Americans are boosting spending on cigarettes for the first time in almost a decade, and that’s helping to propel a rally sweeping through themunicipal-bond market. High-yield tobacco bonds, which are repaid from legal-settlement money that state and local governments receive from cigarette companies, returned 9.4 percent this year through Monday, almost five times the broader … [Read more...]
PepsiCo Does Better Than Wall Street Predicted
PepsiCo's third-quarter profit topped Wall Street expectations as the maker of Frito-Lay snacks and Mountain Dew soda hiked prices and trimmed costs. The Purchase, New York, company raised its 2015 earnings growth target, citing its year-to-date results and outlook for the rest of the year. … [Read more...]
US Stocks Move Higher. Energy, GE, Twitter Are Among Gainers
U.S. and global stocks rose in midday trading Monday after a gloomy jobs report last week led investors to expect that the Federal Reserve will postpone its first interest rate increase in nearly a decade. Energy stocks rose along with the price of oil. … [Read more...]
Hershey Supports Supply Chain to Basic Nutrition for Children in Ghana
The Hershey Company (NYSE: HSY) announced a new Clinton Global Initiative (CGI) Commitment to Action to train 7,500 farmers in Ghana on improved agronomic practices, empowering them to supply local commercial markets with safe and high-quality peanuts to produce Vivi, a vitamin and mineral-fortified nutritional supplement distributed to school children in Ghana. Hershey commits … [Read more...]
Volkswagen to Recall About 500,000 Vehicles Due to Emissions Software Issue
On Friday, The Obama administration instructed Volkswagen to recall approximately 500,000 vehicles due to a software Volkswagen purposely designed to avoid the environmental standards for smog reduction. The Environmental Protection Agency issued Volkswagen a notice of violation and made accusations that they illegally place software in their vehicles that is known as a … [Read more...]
European Shares Advance After Late Rally in Shanghai
European stocks rose Tuesday after a late rebound in Chinese markets despite trade data showing headwinds for the global economy. … [Read more...]
World Stocks Gain Amid China Holiday, Dollar Falls
World stocks rose Thursday as a holiday in China gave investors a break from its torrid markets while the dollar fell on diminishing expectations for a Federal Reserve rate hike this month. … [Read more...]
Things You Didn’t Know About Domino’s Pizza
For many of us, Domino’s Pizza was an essential part of our childhood. From being slightly confused by The Noid to counting down that 30-minute window in which they promised our pizza would be delivered, delivery pizza was synonymous with Domino’s. But even if no weekend is complete without a Domino’s delivery, we bet that there are plenty of things you didn’t know about this … [Read more...]