Kellogg Steals Pringles From Diamond Foods
At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:
- Diamond Foods (NAS: DMND) lost its chance to buy Procter & Gamble's (NYS: PG) Pringles business. Kellogg (NYS: K) agreed to buy the Pringles brand from P&G for $2.7 billion.
- Zynga (NAS: ZNGA) reported its first earnings since going public. While the game maker posted a loss for the quarter, I believe the company's strong position within the social gaming space should help Zynga outperform the market in the long run. For that reason, I'm giving the stock a thumbs-up CAPScall on my account on Motley Fool CAPS.
- Deere (NYS: DE) beat estimates and reported a profit for its first quarter, as higher income for farmers led to more investments in farming equipment like Deere's signature green and yellow machines.
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At the time this article was published Fool contributor Tamara Rutter owns shares of Zynga and Procter & Gamble. Follow her on Twitter using the handle @TamaraRutterfor daily roundup coverage and other Foolish insights.Motley Fool newsletter services have recommended buying shares of Procter & Gamble. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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