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Stock Market & Financial Investment News

News Breaks
June 16, 2014
08:31 EDTPBI, CPBCampbell Soup names Pitney Bowes CEO Lautenbach to board, effective June 11
Campbell Soup Company (CPB) announced that the company’s Board of Directors has elected Pitney Bowes (PBI) CEO Marc B. Lautenbach as a member of the Board, effective June 11.
News For CPB;PBI From The Last 14 Days
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August 31, 2015
06:31 EDTCPBCampbell Soup's turnaround plans saw limited payoff, WSJ reports
Campbell Soup's recent embrace of simpler, more natural products has seen limited payoff, the Wall Street Journal reports. Consumers are increasingly avoiding canned and boxed foods, which caused Campbell in July to lower expectation for long-term sales growth to between 1%-3% from its previous target of 3%-4%, while analysts from Thomson Reuters expect the company to report that sells fell 2% in FY15, the report says. Campbell Soup has been acquiring fresher brands and aggressively cutting costs, but certain analysts have difficulty seeing a clear timetable for improvement, the report says. Reference Link

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