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Honey Nut Cheerios, a General Mills Inc. cereal brand, said Tuesday that it will commit 3,300 acres of land used for oat farming to pollinator habitats by 2020. The effort is designed to save bee colonies, which have experienced widespread die-offs in recent years. Honey Nut Cheerios said the pollinator habitats will be spread across 60,000 acres of land, and will include food sources and homes for North American bees. The acreage will be on oat farms used to supply Honey Nut Cheerios. Earlier this month, Scotts Miracle Gro Co. said it had expanded its garden product offerings that don’t include neonicotinoids. There are concerns that these chemicals are harmful to bees. General Mills shares are up 0.2% in Tuesday trading, and up 8.6% for the past year. The S&P 500 is down 1% for the last 12 months.

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.

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From:: Stock Market News

Honey Nut Cheerios, a General Mills Inc. cereal brand, said Tuesday that it will commit 3,300 acres of land used for oat farming to pollinator habitats by 2020. The effort is designed to save bee colonies, which have experienced widespread die-offs in recent years. Honey Nut Cheerios said the pollinator habitats will be spread across 60,000 acres of land, and will include food sources and homes for North American bees. The acreage will be on oat farms used to supply Honey Nut Cheerios. Earlier this month, Scotts Miracle Gro Co. said it had expanded its garden product offerings that don’t include neonicotinoids. There are concerns that these chemicals are harmful to bees. General Mills shares are up 0.2% in Tuesday trading, and up 8.6% for the past year. The S&P 500 is down 1% for the last 12 months.

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.

…read more

From:: Stock Market News

Honey Nut Cheerios, a General Mills Inc. cereal brand, said Tuesday that it will commit 3,300 acres of land used for oat farming to pollinator habitats by 2020. The effort is designed to save bee colonies, which have experienced widespread die-offs in recent years. Honey Nut Cheerios said the pollinator habitats will be spread across 60,000 acres of land, and will include food sources and homes for North American bees. The acreage will be on oat farms used to supply Honey Nut Cheerios. Earlier this month, Scotts Miracle Gro Co. said it had expanded its garden product offerings that don’t include neonicotinoids. There are concerns that these chemicals are harmful to bees. General Mills shares are up 0.2% in Tuesday trading, and up 8.6% for the past year. The S&P 500 is down 1% for the last 12 months.

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.

…read more

From:: Stock Market News

U.S. stocks on Tuesday opened modestly higher, putting the market on track to rebound somewhat after dropping in two of the past three sessions. Relatively strong oil prices and earnings helped lead early gains. Procter & Gamble Co. , 3M Co. and DuPont traded higher after their earnings reports, shares of Whirlpool Corp. and Eli Lilly & Co. are declining. The Dow Jones Industrial Average gained 44 points, or 0.2%, to 18,012, the S&P 500 index climbed 4 points, or 0.2%, at 2,092. Meanwhile, the Nasdaq Composite added 6 points, or 0.1%, to 4,902.

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.

…read more

From:: Stock Market News

U.S. stocks on Tuesday opened modestly higher, putting the market on track to rebound somewhat after dropping in two of the past three sessions. Relatively strong oil prices and earnings helped lead early gains. Procter & Gamble Co. , 3M Co. and DuPont traded higher after their earnings reports, shares of Whirlpool Corp. and Eli Lilly & Co. are declining. The Dow Jones Industrial Average gained 44 points, or 0.2%, to 18,012, the S&P 500 index climbed 4 points, or 0.2%, at 2,092. Meanwhile, the Nasdaq Composite added 6 points, or 0.1%, to 4,902.

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.

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From:: Stock Market News

The 96 soccer fans who died in the 1989 Hillsborough stadium disaster were unlawfully killed as a result of errors by police, an inquest jury found by a 7-2 majority on Tuesday. The deaths at the FA Cup semifinal between Liverpool and Nottingham came after authorities let in crowds of people by opening extra gates, causing a crush in a spectators’ pen. The police official in charge of match security, Chief Superintendent David Duckenfield, was found to have behaved with “gross negligence” in his duties, the BBC reported. The verdict overturns the findings of accidental death at the original inquests into the 96 deaths, after a 27-year campaign by victims’ families. Liverpool football fans, who were initially accused of causing the crush by their behavior, were exonerated by the new jury. The court found that failures by police, defects in the stadium, a delay in the emergency response by ambulances and an issue in safety certification for the Sheffield stadium contributed to the disaster.

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.

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From:: Stock Market News

The Hungarian forint weakened against the dollar Tuesday after the country’s central bank lowered its benchmark interest rate to a record low. The currency , which has risen nearly 5% against the dollar so far this year amid a broader rally in developing markets, briefly tumbled to 277.52 to the dollar after the cut, compared with 276.73 late Monday in New York. It has since pared its decline to trade flat on the day. The central bank lowered its benchmark, the overnight lending rate, to 1.05%, from 1.20% previously. The central bank had already cut the rate once this year, at its previous meeting in March, when it also reduced its overnight deposit rate to an all-time low of minus 0.05%. By lower key interest rates, Hungary, Turkey and a host of other developing market economies are trying to ward off excessive currency strength as speculators search for return in a low interest rate environment.

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.

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From:: Stock Market News

Freeport-McMoRan Inc. reported a first-quarter loss that widened to $4.18 billion, or $3.35 a share, from $2.47 billion, or $2.38 a share, in the same period a year ago. Excluding non-recurring items, the adjusted per-share loss was 16 cents, beating the FactSet consensus for a loss of 17 cents a share. Revenue fell to $3.53 billion from $4.15 billion, compared with the FactSet consensus of $3.51 billion, as a rise in copper sales volumes were offset by declines in gold, oil and gas and molybdenum sales. The mining company said it was cutting 25% of its oil and gas workforce, as well as institute a new management structure, as part of plans to cut costs. The company expects to record a $40 million charge in the second quarter related to the job cuts and restructuring. The stock, which was little changed in premarket trade, has soared 68% year to date, but was still down 45% over the past year. In comparison, the S&P 500 has gained 2.2% year to date, but has lost 1.4% the last 12 months.

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.

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From:: Stock Market News

Sarepta Therapeutics Inc. shares tumbled as much as 50% in active volume Tuesday morning after a Food and Drug Administration advisory committee voted against recommending FDA approval for the company’s Duchenne muscular dystrophy drug. The FDA, which does not have to follow the committee’s advice but often does, plans to review the drug May 26. DMD, a rare, inherited degenerative disorder that causes muscle loss and ususally death before the age of 30, affects about one in every 3,500 to 5,000 males globally. Patients and the families of patients with DMD have been actively lobbying for approval of the drug, eteplirsen, with many showing up to the committee meeting Monday. The company shares were the most active in pre-market trading Tuesday, after being halted for a full day, with trading resuming Tuesday at about 7:10 a.m.

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From:: Stock Market News

Shares of JetBlue rose 4.7% Tuesday in premarket trade after the company beat first-quarter earnings expectations. The airline reported net income of $199 million, or 59 cents per share, up from $137 million, or 40 cents per share, in the year-earlier period. The FactSet consensus was for earnings per share of 53 cents. JetBlue reported revenue of $1.62 billion, up from $1.52 billion in the year-earlier period, but below the Factset consensus of $1.63 billion. Shares of JetBlue have fallen 10% year-to-date compared to the S&P 500’s gain of 2%.

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.

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From:: Stock Market News