Smucker 3Q Net Down 2.6%; Prices Increases Help Top Line
J.M. Smucker Co.'s (SJM) fiscal third-quarter earnings slipped 2.6% on restructuring and merger charges, while higher sales in the company's large coffee business boosted revenue and adjusted earnings.
P&G to Move Skin Care, Cosmetics Group to Singapore
P&G will move its skincare, personal care and cosmetics business to Singapore from Cincinnati to tap Asia’s burgeoning market.
Caterpillar Sells 65% Stake in Logistics Business for $750M
Caterpillar has agreed to sell sell 65% of its wholly-owned third-party logistics business to Platinum Energy for $750 million.
Monsanto Hikes Outlook as Seed Sales Impress
Energized by jumping seed and herbicide sales, Monsanto upped its full-year earnings guidance well above Wall Street’s expectations.
Booz Allen 4Q Tops Views, Reveals Special Dividend
Booz Allen Hamilton beat the Street by revealing surging fiscal fourth-quarter earnings, prompting the consulting company to unveil a special cash dividend.
Interline Inks $812M Takeover From Pair of Private Equity Firms
Interline Brands announced an $812 million leveraged buyout on Tuesday from GS Capital Partners and P2 Capital Partners that will take the industrial products distributor private.
Interline Brands to Go Private for $812M
Goldman Sachs Capital Partners and P2 Capital Partners will buy Interline Brands in a deal valued at about $811.9 million.
Kraft Shareholders Give Nod to Mondalez Snack Name
Kraft shareholders have agreed to name the company's global snacks business Mondelez International when it completes the spin-off.
Hormel Foods 2Q Grows 14%, Tops Street
Hormel Foods reported stronger-than-expected second-quarter profit on Wednesday, led by sales of Jennie-O Turkey and international growth.
General Mills Axes 850 Global Jobs
General Mills said it would cut some 850 jobs and implement other cost savings in an effort to better tackle rising commodity costs.
Glencore Takes Control of Mutanda With $480M Deal
Glencore has taken majority control of its fast-growing copper operation in Congo with deals worth $480 million.
CLSA Ups Pepsi, Sees Better Odds of Split
PepsiCo was upgraded to outperform from underperform by CLSA, as it saw chances for a break-up improve following news that activist investor Ralph Whitworth snagged a stake in the soda and snacks giant.
Deere 2Q Tops Street, Raises Outlook as Farm Demand Grows
The world's largest farm equipment maker, Deere reported higher quarterly earnings that topped estimates and lifted its full-year outlook.
Pepsi Board OKs 4% Dividend Hike
Pepsi lifted its annual dividend by 9 cents a share on Wednesday just days after reporting a stronger-than-expected first-quarter profit.
Eaton Scoops up Cooper Industries for $11.8B
Eaton will buy electrical equipment supplier Cooper Industries for $11.8 billion to grow its power business and further expand its global reach.
Tyson Foods 2Q Profit Tops Street, Upbeat on 2012
Tyson Foods posted a stronger second-quarter profit Monday that beat Wall Street expectations and said it expects to gain momentum heading into the second half of fiscal 2012.
ITT's 1Q Results Surpass Forecasts; Guidance Maintained
Conglomerate ITT disclosed a 98% plunge in first-quarter earnings due to spinoff costs, but the company’s adjusted profits easily surpassed Wall Street’s expectations.
Sara Lee Cooks Up Disappointing 3Q Profit, Shares Fall
Sara Lee reported a worse-than-expected decline in quarterly profit on Thursday, as earnings across its business segments declined despite sales growth.
3M, Avery Remain Committed to Transaction
The makers of Post-Its and labels remain dedicated to striking a deal despite antitrust concerns.
Tyco to Pay $13M to Settle Bribery Case
The U.S. Securities and Exchange Commission on Monday charged Tyco International with violating an anti-foreign bribery law.









