McCormick boosts revenue via Gourmet Garden and One World Foods deals
Spice maker McCormick & Co. reports stronger sales as acquisitions drive growth. The Gourmet Garden takeover in April and One World Foods purchase last year boosted revenue, but the company also faces acquisition related expenses as it plans its latest quarterly earnings.
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Hughes weekly tally shows rig count at 512 with oil focus
Oil and gas rigs in the US totaled 512 this week up from 507 last week. Of these 416 are drilling for oil and 92 for natural gas with one listed as miscellaneous. The count compares to 838 rigs a year earlier and to a peak of 4530 in 1981.
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Market Moves Narrow as 10 Year Yield Edges Lower
The yield on the 10 year Treasury slipped to 1.56 percent on Thursday. Analysts say the move influences mortgage rates and borrowing costs across the economy.
FundFocus Morningstar Silver Rating Spotlight
Morningstar analysts rate this fund Silver for its focus on firms with strong management teams and solid market positions while maintaining disciplined valuations. Managers seek durable competitive standings and sustainable earnings power across holdings.
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Morningstar
Can You Beat the Market With Low Fees Then
The article argues beating market indexes is hard for mutual funds. Over ten years through June only 15 percent of large cap managers beat the S&P 500. For some categories the success rate is under 2 percent, while Morningstar notes low fees predict fund success, especially for index funds.
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