Growing consumer aversion to processed and packaged foods continues to take its toll on cereal maker General Mills (NYSE: GIS), which just announced it was unloading its Green Giant brand of canned and frozen vegetables to B&G Foods (NYSE: BGS) for $765 million.
Shares of Qihoo 360 (NASDAQ: QIHU) initially saw gains after the company released its second quarter 2015 earnings report this week. Just a day later, however, investors reversed course and started selling off their shares. So, which was the right call to make? Were the earnings good or bad? This is what we aim to find out today, as we take a look at the results.
Generic drugs producer Lannett (NYSE: LCI) is adding a new asset to its portfolio. The company announced this week that it signed a definitive agreement to acquire specialty generics maker, Kremers Urban Pharmaceuticals, a division of Belgian pharmaceutical UCB.