Raising Prices

J. M. Smucker Company (NYSE: SJM) reports Q2 EPS of $1.18, 14 cents better than the analyst estimate of $1.04. Revenue for the quarter was $1.28 billion, which compares to the estimate of $1.24 billion. Shares are currently up over 5%.

Highlights From SJM's Q2 Conference Call:
Sees FY10 sales of $4.5 billion and EPS of $3.95 - $4.05 ex-items. Consensus sees $4.55 billion and $3.83, respectively.
(Chairman and Co-Chief Executive Officer) We delivered the highest quarterly sales and earnings results in our history.
Sales are up 52%, mainly due to the addition of Folgers. Profits were up in each business segment. Non-GAAP earnings per share were up 21%. And cash from operations exceeded 210 million.
As we celebrate the one-year anniversary of completing the Folgers merger, the Coffee business performance continues to exceed our expectations. We experienced another strong quarter in Coffee in both sales ...

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/badb14/focusing_on_gold_a) has announced the addition of the "Focusing on Gold and the US Gold Industry" report to their offering. Gold is a highly sought-after precious metal which, for many centuries, has been used as money, a store of value and in jewelry. The metal occurs as nuggets or grains in rocks, underground "veins" and in alluvial deposits. Gold forms the basis for a monetary standard used by the International Monetary Fund (IMF) and the Bank for International Settlements (BIS). ...

LAKE BLUFF, Ill.--(BUSINESS WIRE)-- Moebs $ervices updated its June 2009 survey of more than 2,000 banks and credit unions and found that Wall Street banks, those with assets greater than $50 billion, lowered their price on overdrafts by 1.3 percent. "While this is a small decrease, it is the first time in 17 years that we have seen the huge banks show some reduction in overdraft prices," said Michael Moebs, economist and CEO of Moebs Services. Overall, 2 percent of financial institutions charging overdrafts reduced ...

NAPERVILLE, Ill., Nov. 19, 2009 (GLOBE NEWSWIRE) -- Nalco (NYSE: NLC), providing essential expertise for water, energy and air, announced today that Chief Technology Officer Manian Ramesh, Ph.D., will participate in a panel discussing water issues at the Midwest Clean Tech 2009 conference being held Nov. 23-24 at the Federal Reserve Bank of Chicago. Dr. Ramesh will present "Water Sustainability - An Industrial Perspective" on Monday, Nov. 23. Water management and the technologies employed affect a broad range of issues including community development, power production, agriculture, biofuel production, industrial development and the environment. "Water is an important part of many industries -- more than half of the 410 billion gallons of water withdrawn every day in the United States is for use by industry, mining and power generation," explains Dr. Ramesh. "Finding ways to reduce that use of fresh water to help deal with water scarcity -- ...

WEST CHESTER, Ohio, Nov. 19 /PRNewswire-FirstCall/ -- AK Steel (NYSE: AKS) said today that it will increase spot market prices for its carbon steel products, effective January 1, 2010. Base prices for hot rolled products will increase by ...