Del Monte to buy Meow Mix for 705 million dollars
Del Monte Foods announced a 705 million dollar deal to acquire cat food maker Meow Mix Holdings, including about 23 million in tax benefits. Financing includes proceeds from selling its private-label soup and infant-feeding business to TreeHouse Foods and a separate 210 million dollar deal. Meow Mix is based in Secaucus New Jersey and posted 2005 revenue of 295 million.
MENTIONED IN THIS ARTICLE
del Monte Foods
Meow Mix Holdings
del Monte
TreeHouse Foods Inc
Iowa St
Lawrence
Meow Mix
Secaucus
N.J
New York Stock Exchange
Contact details for Mark Fagan business editor
Mark Fagan is the business editor at LJWorld. Reach him at 832-7188 or mfagan@ljworld.com for business news inquiries and features.
MENTIONED IN THIS ARTICLE
Mark Fagan
Mfagan
Ljworld
Ljworld.com
Stocks Of Local Interest PPE explains price earnings ratio
PPE represents projected price earnings ratio derived by dividing closing price by the upcoming 12 months earnings per share. Earnings estimates come from I/B/E/S. A PPE below PE suggests higher next year earnings. a PPE above PE suggests lower next year earnings.
Mortgage rates dip for second week by Freddie Mac survey
The Freddie Mac survey shows 30-year fixed rate mortgages averaging 6.24 percent this week, down from 6.26 percent last week. Analysts expect only modest increases for the rest of the year, with forecasts ranging from 6.5 to potentially 7 percent by year end. 15-year fixed rates hold at 5.89 percent while 1-year ARMs edge to 5.34 percent.
MENTIONED IN THIS ARTICLE
At&t Inc
Bb&t Cp
BET
Berkh
Boeing
BrookeCp
BNI
ChoicePt
Cisco
CSCO
Chigro
CocaCl
ColgPal
Exxon
XOM
Fordm
Gannett
Gcl
Garmin
GRMN
Genentch
GenElec
Goodyear
GtPlalnEn
HCA Inc
Harleyd
Heinz
HNZ
Hercules
HPC
Honwlind
Intel
IBM
Johnnn
JNJ
Kroger
STAR
Lucent
Maceric
MAC
Merck
MRK
Microsoft
MSFT
Oreillyas
ORLY
ParkDri
PayiShoe
PSS
Penney
PeopEn
PGL
PepsiCo
PEP
PFE
ProdGam
Tapestry Rset
UPS
WellsFrago
WFC
WmsCos
WMB
XcelEngy
Zimmer
Washington
Freddie Mac
Federal Reserve
Frank Nothart
Hallmark posts flat revenue in 2005 results
Hallmark Cards Inc reported consolidated revenues of 4.2 billion dollars for last year, down 200 million from 2004, with profits declining as the firm shed a portrait subsidiary and Crown Media's international business. North America revenue was flat, and plans included adding 125 jobs at its McDonald Drive Lawrence plant as card production ends at Leavenworth.
MENTIONED IN THIS ARTICLE
Hallmark Cards Inc
Crown Media
Hallmark
Julie O’dell
Hallmark North America
McDonald Drive
Lawrence
Leavenworth
White House
Binney & Smith
Crown Center
Kansas City
Hallmark Entertainment
Hallmark International
Donald J. Hall Jr
Hall
Audrey's Hallmark
Tax rules on home sale profit for long-held residence
Homeowners who do not meet the two of five year rule may qualify for a partial exclusion if the move is job related health related or due to certain life events. With a $50 000 gain and a 14 month occupancy the couple could keep up to $290 000 tax-free. If no partial exclusion applies capital gains tax at 15 percent likely applies. Consult an accountant for specifics. David W. Myers has long experience in real estate reporting.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
WwWw
Irs
Grain and beef futures move on Chicago markets
Chicago Board of Trade soybeans and wheat rose on Thursday while corn and oats gained modestly. Beef futures fell on the CME with lean hogs and pork bellies mixed. local elevator quotes showed soybeans near 5.54 and wheat around NA to 4.23 at various elevators. Gold and nonferrous prices were listed for Thursday with spot rates in New York markets.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland
Lawrence North
Lawrence South
Pauline
Also Mentioned on This Page
Japan
U.S
U.S. Agriculture
Mike Johanns
United States
Johanns
Yomiuri Shimbun
Tokyo
International
Dubai
Dubai International Capital , LLC
Georgia
Connecticut
Check Point Software Technologies Ltd
Dubai International Capital
Doncasters Group Ltd
By Martin Cruisinger
Associated Press
SY Thayett
Orlin Wagner
David W. Myers
Los Angeles Times
Investor
Business Daily
Bob
Handy & Harman
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