to block a merger of Sysco Corp and US Foods Inc. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013. The tie-up has been controversial because Sysco and US Foods are the...

  • U.S. sues to stop proposed merger of Sysco, US Foods Thursday, 19 Feb 2015 | 2:15 PM ET

    WASHINGTON, Feb 19- U.S. antitrust regulators filed a lawsuit on Thursday aimed at stopping food distribution giant Sysco Corp from purchasing smaller rival US Foods, the Federal Trade Commission said on Thursday. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013.

  • Feb 19- The U.S. Federal Trade Commission is expected to file a lawsuit as early as Thursday seeking to block a merger of Sysco Corp and U.S. Foods, according to a person briefed on the matter. Representatives for the Federal Trade Commission declined to comment. Sysco and U.S. Foods did not immediately respond to requests for comment.

  • Lightning Round: This stock needs to split up Tuesday, 10 Feb 2015 | 7:31 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Treasurys edge lower after spending, ISM data Monday, 2 Feb 2015 | 3:17 PM ET

    U.S. Treasury bond yields continued to decline, after benchmark 10-year notes broke below the key 1.7 percent mark on Friday.

  • ExxonMobil earnings and ISM eyed on Wall Street Monday, 2 Feb 2015 | 8:27 AM ET

    U.S. stock index futures pointed to a higher open on Monday, ahead of the last heavy week of earnings season.