Will President Trump Make A Wise Decision or a Dangerous One?

Trump almost took the country to the abyss, but instead he stopped and made the smarter choice. Instead of giving Bannon a rubber stamp on the national security council he gave the national security state a man they trust and respect.

General known for sharp questions will be Trump's new top security adviser - Reuters

Breaking Stock Market and Financial News

Kraft-Heinz confirms merger proposal with Unilver was declined

MarketWatch Market Pulse - Fri, 02/17/2017 - 08:09

Shares of both Kraft Heinz Co. and Unilever PLC rose in Friday premarket trading after Kraft announced that it made a merger proposal to Unilever that was declined. Shares of Unilever shot up 8.1% while Kraft Heinz stock rose 3.1%. "While Unilever has declined the proposal, we look forward to working to reach an agreement on the terms of a transaction," Kraft Heinz said in the statement. Kraft brands include Oscar Meyer, Velveeta and Jell-O. Dove, Lipton and Vaseline are among Unilever's brands. Kraft stock is up 17.6% for the past year, Unilever shares are down 1.4% for the period, and the S&P 500 index is up 21.8% for the last 12 months.

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Campbell Soup Co. stock slumps after second-quarter sales miss

MarketWatch Market Pulse - Fri, 02/17/2017 - 07:32

Campbell Soup Co. shares slumped nearly 1% in pre-market trade Friday after the company reported second-quarter sales that missed expectations. Earnings for the latest quarter fell to $205 million, or 33 cents per share, from $414 million, or 85 cents per share in the year-earlier period. Adjusted earnings-per-share were 91 cents, above the FactSet consensus of 88 cents. Revenue fell to $2.17 billion from $2.20 billion, below the FactSet consensus of $2.22 billion. Chief Executive Officer Denise Morrison said she was "not satisfied with our sales performance this quarter," attributing the decline to the Campbell Fresh segment, which performed below expectations. The segment, which caused troubles last year too, will take longer to recover the originally planned and is not expected to grow this fiscal year, Morrison said. Still, she said the company is confident in the growth potential of this category. Campbell shares have risen 15.4% over the last three months, compared with a 7.3% rise in the S&P 500 .

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Fruit spread company J.M. Smucker gives downbeat 2017 forecast after Q3 sales fall short

MarketWatch Market Pulse - Fri, 02/17/2017 - 07:19

Shares of J.M. Smucker Co. fell 2.8% in light premarket trade on Friday after the food and fruit spread company reported fiscal third-quarter sales that missed Wall Street expectations. Net income for the quarter was $134.6 million, or $1.16 per share, compared with $185.3 million, or $1.55 per share during the same quarter a year ago. Adjusted earnings per share were $2.00, which was in line with FactSet's consensus. J.M. Smucker sales hit $1.88 billion, down from $1.97 billion during the year-earlier period, and below FactSet's $1.92 billion consensus. The company said it expects 2017 sales to decrease 5% from fiscal 2016, excluding divestiture, net sales are forecast to decrease 3%. J.M. Smucker had previously forecast a 0% to 1% decrease in net sales. The company also said full year 2017 EPS should fall in the range of $7.60 to $7.70. Analysts tracked by FactSet expect J.M. Smucker to report full-year per-share earnings of $7.68. Shares of J.M. Smucker have gained 8% in the trailing 12-month period. By comparison, the S&P 500 Index has gained nearly 22% in the same time frame.

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Deere's stock jumps after profit and sales beat, upbeat outlook

MarketWatch Market Pulse - Fri, 02/17/2017 - 07:01

Shares of Deere & Co. surged 2.8% in premarket trade Friday, after the maker of construction and agricultural equipment beat fiscal first-quarter profit and sales expectations and provided an upbeat outlook. Earnings for the quarter to Jan. 29 fell to $193.8 million, or 61 cents a share, from $254.4 million, or 80 cents a share, in the same period a year ago. The FactSet earnings-per-share consensus was 56 cents. Net sales slipped to $4.70 billion from $4.77 billion, but was above the FactSet consensus of $4.62 billion, as agriculture and turf and construction and forestry sales both topped expectations. Total revenue rose to $5.63 billion from $5.52 billion, beating expectations of $5.41 billion. Looking ahead, Deere expects 2017 revenue growth of 4%, while the FactSet consensus implies flat revenue. The stock has rallied 19% over the past three months, while the S&P 500 has gained 7.3%.

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Hard to detect, China bird flu virus may be more widespread

Top Reuters News - Fri, 02/17/2017 - 05:48
BEIJING (Reuters) - Bird flu infection rates on Chinese poultry farms may be far higher than previously thought, because the strain of the deadly virus that has killed more than 100 people this winter is hard to detect in chickens and geese, animal health experts say.

Malaysia says needs kin's DNA before releasing Kim Jong Nam's body

Top Reuters News - Fri, 02/17/2017 - 04:23
KUALA LUMPUR (Reuters) - Malaysian police said on Friday it will not release the body of the estranged half-brother of North Korean leader Kim Jong Un until it receives DNA samples from his next-of-kin.

Supreme Court to set guidelines for Trump treatment of non-citizens

Top Reuters News - Fri, 02/17/2017 - 03:46
WASHINGTON (Reuters) - The U.S. Supreme Court will decide three cases in coming months that could help or hinder President Donald Trump's efforts to ramp up border security and accelerate deportations of those in the country illegally.

