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Delphi And Other Companies You May Have Forgotten Were Spinoffs
Friday, August 26, 2016 - 11:58am | 489Corporate spinoffs can be done for a number of reasons, but the most common reason is to attempt to unlock shareholder value by simplifying operations. A number of extremely successful companies were once spinoffs. Here’s a look at some spinoffs you may or may not remember. eBay Inc (NASDAQ:...
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Jim Cramer Says Tyson Foods Has Evolved From A 'Commodity Company' To A 'Proprietary Company'
Monday, May 9, 2016 - 11:00am | 275Shares of Tyson Foods, Inc. (NYSE: TSN) hit a new 52-week high of $70.44 Monday morning after the company reported its first quarter results. Tyson Foods said it earned $1.07 per share in the first quarter on revenue of $9.17 billion. Wall Street analysts were expecting the company to earn $0....
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Credit Suisse Notes 3 Pieces Of New Information That Favor Tyson Foods, Inc.
Wednesday, October 1, 2014 - 8:54am | 259Robert Moskow of Credit Suisse upgraded shares of Tyson Foods, Inc. (NYSE: TSN) on Wednesday to Neutral from Underperform with a price target raised to $42 from $38. The analyst noted three distinctive events that justify the upgrade. First, the highly respected consulting firm EMI...
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Markets Little Changed In Low Volume And Slow News Ahead Of Long Weekend
Wednesday, August 27, 2014 - 5:17pm | 2425U.S. stocks were little changed with the S&P 500 closing for the second straight day above the 2,000 mark. Markets were on track for a flat open and volume and volatility remained relatively light throughout the trading session as geopolitical events remain in focus. Israel and Gaza have...
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Ukraine Tension Prominent As Dow Suffers Triple Digit Loss; S&P 500 & NASDAQ Also Lower
Tuesday, August 5, 2014 - 4:46pm | 3092U.S. stocks declined and erased Monday's gains following reports that Russian troops were lining on the borders of Ukraine and preparing for an invasion, according to comments made by Poland's Foreign Minister. “Unfortunately, Russia has restored its combat readiness on the...
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Markets Little Changed Ahead Of 4th Of July Break
Wednesday, July 2, 2014 - 4:34pm | 2100U.S. stocks were little changed despite an ADP jobs report showing better-than-expected numbers. The ADP report comes ahead of the non-farm payrolls due on Thursday. Analysts are expecting the payrolls to confirm 212,000 jobs were added in June. The markets will close at 1:00 p.m. on Thursday...
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3 Top-Performing Consumer Goods Dividend Payers With The Most Upside Potential
Friday, June 20, 2014 - 10:45am | 868Among the top-performing consumer goods stocks over the past six months that pay dividends, analysts believe that Allison Transmission (NYSE: ALSN), Foot Locker (NYSE: FL) and Pinnacle Foods (NYSE: PF) still have some room to run, despite rising more than 15 percent. It is not unusual for stocks on...
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Market Wrap For June 16: M&A Frenzy Keep Indices In Positive Territory
Monday, June 16, 2014 - 4:33pm | 1781U.S. stocks closed the day slightly higher as a mergers and acquisition heavy trading session eased fears over escalating violence in Iraq. The New York Federal Reserve's Empire State index for June showed that business conditions in June rose from May. In fact, June's reading proved...
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Market Wrap For June 9: Markets Higher On St. Louis Fed Comments, Low Volume
Monday, June 9, 2014 - 4:42pm | 2188U.S. markets rose for the fourth straight session as investors positively digested comments coming from the St. Louis Fed. Jim Bullard, the St. Louis Fed chief said that inflation is low but moving back toward the two percent target. As such, Bullard argued that the Federal Reserve Open...
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Tyson To Acquire Hillshire For $7.8 Billion
Monday, June 9, 2014 - 11:28am | 699The Chicago Tribune reported Monday that the largest U.S. meat company, Tyson Foods (NYSE: TSN), agreed to buy Hillshire Brands (NYSE: HSH) for $63 per share in a deal worth $7.8 billion, excluding debt. With the acquisition, Tyson, which outbid Pilgrim’s Pride (NASDAQ: PPC), will...
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#PreMarket Primer: Monday, June 9: Tyson Foods Wins Bidding War For Hillshire
Monday, June 9, 2014 - 6:51am | 1033The bidding war between Tyson Foods and Pilgrim’s Pride to acquire Hillshire Brands came to a head on Sunday after Tyson offered a final bid of $63 in cash per share. The offer values Hillshire at about $7.7 billion and trumps Pilgrim’s bid by almost $1 billion. The deal will be...
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Market Wrap For June 3: Markets Run Out Of Steam
Tuesday, June 3, 2014 - 4:44pm | 2002U.S. stocks were lower with the S&P 500, Dow Jones and Nasdaq indices all ending in the red. In a lackluster trading session with little market moving move, investors are likely sitting on the sidelines until key data will be released later on this week. All eyes will be on Friday's...
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Small Cap Food Stocks May Benefit From The 'Food Frenzy'
Tuesday, June 3, 2014 - 10:27am | 398A recent article in USA Today by Bruce Horovitz, "What's behind the food stock frenzy" focused on the heavy takeover activity in the food sector. Horovitz noted that companies in the sector must buy or be bought, explaining: "Perhaps that's why even giant Tyson Foods got into the melee...
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#PreMarket Primer: Tuesday, June 3: Bidding On Hillshire Ramps Up
Tuesday, June 3, 2014 - 7:08am | 1071The bidding war over Chicago-based meats and desserts company Hillshire Brands Co. heated up after Pilgrim’s Pride Corp increased its acquisition offer by $1 billion. The new offer values Hillshire at $55 per share, a step up from Tyson Foods $50 a share offer on Thursday. If Hillshire...
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Market Wrap For May 30: 'Sell In May And Go Away' Proves To Be Bad Advice
Friday, May 30, 2014 - 4:30pm | 1763U.S. stocks were mostly higher on the final trading day of May, as both the S&P 500 and Dow indices close at record highs, despite disappointing consumer spending data reported on Friday morning. Loretta Mester, the soon to be Cleveland Fed President argued in a speech the importance of...