Food prices are on the rise. It's a safe bet consumers won't like higher costs and the same seems to go for food-related company stocks as well.» Read More
WASHINGTON, April 9- The U.S. Senate on Wednesday overwhelmingly approved the nomination of Justice Department official Terrell McSweeny to be the third Democratic commissioner on the five-member Federal Trade Commission. "We are delighted that the Senate has confirmed Terrell McSweeny to serve as an FTC Commissioner.
U.S. stock index futures were mildly up on Monday, ahead of the publication of January's manufacturing ISM index.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
Cramer believes there’s always opportunity in the market. You simply have to know where to look.
WASHINGTON, Jan 31- The antitrust battle over whether food giant Sysco Corp will be allowed to buy rival US Foods Inc will likely focus on whether the merger will drive up costs for thousands of restaurants, hospitals and hotels that they supply on nationwide contracts.
You may be inclined to wait for the economy to pick up before buying this stock. Cramer, however, wouldn’t do that.
Some of the names on the move ahead of the open.
WASHINGTON, Jan 16- Florida, Indiana and other U.S. states are reviewing food distributor Sysco Corp's proposed deal to buy rival US Foods Inc, offices of state attorneys general said on Thursday.
As chatter about Fed tapering intensifies, Jim Cramer looks for signs of fundamental strength.
NEW YORK, Dec 9- U.S. stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S. central bank would soon begin winding down its economic stimulus. The Dow industrials traded within 43.11 points from session high to intraday low, in the Dow's tightest daily range since Aug. 17, 2012.
U.S. stocks closed higher for a second session on Monday as Wall Street weighed moves by the Fed.
NEW YORK, Dec 9- U.S. stocks advanced modestly on Monday after positive Chinese trade and inflation data, while remarks by top Federal Reserve officials about the outlook for slowing the Fed's stimulus had little impact on the market.
Jeffrey Lacker, the president of the Federal Reserve Bank of Richmond, will speak at an economic outlook conference in Charlotte, North Carolina, at 12:30 p.m.. St. Louis Fed Bank President James Bullard will also speak on the economy in St. Louis in the afternoon, and Dallas Fed Bank President Richard Fisher will speak in Chicago in the evening.
FMHR trader Jon Najarian predicted a big move in Sysco. Najarian thinks "something leaked" after seeing options in the stock explode.
some of Monday midday movers:
NEW YORK, Dec 9- Wall Street rose modestly on Monday after Chinese inflation data eased worries about policy tightening there, while investors were cautious before speeches on the economy by four top Federal Reserve officials. Richmond Fed Bank President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 p.m..
What's the theme for 2014? It's still murky, but I'm increasingly warming to the idea of a synchronized but low-key global recovery.
Sysco said it would buy rival US Foods for about $3.5 billion, creating a company with about $65 billion in annual revenue.
NEW YORK, Dec 9- Wall Street was set for a slightly higher open on Monday, supported by inflation data from China but gains were likely to be capped with a number of top Federal Reserve officials lined up to speak throughout the day.
Dec 9- Sysco Corp said it would buy rival US Foods Inc for about $3.5 billion and assume about $4.7 billion in debt to cement its position as the biggest U.S. food distributor, driving up Sysco's shares 30 percent before the bell.