PepsiCo Inc. (NYSE:PEP), the world's largest snack-food maker, is projected to report stronger fourth-quarter profit as PepsiCo continue to capitalize on emerging market growth and proper hedging against commodity price swings.
Shares of the Bellevue, Wash.-based company rose nearly 18 percent to $59.37 in morning trading.
Coca-Cola (NYSE:KO), the giant beverage maker, said on Tuesday that net income fell 71 percent in the fourth quarter on substantial restructuring charges, but increased beverage sales beat Wall Street expectations, and it announced a cost cutting plan to pay for rising commodity costs and bolster its brands.
The top aftermarket NYSE gainers Monday were: NCR Corp, Standard Pacific Corp, PHH Corp, InterOil Corp and K12 Inc. The top aftermarket NYSE losers: Loews Corp, Sally Beauty Holdings, HyperDynamics, Enzo Biochem and Covidien plc.
Bank of America Plaza, the tallest building in Atlanta, will be sold in a foreclosure auction on Tuesday, reflecting continued turmoil in the local real estate market.
The top aftermarket NYSE gainers Friday were: K-V Pharmaceutical, 3D Systems, General Growth Properties, Toll Brothers and Post Holdings. The top aftermarket NYSE losers: Jones Group, Royal Caribbean Cruises, HCA Holdings, Goodrich Petroleum Corp and Edwards Lifesciences Corp.
D.Boerse CEO eyes new allies as NYSE deal crumbles Deutsche Boerse does not believe it can survive in the long term without a new partner despite the collapse of its proposed $7.4 billion merger with NYSE Euronext , its chief executive told a German newspaper.
Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.
Europe will again be at the center of investors' focus next week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.
Nasdaq OMX Group Inc.'s core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment.
A surge in hiring in the world's largest economy last month drove the Nasdaq Composite Index to an 11-year high on Friday as optimism grew that the U.S. labor market is on a steady path to recovery.
Having filed for its initial public offering (IPO) on Wednesday, Facebook has the potential to debut on the New York Stock Exchange (NYSE) with one of the largest IPOs ever. Check out this slideshow to see which were the largest IPOs in U.S. history.
Unless you have been living under a rock for the last couple of years, you'll know that companies big or small have been constantly axing jobs across the board. Which companies are axing jobs in 2012?
The top aftermarket NYSE gainers Thursday were: Sony Corp, PerkinElmer, Genworth Financial, Covanta Holding, Neustar, Iamgold Corp, Investment Technology Group, Netsuite and Weyerhaeuser Co.
The top aftermarket NYSE losers Thursday were: BHP Billiton, Robbins & Myers, Inphi Corp, Edwards Lifesciences, Greenbrier Companies, Sara Lee Corp, Griffon Corp, Stoneridge, FirstEnergy Corp and Vishay Intertechnology.
The hype over Facebook's initial public offering has excited investors revisiting other social media companies, even though most of those stocks have plunged since the fanfare of their own IPOs.
Investors largely took a wait-and-see approach on Thursday as stocks ended little changed ahead of Friday's key employment report, but tech shares rose after strong earnings from chipmaker Qualcomm.
The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
Drugmakers Pfizer Inc. (NYSE:PFE) and Eli Lilly & Co. (NYSE:LLY) have seen profits squeezed as lucrative blockbuster drugs came off patent and face competition from low-cost generic drugs. Merck & Co. Inc. (NYSE:MRK) is set to feel the hit in the second half of 2012.
Macy's (NYSE: M) increased its profit outlook as it reported $26.404 billion in sales for fiscal 2011, a 5.6 percent increase year-on, boosted by its strongest fiscal fourth quarter in years and continued growth in online sales.
The job cuts, if they go through, would be part of thousands of other cuts which financial institutions plan to make in the near future.
The top aftermarket NYSE gainers Wednesday were: RealD, Petroquest Energy, RailAmerica, GenCorp, Allstate, Penn Virginia, Graphic Packaging Holding, Huntsman and Sequans Communications.
