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Thursday, March 24, 2016

Gerber Recalls Organic Baby Food Due To Packaging Defect

Gerber Products Co. is voluntarily recalling specific batches of two varieties of GERBER Organic 2ND FOODS Pouches due to a packaging defect that may result in product spoilage during transport and handling.

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Judge criticises FTC in SPLS/ODP merger

Julie Brill, FTC Commissioner, and Steve Odland, CNBC Contributor and former Office Depot CEO, discuss the FTC's opposition of the proposed merger between Staples and Office Depot on antitrust allegations.

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Premier Foods under fire over handling of takeover bid

Two shareholders criticised company behind Mr Kipling and Ambrosia, after it rejected offer from US firm McCormick

A row has erupted during a takeover bid for Premier Foods – the company behind brands including Mr Kipling, Batchelors and Ambrosia – after two of its biggest shareholders criticised the way Premier was handling the bid approach.

Standard Life, which owns 7% of Premier, urged the company to engage in talks with its suitor McCormick – a US company known for Schwartz dried spices and sauces – after it rejected its advances. Paulson & Co, which owns more than 7%, also wants Premier to talk to McCormick, and other possible bidders.

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TiVo said to be in merger talks with Rovi

Rovi is in negotiations to buy the digital video recorder company, according to sources, The New York Times reports.

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Accenture Plc (ACN) Has Broken Out To A New High After Q2 Profit Beat

Accenture (ACN) reported second quarter adjusted EPS of $1.34 Thursday morning, which surpassed the consensus estimate of $1.18. Full year 2016 adjusted EPS is expected to be between $5.21 and $5.32. The consensus estimate is for EPS of $5.22.

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Higher Intake Of Food-based Vitamin C May Protect Against Cataract

Increased dietary intake of vitamin C can reduce the risk of nuclear cataract progression by 33%, claims a study led by King's College London. Nuclear cataract is the most common type of age-related cataract.

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Risk Off Mood Persists As Commodity Weakness Continues

The major U.S. index futures are pointing to a lower opening on Thursday, with sentiment reflecting risk aversion as commodities are extending their downward move. Among the economic reports released a short while ago, jobless claims fell less than expected, although there was downward revision to the previous week's numbers.

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