Campbell's Profit Heats Up on Strong Soup Sales
Campbell Soup reported third-quarter results that beat Wall Street expectations and raised its outlook for the year as sales in its struggling soup unit improved.
Campbell Soup reported third-quarter results that beat Wall Street expectations and raised its outlook for the year as sales in its struggling soup unit improved.
Earnings galore today from Kraft, Campbell Soup, JM Smucker and others. And the big news yesterday -– the takeover of HJ Heinz by Warren Buffett and a Brazilian firm, 3G Capital, which is also the largest shareholder in Burger King. You see the synergy: Heinz on a whopper.
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.
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.
Dell will highlight a handful of tech company results this week. Also reporting earnings will be food giants Smucker and Campbell Soup, also Marriott and other members of the lodging and hospitality industry, and the first of a long string of results from retailers.
Some stocks may seem like bargains when they're really duds. Here's how you can find stable, defensive stocks that might provide market-beating returns. You can start with these nine high-quality stocks that should do well for buy-and-hold investors.
Among quarterly results scheduled for this holiday-shortened week, investors may be thankful for earnings results from Tyson Foods, the Arkansas-based poultry and meat producer. Analog Devices and Deere also are reporting.
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.
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.
Donald Goerke, the Campbell Soup executive who came up with the childhood staple food SpaghettiOs, died Sunday at the age of 83.












