Tag Archive | "Sysco (NYSE:SYY)"

Sysco (NYSE:SYY) Talks Turkey

Sysco (NYSE:SYY) Talks Turkey

Sysco (NYSE:SYY)’s subsidiary has plans to form a distribution deal with Jamba Inc.

Sysco (NYSE:SYY) Talks Turkey

As part of a move to expand its operations into new locations, Jamba will make a supply chain distribution alliance with SYGMA, a foodservice distribution company owned by Sysco Corporation (NYSE:SYY).

The financial terms of the deal have not disclosed.

Greg Schwartz, vice president, supply chain, for Jamba Juice said, “Due to Sysco (NYSE:SYY)’s strong national distribution network, particularly to non-traditional outlets such as airports, universities, and malls, we expect that our alliance will not only help us achieve those goals, but also positions us well to drive additional growth.”

Sysco (NYSE:SYY) shares were at 28.03 at the end of the last day’s trading. There’s been a -1.6% movement in the stock price over the past 3 months.

Sysco (NYSE:SYY) Talks Turkey
Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.45
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.27
Zack’s Rank: 6 out of 6 in the industry

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Sysco (NYSE:SYY) Earnings Drop

Sysco (NYSE:SYY) has reported a 4% drop in its second-quarter earnings.

Sysco (NYSE:SYY) Earnings Drop

The largest food distributor in the US, Sysco (NYSE:SYY) has posted a net earnings of $258 million in its second-quarter, compared with the $268 million of the same quarter last year.

Higher food, fuel and overhead costs are said to be the main drivers of this decline in profits.

Sysco (NYSE:SYY) Chief Executive Bill DeLaney said, “The fiscal second-quarter results reflect the unfavorable impact of certain market conditions and operational challenges that we were unable to fully overcome in the near term. Looking forward, we are highly focused on improving the execution of our business plan in the second half of our fiscal year.”

Sysco (NYSE:SYY) company shares are currently standing at 28.01.

Price History
Last Price: 28.01
52 Week Low / High: 27 / 31.99
50 Day Moving Average: 29.52
6 Month Price Change %: -2.5%
12 Month Price Change %: 9.4%

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Sysco (NYSE:SYY) Orders Fuel Cells

Sysco (NYSE:SYY) Corporation has ordered new GenDrive fuel cells for its Virginia facility.

Sysco (NYSE:SYY) shares are currently standing at 29.96.

Sysco (NYSE:SYY) Orders Fuel Cells

Under this new order, Plug Power Inc, a leader in providing clean, reliable energy solutions will supply 100 hydrogen fuel cell units for Sysco’s (NYSE:SYY) Front Royal Virginia Baugh Northeast Co-op, Inc.

This is the third order the company is receiving from Sysco (NYSE:SYY) Corporation.

Andy Marsh, CEO at Plug Power said, “It’s extremely rewarding to see our commercially viable GenDrive products making a substantial impact for another repeat customer. I’m optimistic that we’ll see more of Sysco’s (NYSE:SYY) distribution centers convert to fuel cells as the benefits continue to be realized within the organization.”

If you’re contemplating investing in Sysco (NYSE:SYY) stocks, make sure you make the trade at the right price. Finding a gap in the market or technical analysis can be a fruitless exercise, but do take into account the price history:

Price History
Last Price: 29.96
52 Week Low / High: 26.99 / 31.99
50 Day Moving Average: 29.34
6 Month Price Change %: -1.1%
12 Month Price Change %: 6.8%

We will be monitoring the Sysco (NYSE:SYY) stock price for changes over the next few weeks.

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Early Market News: IBM (NYSE:IBM), Sysco (NYSE:SYY), Sprint Nextel (NYSE:S)

Early Market News: IBM (NYSE:IBM), Sysco (NYSE:SYY), Sprint Nextel (NYSE:S)

Several breaking news stories will affect stock prices as trading continues today.

The following stocks should see some movement: IBM (NYSE:IBM), Sysco (NYSE:SYY), Sprint Nextel (NYSE:S).

Here is a more detailed look at the news that will affect each company when trading continues.

IBM (NYSE:IBM)

IBM (NYSE:IBM)

IBM (NYSE:IBM) and ARM have teamed up on semiconductor technology.
IBM (NYSE:IBM) and ARM will extend collaboration on advanced semiconductor technologies for the next generation of mobile products. IBM (NYSE:IBM) and ARM have been collaborating since 2008.

Michael Cadigan, general manager, IBM (NYSE:IBM) Microelectronics said in a statement that, “The ARM Cortex processor family has become the leadership platform for the majority of smartphones and many other emerging mobile devices. We plan to continue working closely with ARM and our foundry customers to speed the momentum of ARM technology by delivering highly advanced, low-power semiconductor technology for a variety of new communications and computing devices.”

