Stock message boards
MNV
Market News Video
MNV MNV The 10 Most Popular Large-Caps in ETFs
MNV
MNV
MNV
MNV
MNV
MNV
MNV


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
MNV Backgroundemail friendsEmail Friendsembed / linkEmbed VideorssRSS Feed standaloneLaunch Standalone Player
Sponsored by: Try ValueForum, the premier value and income stock picking community. Learn about the $5.99 trial
QuoteThe collective wisdom of the membership
is astounding.
more testimonials »

Diamond Foods Shares Drop on Reports of Director Death
Wednesday, November 23, 10:47 AM ET

Diamond Foods (NASDAQ:DMND) shares are tumbling today on reports that one of its board members committed suicide.

Bloomberg reports that Diamond says there is no connection between the man's death and the board's ongoing investigation of the company's accounting.

Bloomberg noted that the director, Joseph Silveira, had been a director of the company since 2002, and was a member of its audit committee as of 2009.

CNBC reported late yesterday that the death was ruled a suicide, noting that Silveira had recused himself from the accounting investigation.

Diamond Foods said on November 1 that its acquisition of Pringles chips from Procter & Gamble (NYSE:PG) will be delayed until the first half of 2012.

The deal had been expected to close in December, but a probe into walnut accounting has pushed the transaction date back.

Diamond had said the chairman of the audit committee of its board of directors received an external communication regarding the company's accounting to certain crop payments to walnut growers, prompting the investigation.

The company announced the $2.35 billion acquisition in April.

The Pringles transaction, once it closes, is said to position Diamond Foods as the #2 snack maker in the world, behind PepsiCo (NYSE:PEP). The company began as a cooperative for selling walnuts, and has expanded by acquisition, acquiring Pop Secret from General Mills (NYSE:GIS) in 2008 and Kettle Foods in 2010 to add to its Diamond culinary nuts and Emerald Nuts brands.

For MarketNewsVideo.com, I'm Sayoko Murase.

Diamond Foods Shares Drop on Reports of Director Death picture
Thursday 7/24 Insider Buying Report: WAFDThursday 7/24 Insider Buying Report: WAFD
Related symbols: WAFD
Wednesday 7/23 Insider Buying Report: MXF, CFXWednesday 7/23 Insider Buying Report: MXF, CFX
Related symbols: MXF,CFX
Tuesday 7/22 Insider Buying Report: AA, GRXTuesday 7/22 Insider Buying Report: AA, GRX
Related symbols: AA,GRX
10 Bargains You Can Buy Cheaper Than Insiders Did
Top Ranked Dividend Stocks With Insider Buying
10 Stocks Crossing Below Book Value
10 Oversold Stocks You Need To Know About
10 Stocks Crossing Above Their 200 Day Moving Average
10 Stocks Crossing Below Their 200 Day Moving Average
The 10 Most Popular Large-Caps in ETFs
The Top 10 DividendRank'ed DJIA Components
S&P 500 Movers: TRIP, UAS&P 500 Movers: TRIP, UA
Related symbols: TRIP,UA
Dow Movers: CAT, NKEDow Movers: CAT, NKE
Related symbols: CAT,NKE
S&P 500 Movers: XLNX, ISRGS&P 500 Movers: XLNX, ISRG
Related symbols: XLNX,ISRG
S&P 500 Analyst Moves: SPGS&P 500 Analyst Moves: SPG
Related symbols: SPG
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: EIXS&P 500 Analyst Moves: EIX
Related symbols: EIX
Dow Analyst Moves: GSDow Analyst Moves: GS
Related symbols: GS
Thursday Sector Leaders: Textiles, Computer PeripheralsThursday Sector Leaders: Textiles, Computer Peripherals
Related symbols: UA,SKX,LOGI,FFIV
Wednesday Sector Leaders: Biotechnology, Paper & Forest ProductsWednesday Sector Leaders: Biotechnology, Paper & Forest Products
Related symbols: PBYI,ONTY,KS,VRS
Wednesday Sector Laggards: Semiconductors, Computer PeripheralsWednesday Sector Laggards: Semiconductors, Computer Peripherals
Related symbols: XLNX,LSCC,JNPR,EXTR
Thursday's ETF with Unusual Volume: IATThursday's ETF with Unusual Volume: IAT
Related symbols: IAT,KEY,RF,NPBC,BPOP
SPY, SMIN: Big ETF OutflowsSPY, SMIN: Big ETF Outflows
Related symbols: SPY,SMIN,AAPL,XOM
EWH, IEIS: Big ETF InflowsEWH, IEIS: Big ETF Inflows
Related symbols: EWH,IEIS
Daily Dividend Report:  INTC, MRK, V, BLK, AALDaily Dividend Report: INTC, MRK, V, BLK, AAL
Related symbols: INTC,MRK,V,BLK,AAL
Daily Dividend Report:  NDAQ, RTN, ECA, OII, HSYDaily Dividend Report: NDAQ, RTN, ECA, OII, HSY
Related symbols: NDAQ,RTN,ECA,OII,HSY
Daily Dividend Report: AAPL, WFC, AXP, PX, NBL, COG, SPG, SWKDaily Dividend Report: AAPL, WFC, AXP, PX, NBL, COG, SPG, SWK
Related symbols: AAPL,WFC,AXP,PX,NBL,COG,SPG,SWK
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: July 18, 2014Weekly Market Wrap: July 18, 2014
Related symbols: AMD,BAC,ZNGA,GE,SLB,GLW,CAG,GS
Weekly Market Wrap: July 11, 2014Weekly Market Wrap: July 11, 2014
Related symbols: AAPL,BAC,FB,GE,MTG,OXY,TMO,CVS,COP,PSX,CSX
Weekly Market Wrap: July 3, 2014Weekly Market Wrap: July 3, 2014
Related symbols: BAC,WY,RAD,FB,PNC,AYI
Week Ahead Market Report: July 21, 2014Week Ahead Market Report: July 21, 2014
Related symbols: GE,PLUG,FB,BAC,CMCSA,CA,ETFC,DAL,AMZN,BIDU,AON
Week Ahead Market Report: July 14, 2014Week Ahead Market Report: July 14, 2014
Related symbols: AMD,BAC,AAPL,C,GS,BAC,AMD,GE
Week Ahead Market Report: July 7, 2014Week Ahead Market Report: July 7, 2014
Related symbols: AAPL,CBS,SIRI,AA,WDFC,FDO,FAST
All videos » |  Stock market definitions »
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  Econonomic News  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Portfolio Channel Stock Market Definitions
MNV

Diamond Foods Shares Drop on Reports of Director Death | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.