Del Monte Foods Company to Participate in the Morgan Stanley Global Consumer and Retail Conference November 13 - 15, 2007 and Kraft Foods 3Q Profit Drops 20 Percent
City of Industry, CA --(www.USEquityNews.com)-- 11/01/2007 - Consumer Goods industry alert provided by U.S. Equity News. Del Monte Foods Company (NYSE: DLM) announced recently that it will participate in the Morgan Stanley Global Consumer and Retail Conference being held in New York, New York on November 13 - 15, 2007. Del Monte invites interested parties to listen to its presentation, which will be webcast live on Wednesday, November 14, at 10:15a.m. ET (07:15a.m. PT). To access the live webcast and slides, go to www.delmonte.com, click on the Investor Tab and under Events click Morgan Stanley Global Consumer and Retail Conference.
Products International Inc. (NYSE: CPO), which makes syrup, starch and other ingredients from corn, reported its third-quarter profit rose on higher sales and a one-time gain, but missed Wall Street's earnings forecast. Net income increased to $51.1 million, or 66 cents per share, compared with $37 million, or 49 cents per share, during the same period a year earlier. Excluding a 5 cent per-share gain related to the company's holdings in Chicago Board of Trade Holdings Inc., which combined with Chicago Mercantile Exchange Holdings Inc. in July to form CME Group Inc., the company earned 61 cents per share.
Kraft Foods Inc. (NYSE: KFT) said recently that soaring dairy prices weighed down its third quarter profit, which fell 20 percent from year-ago results that included a one-time gain. Despite results that were also affected by investments in new products, the nation's biggest food and beverage maker posted better-than-expected revenue, sending shares up in morning trading. Executives said the costs to make its products are expected to climb nine percent this year.
NutraCea (OTCBB: NTRZ), a health science company and a world leader in stabilized rice bran (SRB) nutrient research and technology whose products include food supplements and medical foods, which provide health benefits for humans and animals recently announced that it has retained the Financial Relations Board (FRB) for investor relations services and an expanded communications program among the investment community.
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