Market Trends

  • VoiceFlash Networks and VeriFone to Explore Mobile E-Commerce Solutions

    VoiceFlash Networks Inc. announced today that the company has signed a memorandum of understanding with VeriFone Inc., to explore the viability of cooperating in the development of retail mobile commerce products.

  • Chiquita in Q2 Loss

    (Reuters) - Chiquita Brands International Inc., the No. 1 banana producer, on Tuesday reported a second-quarter loss due to weak European currencies, higher production costs and lower canned vegetable prices.

  • Wrigley Earnings Up
    (Reuters) - Wm. Wrigley Jr. Co., the world's largest chewing gum maker, said on Tuesday that second-quarter earnings rose 8.6 percent, as growth in shipments and better margins offset higher marketing costs and pressure from weak European currencies.

  • McDonald's Profits Lower Again
    (AP) - Concerns about beef safety in Europe sent McDonald's Corp.'s [NYSE:MCD - news] profits lower for a third straight quarter.

  • PepsiCo Inc. Acquires Tasali Foods, Saudi Arabia's Leadnig Snack Maker
    (PRNewswire) - PepsiCo Inc. said today it completed its previously announced plan to acquire Tasali Snack Foods, the leader of the Saudi Arabian salty snack market, from Savola Snack Foods.

  • Colgate-Palmolive Second-Quarter Net Up
    (Reuters) - Consumer products maker Colgate-Palmolive Co. said today that its second-quarter net income rose 9.6 percent as higher margins offset the effects of weak foreign currencies that led to flat sales.

  • Ralston Purina Q2 Earnings Jump on Strong Sales
    (Reuters) - Ralston Purina Co., the largest U.S. pet food maker, said on Monday that fiscal third-quarter net earnings rose nearly 27 percent, driven by firm sales volumes in all segments of its business and lower interest expenses.

  • Nash Finch Hires New Directors to Launch Specialty Retail Operations
    (PRNewswire) - Nash Finch Company, a Fortune 500 Minneapolis-based food retailer and distributor, today announced the addition of two new directors to develop and roll-out the company's specialty store concepts, a Hispanic-oriented retail supermarket and Buy N Save, an extreme value retail store.

  • It's Dog Eat Dog for European Food Retailers
    (Financial Times) - Europe's leading food retailers must look at foreign acquisitions if they are to survive, according to a new report.
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