Consumer sentiment strong in April
By Sara Shouhayib Low interest rates and better job prospects boosted consumer sentiment in April according to a survey by the University of Michigan. The consumer sentiment index for April rose to 95.9 from 93.0 in March. The final reading was unchanged from the preliminary index that was released in early April.
Poor outlook for Kraft Foods after first quarter revenue decline
By Sara Shouhayib Kraft Foods Group Inc.’s net income fell 16 percent and revenue declined slightly in the first quarter as the company dealt with restructuring and other costs associated with its planned merger with The H.J. Heinz Company. Kraft said revenues were basically flat as increased shipments of Capri Sun and the launch of […]
