Consumer Goods & Retail
UPDATE 4-Hershey mulls $17 bln solo bid for Cadbury - source
* Hershey mulls bid of at least $17 bln for Cadbury-source Full Article
Porsche board okays merger contract with Volkswagen
FRANKFURT, Nov 20 (Reuters) - The supervisory board of indebted automotive holding Porsche SE signed off on a contract to merge with its majority-owned, cash-rich subsidiary Volkswagen by 2011, Porsche said on Friday. Full Article
PREVIEW-Black Friday deals may not signal retail comeback
CHICAGO, Nov 20 (Reuters) - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds. Full Article
UPDATE 1-Hershey's trust pushes for Cadbury bid -WSJ
NEW YORK, Nov 20 (Reuters) - The charitable trust that controls Hershey Co is pushing the company to launch a rival $17 billion bid for Cadbury Plc , the Wall Street Journal reported on Friday, citing people familiar with the matter. Full Article
UPDATE 1-P&G repurchasing shares, quiet on potential deals
* P&G repurchasing shares, likely less than $8 bln per yr Full Article
UPDATE 3-JM Smucker brews Q2 beat with Folgers coffee
* Shares rise 6 pct, touch 52-week high (Adds analyst comments, updates share movement) Full Article
UPDATE 2-Ford to invest $2.3 bln to boost output in Brazil
* Ford to invest 4 bln reais in Brazil, most in northeast Full Article
US shoppers going green despite struggling economy
NEW YORK, Nov 20 (Reuters) - Despite the worst U.S. recession in decades, sales of organic and sustainable products have continued to grow, experts say, with shoppers willing to spend a few more dollars in a bid to become more green. Full Article
UPDATE 1-Fiat cannot keep all Italy plants open-CEO
TURIN, Nov 20 (Reuters) - Fiat SpA may have to close factories in Italy, given sharp falls in auto sales which have changed the sector dramatically, Chief Executive Sergio Marchionne said on Friday. Full Article
UPDATE 3-AnnTaylor profit beats; cautious on holiday
* Sees Q4 sales down from pvs qtr, drop in gross margin Full Article
UPDATE 1-Foot Locker sees sales falling in final quarter
NEW YORK, Nov 20 (Reuters) - Athletic wear retailer Foot Locker Inc's chief financial executive said on Friday he expected sales at stores open at least a year to fall in the final three months of its fiscal year, which includes the holiday season, but did not provide a specific outlook. Full Article
Chrysler launches incentives on 2010 models
DETROIT, Nov 20 (Reuters) - Chrysler Group LLC on Friday launched a year-end sale for nearly all of its 2010 model year vehicles with zero percent financing or up to $4,000 cash to draw customers during the typically slower winter months. Full Article
Market Update
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Commodities
| Commodity | Last | Pct Chg | Trade Date/Time |
|---|---|---|---|
| Oil | 77.6 | -0.05% | 20 Nov 22:58 GMT |
| Gold | 1151.4 | +0.83% | 20 Nov 22:14 GMT |