Venezuela opposition parties fear election ban as Socialists dig in

Top Reuters News - Fri, 02/17/2017 - 03:40
CARACAS (Reuters) - Venezuela's government is pushing forward with measures that could exclude some opposition political parties from future elections, potentially paving the way for the ruling Socialists to remain in power despite widespread anger over the country's collapsing economy.

Wailing, anger at Sufi shrine in Pakistan after bomber kills 77

Top Reuters News - Fri, 02/17/2017 - 03:26
SEHWAN SHARIF, Pakistan (Reuters) - Wailing Sufi devotees thronged a blood-stained shrine in southern Pakistan on Friday, shouting at police a day after a suicide bomber killed at least 77 people in an attack claimed by a regional branch of Islamic State.

In Mosul orphanage, Islamic State groomed child soldiers

Top Reuters News - Fri, 02/17/2017 - 03:24
MOSUL, Iraq (Reuters) - When the boys first arrived at the Islamic State training facility in eastern Mosul they would cry and ask about their parents, who went missing when the militants rampaged through northern Iraq in 2014.

Samsung chief Lee arrested as S.Korean corruption probe deepens

Top Reuters News - Thu, 02/16/2017 - 22:56
SEOUL (Reuters) - Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world's biggest maker of smartphones and memory chips.

Europe must not bow to U.S. spending demands on NATO: EU's Juncker

Top Reuters News - Thu, 02/16/2017 - 21:29
MUNICH, Germany (Reuters) - European Commission President Jean-Claude Juncker said on Thursday that Europe must not cave in to U.S demands to raise military spending, arguing that development and humanitarian aid could also count as security.

Facebook CEO warns against reversal of global thinking

Top Reuters News - Thu, 02/16/2017 - 21:17
SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg laid out a vision on Thursday of his company serving as a bulwark against rising isolationism, writing in a letter to users that the company's platform could be the "social infrastructure" for the globe.

Trump's pick for national security adviser turns down offer: White House official

Top Reuters News - Thu, 02/16/2017 - 20:36
WASHINGTON (Reuters) - President Donald Trump's choice for national security adviser, retired Vice Admiral Robert Harward, has turned down the offer, a senior White House official said on Thursday.

Trump's pick for national security adviser turns down offer: White House official

Top Reuters News - Thu, 02/16/2017 - 19:39
WASHINGTON (Reuters) - President Donald Trump's choice for national security adviser, retired Vice Admiral Robert Harward, has turned down the offer, a senior White House official said on Thursday.

As talks falter, Moscow finds brokering Syria peace trickier than waging war

Top Reuters News - Thu, 02/16/2017 - 19:14
ASTANA (Reuters) - With its show of military force, Russia changed the tide of the Syrian civil war. It is finding the next phase -- brokering an end to the fighting -- a tougher proposition.

Trump national security pick to replace Flynn reportedly turns down job

MarketWatch Market Pulse - Thu, 02/16/2017 - 18:44

President Donald Trump's replacement for national security adviser Michael Flynn has rejected the offer, according to media reports late Thursday. Vice Admiral Robert Harward, a former Navy SEAL, was offered the job by Trump following the resignation of Flynn because of his controversial communications with Russian officials. CBS News reported Harward turned down the job because he and "the administration had a dispute over staffing the security council." The Financial Times reported that Harward turned down the job because of his perceived conflict "between the call of duty and the obvious dysfunctionality" of the White House. Both CBS and FT cited two unnamed sources close to the situation.

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'I'm not ranting and raving.' Trump on defensive in first solo news conference

Top Reuters News - Thu, 02/16/2017 - 17:58
WASHINGTON (Reuters) - The first gripe came three minutes into President Donald Trump's first solo news conference on Thursday, when he accused reporters of ignoring a poll showing him with a 55 percent approval rating - a figure at odds with most other surveys.

Nu Skin shares skid as revenue shrinks

MarketWatch Market Pulse - Thu, 02/16/2017 - 16:39

Shares of Nu Skin Enterprises Inc. sank in Thursday's extended session after the skin-care products company reported lower revenue in most markets except Europe, Middle East and Africa. Nu Skin said its fourth-quarter earnings rose to $38.2 million, or 69 cents a share, from $35.8 million, or 62 cents a share, a year earlier. The result includes 10 cents a share tax charge stemming from a regulatory change. Revenue fell to $531.3 million from $572.2 million. Analysts surveyed by FactSet had forecast earnings of 79 cents a share and revenue of $561 million. The company said it will name a successor to replace Chief Financial Officer Ritch Wood, who is slated to take over as chief executive later this year, but did not elaborate further. Separately, the company hiked its quarterly dividend to 36 cents from 35.5 cents a share. Nu Skin skidded more than 8% after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Trump dismisses Russia controversy as 'scam' by hostile media

Top Reuters News - Thu, 02/16/2017 - 16:36
WASHINGTON (Reuters) - President Donald Trump dismissed a growing controversy about ties between his aides and Russia on Thursday as a "ruse" and "scam" perpetrated by a hostile news media, and denied that any of his associates had contacts with Moscow before last year's election.

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