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.