Sysco (NYSE:SYY)

Sysco (NYSE:SYY)

Sysco (NYSE:SYY) Corp. has sold its Overton Transportation to Greatwide Logistics Services.
With this move, Greatwide Logistics Services has acquired about 70 trucks and 100 trailers from Overton Transportation, a subsidiary of Sysco (NYSE:SYY) Corp.

The financial terms of the deal have not been disclosed.

John Simone, president and chief operating officer of Greatwide Logistics Services said, “The acquisition of Overton Transportation from Sysco (NYSE:SYY) allows us to provide new temperature-controlled logistics solutions that many of our grocery customers have requested. It also enhances our capabilities in our current one-way truckload offering.”

Sprint Nextel (NYSE:S)

Sprint Nextel (NYSE:S)

Sprint Nextel (NYSE:S) has partnered with ECOtality to connect Blink EV charging network.
ECOtality, a leader in clean electric transportation and storage technologies will use Sprint Nextel’s (NYSE:S) Command Center to run its Blink Network.

Moreover, it can also be used in public charging stations to control Machine-to-Machine (M2M) provisioning, billing, device and service management.

Jonathan Read, CEO of ECOtality said, “With the Sprint Nextel’s (NYSE:S) Command Center technology, our Blink EV charging stations are provided with the reliable wireless connectivity necessary to power the advanced capabilities of the Blink Network and ensure customer satisfaction. In addition, we are able to conduct a variety of business services, from monitoring to electronic payments.”

We may see more movement when trading continues for IBM (NYSE:IBM), Sysco (NYSE:SYY) and Sprint Nextel (NYSE:S).

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Sysco (NYSE:SYY) Gets New HR Head

Sysco (NYSE:SYY) has announced the appointment of a new vice president for human resources.

Sysco (NYSE:SYY) shares are currently standing at 30.11.

Sysco (NYSE:SYY) Gets New HR Head

From January 17, 2011onwards, Paul T. Moskowitz will join Sysco (NYSE:SYY) as senior vice president, human resources.

Most recently, he served as the chief human resources officer at Dean Foods Company in Dallas, Texas.

Bill DeLaney, Sysco’s (NYSE:SYY) president and chief executive officer said, “We are looking forward to having Paul join the Sysco (NYSE:SYY) team. His depth of human resources experience will help us build and execute an integrated talent management strategy across Sysco (NYSE:SYY) at all levels of the organization.”

If you’re contemplating investing in Sysco (NYSE:SYY) shares, be sure you make the trade at the right price. Timing the market or technical analysis is often a difficult task, but do take into account the historical price data:

Price History
Last Price: 30.11
52 Week Low / High: 26.99 / 31.99
50 Day Moving Average: 29.29
6 Month Price Change %: 1.8%
12 Month Price Change %: 7.8%

We’ll be keeping a close eye on the Sysco (NYSE:SYY) stock price for changes over the next few weeks.

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Sysco (NYSE:SYY) Stocks Senior Center

Sysco (NYSE:SYY) has been authorized to provide food for Fremont Senior Center in San Francisco.

Sysco (NYSE:SYY) stocks were at 29.4 at the end of the last day’s trading. There’s been a 2.9% movement in the stock price over the past 3 months.

Sysco (NYSE:SYY) Stocks Senior Center

Under a new one year agreement, Sysco (NYSE:SYY) San Francisco will continue to provide food for the Center at 40086 Paseo Padre Parkway. The center has agreed to pay Sysco (NYSE:SYY) $115,000 and if satisfied with the performance, the council will extend the contract for one more year in an amount not to exceed $230,000.

A Fremont Senior Center staff said, “Upon review, city staff selected Sysco’s (NYSE:SYY) proposal as the most responsive to its requirements. Sysco (NYSE:SYY) also qualifies as a local Fremont business.”

If you’re looking to make a move on the Sysco (NYSE:SYY) stocks, make sure you take a look at this analyst advice, from a broad range of industry specialists:

Sysco (NYSE:SYY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.27
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.2
Zack’s Rank: 1 out of 4 in the industry

We’ll be keeping a close eye on the Sysco (NYSE:SYY) share price for developments over the next few weeks.

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Early Market News: FedEx (NYSE:FDX), Sysco (NYSE:SYY), Allstate (NYSE:ALL)

Early Market News: FedEx (NYSE:FDX), Sysco (NYSE:SYY), Allstate (NYSE:ALL)

More breaking news stories could affect stocks when trading continues later.

The following stocks should see some movement: FedEx (NYSE:FDX), Sysco (NYSE:SYY), Allstate (NYSE:ALL).

Here is a more detailed look at the news that will affect each company when trading continues.

