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$HSY expects full-year 2016 net sales to increase around 1%, including a net benefit from acquisitions and divestitures of about 0.5 points and the impact of unfavorable FX rates of 1 point. $HSY expects adjusted diluted EPS for 2016 to increase 3-4%, including barkTHINS dilution of $0.05-0.06 per share and be in the $4.24-4.28 range.
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.
$C gets hit with a $25 million fine for spoofing charges. Interesting! This is the first time a bank has been hit with such charges.
Your favorite snack maker $MDLZ is selling its Vegemite brand to Bega Cheese. Don’t worry though, Oreo will stay, in fact the move was made to focus on Oreo and Cadbury. On a side note, tell your mate in Australia because Bega Cheese is a worth buy there now.
We all know oil is the buzzword in recent times. But if you did not know $RRC has as much as 40% upside in this year, do take a look. Don’t let the recent news about increased US oil production scare you, the rally isn't over!