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Stock Market & Financial Investment News

News Breaks
May 19, 2014
11:27 EDTCAG, UL, CPB, KRFTCampbell Soup falls after revenues miss, guidance cut
Shares of soup and convenience food maker Campbell Soup (CPB) are falling after the company reported mixed third quarter results and lowered its fiscal 2014 outlook. WHAT'S NEW: This morning, Campbell Soup reported Q3 adjusted earnings per share of 62c and revenue of $1.97B, compared to expectations of 59c and $2.0B, respectively. The company forecast FY14 adjusted EPS at the low end of its previously issued $2.53-$2.58 range, compared to consensus of $2.53. Campbell now expects sales from continuing operations will grow approximately 3% in the current fiscal year, compared with the previous range of 4%-5%. FY14 consensus is $8.35B. Full-year growth in adjusted EBIT is expected to be at the low end of the previously forecast range of 4%-6%. The company cited a challenging consumer environment and harsh winter weather for the weak forecast. It said consumers are suffering from continued underemployment, rising fuel, home and healthcare costs, and that these factors are "significantly" affecting purchasing behavior. PRICE ACTION: In late morning trading, Campbell Soup fell $1.13, or 2.5%, to $43.99 on heavy trading volume. Including today's pull back, the stock is down nearly 8% over the past twelve months. OTHERS TO WATCH: Other companies in the packaged foods space include ConAgra Foods (CAG), Kraft Foods (KRFT) and Unilever (UL) .
News For CPB;CAG;KRFT;UL From The Last 14 Days
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April 20, 2015
18:02 EDTCAGConAgra reaffirms FY15 adjusted EPS $2.15-$2.19, consensus $2.17
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10:00 EDTULOn The Fly: Analyst Upgrade Summary
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09:07 EDTKRFTKraft Foods to remove synthetic colors and artificial preservative in US in 2016
Kraft Macaroni & Cheese announced that starting in January 2016, Original Kraft Macaroni & Cheese in the U.S. will no longer be made with artificial preservatives or synthetic colors. Kraft Dinner in Canada will remove synthetic colors by the end of next year in Kraft Dinner Original. Kraft will replace the synthetic colors with those derived from natural sources like paprika, annatto and turmeric.
07:41 EDTULUnilever upgraded on improvement in business at RBC Capital
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06:04 EDTULUnilever upgraded to Outperform from Sector Perform at RBC Capital
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April 16, 2015
11:44 EDTKRFTNestle continues to streamline its business as competition heats up, WSJ says
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05:31 EDTULUnilever raises quarterly dividend by 6% to EUR 0.302 per share
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05:31 EDTULUnilever reports Q1 underlying sales growth at 2.8%, emerging markets up 5.4%
Reports turnover up 12.3% to EUR 12.8B.
April 8, 2015
11:23 EDTULProcter & Gamble starts sale process for beauty brands, Bloomberg says
Procter & Gamble (PG) has begun the sale process for its Wella haircare unit, some cosmetics brands and its fragrance business by sending out documents to potential bidders, according to Bloomberg, citing people familiar with the matter. Potential buyers contacted include Revlon (REV), Unilever (UN, UL), Coty (COTY), Kao Corp. and Henkel, the report noted, adding that the businesses could fetch as much as $19B altogether. Reference Link
April 7, 2015
16:00 EDTKRFTOptions Update; April 7, 2015
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08:34 EDTCPBCampbell Soup partners with SunPower for 1MW solar array
Campbell Soup (CPB), in partnership with BNB Renewable Energy Holdings and SunPower (SPWR), announced that a 1-megawatt solar array at its Pepperidge Farm bakery in Bloomfield has officially come online. Commercial operation for the solar array, which is generating the equivalent of 15% of the bakery’s annual energy demand, began on Dec. 26, 2014. By 2020, Campbell aims to reduce energy use by 35% per ton of product produced and source at least 40% of the energy used by the company from renewable or alternative energy sources.
07:23 EDTULExecutives' Club of Chicago to hold a luncheon discussion
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