International Business News - SJM http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Stocks surge on report of Geithner nomination NEW YORK (AP)--Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task of righting the U.S. financial system. http://www.ibtimes.com/articles/20081121/business-highlights.htm Fri, 21 Nov 2008 19:02:08 EST Here's a look at how foodmakers H.J. Heinz Co. and J.M. Smucker Co. fared in the most recent quarter: HEINZ: http://www.ibtimes.com/articles/20081121/a-look-at-how-heinz-smucker-did-in-the-quarter.htm Fri, 21 Nov 2008 16:28:53 EST With consumers looking for comfort foods and ways to save money, foodmakers H.J. Heinz Co. and J.M. Smucker Co. posted higher earnings Friday and said they're benefiting from price increases and the trend of more people eating at home. http://www.ibtimes.com/data/articleimgs/180012-earns-heinz.jpg http://www.ibtimes.com/articles/20081121/foodmakers-heinz-smucker-post-higher-earnings.htm http://www.ibtimes.com/articles/20081121/foodmakers-heinz-smucker-post-higher-earnings.htm Fri, 21 Nov 2008 17:29:44 EST Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20081121/citigroup-anntaylor-smucker-gap-big-movers.htm Fri, 21 Nov 2008 14:35:36 EST Among the stock activity stories for Friday, Nov. 21, from AP Financial News: CHICAGO (AP)--Gap Inc.'s stock soared Friday morning, as investors upgraded the retailer's stock after it posted a stronger-than-expected third-quarter profit. http://www.ibtimes.com/articles/20081121/movers-roundup-gap-jm-smucker.htm Fri, 21 Nov 2008 14:34:37 EST J.M. Smucker Co., the nation's top maker of jams and jellies and now into the coffee market, said Friday that its earnings rose 3 percent in its second fiscal quarter, due to price increases and families choosing to have meals at home in hard times. http://www.ibtimes.com/articles/20081121/smucker-posts-3-percent-2q-earnings-gain.htm Fri, 21 Nov 2008 13:28:12 EST Shares of jelly and jams maker J.M. Smucker Co. soared 7 percent Friday after the company said its second-quarter profit and revenue rose, benefiting from more consumers eating at home. http://www.ibtimes.com/articles/20081121/smuckers-shares-up-7-percent-on-2q-profit-beat.htm Fri, 21 Nov 2008 11:42:59 EST Among the earnings stories for Friday, Nov. 21, from AP Financial News: ORRVILLE, Ohio (AP)--Jelly and jams maker J.M. Smucker Co. said Friday that its second-quarter profit edged up 3 percent on acquisitions and price increases. http://www.ibtimes.com/articles/20081121/earnings-roundup-smucker-heinz.htm Fri, 21 Nov 2008 10:36:43 EST J.M. Smucker Co. reaffirmed its full-year earnings forecast Friday after reporting its second-quarter profit climbed 3 percent on acquisitions and price increases. http://www.ibtimes.com/articles/20081121/smucker-reiterates-full-year-earnings-forecast.htm Fri, 21 Nov 2008 08:10:15 EST Jelly and jams maker J.M. Smucker Co. said Friday that its second-quarter profit edged up 3 percent on acquisitions and price increases. The company also maintained its full-year earnings forecast. http://www.ibtimes.com/articles/20081121/smuckers-2q-profit-rises-3-pct-partly-on-deals.htm Fri, 21 Nov 2008 08:03:20 EST While other companies are cutting jobs in the tough economy, J.M. Smucker Co. plans to add up to 150 to 200 jobs, and recently completed a $3 billion deal to buy Folgers coffee from Procter & Gamble. http://www.ibtimes.com/articles/20081121/ahead-of-the-bell-smucker-to-post-higher-earnings.htm Fri, 21 Nov 2008 06:23:53 EST Consumer products company Procter & Gamble Co. late Monday raised its full-year and fiscal second-quarter profit outlook due to a higher-than-expected gain from its sale of its Folgers Coffee business. http://www.ibtimes.com/articles/20081111/procter-gamble-raises-earnings-forecast.htm Tue, 11 Nov 2008 07:55:14 EST Jams and jelly company J.M. Smucker Co. said Thursday its purchase of Folgers Coffee has been completed. In June, Smucker said it would buy Folgers from Cincinnati-based Procter & Gamble Co. in a stock transaction valued at $2.95 billion. Smucker also assumed about $350 million of Folgers' debt. http://www.ibtimes.com/articles/20081106/j-m-smucker-completes-purchase-of-folgers-coffee.htm Thu, 06 Nov 2008 11:49:36 EST Jelly and jams maker J.M. Smucker Co. has completed its $3 billion deal to buy Folgers coffee from Procter & Gamble Co. The previously announced deal closed on Thursday and nearly doubles the size of Smucker. Smucker expects to add 150 to 200 jobs in the next year to its headquarters staff of 1,300 in Orrville in northeast Ohio. http://www.ibtimes.com/articles/20081106/jellies-maker-smucker-closes-folgers-coffee-deal.htm Thu, 06 Nov 2008 11:42:07 EST Among the stock activity stories for Friday, Oct. 31, from AP Financial News: RALEIGH, N.C. (AP)--Shares of Highwoods Properties Inc. rose Friday after an analyst upgraded the company's stock, citing a strong third-quarter performance by the Southeast-focused real estate investment trust. http://www.ibtimes.com/articles/20081031/movers-roundup-highwoods-cigna.htm Fri, 31 Oct 2008 14:41:10 EDT Shares of Terex Corp. fell Friday morning after Standard & Poor's said the diversified manufacturer will be replaced on the S&P 500 by jam and jelly producer J.M. Smucker Co. http://www.ibtimes.com/articles/20081031/terex-slips-after-losing-spot-on-s-p-500.htm Fri, 31 Oct 2008 10:48:22 EDT Shares of J.M. Smucker Co. rose Friday, one day after Standard & Poor's said it would add the jam and jelly maker to the S&P 500-stock index next week. http://www.ibtimes.com/articles/20081031/shares-of-smucker-rise-ahead-of-s-p-500-listing.htm Fri, 31 Oct 2008 10:31:46 EDT Consumer products maker Procter & Gamble Co. has expanded its patent lawsuit against Kraft Foods Inc., naming Kraft's Tassimo brand as a patent infringer of packaging used for P&G's Folgers brand. http://www.ibtimes.com/articles/20081030/procter-gamble-expands-lawsuit-against-kraft.htm Thu, 30 Oct 2008 20:49:35 EDT Standard & Poor's said Thursday that jam and jelly producer J.M. Smucker Co. will replace diversified manufacturer Terex Corp. in the S&P 500 at the close of trading next Wednesday. http://www.ibtimes.com/articles/20081030/smucker-to-replace-terex-in-s-p-500.htm Thu, 30 Oct 2008 18:27:15 EDT Strong growth in emerging markets, raising prices and offering consumers more options of popular items helped Procter & Gamble Co. post a nearly 9 percent increase in its fiscal first quarter, the consumer products maker said Wednesday. http://www.ibtimes.com/articles/20081029/p-g-says-1q-profit-rises-9-percent.htm Wed, 29 Oct 2008 16:41:59 EDT