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Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal

UPDATE 8-Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal All-cash deal for $83.50 per Kellanova share Acquisition expands Mars' snacking platform Shares up nearly 8% in early trade Adds more background on Mars and Kellanova from paragraphs 17-25 By Anirban Sen, Savyata Mishra, Jessica DiNapoli and Abigail Summerville NEW YORK, Aug 14 (Reuters) - Family-owned candy giant Mars is buying Cheez-It maker Kellanova K.N in a nearly $36 billion deal, bringing together brands
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Wall Street Journal - Aug 13

PRESS DIGEST- Wall Street Journal - Aug 13 Aug 13 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Three biggest ratings firms, S&P Global Ratings, Moody's Investors Service and Fitch Ratings, have downgraded the credit ratings of JetBlue Airways JBLU.O , pointing to a weakening outlook for airlines.
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Stocks and currencies steady, set for gains after turbulent week

EMERGING MARKETS-Stocks and currencies steady, set for gains after turbulent week Updated at 0920 GMT EM indexes set for weekly gains Global leaders push for urgent talks between Israel and Hamas China's July consumer prices jump faster than expected Investors avoid long-dated Kenyan debt MSCI EM stocks index up 1.6%, FX index up 0.4% By Lisa Pauline Mattackal Aug 9 (Reuters) - Emerging market stocks and currencies rose broadly on Friday, with indexes tracking both set for weekly gains after U.S
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From PepsiCo to P&G, India becomes next big growth bet as China lags

REFILE-From PepsiCo to P&G, India becomes next big growth bet as China lags Fixes typo in paragraph 2 By Ananya Mariam Rajesh Aug 9 (Reuters) - India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China. With India's economy expanding at the fastest pace among major emerging markets , companies are trying to serve its diverse palate by launching new flavors and size variants aimed at attracting the
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Monster Beverage misses quarterly sales estimates as economic fears slow demand

REFILE-Monster Beverage misses quarterly sales estimates as economic fears slow demand Refiles to add media packaging code Aug 7 (Reuters) - Monster Beverage MNST.O missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment.
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Mars' mulled deal for Kellanova should withstand regulatory scrutiny

FOCUS-Mars' mulled deal for Kellanova should withstand regulatory scrutiny By Abigail Summerville Aug 7 (Reuters) - Mars' contemplated acquisition of U.S. snack maker Kellanova KHC.O stands a good chance of getting past global antitrust regulators, legal experts say, even as it touches on a sensitive area of government oversight -- how much consumers pay for food.
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Pringles would make a tasty M&A bite for Mars

BREAKINGVIEWS-Pringles would make a tasty M&A bite for Mars The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, Aug 5 (Reuters Breakingviews) - Mars may be bulking up in the junk-food aisle. The privately held owner of M&Ms is mulling a deal for rival Kellanova K.N . Stock markets are tumbling amid unemployment worries, consumers look shaky and weight-loss drugs threaten demand.
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Weakness in jobs, earnings reports sends stocks reeling

LIVE MARKETS-Weakness in jobs, earnings reports sends stocks reeling U.S. stocks red; Nasdaq off ~3%, S&P off >2%, Dow off >1.5% Cons Disc biggest S&P 500 sector loser; Staples sole gainer Euro STOXX 600 index down >2% Dollar down >1%; crude off >3%; bitcoin edges up; gold gains U.S. 10-Year Treasury yield slides to ~3.82% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Walmart's low price promise in focus after Amazon's warning

UPDATE 3-Walmart's low price promise in focus after Amazon's warning Adds investor comments in paragraph 6, 15 and 16, Walmart forecast in paragraph 7, updates stock move in last paragraph By Aishwarya Venugopal and Siddharth Cavale Aug 2 (Reuters) - Walmart's "Everyday Low Price" promise will be put to the test when it reports quarterly results, after rival Amazon.com's warning that customers had turned bargain hunters, pressuring the online shopping behemoth to forecast a weak current quarter.
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Walmart's low price promise in focus after Amazon's warning

Walmart's low price promise in focus after Amazon's warning Aug 2 (Reuters) - Walmart's "Everyday Low Price" promise will be put to the test when it reports quarterly results, after rival Amazon.com's warning that customers had turned bargain hunters, pressuring the online shopping behemoth to forecast a weak current quarter. Shares of Amazon sank nearly 9% in premarket trading on Friday, while Walmart's stock was marginally lower.
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Amazon says consumers cautious, forecasts revenue below Wall Street targets

