Stock Update On Pep, Sjm And Prot From Pennytobuck.com
PROTEONOMIX, INC
PROTEONOMIX, INC. (PROT.OB), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, applauds the actions taken by the Costa Rican Ministry of Health to crack down on unauthorized stem cell clinics. The chief of the ministrys research council, Dr. Ileana Herrera, stated, If (stem cell treatments) efficacy and safety has not been proven, we dont believe it should be used.
PROT.ob has developed a catalog of intellectual properties and patent applications. These technologies are designed to work together in a synergistic fashion. Our initial focus in stem cell therapeutics is to achieve a leadership position in:
the development of identification biomarkers (a biomarker is a substance used as an indicator of a biological state relating to the complete range of genes found in biological structure and processes of the living body), that can aid in understanding the prediction, cause, diagnosis, progression, regression, or outcome of treatment of disease;
the development of stem cell therapies for disease and injury;
the performance of reproductive cell/tissue laboratory services
PepsiCo, Inc. (NYSE:PEP) announced that Massimo d'Amore, CEO, PepsiCo Beverages Americas, and Eric Foss, CEO, Pepsi Beverages Company, will present at the Barclays Back-to-School Consumer Conference in Boston, Mass. at approximately 9:45 a.m. Eastern Time on Tuesday, September 7, 2010.
PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that each generates more than $1 billion in annual retail sales. Our main businesses - Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade - also make hundreds of other nourishing, tasty foods and drinks that bring joy to our consumers in more than 200 countries. With annualized revenues of nearly $60 billion, PepsiCo's people are united by our unique commitment to sustainable growth, called Performance with Purpose. By dedicating ourselves to offering a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, PepsiCo balances strong financial returns with giving back to our communities worldwide. For more information, please visit www.pepsico.com.
The J. M. Smucker Company (NYSE:SJM) announced results for the first quarter ended July 31, 2010, of its 2011 fiscal year.
SJM achieved volume gains in Folgers and Dunkin' Donuts brand coffee, Jif peanut butter, Hungry Jack pancake mixes and syrups, and beverages in natural foods. Net sales in the first quarter of 2011 were essentially equal to the first quarter of 2010 as the impact of favorable foreign exchange rates and sales mix offset the impact of the potato business divestiture and an overall 3 percent decline in volume. The volume decline in the first quarter of 2011 was driven by the Company's oils and baking brands in the U.S. and Canada. The impact of price changes on net sales was not significant in the first quarter of 2011, compared to 2010.
Operating income decreased $3.7 million, or 2 percent, in the first quarter of 2011, compared to 2010, due to an increase in special project costs of approximately $13.7 million. Excluding the impact of special project costs in both periods, operating income increased $10.1 million, or 5 percent, and improved from 17.6 percent of net sales in 2010, to 18.7 percent in 2011. For more information please visit http://www.smucker.com
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by: Bill Pennyman
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