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Retail, consumer CEOs see shorter tenures as boards act more quickly

FOCUS-Retail, consumer CEOs see shorter tenures as boards act more quickly By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON, Sept 10 (Reuters) - When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signaled corporate boards are more ready to toss top executives before activist investors tell them to act.
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Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Marvell Technology Inc MRVL.OQ +9.2% Super Micro Computer Inc SMCI.OQ +8.6% ON Semiconductor Corp ON.OQ +7.3% Micron Technology Inc MU.OQ +7.3% Lululemon Athletica Inc LULU.OQ +7.0% Bottom Performers Percent Change O'Reilly Automotive Inc ORLY.OQ -1.2% Mondelez International Inc MDLZ.OQ -1.1% T-Mobile US Inc TMUS.OQ -0.8% Verisk Analytics Inc VRSK.OQ -0.8% Kraft Heinz Co KHC.OQ -0
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US FDA seeks fresh curbs on sodium levels in packaged, processed foods

US FDA seeks fresh curbs on sodium levels in packaged, processed foods Aug 15 (Reuters) - The U.S. Food and Drug Administration on Thursday laid out fresh goals to cut sodium levels in packaged and processed foods by about 20%, after its prior efforts to address a growing epidemic of diet-related chronic diseases showed early signs of success. The FDA in October 2021 had set guidelines to trim sodium levels in foods ranging from potato chips to hamburgers in a bid to prevent excessive intake of
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Big-ticket mergers in the packaged food space over the years

FACTBOX-Big-ticket mergers in the packaged food space over the years Aug 14 (Reuters) - Snickers-maker Mars inked one of the biggest deals in the packaged food industry when it said it would buy Cheez-It owner Kellanova K.N in a $35.9 billion deal on Wednesday. Dealmaking in the packaged food sector has been robust as companies seek scale to weather the impact of price inflation and weight-loss drugs weighing on demand.
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Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal

UPDATE 8-Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal All-cash deal for $83.50 per Kellanova share Acquisition expands Mars' snacking platform Shares up nearly 8% in early trade Adds more background on Mars and Kellanova from paragraphs 17-25 By Anirban Sen, Savyata Mishra, Jessica DiNapoli and Abigail Summerville NEW YORK, Aug 14 (Reuters) - Family-owned candy giant Mars is buying Cheez-It maker Kellanova K.N in a nearly $36 billion deal, bringing together brands
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Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Super Micro Computer Inc SMCI.OQ +6.7% NVIDIA Corp NVDA.OQ +4.2% PDD Holdings Inc PDD.OQ +3.2% Starbucks Corp SBUX.OQ +2.1% Take-Two Interactive Software Inc TTWO.OQ +2.1% Bottom Performers Percent Change Moderna Inc MRNA.OQ -4.7% Warner Bros Discovery Inc WBD.OQ -4.6% Charter Communications Inc CHTR.OQ -3.5% Kraft Heinz Co KHC.OQ -3.3% CoStar Group Inc CSGP.OQ -2.7% The Nasdaq 10
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Super Micro Computer Inc SMCI.OQ +7.8% NVIDIA Corp NVDA.OQ +4.1% PDD Holdings Inc PDD.OQ +3.4% Starbucks Corp SBUX.OQ +3.4% Dexcom Inc DXCM.OQ +3.3% Bottom Performers Percent Change Moderna Inc MRNA.OQ -3.3% Kraft Heinz Co KHC.OQ -2.6% Charter Communications Inc CHTR.OQ -2.5% Warner Bros Discovery Inc WBD.OQ -2.3% CoStar Group Inc CSGP.OQ -1.7% The Nasdaq 100 .NDX gained 98.22 poi
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Mars' mulled deal for Kellanova should withstand regulatory scrutiny

FOCUS-Mars' mulled deal for Kellanova should withstand regulatory scrutiny By Abigail Summerville Aug 7 (Reuters) - Mars' contemplated acquisition of U.S. snack maker Kellanova KHC.O stands a good chance of getting past global antitrust regulators, legal experts say, even as it touches on a sensitive area of government oversight -- how much consumers pay for food.
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IFF posts upbeat second-quarter revenue, lifts annual sales forecast on steady demand, higher pricing

IFF posts upbeat second-quarter revenue, lifts annual sales forecast on steady demand, higher pricing Aug 6 (Reuters) - International Flavors & Fragrances IFF.N beat market expectations for second-quarter revenue and lifted full-year sales forecast on Tuesday, helped by steady demand for its fragrance and wellness solutions and higher product pricing.
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WK Kellogg to streamline production as slowing demand pressures sales

