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#PreMarket Primer: Wednesday, May 28: Poroshenko Moves To End Pro-Russian Rebellion
Wednesday, May 28, 2014 - 7:04am | 1163Newly elected Ukrainian President Petro Poroshenko looked to be making good on his promise to quash the pro-Russian rebellion in the nation's eastern region after he ordered an airstrike in the Donetsk region. More than 50 separatist rebels have been reported dead with evidence of heavy...
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Market Wrap For May 27: S&P 500 Closes At New Record High After Holiday Weekend
Tuesday, May 27, 2014 - 4:48pm | 1979U.S. stocks rose on a light volume trading session following a three day weekend. Regardless, the S&P 500 index hit a new intraday all time high of 1,912.28. Tuesday's trading session saw the release of mostly positive economic data including durable goods and the S&P/Case-Shiller...
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Hillshire Brands' Shares Spike In #PreMarket Trading
Tuesday, May 27, 2014 - 8:22am | 237Pilgrim Pride (NASDAQ: PPC) announced Tuesday morning a proposal to acquire Hillshire Brands (NYSE: HSH) in an all-cash transaction valued at $6.4 billion. Pilgrim's CEO William Lovette commented, "Our proposal creates considerable value for the shareholders of both Pilgrim's and Hillshire."...
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Market Wrap For May 13: Markets Close Again At Record Highs
Tuesday, May 13, 2014 - 4:36pm | 2460U.S. stocks were mixed as a positive measurement of small business sentiment offset a disappointing retail data set. Following Monday's action, the S&P 500 and Dow indices not only traded at new historical-all time highs, but closed at record highs. In fact, the S&P 500 briefly traded...
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Market Wrap For May 12: Dow And S&P Close At Record Highs
Monday, May 12, 2014 - 4:37pm | 2248U.S. stocks rose as both the Dow and S&P 500 indices closed at record highs. With over 90 percent of S&P 500 companies reported earnings, investor focus has shifted to renewed merger and acquisition activity that provides a higher level of confidence that the economy is expanding. The...
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Hillshire Brands Acquires Pinnacle Foods
Monday, May 12, 2014 - 9:03am | 330The Hillshire Brands Company (NYSE: HSH) and Pinnacle Foods (NYSE: PF) on Monday announced that they have an entered an agreement for Hillshire Brands to acquire all shares of Pinnacle Foods in a cash and stock transaction. This acquisition was unanimously approved by the board of directors...