Fox Business - The Power to Prosper
Search Site

Wednesday, April 7, 2010 as of 11:14 AM ET

Del Monte Foods

    Del Monte Corporation, doing business as Del Monte Foods, is an American food production and distribution company headquartered in One Maritime Plaza, San Francisco, California.

    Read More at Wikipedia ›

    Related Topics

    1. Dean Foods
    2. Kohlberg Kravis Roberts
    3. Dole Food
    4. Whole Foods Market
    5. John Mackey
    6. Hormel Foods
    Get updates on Del Monte Foods
    Smart Money: Top hedge funds' fresh commodity bet is plastics

    By Jennifer Ablan and Al YoonNEW YORK (Reuters) - "Just one word .

    .. plastics."That well-known line from the classic 1967 movie "The Graduate" may sum up the recent investment strategy of some top hedge fund managers, including James Dinan and David Einhorn.A wave of managers snapped up shares of LyondellBasell Industries <LYB.N>, which makes chemicals like propylene and polyethylene, the stuff that goes into plastics.The popularity of plastics and raw materials signals that hedge funds are diversifying commodity bets beyond gold, the darling of 2010 returning 30 percent, as inflationary pressures seep into food and energy.Top hedge funds' bets on LyondellBasell and other raw materials producers like Penn West Petroleum <PWT.TO> and Repsol YPF SA <REP.MC> suggest investors are seeking out commodity-related plays as the global economy wiggles out of a bruising recession.LyondellBasell -- the third-largest chemical maker in the United States -- was certainly hurt by the downturn, declari...

    Read More ›

    1. KKR in Talks to Buy Del Monte Foods

      Private equity firm Kohlberg Kravis Roberts & Co is in advanced talks to buy Del Monte Foods, two sources familiar with the situation said Thursday.Del Monte offered...

    2. GM, Ireland Steer Bulls Back onto Wall Street

      FOX Business: The Power to ProsperThe clouds that had been hovering over the markets finally broke on Thursday as strong demand for GM’s IPO and signs of a bailout f...

    3. Stocks Unfazed by Looming Jobs Friday

      There's No Business Like FOX BusinessWall Street displayed virtually no jobs jitters on Thursday as the bulls used a string of decent economic indicators and improve...

    4. Del Monte CEO: Consumers Focused on Value

      Del Monte Foods CEO Richard Wolford on the company's consumer and pet products.

    5. Del Monte CEO: Cost Cutting a Key Objective

      Del Monte Foods Chairman and CEO Rick Wolford says cost cutting is a key element of the company's culture.

    1. Merger Lawsuits Increase as Do Legal Fees

      Lawyers are pushing for a $4.5 million fee for their work for investors challenging a corporate merger. The recovery for shareholders? Probably zero.The requested fe...

    2. S&P Cuts Del Monte's Rating To 'B+'

      SAN FRANCISCO -- Standard & Poor's Ratings Services lowered Del Monte Foods Co.'s to B+ from BB ahead of its acquisition by Kohlberg Kravis Roberts & Co., Vestar Cap...

    3. Black Friday Ends Red for Stocks as Portugal Looms

      FOX Business: The Power to ProsperApparently the bulls didn’t get the memo that Wall Street was open for business on Black Friday. Spooked by reports that Portugal c...

    4. Ford Expands Dealers in China

      FBN's Connell McShane on the auto maker's expansion of its dealer network in China.

    5. Retailers Kick off Black Friday

      FBN's Connell McShane on the outlook for shopping this Black Friday.

    6. Del Monte to be bought by KKR-led group: source

      By Megan Davies and Jessica HallNEW YORK/PHILADELPHIA (Reuters) - A group led by Kohlberg Kravis Roberts & Co <KKR.N> plans to acquire Del Monte Foods Co <DLM.N> for...

    7. Markets Squeeze Out Mini Rally

      FOX Business: The Power to ProsperAfter a week of ups and downs, Wall Street eked out mini gains on Friday as the markets managed to mostly shrug off the latest effo...

    Freebase CC-BY
    Source: Del Monte Foods on Freebase, licensed under CC-BY
    Other content from Wikipedia, licensed under the GFDL