Hershey to Acquire Amplify Snack Brands in Cash Deal
19 December, 2017, 11:18 | Author: Inez Murphy
The Standard & Poor's 500 index jumped 14.35 points, or 0.5 percent, to 2,690.16. The biggest gains have gone to companies that pay relatively higher tax rates, including smaller, US -focused companies, banks and retailers.
The Dow Jones industrial average picked up 140.46 points, or 0.6 percent, to 24,792.20.
Shares of Campbell Soup and Snyder's-Lance have risen after a report that the soup company is in advanced talks to buy the pretzel maker. In August the company reported profits had dropped 79 percent for the second quarter.
Buying Snyder's-Lance will "dramatically transform Campbell, shifting our center of gravity", Campbell CEO Denise Morrison said in a statement.
Based in Charlotte, NC, Snyder's-Lance produces iconic American snack brands like Cape Cod potato chips, Snyder's of Hanover pretzels, and the Lance brand.
Amplify's shares rose 71 percent to their highest in just over a year.
The tech heavy Nasdaq index gained nearly 53 points at 6,989. Cloud services provider Akamai Technologies leaped after Elliott Management, led by activist investor Paul Singer, disclosed a 6.5 percent stake in the company and said it wants to discuss changes to the company's business and other areas. The Camden firm had adjusted earnings before interest and taxes, or EBIT, of $1.49 billion, for fiscal 2017, a 2 percent gain.
HO, HO, HO: Joshua Mahony, market analyst at IG, cited grounds for optimism that included the prospect of corporate tax cuts that could leave companies with more money for earnings and dividends, along with news that German Chancellor Angela Merkel is inching close to a new governing coalition. Britain's FTSE 100 rose 0.4 percent to 7,519.43.
ENERGY: Benchmark U.S. crude added 23 cents to $57.53 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price worldwide oils, gained 18 cents to $63.41 a barrel in London.
Financial companies including regional USA banks did well Monday.
In Toronto, the TSX added 137 points at 16,178. Copper picked up 1 cent to $3.15 a pound.
Looking ahead, Bessert writes that the US will take steps to curtail North Korea's "ability to mount attacks, cyber or otherwise". The country has repeatedly denied responsibility for WannaCry and called other allegations about cyber attacks a smear campaign.
It "might as well have had "Made in Iran" stickers" on it, she said, adding that Iran was violating United Nations resolutions . The American said: "All of these weapons include parts made in Iran, some by Iran's government defence industry".
Gischlar says road pavement temperatures are around freezing meaning pre-treating roads with salt will be effective. A Winter Weather Advisory for snow means periods of snow will cause primarily travel difficulties.
Firmino nearly doubled that lead with an effort which deflected wide after excellent work by the ever-dangerous Salah. Yet, despite his red-hot form, manager Klopp was reluctant to single out the 25-year-old for praise.
Offensively, Boise State football averages 32.1 points and 400.4 total yards (254.5 in passing and 145.9 in rushing) per game. The last time Freeman addressed the subject, after a rout of Oregon State in the Civil War, Freeman said "I don't know.
It is probably safe to say this one won't happen, especially if this man has anything to say about it... Pressed about what he meant by a "true fight", McGregor confirmed he was indeed referring to MMA.
They were able to get a big-time win in Philadelphia on Friday night after they beat the Sixers in a triple-overtime thriller. Kevin Love enters the game fresh off two straight double-doubles, so the short-handed Jazz have their work cut out for them.
Among the slew of well-wishers from across the Twittersphere was Harvard alumnus and Brooklyn Nets basketball player Jeremy Lin. Little said his first thought after reading the letter was that his "life had been changed forever".
President Donald Trump on Monday used a multi-casualty train crash to plug his promise to invest in the nation's infrastructure. Engineer, can (you) comply with stop indications? The derailment was Amtrak's second in Washington state this year.
Jones, Marvin Jones , Kenny Golladay, Eric Ebron and Theo Riddick , they might have a future on Broadway with the Rockettes. Rich Eisen says the celebration was suggested to the Lions by Boogie Down Brown, a character played by Keegan Michael Key.
New Render Shows Galaxy S9 in 360-Degree Glory
The Galaxy S9 will look nearly exactly the same as the Galaxy S8 , save for design changes on the back. The Galaxy S8 was delayed from its original launch plan and didn't arrive until around April/May.
NASA discovers new planet using Google AI
The Kepler telescope is in its twilight years. "I'm sure there are more firsts in the data waiting for people to find them". And these planets resemble those around us: rocky planets circling in orbit near the star, with gas giants farther away.
Oil prices up slightly on pipeline outage support
The gravity of the Forties outage was magnified by an explosion one day later at a key hub for Russian gas imports into Europe. Oil prices climbed on Thursday as a pipeline shutdown in the United Kingdom's North Sea continued to lift the prices.