Green Mountain Coffee Roasters Inc.(NASDAQ:GMCR) shares gained 4.41% to $31.70 in the pre-market hour. A Securities and Exchange Commission filing report reveals that Italian coffee toaster Luigi Lavazza has taken additional stake in Green Mountain Coffee Roasters Inc.(NASDAQ:GMCR) The Italian company now controls 6.8 percent of the U.S. company up from the earlier 4.9 percent. Lavazza, which earlier owned 7.7 million shares now owns 10.5 million.
The company has stepped into the wellness category by unveiling its new product line of Wellness Brewed beverages. It is a collection of new drinks packed with antioxidant vitamins. Three varieties of coffee rich in antioxidants and Green Mountain Coffee Focus Blend rich in L-theanine, an amino acid found in tea were unveiled on September 6, 2012.
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Nokia Corporation (ADR)(NYSE:NOK) shares increased 5.32% to $2.77 in the pre-market hour. Nokia Oyj's Nokia Siemens Networks (NSN) is in talks with various companies to sell its business support systems (BSS) unit, Chief Executive Rajeev Suri said on September 11, 2012. Ericsson is in pole position to buy NSN's business support systems unit, which provides billing and charging systems for telecoms operators.
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R.G. Barry Corp.(NASDAQ:DFZ) announced that the board of directors have declared a cash dividend of $0.08 per share, payable October 9, 2012 to all common stockholders of record on September 24, 2012.
The company reported fourth quarter net earnings of $474,000, or $0.04 cents per diluted share, from a loss of $863,000, or $0.08 cents per diluted share loss, reported in the fourth quarter of fiscal 2011. Net sales were $25.0 million, up 6% versus one year ago.
United Natural Foods, Inc.(NASDAQ:UNFI) stock fell 6.19% to $56.69 in the pre-market hour after the company posted fourth-quarter net income of $25.1 million, as compared with $17.2 million in the same quarter last year. Quarterly earnings per share were $0.51, higher than the prior year's $0.35. Adjusted net income for the fourth quarter of fiscal 2012 was $25.1 million, or $0.51 per share. Net sales totaled $1.34 billion, an increase of 16.0% from $1.16 billion in the comparable quarter in fiscal 2011. Analysts expected earnings per share of $0.51 on revenues of $1.32 billion for the quarter.
Kraft Foods Inc(NASDAQ:KFT) stock increased 0.32% to $40.34 in the pre-market hour after Equities researchers at Bank of America cut their target price on shares of Kraft Foods from $47.00 to $45.00 and the firm currently has a “buy” rating on the stock.
The company unveiled that its new North American food firm will be poised to deliver long-term profit and revenue growth, while returning cash to its shareholders.