Investors will look past the big drop in the market recently as long-term momentum is gaining steam, says Nasdaq exec Miguel Santisteve.» Read More
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.