More Squawk From Jim Cramer: Procter & Gamble (PG) Stock Trading on Mischaracterization
Procter & Gamble (PG) reported strong organic growth in the second quarter but was hurt by its Venezuela business, Jim Cramer says. Rachel Graf. Follow. Aug 2, 2016 10:22 AM EDT. Get TheStreet Quant Ratings' exclusive 5-page report for (PG) - FREE.>> view originalSodaStream's sparkling water makeover pays off
SodaStream's healthy makeover just might be paying off. SodaStream (SODA), now marketed as a maker of sparkling water instead of soda, said Tuesday that its profits more than doubled in the second quarter. The do-it-yourself beverage company's carbonator refills hit an all-time high and sparkling water starter kit shipments climbed. SodaStream described it as a "sharp acceleration" in sparkling water maker sales. Wall Street gulped down the encouraging news, driving SodaStream stock as ..>> view originalChina regulator says Didi, Uber deal will need Mofcom approval
BEIJING A merger between Chinese ride-hailing firm Didi Chuxing and the China unit of U.S. rival Uber could face its first hiccup after China's commerce ministry (Mofcom) said on Tuesday it had not received a necessary application to allow the deal to go ahead.However, Didi said there was no need to seek regulatory approval, saying the two ride-hailing companies' lack of profits meant they weren't required to file with the ministry.Didi's acquisition of Uber's China operations, announced on Mo..>> view originalMcDonald's to Remove High-Fructose Corn Syrup From Sandwich Buns
OAK BROOK, Ill.—McDonald’s Corp. said Monday it will replace high-fructose corn syrup in its sandwich buns with sugar as part of an effort to simplify its ingredients and satisfy increasingly conscientious customers. The fast-food giant also is rolling out Chicken McNuggets and some breakfast items free of artificial preservatives and said it has curbed the use of chicken raised with antibiotics that are also commonly used on humans...>> view originalFord, GM July sales dip; FCA up slightly
Ford Motor Co. on Tuesday said its July sales fell 2.8 percent compared to the same month a year ago, while crosstown rival General Motors Co. said sales fell 1.9 percent. Fiat Chrysler Automobiles reported a slight gain of 0.3 percent.(Photo: File)The automotive industry’s hot auto sales cooled off in July.Ford Motor Co. on Tuesday said its July sales fell 2.8 percent compared to the same month a year ago, while crosstown rival General Motors Co. said sales fell 1.9 percent. Fiat Chrysler Autom..>> view originalAbenomics Return to Fiscal Lever Shows Failure to Hit High Goals
Prime Minister Shinzo Abe’s return to the fiscal-stimulus lever that he first pulled three years ago showed how far he remains from hitting ambitious targets for reviving Japan’s economy.The cabinet Tuesday approved a spending-and-lending package totaling 28 trillion yen ($275 billion), including 4.6 trillion yen in outlays this year and just under 3 trillion yen further out. The administration completed its plan days after the central bank adopted a modest boost to its own stimulus efforts.Beh..>> view originalPfizer beats estimates, but branded drugs disappoint
Pfizer Inc (PFE.N) reported better-than-expected quarterly results, driven by lower taxes and sales of generic medicines, but revenue from its array of branded patent-protected medicines brought disappointment.In its earnings report, the largest U.S. drugmaker did not offer any hints on whether it plans to split into two separate companies, a long-mulled potential decision that has kept investors in suspense. Pfizer, whose shares fell almost 2 percent in morning trading, said second-quarter re..>> view originalObamacare May Be Getting More Expensive, But It's Still Cheaper Than Predicted
Premiums for Obamacare insurance are rising more quickly this year than they have in the past. But, on average, the coverage remains cheaper than what the government’s own forecaster had predicted it would be by this point. That’s the conclusion of two new independent reports, by scholars at the Brookings Institution and at the Henry J. Kaiser Family Foundation. The finding is likely to surprise people who have read all the headlines about skyrocketing premiums in the Affordable Care Act’s excha..>> view originalCVS Raises Forecast as Pharmacy Acquisitions Pad Sales
CVS Health Corp. beat analysts’ earnings estimates in the second quarter and raised its full-year forecast, as recent deals to add pharmacies and a nursing home drugs business helped grow revenue at the drugstore and pharmacy benefit management company.Earnings this year, excluding one-time items, will be $5.81 to $5.89 a share, up from the company’s earlier forecast of $5.73 to $5.88 a share. In the second quarter, adjusted earnings were $1.32 a share, Woonsocket, Rhode Island-based CVS said i..>> view original
Thursday, August 4, 2016
More Squawk From Jim Cramer: Procter & Gamble (PG) Stock Trading on Mischaracterization and other top stories.
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