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BUSINESS BRIEFS.(TO THE POINT)
BEVERAGES
Pepsi Q3 profit bubbles up 14%
The food and beverage giant's shares rose 1% to 48.65 after it reported Q3 earnings of 66 cents a share ex items, 8 cents over the year-ago period and a penny over views. Revenue rose 6% to $7.26 bil, helped by noncarbonated beverage sales rising 5% in the U.S. and snack sales going up 7% internationally. Pepsi expects to beat views of $2.31 for '04 with $2.35.
FOOD
General Mills goes whole grain
The No. 2 U.S. cereal maker will make all of its breakfast cereals with whole grains, adding Trix and Lucky Charms to the list of offerings made with the less refined grains. Cheerios, Wheaties, Total and Wheat Chex are already whole grain. The firm, which also sells Pillsbury biscuits and Green Giant vegetables, recently missed Q1 estimates because of higher commodity prices. Shares fell 0.5% to 44.90.
Produce firm slices profit outlook
- El Paso Beefs Up Board Ahead of Looming Proxy Fight.(John Whitmire, J. Michael...
- Newspaper article from: The Oil Daily Shook, Barbara April 8, 2003 700+ words
...third and first largest individual El Paso shareholders, respectively. Zilkha gained his stake via El Paso's 2000 acquisition of Sonat...record. In Wall Street trading, El Paso shares rose to $6.37, up 22cents, on Monday...
- UPDATE 3-El Paso outlines plans to slash debt.
- News wire article from: The America's Intelligence Wire December 15, 2003 700+ words
...other measures to bring down debt. El Paso has already identified $445 million...and is the first step to making El Paso a strong natural gas provider that...shareholders can measure our progress." El Paso shares rose 58 cents, or 8.6 percent to close...
- UPDATE 2-El Paso outlines plans to slash debt.
- News wire article from: The America's Intelligence Wire December 15, 2003 700+ words
...and is the first step to making El Paso a strong natural gas provider that...progress." In recent trading, El Paso shares rose 8 percent to $7.27 on heavy volume...on the company's production. El Paso said it expects to complete most...
- Houston Chronicle Loren Steffy column.(Dynegy Inc., El Paso Corp. overpaid the...
- News wire article from: Houston Chronicle (Houston, TX) Steffy, Loren July 29, 2005 700+ words
...gas exploration. Along the way, El Paso's board changed more than strategy...programs," says David Siddall, El Paso's corporate secretary and chief...to the company's performance. El Paso shares rose almost 30 percent last year. Then...
- El Paso names pipeline group president.
- News wire article from: Europe Intelligence Wire August 15, 2006 700+ words
...that position and take over responsibility for all El Paso pipeline businesses. He will also have the title...executive vice president. Yardley has spent 28 years with El Paso. El Paso shares rose 5 cents to $14.24 in morning trading on the New...
- El Paso And DKRW Get Environmental Permits For Mexican Joint Venture.
- News wire article from: The America's Intelligence Wire December 20, 2006 700+ words
...FinancialWire-20 December 2006-El Paso And DKRW Get Environmental Permits...December 20, 2006 (FinancialWire) El Paso Corp. (NYSE: EP), which operates...and the southwest United States. El Paso shares rose 13 cents to close at $15.20...
- Utility Holding Company Southern Co. May Acquire El Paso Energy.
- Newspaper article from: Knight Ridder/Tribune Business News Quinn, Matthew C. February 25, 1999 700+ words
...announcements fueled speculation of a Southern-El Paso deal. El Paso Energy shares rose as much as 11 percent Wednesday amid takeover speculation...talks between the two companies had ended because El Paso CEO William Wise was insisting on a premium price...
- El Paso swings to 2Q profit.
- News wire article from: Europe Intelligence Wire August 7, 2006 700+ words
(From AFX Europe (Focus)) HOUSTON (AFX) - El Paso Corp., oil and gas processor and transporter, said...production revenue climbed 2 percent to $462 million. El Paso shares rose 42 cents, or 2.7 percent, to $15.99 in premarket...
- El Paso Corp. Takes 'Ugly' Loss of $1.7 Billion, Moves On.
- Newspaper article from: Knight Ridder/Tribune Business News April 1, 2003 700+ words
...settlement and other one-time items, El Paso had a $407 million loss, or 69...missing projections by a long shot, El Paso's shares rose Monday after the quarterly report...had voted to take action against El Paso for alleged market manipulation...
- El Paso Corp.'s Shares Rise Following Analyst's Positive Report.
- Newspaper article from: Knight Ridder/Tribune Business News July 31, 2002 700+ words
...Tribune Business News Jul. 31--El Paso Corp.'s shares rose more than 30 percent Tuesday...company in some time and helped El Paso lead a rally in the shares of...couple of days," Coale said. El Paso's shares have taken a beating...