August 27, 2002 |
Nestle, the Swiss food and beverage giant, reportedly has made an $11.5-billion preliminary bid for Hershey Foods Corp., the biggest U.S. chocolate maker whose trustees are now said to be growing less inclined to sell the venerable company. The news, based on two published reports Monday, sent shares of Pennsylvania-based Hershey up 2.4%, gaining $1.77 to $76.80 on the New York Stock Exchange.
January 31, 2001 |
Other earnings, excluding one-time gains or charges unless noted, include: * Avis Group Holdings Inc., which is being acquired by Cendant Corp., said fourth-quarter earnings rose 42% to $15.3 million, or 32 cents a share, a penny better than expectations, as sales edged down less than 1% to $1 billion. * Cardinal Health Inc., the second-biggest U.S. drug wholesaler, said fiscal second-quarter profit rose 21% to $214.6 million, or 75 cents a share, from $176.
October 25, 2000 |
Pfizer Inc. and Schering-Plough Corp. on Tuesday posted double-digit profit gains in their third quarter on strong sales of blockbuster medicines, but Pfizer shares fell on what some analysts said was disappointing growth of its cholesterol fighter Lipitor. Pfizer, the world's largest drug maker, said earnings from operating rose 30% to $1.71 billion, or 27 cents a share, beating the consensus Wall Street estimate of 25 cents.
July 27, 1999 |
EBay Inc. reported a better-than-expected profit for the second quarter as revenue more than doubled, despite repeated troubles with the online auctioneer's computer server that stymied would-be bidders. EBay said its profit before merger- and compensation-related expenses was $5.1 million, or 4 cents a share, down slightly from $5.2 million, or 5 cents, a year earlier. Revenue soared to $49.5 million from $19.5 million.
December 20, 2005 |
The distinctive chocolate bar on the dust jacket of a new book about the founder of the Hershey Co. violates the company's trademark, the candymaker said in a federal lawsuit. The company wants an injunction to prevent publisher Simon & Schuster Inc. from using Hershey-owned images to market "Hershey: Milton S. Hershey's Extraordinary Life of Wealth, Empire and Utopian Dreams," which is coming out next month.
July 26, 2005 |
Hershey Co. plans to acquire a Berkeley-based maker of premium dark chocolate bars and baking products. Hershey did not say how much it would pay for Scharffen Berger Chocolate Maker Inc. Scharffen owns and operates three stores in New York, San Francisco and Berkeley, and its products are carried in other specialty stores.
August 1, 2003 |
The world's largest piece of chocolate, at 6,750 pounds, was unveiled by Hershey Foods, enough to put it in the Guinness Book of World Records. Judiaann Woo, chef at the French Culinary Institute whose team sculpted the candy, said it was made with 53 layers of 10-pound blocks of chocolate. An audience of chocolate lovers, including local Girl Scouts, were on hand for the event.
February 20, 2008 |
The European Commission has asked for information on pricing practices by candy makers, a signal that regulators across the globe are taking a broader look into allegations of an industrywide price-fixing scheme. In its annual report, Hershey Co. said it fielded a request for information from the European Commission. A spokeswoman for Mars Inc. said it received a request from the body in mid-January.