Industry News

Fresh Del Monte Produce Inc., today announced that it will issue a press release on its second quarter 2016 results prior to the market opening on Tuesday, August 2, 2016 and will host its quarterly conference call at 11:00 a.m. Eastern Time to discuss the Company’ s financial results. Hosting the call for the Company will be Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer; Richard Contreras, Senior Vice President and Chief Financial Officer; and..."/>
Fresh Del Monte Produce to Report Second Quarter 2016 Financial Results
Aoxin Tianli Group, Inc., a leading producer of breeder hogs, market hogs and black hogs, as well as specialty processed black hog pork products sold through retail outlets and the internet, today announced that its wholly-owned subsidiary, Wuhan Fengze Agricultural Science and Technology Development Co., Ltd., has entered into a Letter of Intent to acquire a majority stake in Hainan Chengmai Zaohuaxiang Hog Industry Co., Ltd., a high-end..."/>
Aoxin Tianli Group, Inc. Signs Letter of Intent to Acquire Hainan-Based Specialty Black Hog Farm Operator
Dunkin' Brands Group, Inc. The J.M. Smucker Company and Keurig Green Mountain, Inc. today announced that more than 300 million Dunkin' K-Cup ® pods were sold in the first year since being made available at retail outlets nationwide, with sales totaling nearly $220 million in IRI retail scanned data. IRI Market Advantage, a market research company focused on the consumer packaged goods industry, reported the..."/>
Dunkin' Donuts K-Cup Pods Named One Of Top New Consumer Packaged Goods Products By IRI Market Advantage
US Foods Holding Corp. announced today that Timothy R. McLevish has resigned effective immediately from his position on the Board of Directors after it was announced that he will become the Executive Chairman of Lamb Weston Holdings, Inc. upon the completion of its planned spinoff. Because Lamb Weston is a significant supplier to US Foods, McLevish would no longer qualify as an independent director. The company also announced the election of two new members of..."/>
US Foods Announces Changes to Board of Directors
MamaMancini's Holdings, Inc., a marketer of specialty pre-prepared, frozen and refrigerated all natural food products, announced today that Dan Mancini, co-founder of MamaMancini's, is scheduled to appear on QVC on Wednesday, July 20, 2016.. Mancini will offer two new MamaMancini's products:. All-Beef Florentine Five Cheese and Spinach Stuffed Meatballs in authentic Italian sauce; and Chicken Florentine Five Cheese and Spinach Stuffed Meatballs..."/>
MamaMancini's to Premiere Two Products on July 20th on QVC
USANA Health Sciences is a proud sponsor of more than 1,000 of the world's elite athletes— known as Team USANA— and offers them its high-quality and NSF-tested nutritional products. The global nutrition company is even more proud to announce that over 70 of those elite athletes are making their way to Brazil over the coming weeks for a chance to represent their respective countries on the podium. "We are honored and proud to be able to work..."/>
@TeamUSANA Steps Onto The World Stage As More Than 70 Athletes Head To Brazil Next Month
Scandi Standard names Anders Hagg as new CFO
Scandi Standard names Anders Hagg as new CFO
Hindustan Unilever Ltd on Monday extended its losses for the second day, falling as much as 2.8% after the company reported weak earnings for the June quarters. The fall in share price was also due after most of the brokerages cut the company's target price. Domestic brokerages such as PhillipCapital, SBICap Securities and Motilal Oswal have reduced the price target of the scrip."/>
HUL shares fall 2.8% as brokerages cut target price [Mint, New Delhi]
Hindustan Unilever Ltd on Monday reported anaemic sales growth in the three months ended 30 June, missing analysts' revenue estimates by around 6%, indicating that an expected recovery in rural demand is yet to take root. HUL's sales by volume grew by just 4% in the fiscal first quarter, the country's largest packaged consumer goods maker said. Net profit rose 9.8% to Rs.1, 173.90 crore in the three months ended 30 June from Rs.1, 069.16 crore a year ago."/>
HUL misses revenue estimates, indicating rural headwinds [Mint, New Delhi]
Hindustan Unilever Ltd's June quarter results have dashed hopes of any recovery in volume growth. Investors would be disappointed with the tepid growth in price realizations, too, although rising commodity prices leave hope for a bounce, some way down the road. HUL's volume growth in the June quarter was 4%, the same as the March quarter."/>
Q1 results: Recovery eludes Hindustan Unilever [Mint, New Delhi]
Under Armour has purchased the land in Port Covington where it plans to build its new headquarters for $70.3 million-- more than twice what CEO Kevin Plank's private real estate firm paid in 2014, according to land records. The roughly 50- acre waterfront site includes a Wal-Mart that closed this year and a former Sam's Club that recently reopened as Under Armour offices. It also includes more than 8 acres of submerged area."/>
Under Armour buys Port Covington land for $70.3 million [The Baltimore Sun]
Hawaiian Electric Industries on Monday announced they were terminating their merger agreement after its rejection by the Hawaii Public Utilities Commission. Under terms of the agreement, Juno Beach-based NextEra Energy will pay Hawaiian Electric a $90 million break-up fee and up to $5 million for reimbursement of expenses associated with the transaction. Controversy immediately followed the merger..."/>
NextEra, Hawaiian Electric, terminate merger agreement [Sun Sentinel]
NextEra Energy Inc. has ended its plan to buy Hawaiian Electric Industries Inc. and will pay the state's largest utility $95 million in "break-up" fees and other costs, the two companies announced early today. The announcement came after the state Public Utilities Commission, in a 2-0 vote Friday, rejected the Juno, Fla.-based company's $4.3 billion offer to takeover HEI. PUC approval was needed for the companies to close the deal."/>
NextEra ends merger deal, will pay Hawaiian Electric $95 million [The Honolulu Star-Advertiser]
Hawaiian Electric Industries Inc. Monday after the deal was rejected last week by Hawaiian state regulators. NextEra will pay Hawaiian Electric a $90 million breakup fee and as much as $5 million for expenses related to the nearly two-year review that led to the failed takeover, the companies said Monday in a joint statement. The Hawaii Public Utilities..."/>
Hawaii rejects Florida utility's buyout offer, citing concerns [The Miami Herald]
Apple Pay, Android Pay and Samsung Pay."/>
Walmart Pay is here, but you might experience hiccups [Pioneer Press, St. Paul, Minn.]
Red Robin Gourmet Burgers and Brews' opening date as Monday, July 25, noting the new restaurant's hours. Red Robin's first south-central Indiana location will be open 11 a.m. to 10 p.m."/>
Red Robin, Panera to open soon at Bloomington College Mall [Herald-Times, Bloomington, Ind.]

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