US stocks closed an uneasy session lower as investors, uncertain if the worst of the credit crisis is over, refrained from extending Tuesday's huge advance.
Spice maker McCormick said Wednesday it agreed to buy the Lawry's business from Unilever Group for $605 million in cash, in order to add wet marinades to its portfolio of dry spices.
Consumer goods giant Unilever reported a 4.5 percent rise in third-quarter underlying sales on Thursday, and said it was confident of meeting its sales and profit margin targets for 2007.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Household products makers like Procter & Gamble, Colgate-Palmolive and Unilever are expected to post double-digit quarterly earnings increases next week, but soaring oil prices could imperil future growth.
Nestle said it would plough profits into a $21 billion share buyback program and shun major acquisitions as pricing power helped it outmuscle soaring input prices to post a forecast-beating earnings rise.
There are products consumers buy no matter which way the markets go, and Unilever is one of the best ways to play the trend.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Consumer goods giant Unilever beat forecasts with a 5.8% rise in quarterly underlying sales, and said it now expected sales growth for the full year at the upper end of its 3% to 5% target range.
Hindustan Unilever, India's top consumer goods maker, on Sunday reported a better-than-expected 29% rise in second-quarter net profit and said it would spend up to $156 million on its first ever share buyback.
Shares in Unilever rose more than 4% Wednesday on speculation in the market about Colgate-Palmolive being interested in all or part of the consumer products maker.
Danone shares fell on Tuesday after the French food group unveiled its planned acquisition of Numico for 12.3 billion euros ($16.8 billion) - a high price for its Dutch rival, analysts said.
The recent wave of M&A and private equity has missed the larger packaged food manufacturers, but the sector remains on the radar screen of private equity players, who could be poised to begin a new round of deal-making.
Nestle, the world's largest food company, posted a 6.4% increase in sales for the first quarter to 24.25 billion Swiss francs ($20.11 billion), ahead of expectations.
Stocks look mixed to weaker ahead of the opening after yesterday's Dow rise into record territory reversed course, leaving the key index flat on the day. Early focus this morning is on the European Central Bank's rate decision and then retailers' January sales reports could help drive sentiment.
He's appeared on countless book covers, traveled the world as a model and as product spokesman for Unilever. On top of that, he’s starred in movies, TV shows and commercials – and still he says “I Can't Believe It's Not Butter. On this morning’s "Squawk Box," Fabio dropped by to talk about his latest product launch.
When it's time to make a commercial--companies usually go to Madison Avenue to dream up a catchy ad. But that idea may soon be old school. CNBC's Darren Rovell told the "Squawk Box" team about the new idea for the upcoming Super Bowl--letting the public make up the ad.