Campbell Closing Plants as Soup Consumption Falls
Campbell Soup Co., the world's largest soup maker, is closing two U.S. plants and cutting more than 700 jobs as it looks to trim costs amid declining consumption of its canned soups.
Campbell Soup Co., the world's largest soup maker, is closing two U.S. plants and cutting more than 700 jobs as it looks to trim costs amid declining consumption of its canned soups.
Campbell Soup is preparing to flood supermarket shelves with dozens of new products, but the push to revive its mainstay soup business comes at a time when cautious consumers are spending less on groceries.
Federal tax giveaways to industries have received much criticism, but the relocation incentives offered by states may be the most counterproductive of all corporate subsidies.
When it comes to eating locally, it's hard to beat the original Thanksgiving dinner. Today's holiday diners have far more options than the Pilgrims, and the string beans, sweet potatoes, cranberries and such on your table may come from abroad -- but they probably didn't have to come too far.
The holiday shopping season officially kicks off on the Friday after Thanksgiving. Actually, make that during Thanksgiving for some retailers. Here's a rundown of some of the items that will shape this holiday week.
S&P 500 companies have nearly completed the second-quarters earnings season, and overall, investors don't have much to complain about: More than 70% of companies have beaten earnings estimates, the index's earnings have risen more than 19% from last year, and nine of 10 sectors have given us a positive earnings surprise.
Lots of companies are laying off workers, trying to cut costs and improve their profit margins. But how should investors view the news of job cuts at a company? As a sign of deep trouble and worse to come, or as proof of committed management and better times ahead? Here's how to read the pink slips.
Several major corporations have been announcing layoffs in recent weeks, despite their fattening coffers. What accounts for all the pink slips? Consumers don't like them, nor do investors -- at least, not the farsighted ones. Here are the real reasons behind these puzzling, and troubling, terminations.
Stocks closed broadly if modestly higher Friday on light volume as traders avoided making any big bets ahead of a long holiday weekend. The equity markets closed up for the third straight day and extended their winning ways to a third consecutive week.
You can now get your weekly dose of fruit and vegetables in Campbell Soup's new pack of V8 juices. Except that there are only six cans in each "weekly" pack.
Financial stories to think about over the weekend: A look at gold from a very different perspective; the 10 companies expected to be the most profitable in 2011; and Quora's growing popularity.
Upstart Qlik Technologies is trying to disrupt things in the business intelligence software world, and as proof of its success, the company pulled off a $112 million IPO Friday. Since opening trading at $10, the stock has seen a nice bounce. So what is Qlik, and what's it doing right?
Campbell Soup is recalling 15 million pounds of SpaghettiOs with meatballs after a cooker malfunctioned at one of the company's plants in Texas and left the meat undercooked.
With plummeting tax revenue and shrinking budgets stressing America's educational system, Corporate America has been stepping in. Companies are funding everything from team uniforms to lesson plans. But that corporate charity can easily cross the line, and some parents and educators are worried about marketing targeted at students.
Faced with rising competition from pizza and other simple meals, Campbell Soup is being forced to promote its brands just as the weather is warming and few consumers are looking for something hot to eat. It is the latest in a series of bad breaks to hit the food company.
A round-up of news that could affect stock prices today, including Cambell's Soup quarterly profit is up 11% over last year, Lowe's quarterly profit rose 27%, and Smith International agrees to Schlumberger buyout.
Company earnings are in focus again today on Wall Street following reports from tractor maker Deere & Co., grocer Whole Foods and Campbell Soup. Investors will also be keeping an eye on key economic reports.
Donald Goerke, the Campbell Soup executive who came up with the childhood staple food SpaghettiOs, died Sunday at the age of 83.

















