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Stock Market & Financial Investment News

News For CPB From The Last 14 Days
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June 30, 2015
11:26 EDTCPBCampbell Soup July call activity attributed to takeover speculation
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11:19 EDTCPBRumor: Campbell Soup strength attributed to takeover speculation
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June 29, 2015
16:44 EDTCPBCampbell Soup completes acquisition of Garden Fresh Gourmet
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08:32 EDTCPBCampbell Soup names CEO Morrison as co-chair of CGF board
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June 16, 2015
09:22 EDTCPBFDA gives food makers three years to remove partially hydrogenated oils
The FDA announced it has finalized its determination that partially hydrogenated oils, or PHOs, the primary dietary source of artificial trans fat in processed foods, are not “generally recognized as safe” or GRAS for use in human food. Food manufacturers will have three years to remove PHOs from products. In 2013, the FDA made a tentative determination that PHOs could no longer be considered GRAS and is finalizing that determination after considering public comments. The FDA has set a compliance period of three years. This will allow companies to either reformulate products without PHOs and/or petition the FDA to permit specific uses of PHOs. Following the compliance period, no PHOs can be added to human food unless they are otherwise approved by the FDA. Publicly traded food manufacturers include Mondelez (MDLZ), Kraft Foods (KRFT), General Mills (GIS), Hershey (HSY), PepsiCo (PEP), Kellogg (K), ConAgra (CAG) and Campbell Soup (CPB).

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