Market Watch (Free subscription) | 07/02/2008
U.S. stock futures pointed to a second day of gains, with Starbucks seen rising on a plan to slash jobs and Yahoo seen advancing on a report that Microsoft, again, is looking for a way to buy it.
Market Watch (Free subscription) | 07/02/2008
LONDON (MarketWatch) -- Deutsche Bank upgraded jelly and peanut butter maker J.M. Smucker Co. to buy from hold, citing valuation and the potential for improved cash flow from its acquisition of the Folgers coffee brand. Sales could also get a boost from increasingly price-sensitive consumers, the broker said. "With economic pressure, U.S. consumers are eating out less and cooking at home more. Although...
Obi's Sister (Free subscription) | 06/20/2008
My grandmother is rolling her grave on this one. White Lily Flour factory closing (Elizabeth Lee/AJC) By the end of the month, White Lily Flour, for more than 100 years a staple for biscuits, cakes and pies, will no longer be made in the South. The flour has been made in the same Knoxville, Tenn., factory for 125 [...]
The Glittering Eye (Free subscription) | 06/20/2008
From Glenn Reynolds I hear that White Lily Flour will no longer be made in the South: By the end of the month, White Lily Flour, for more than 100 years a staple for biscuits, cakes and pies, will no longer be made in the South. The flour has been made in the same Knoxville, Tenn., factory [...]
Cincinnati Enquirer (Free subscription) | 06/20/2008
Jams and jellies producer J.M. Smucker Co. said its fourth-quarter earnings fell on higher raw-material costs and a comparison with year-ago results, when its Jif peanut butter got a lift amid a competitor's problems.
Star Tribune (Free subscription) | 06/20/2008
Circuit City Stores Inc. said Thursday its loss widened in the first quarter because of an 11.3 percent drop in sales at established stores.The nation's second-largest electronics retailer also said it expects a bigger second-quarter loss than analysts are expecting and said it is suspending its dividend to keep capital available for its turnaround efforts.Richmond, Va.-based Circuit City reported...
Detroit Free Press (Free subscription) | 06/20/2008
Continental Airlines says it is forming an alliance with United Airlines to link their networks and services worldwide, hoping to offset rising fuel costs. Also: Smuckers, Circuit City, China's gas prices.
Seeking Alpha (Free subscription) | 06/19/2008
The J.M. Smucker Company (SJM) F4Q08 Earnings Call Complete Story ยป
Boston Globe (Free subscription) | 06/19/2008
Among the earnings stories for Thursday, June 19, from AP Financial News: Top stories:
The Business First of Columbus (Free subscription) | 06/19/2008
A flurry of acquisitions in the past fiscal year bolstered top- and bottom-line gains for J.M. Smucker Co. despite a fourth-quarter dip in profit, the company told investors Thursday. (SJM)
Business Week (Free subscription) | 06/19/2008
Stock in the news Thursday
Law Blog - WSJ.com (Free subscription) | 06/19/2008
J.M. Smucker posted a 13% decline in fourth-quarter net income as restructuring costs and lower margins hurt results.
Market Watch (Free subscription) | 06/19/2008
NEW YORK (MarketWatch) -- The J.M. Smucker co. said Thursday that it earned $37.1 million, or 67 cents a share, compared to $42.5 million, or 75 cents, a year ago. Sales rose 20% to $590.0 million. The acquired Eagle businesses contributed $42.5 million and acquisitions in total added $59.9 million in net sales during the quarter for the Orrville, Ohio-based fruit-spread company. Shares fell 1% yesterday...
Joe Pastry (Free subscription) | 06/18/2008
It seems the initial fears over the purchase of the White Lily flour company by the J.M. Smucker company were justified. By the end of the month the historic White Lily Mill in Knoxville, Tennessee will shut its doors for good. It seems insane that in a day where the food world is on fire for unique, locally produced foods and ingredients, Smucker would do such a thing. I suppose the fact that soft...
PR News Wire (Free subscription) | 06/16/2008
One grand prize winner will win a family trip to Walt Disney World(R) Resort ORRVILLE, Ohio, June 16 /PRNewswire/ -- As a family-run company that has passed down time-honored recipes for the past four generations, the makers of Smucker's(R) jams, jellies and preserves would like to help other families across the country keep their traditions and family-favorite recipes alive and encourage them to...