WK Kellogg to streamline production as slowing demand pressures sales Aug 6 (Reuters) - WK Kellogg KLG.N plans to completely shutdown its Omaha, Nebraska, plant by the end of 2026 under a reorganization that will also reduce the cereal maker's headcount by more than 17%, it said on Tuesday, as it streamlines its production. Shares fell more than 2% in early trading as the Special K cereal maker projected 2024 adjusted net sales to come in at the lower end of its prior forecast range of 1% growth
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Kellanova shares pop on report of Snickers maker Mars mulling buyout

UPDATE 2-Kellanova shares pop on report of Snickers maker Mars mulling buyout Updates shares, adds broader market moves in paragraph 6, details on Kellanova's results and background in paragraphs 8, 11 By Savyata Mishra Aug 5 (Reuters) - Shares of Pringles maker Kellanova K.N surged 1 8 % in early trading on Monday, after a Reuters report said candy giant Mars was exploring a potential buyout of the company.
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Kellanova jumps on report of buyout interest from Snickers maker Mars

Kellanova jumps on report of buyout interest from Snickers maker Mars Aug 5 (Reuters) - Shares of Pringles maker Kellanova K.N surged more than 16% in trading before the bell on Monday, after a Reuters report said candy giant Mars was exploring a potential buyout of the company. A deal between Mars and Kellanova, known for snacks brands such as Rice Krispies Treats and Pop-Tarts, would be one of the biggest ever in the packaged food sector.
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Weakness in jobs, earnings reports sends stocks reeling

LIVE MARKETS-Weakness in jobs, earnings reports sends stocks reeling U.S. stocks red; Nasdaq off ~3%, S&P off >2%, Dow off >1.5% Cons Disc biggest S&P 500 sector loser; Staples sole gainer Euro STOXX 600 index down >2% Dollar down >1%; crude off >3%; bitcoin edges up; gold gains U.S. 10-Year Treasury yield slides to ~3.82% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Street View: Kraft Heinz's acknowledgment of slow volume recovery 'optimistic'

BUZZ-Street View: Kraft Heinz's acknowledgment of slow volume recovery 'optimistic' ** Kraft Heinz KHC.O slashed its organic sales forecast for 2024 on Wednesday, signaling subdued demand for its branded snacks and Lunchables meal kits, but maintained its profit expectations ** At least six brokerages raised PT on the stock after results; median PT
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Hershey trims annual forecasts as higher prices dent demand

UPDATE 1-Hershey trims annual forecasts as higher prices dent demand Adds key quotes in paragraphs 8,9 & 10 Aug 1 - Hershey HSY.N cut its annual profit and sales forecasts on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending for its candy and chocolates. WHY IS IT IMPORTANT? Hershey had been one of the few companies to gain market share even as it increased product prices to combat the impact of cost inflation.
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Kellanova raises 2024 forecasts on stable snacks demand in North America

CORRECTED-Kellanova raises 2024 forecasts on stable snacks demand in North America Corrects paragraph 3 to say Kellanova was created following a spinoff of Kellogg's North American cereal unit and that it was not spun off from Kellogg Aug 1 (Reuters) - Kellanova K.N raised its annual organic sales and profit forecasts on Thursday as consumers opted for its breakfast cereals and ready-to-eat snacks such as Pringles despite higher prices.
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Hershey trims annual forecasts as higher prices dent demand

Hershey trims annual forecasts as higher prices dent demand Aug 1 - Hershey HSY.N cut its annual profit and sales forecasts on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending for its candy and chocolates. WHY IS IT IMPORTANT? Hershey had been one of the few companies to gain market share even as it increased product prices to combat the impact of cost inflation.
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U.S. STOCKS Kraft Heinz, Marriott, Mastercard

BUZZ-U.S. STOCKS ON THE MOVE-Kraft Heinz, Marriott, Mastercard Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 jumped around 2% on Wednesday, as investors hoped for hints from the Federal Reserve on the timing of rate cuts, a bullish forecast from AMD boosted chip stocks and Microsoft slipped after a higher spending forecast.
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Kraft Heinz up as FY profit outlook unchanged but demand still soft

BUZZ-Kraft Heinz up as FY profit outlook unchanged but demand still soft ** Shares of Kraft Heinz KHC.O up as much as 4.8% at $35.46 - set for best session since February 2022 ** The Jell-O maker maintains FY profit growth forecast after beating Q2 EPS estimates ** KHC says consumers turned more cost conscious and it plans to selectively ramp up spend to manage key price points and price gaps ** "We appreciate KHC's more prudent top line outlook and acknowledgment of the need for greater investm
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Kraft Heinz Co reports results for the quarter ended in June - Earnings Summary

CORRECTED-Kraft Heinz Co reports results for the quarter ended in June - Earnings Summary Corrects 4th bullet to say net income was $100 mln, not $102 mln By Lynx Insight Service July 31 (Reuters) - Kraft Heinz KHC.OQ reported quarterly adjusted earnings of 78 cents​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 79 cents.
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