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Credit Suisse Remains Skeptical About Kraft Foods Group Inc (KRFT) Stock

Credit Suisse Remains Skeptical About Kraft Foods Group Inc (KRFT) Stock

Credit Suisse came up with a report on the stock of Kraft Foods Group Inc (NASDAQ:KRFT) today, in which the firm justified why it has maintained its Neutral outlook for the stock and the $85 target price for it. The target price indicates a return of just 0.6% from the […]

Coca-Cola India Might Shut Factories If Tax Goes Through

Coca-Cola India Might Shut Factories If Tax Goes Through

The Coca-Cola subsidiary in India said Friday that it might have to shut some of its bottling plants if the India government pushes a proposal through that would subject carbonated drinks to a sin tax of 40% as part of wide ranging fiscal overhaul. The beverage maker operates 57 bottling […]

United Nations Says More Americans Using Cannabis

United Nations Says More Americans Using Cannabis

To the surprise of no one the United Nations reported that more Americans are enjoying the pleasures of cannabis. The perception of marijuana use has changed dramatically with more and more states decriminalizing the plant. However, it is just not states like California, Washington and Colorado. Voters in Washington and […]

This Week’s Jobless Claims Data Negates Scares Of Job Growth

This Week’s Jobless Claims Data Negates Scares Of Job Growth

The jobless claims fell to a 15-year low in the past month, suggesting that the slowdown suggested by the March payroll data might have been a fluke This Week’s Jobless Claims Data Negates Scares Of Job Growth Over the past week (ended April 4), the number of Americans applying for […]

Crude Oil’s (USO) Price Movement Through The Week Ended May 22

Crude Oil’s (USO) Price Movement Through The Week Ended May 22

Crude oil prices closed in the red during the week ended May 22, on the back of a strong US dollar and a slowdown in rig closures in the US. Investors also booked profits during yesterday’s trade following two days of gains, driving the prices downward. During the week, US […]

Home Depot Beats the Street on Profit and Comparable Sales

Home Depot Beats the Street on Profit and Comparable Sales

Home Depot Inc, the largest home improvement chain in the world, posted comparable sales as well as profit for the quarter that was better than had been expected. The company said on Tuesday that demand increased across the board. Home Depot, which also increased its forecast for sales along with […]

Inditex Posts Strong Growth in Sales

Inditex Posts Strong Growth in Sales

Inditex, the largest clothing retailer in the world, posted strong growth in sales for its first five weeks of its new financial year. The retailer added that its pace of new store openings would be slowing down as part of the company’s trend of sales moving more to the Internet. […]

OPEC Members Say $80 Is “Fair”; Saudi Arabia Silent

OPEC Members Say $80 Is “Fair”; Saudi Arabia Silent

With international oil markets still mired in a downturn due to the sharp decline in crude prices, some members of the Organization of the Petroleum Exporting Countries (OPEC) are now openly calling for a new “fair” price for oil. In Vienna this week, oil ministers from Angola, Venezuela and Iraq […]