February 15, 2012
At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:
- Diamond Foods (Nasdaq: DMND ) lost its chance to buy Procter & Gamble's (NYSE: PG ) Pringles business. Kellogg (NYSE: K ) agreed to buy the Pringles brand from P&G for $2.7 billion.
- Zynga (Nasdaq: ZNGA ) reported its first earnings since going public. While the game maker posted a loss for the quarter, I believe the company's strong position within the social gaming space should help Zynga outperform the market in the long run. For that reason, I'm giving the stock a thumbs-up CAPScall on my account on Motley Fool CAPS.
- Deere (NYSE: DE ) beat estimates and reported a profit for its first quarter, as higher income for farmers led to more investments in farming equipment like Deere's signature green and yellow machines.
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