Industrials

Hershey Topples Estimates as 1Q Profit Sweetens

The Hershey, Pa.-based maker of chocolate and confectionery products posted net income of $160 million, or 70 cents a share, compared with $147.4 million, or 64 cents a share, in the same quart last year.

Kraft 1Q Beats the Street, Lowers Outlook

The maker of Cadbury chocolate reported a better-than-expected profit but cut its full-year outlook to reflect the loss of its contract to distribute Starbucks coffee in U.S. supermarkets.

Takeda to reveal purchase of Nycomed Wednesday

TOKYO (Reuters) - Takeda Pharmaceutical Co , Japan's largest drugmaker, will announce the 1 trillion yen ($12 billion) purchase of closely held Swiss rival Nycomed on Wednesday as it seeks to expand in Europe and emerging markets, Japanese business daily Nikkei reported.