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Market Trends

  • Diverse Groups Unite to Oppose Nestle's Merger With Ralston Purina

    A diverse group of antitrust experts, national consumer organizations and major farm groups have joined forces to announce their opposition to Nestle's $10.1 billion merger with Ralston Purina. If regulators approve the deal, Swiss-based Nestle would become the world's biggest pet food company and control roughly 45 percent of the $7 billion U.S. pet food market.

  • VoiceFlash Networks and VeriFone to Explore Mobile E-Commerce Solutions

    VoiceFlash Networks Inc. announced today that the company has signed a memorandum of understanding with VeriFone Inc., to explore the viability of cooperating in the development of retail mobile commerce products.

  • Chiquita in Q2 Loss

    (Reuters) - Chiquita Brands International Inc., the No. 1 banana producer, on Tuesday reported a second-quarter loss due to weak European currencies, higher production costs and lower canned vegetable prices.

  • Wrigley Earnings Up

    (Reuters) - Wm. Wrigley Jr. Co., the world's largest chewing gum maker, said on Tuesday that second-quarter earnings rose 8.6 percent, as growth in shipments and better margins offset higher marketing costs and pressure from weak European currencies.

  • McDonald's Profits Lower Again

    (AP) - Concerns about beef safety in Europe sent McDonald's Corp.'s [NYSE:MCD - news] profits lower for a third straight quarter.

  • PepsiCo Inc. Acquires Tasali Foods, Saudi Arabia's Leadnig Snack Maker

    (PRNewswire) - PepsiCo Inc. said today it completed its previously announced plan to acquire Tasali Snack Foods, the leader of the Saudi Arabian salty snack market, from Savola Snack Foods.

  • Colgate-Palmolive Second-Quarter Net Up

    (Reuters) - Consumer products maker Colgate-Palmolive Co. said today that its second-quarter net income rose 9.6 percent as higher margins offset the effects of weak foreign currencies that led to flat sales.

  • Ralston Purina Q2 Earnings Jump on Strong Sales

    (Reuters) - Ralston Purina Co., the largest U.S. pet food maker, said on Monday that fiscal third-quarter net earnings rose nearly 27 percent, driven by firm sales volumes in all segments of its business and lower interest expenses.
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