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Heinz reports lower revenue, higher net income

2015-05-11 01:52:29| Food - Topix.net

Packaged foods giant H.J. Heinz Co., which is merging with Kraft Foods Group Inc., reported a 12% drop in revenue in the first quarter hurt by foreign currency exchange rates and inventory buildup in the year-ago period. Heinz, owned by Brazilian private-equity firm 3G Capital Partners LP's, shipped safety stock to retailers ahead of the launch of its data-analytic push in North America in the second quarter of 2014.

Tags: net reports lower higher

 

Monsanto Needs to Decide If Laggard Syngenta Warrants Higher Bid

2015-05-10 02:57:36| Chemicals - Topix.net

Monsanto Co.' s rejected $45 billion bid for Syngenta AG forces the suitor to ask itself the same hard question as disappointed shareholders of the target company: is the Swiss maker of agrochemicals really worth more? Before the offer was unveiled on Friday, investors suffered a 2.9 percent drop in Syngenta's share price over the last 12 months as the Swiss company struggled to keep pace with peers.

Tags: higher decide bid warrants

 
 

Calgon Carbon posts strong 1Q with higher sales, net income

2015-05-07 16:46:11| Chemicals - Topix.net

Calgon Carbon Corp. reported first-quarter 2015 net income of $11.1 million, or 21 cents per share, up from $9.8 million, or 18 cents per share, last year. Net sales increased by 3 percent, from $131.6 million to $135.7 million.

Tags: net sales posts strong

 

Loblaw president says weak dollar means higher prices at the grocery store

2015-05-06 20:38:03| Grocery - Topix.net

Customers shopping for groceries should prepare to pay more as stores pass on the rising costs of the weak Canadian dollar, Loblaw Companies president Galen Weston Jr. said Wednesday. In a corporate earnings call, Weston said international suppliers are putting pressure on the company to raise prices to offset the fall in the Canadian dollar, which has lost more than a 10th of its value against the greenback since July 2014.

Tags: means store prices higher

 

Banks Struggle to Push Mortgage Originations Higher

2015-05-06 14:00:00| National Real Estate Investor

Rising acquisition volumes and the return of development should spell good news for bank lenders. But stiff competition is taking some of the wind out of the sails of bank loan production. read more

Tags: higher mortgage banks push

 

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