Heinz Raises 2008 Outlook
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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Japan&#39;s Nikkei 225 Stock Average rose, led by KDDI Corp. and Marui Co., on expectations the government will boost its growth estimate for the world&#39;s second- largest economy on Friday.
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Global food giant Nestle on Thursday reported a rise in 2006 net profits to more than seven billion dollars and said prospects for the year ahead looked good as it moves further into the health and wellbeing markets.
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Ketchup maker H.J. Heinz Co.  on Tuesday said quarterly profit soared nearly 90 percent, helped by new products, increased marketing and improvement in its international business.
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Kraft Foods Inc  raised its 2007  earnings forecast on Wednesday, citing a lower-than-expected  tax rate, the pace of share repurchases, and increased  confidence in its growth initiatives.
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IBM  on Thursday forecast  2008 earnings well ahead of Wall Street expectations after  results showing a strong international performance, and its  shares rose 5 percent.
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Diversified manufacturer Honeywell International Inc  said on Thursday that it expected to report 2008 profit of $3.65 to $3.80 per share, up 16 percent to 21 percent from forecast 2007 earnings, on favorable macro trends and productivity improvements.
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Second quarter profits at ketchup maker Heinz are hit by higher material and transport costs.
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H.J. Heinz Co  posted a higher  quarterly profit on Friday and said it expects full-year  profits to be near the top of its forecast range, helped by new  products, the weak dollar and stepped-up marketing.
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U.S. consumers spent more than expected in January and manufacturing unexpectedly rose in February, according to reports on Thursday that suggested the economy was poised to grow even as inflation remained a risk.
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Volkswagen, Europe's biggest car maker, has expressed optimism about prospects in its current business year after earnings rose sharply last year on cost-cutting and capital gains.
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Merck & Co.  said on Monday that quarterly earnings rose 12 percent on strong demand for its newer vaccines and medicines, and raised its 2007 profit forecast, sending its shares up 4 percent.
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H.J. Heinz Co. , locked in a  proxy battle over board seats, on Wednesday said sales in its  just-ended fiscal quarter rose more than 7 percent, driven by  new products and strong marketing.
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Pepsi Bottling Group Inc.  reported higher-than-expected profit on Tuesday, helped by cost controls and price increases, and raised its full-year forecast, sending its shares up more than 4 percent.
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IBM  on Thursday forecast 2008 earnings ahead of Wall Street expectations, sending its shares up 5 percent.
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Ketchup maker H.J. Heinz Co.   on Tuesday said quarterly profit soared nearly 90 percent,  helped by new products, increased marketing and improvement in  its international business.
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Oil rose on Thursday as forecasts for  colder weather in the giant U.S. Northeast heating oil market  overcame worries over the economic health of the world's top  consumer.