CORRECTED-UPDATE 7-Amazon says consumers cautious, forecasts revenue below Wall Street targets Corrects to paragraph 11 to say Amazon Web Services is Amazon's cloud business, not Microsoft's By Greg Bensinger and Deborah Mary Sophia Aug 1 (Reuters) - Amazon.com AMZN.O reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly 8%.
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Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports

UPDATE 5-Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports Adds Elliott's response in paragraph 3, updates shares Aug 1 (Reuters) - Elliott Management has proposed board expansion and governance improvement at coffee chain Starbucks SBUX.O as part of a settlement that would allow CEO Laxman Narasimhan to keep his position, CNBC reported on Thursday.
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Kraft Heinz retains annual profit target; demand woes drag sales

UPDATE 5-Kraft Heinz retains annual profit target; demand woes drag sales Adds CEO comment in paragraph 4 By Savyata Mishra July 31 (Reuters) - Kraft Heinz KHC.O slashed its organic sales forecast for 2024 on Wednesday, signaling subdued demand for its branded snacks and Lunchables meal kits, but its shares rose about 4% in early trading as the Jell-O maker maintained its profit expectations.
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Jilted M&A target opens books on data room angst

RPT-BREAKINGVIEWS-Jilted M&A target opens books on data room angst The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jeffrey Goldfarb NEW YORK, July 29 (Reuters Breakingviews) - Drilling deeply is an essential part of the oil business, even for Phillips 66 PSX.N , which refines and transports the fossil fuel. In the case of its M&A due diligence, a jilted takeover target accuses the $60 billion company of going too far.
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P&G posts surprise sales drop as demand slows despite price restraint

UPDATE 6-P&G posts surprise sales drop as demand slows despite price restraint Expands on CEO Jon Moeller's comments, adds investor commentary By Ananya Mariam Rajesh and Jessica DiNapoli July 30 (Reuters) - Procter & Gamble PG.N posted a surprise drop in fourth-quarter sales, as the company's efforts to reel in years of steep price hikes failed to win over price-conscious consumers who snubbed the company's pricier Charmin toilet paper and Pampers diapers.
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Pepsi India bottler Varun Beverages misses Q2 view on higher expenses

Pepsi India bottler Varun Beverages misses Q2 view on higher expenses BENGALURU, July 30 (Reuters) - Pepsi India bottler Varun Beverages VARB.NS just missed analyst expectations for second quarter profit on Tuesday, dragged by higher raw material expenses despite healthy sales. Shares of Varun Beverages, which produces and bottles popular beverages such as Mirinda, Mountain Dew and Slice, were down 5.4% at 1595 rupees as of 6:40 a.m.
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Jilted M&A target opens books on data room angst

BREAKINGVIEWS-Jilted M&A target opens books on data room angst The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jeffrey Goldfarb NEW YORK, July 29 (Reuters Breakingviews) - Drilling deeply is an essential part of the oil business, even for Phillips 66 PSX.N , which refines and transports the fossil fuel. In the case of its M&A due diligence, a jilted takeover target accuses the $60 billion company of going too far.
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PepsiCo Declares Quarterly Dividend Of $1.355 Per Share

BRIEF-PepsiCo Declares Quarterly Dividend Of $1.355 Per Share July 25 (Reuters) - PepsiCo Inc PEP.O : PEPSICO -DECLARED A QUARTERLY DIVIDEND OF $1.355 PER SHARE OF PEPSICO COMMON STOCK Source text for Eikon: ID:nPn8RsBLXa Further company coverage: PEP.O
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Street View: Coca-Cola poised for strong revenue, profit growth compared to peers

BUZZ-Street View: Coca-Cola poised for strong revenue, profit growth compared to peers ** Coca-Cola KO.N raised its annual sales and profit forecasts on Tuesday, betting on benefits from price hikes and an advertising blitz, mainly in international markets ** Shares trading marginally up at $64.96 on Wednesday COCA-COLA'S INFLATED BEAT PUTS IT AHEA
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Visa's revenue miss prompts caution on Wall Street

UPDATE 1-Visa's revenue miss prompts caution on Wall Street Updates stock prices in paragraphs 4 and 7 By Niket Nishant and Manya Saini July 24 (Reuters) - Visa's V.N underwhelming third-quarter revenue prompted a number of brokerages to cut their price targets on the company's stock, stoking concerns about slowing growth in customer spending and casting a shadow on the U.S.
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