Market Update: McCormick (NYSE:MKC), Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), Mastercard (NYSE:MA)

McCormick (NYSE:MKC) agreed to acquire privately held Poland-based Kamis SA for about $295.4 million, extending its presence into Poland and other markets in Central and Eastern Europe. With its joint venture deal with India’s Kohinoor Foods Ltd. and the Kamis, it expects emerging markets to contribute more than 12% of its sales next year. Like other food-related companies, McCormick has been facing higher raw and packaging materials costs, though it has seen mostly double-digit earnings growth recently thanks to cost cuts and "pricing actions." The spice and seasoning maker expects the deal to result in $5 million in costs and cut per-share earnings by 3 cents for the current fiscal year. The deal, expected to close in . . . → Read More: Market Update: McCormick (NYSE:MKC), Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), Mastercard (NYSE:MA)