FedEx (NYSE:FDX)

FedEx (NYSE:FDX)

Board of FedEx Corp. (NYSE:FDX) has declared a regular quarterly cash dividend of 12 cents.

The dividend is payable Dec. 17 to shareholders of record on Nov. 22.

In September, FedEx indicated that strength in international shipments is driving profits. The company also announced plans to cut 1,700 jobs in an attempt to fix its money-losing U.S. trucking business.

FedEx (NYSE:FDX), the world’s second-largest package delivery company did raise its financial outlook after its first-quarter net income doubled. But the projections for the second quarter and full year fell shy of Wall Street expectations.

Sysco (NYSE:SYY)

Sysco (NYSE:SYY)

Sysco (NYSE:SYY) has targeted southeastern Massachusetts for warehouse site.

Sysco has been considering alternative sites for its $110 million warehouse ever since Oct. 18, when voters in Lakeville killed a rezoning proposal that would have allowed construction of the building on the former Lakeville Hospital grounds.

The company seeks a site with access to a north-south highway such as 495, to facilitate shipping within Massachusetts, as well as in Rhode Island and New Hampshire.

Sysco Boston LLC Executive Vice President Chuck Fraser said that “We’ve looked in Middleboro, Brockton, Taunton, Plympton, West Bridgewater everywhere, we’re still shopping. We haven’t locked in anything yet.”

Allstate (NYSE:ALL)

Allstate (NYSE:ALL)

Allstate (NYSE:ALL) Property and Casualty Insurance Co.’s have requested a hearing on the denial of its 44 percent rate increase for Mississippi customers.

Insurance Commissioner Mike Chaney has told The Sun Herald that he plans to schedule the hearing for some time in January. The Mississippi Insurance Department concluded in September the increase was unjustified, but Allstate argues it is warranted.

Allstate has asked that Chaney appoint someone else because he already has stated he will not approve the increase without a court order. The company has also said that Chaney appoint someone else because he already has stated he will not approve the increase without a court order.

There will probably be more movement when trading continues for FedEx (NYSE:FDX), Sysco (NYSE:SYY) and Allstate (NYSE:ALL).

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Early Market News: Chevron Corp. (NYSE:CVX), Safeway (NYSE:SWY), Sysco (NYSE:SYY)

Early Market News: Chevron Corp. (NYSE:CVX), Safeway (NYSE:SWY), Sysco (NYSE:SYY)

Here are several more breaking news stories which could affect market stocks in trading later today.

The following listed companies should see some movement: Chevron Corp. (NYSE:CVX), Safeway (NYSE:SWY), Sysco (NYSE:SYY).

Here is a more detailed look at the news that will affect each company when trading continues.

Chevron Corp. (NYSE:CVX)

Chevron Corp. (NYSE:CVX)

Chevron Corporation (NYSE:CVX) has pumped an unprecedented $1million into Richmond political races.

All three of its candidates appear to have lost. The oil company’s mayoral candidate, Councilman Nat Bates, is losing to Gayle McLaughlin 37 percent to 40 percent. And Chevron’s city council candidates, Councilwomen Myrna Lopez and Maria Viramontes are tied for fourth place with 11 percent in a contest in which only three candidates will be elected.

Chevron Corporation (NYSE:CVX), a company that has dominated Richmond politics for years, likely will have very little influence at City Hall in the years to come.

Safeway (NYSE:SWY)

Safeway (NYSE:SWY)

Safeway (NYSE:SWY) has planned to replace Ocean Beach Safeway with Deluxe Modern Supermarket.

A decade old buildings surrounded by a notoriously problematic parking lot would be replaced by an expansive mixed-use development, with a supermarket twice the size of the old one.

Like the Lucky at Fulton and Masonic, there will be residential units above the store and this will be a decade-long process.

In addition, the new building may include space for small local retailers.

The company said that “Our goal is to design a new Safeway that reflects the special character of the Ocean Beach neighborhood and serves the grocery needs of the Outer Richmond.”

Sysco (NYSE:SYY)

Sysco (NYSE:SYY)

SyscoCorp (NYSE:SYY) has agreed to buy 45 acres from LNR Corp to build at Meridian park.

The company will officially move into the Meridian business park west of Interstate 215 near March Air Reserve Base, the land’s master developer has been finalized and has planed to build a 515,000 square-foot building at the property.

John Schaefer, project manager with LNR, told the sale will allow his company to build once again at the 1,290-acre business park. By March 2011, he expects all of the underground utilities to be installed.

The company is expected to create 250 jobs initially.

We may see more movement when trading continues for Chevron Corp. (NYSE:CVX), Safeway (NYSE:SWY) and Sysco (NYSE:SYY).

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