Hershey sale talks end as board rejects bids
Hershey Foods Corp. board votes 10-7 to abandon sale after rejecting two bids from Kraft Wrigley and Nestle Cadbury as too low or not in the community’s interest. Chairman Robert Vowler said the sale talk is over despite rising pressure from Pennsylvania officials and local residents.
MENTIONED IN THIS ARTICLE
King OF Prussia, Pa
Hershey Foods Corp
Robert Vowler
Hershey Trust Co
Wimn Wreklayer Co
Nestle
Cadbury
Vowler
Hershey Foods
Wrigley
Nestle and
Hershey
Sidlédink Neyge Tesra An 2
Mike Fisher
Fisher
Hershey Park
Wrigley Field
Pennsylvania
Milton Hershey
August Memmi
Derry Township
Trust Company
Trust
Milton Hershey School For
Coffee crisis hits home for showers
In El Paraiso Nicaragua a coffee crisis drives hunger with 14 deaths last month and 6,000 malnourished nationwide. Oxfam notes coffee prices at 100 year lows, harming farmers who earn about 1.40 dollars daily. Hundreds abandon fields as banks fail and aid lags.
MENTIONED IN THIS ARTICLE
EL Paraiso
Nicaragua
Paradise
Oxfam
Vietnam
Ethiopia
Nestle S.A
Kraft Foods Inc
Sara Lee Corp. Procter & Gamble Co
Tchyho Holding AG
la Hacienda San Luis
Santo Santeno
Consumer prices rise in August amid inflation worry
August CPI shows a 0.3 percent rise from July led by energy and apparel, signaling stronger inflation but economists expect weak demand to cap price gains. Trade deficit fell to 34.6 billion in July as exports rose, helped by overseas demand for U.S. autos and parts.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Richard Yamarone
Argus Research Corp
Mark Zand
Economycom
United States
Iraq
Federal Reserve
Fed
Commerce Department
U.S
Paul Taylor
National Automobile Dealers Association
Nike
Stocks Slip As Third Quarter Earnings Loom Large
Stocks fell on a choppy session as investors, wary of third quarter earnings, pushed the Dow down 35.10 to 17,172.45 and the Nasdaq to 1,252.13. JP Morgan Chase led declines after forecasting weak Q3 profits, dragging the banking sector and weighing sentiment amid inflation data and a cooling economy. Nike rose after strong guidance while overall volume ran 1.48 billion shares.
MENTIONED IN THIS ARTICLE
New York
J.P. Morgan Chase
J.P. Morgan
Tony Cecin
US Bancorp
Ing
Standard & Poor
Iraq
Historoc
Joseph V. Battipaglia
Ryan Beck & Co
Whch
JP Morgan Chase
Citibank
American launches new shuttle flights from LaGuardia
American Airlines starts 10 weekday round trips between New York LaGuardia and Boston Logan and adds 10 between LaGuardia and Washington Reagan National, running from Tuesday and October 1 respectively. Flights will be operated by American Eagle using Embraer regional jets. The carrier also plans a $100 million terminal upgrade at Lambert Airport in St Louis after acquiring TWA.
MENTIONED IN THIS ARTICLE
Fort Worth, Texas
American Airlines
American
New York
LaGuardia
Boston
Logan
Washington
Ronald Reagan National
Tara Ratan
AMR Corp
Enue
American Eagle
Delta Air Lines
US Airways
Delta
Lambert Airport
St. Louis
Lambert
Trans World Airlines
Also Mentioned on This Page
Sale
Liste Wwe
Milton S. Hershey
Hershey Chocolate Co
Lancaster Caramel Co
Chocolate Avenue
Jolly Rancher
Hershey, Pa
Julio Solorzano
Solorzano
London
The
Stock Exchange
Oracle
New York Stock Exchange
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