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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
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Thursday, July 24, 2008
TreeHouse Foods Announces Organizational Changes as Planned Part of Bay Valley Foods Integration
Comtex
WESTCHESTER, Ill., July 24, 2008 /PRNewswire-FirstCall via COMTEX/ ----TreeHouse Foods, Inc. (NYSE: THS) today announced that as part of its continuing integration of Bay Valley Foods, Harry J. Walsh, 52, has been appointed President of that operating company. Mr. Walsh has been Senior Vice President - Operations of TreeHouse. Mr. D. Joe Coning, 61, leaves the post of President of Bay Valley Foods to assume the position of Senior Vice President - Supply Chain at the TreeHouse corporate office. These management changes are effective immediately.
"The organizational changes enable us to effectively complete the integration of recent acquisitions, maintain operating focus and continue the strategic evolution of our operations into a more powerful private label, foodservice and industrial business platform," said TreeHouse Chairman and CEO Mr. Sam K. Reed. "Harry Walsh has demonstrated great leadership directing the integration of E.D. Smith into the Bay Valley operations. His previous successful general management experience and intimate knowledge of Bay Valley Foods make him ideally suited to lead the Bay Valley Foods team. Joe Coning has done an outstanding job leading Bay Valley as we doubled its size and expanded its portfolio to soup, salsa and salad dressing. Joe will bring his extensive Bay Valley Foods operating experience to lead our ongoing strategic assessment of our supply chain and the evolution of our manufacturing and logistics platform."
In conjunction with these changes, management's focus at Bay Valley Foods will narrow to concentrate on go-to-market, operations, procurement and margin improvement, as other administrative duties are transferred to TreeHouse corporate. The goal is to consolidate administrative support, such as IT and Human Resources, at the corporate TreeHouse level.
TreeHouse is a food manufacturer servicing primarily the retail grocery and foodservice channels. Its products include non-dairy powdered coffee creamer; private label soup, salad dressings and sauces; salsa and Mexican sauces; jams, jellies and pie fillings under the E.D. Smith brand name; pickles and related products; infant feeding products; and other food products including aseptic sauces, refrigerated salad dressings, and liquid non-dairy creamer. TreeHouse believes it is the largest manufacturer of pickles and non-dairy powdered creamer in the United States based on sales volume.
SOURCE TreeHouse Foods, Inc.
http://www.treehousefoods.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Sunday, 07-20-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 07-14-2008 for THS @ $26.12. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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