campbell soup

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.

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Campbell Soup Co. (CPB) reported earnings of 82 cents per share for the quarter ending Oct. 31, down from 87 cents per share a year earlier. Sales for the first quarter of fiscal 2011 dropped 1% to $2.17 billion, the company said in a statement. Higher promotional spending hurt sales, the company...

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.

Sure it warms you up on a cold winter's day. It's also been the subject of many a Seinfeld joke. And it's even been credited with curing the common cold (I'm sure my grandmother's had that power). But soup's ability to generate revenue is the most likely reason it's earned a month all to itself.