Alpine Valley Bread will become a subsidiary of Flowers Foods Inc.
The organic bread maker, Alpine Valley Bread will soon become a subsidiary of Flowers Foods Inc. once the transaction becomes completed in Q4. Alpine was established in the late 1990's by the Woods family baking breads using all-natural ingredients.
Sep 11, 2015 9:14 AM EDT
Japan's Nikkei turns negative for the year to date
Japan's Nikkei dipped into negative territory for the year following a 2.4% plunge Tuesday. Despite better-than-expected growth in the second quarter, investor sentiment was weighed down by weak trade data from China.
Drop in UK export brought fears for pound's stability
UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.
Czech Inflation Slows by 0.3 percent as Central Bankers Plans on Price Growth
The Czech inflation rate dropped to 0.3 percent in August, from July’s 0.5 percent, as reported by Czech Statistical Office Wednesday.
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Avon to raise funds via PE, stake sale; stock turns volatile
The US-based beauty products company Avon is making every effort turn it around. To raise the funds, the company is tapping PE route in addition to exploring stake sale. After the fund raising news hit the market, shares become highly volatile on NYSE.
Sep 11, 2015 8:47 AM EDT
Lockheed Martin Corp. files protest over U.S. Army's award of a $30B project to Oshkosh Corp
Lockheed Martin Corp. had filed a protest with U.S. Governemtn Accountability Office to overturn U.S. Army contract awarded to Oshkosh Corp. Results will be out on December 17.
Sep 11, 2015 8:45 AM EDT
Freeport-McMoRan hires JPMorgan to help explore options
Freeport-McMoran hires JP Morgan after activist investor Carl Icahn said that teh company is undervalued and in need of corporate change.
Sep 11, 2015 8:41 AM EDT
U.S. stocks scored high as investros wait for Fed decision
The S&P 500 gained 0.5 percent on Thursday evening with Apple Inc. stock, boosting the index with an increase of 2.2 percent. However, investors are still cautious as policy makers are set to hold a meeting next week to decide regarding rate hike.
Sep 11, 2015 8:36 AM EDT
Shanghai Gold Exchange allows gold, other securities as collateral trading
Shanghai Gold Exchange has allowed physical gold as collatarel on futures contracts. The exchange has also approved silver, Yuan-denominated stocks, bonds, treasuries as collateral usage. The move is aimed at enhancing trading volumes and attractive investors from other markets.
Sep 11, 2015 8:27 AM EDT
Kmart brings back layaway program, launches No Money Down Leasing for holiday shoppers
There are two options to purchase from Kmart this holiday season: the No Money Down Layaway Program and the No Money Down Leasing Program. The options which started last week will run until the end of November.
Sep 11, 2015 6:50 AM EDT
French Industry Production Plunges Lower to 0.8%, Lowest Since November 2014
French industy forcasted a 0.2 increase in production but had it unexpectedly drop to 0.8%, a number lowest since November 2014.
Sep 11, 2015 6:13 AM EDT
Matahari Mall launches in Indonesia, with $500M funding from Lippo Group, Aims to be "Alibaba of Indonesia"
Matahari Mall officially launched Wednesday with ambitions to be the “Alibaba of Indonesia,” with $500 million funding from real estate giant Lippo Group.
Sep 11, 2015 6:11 AM EDT
Glencore Billionaire Willing To Pay $210 Million Bill To Help Company's Balance Sheet
Glencore’s Chief Executive Officer Ivan Glasenberg is on the hook to pay $210 million of the company’s impending doomsday sale of $2.5 billion to bolster its balance sheet.
Sep 11, 2015 5:41 AM EDT
S&P Downgrades Brazil's Credit Rating Straight Down to Junk Territory
S&P junks Brazil’s investment-grade credit Wednesday as the nation faces recession that is seen to last until 2017, as well as political strife.
Sep 11, 2015 5:31 AM EDT
Oil price decline makes gasoline less expensive
Enjoy the savings while it last. This is what the Americans are doing right now, as they took advantage of the cheap gasoline price and have their engine tanks full.
Sep 11, 2015 4:48 AM EDT
Eravacycline test failure plunges Tetraphase shares
It is a disappointing share decline for Tetraphase Pharmaceuticals Inc. when its manufactured drug, eravacycline failed to proved its efficiency to cure bacteria called superbugs. It may be better than Merck's ertapenem but not with Johnson & Johnson's levofloxacin.
Sep 11, 2015 4:45 AM EDT
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