by | Nov 23, 2010 | Towing
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 said.
Sales of soups in the U.S. dropped 5%.
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Continue reading Campbell Soup EPS Drops as Promotions Sap Revenue
Campbell Soup EPS Drops as Promotions Sap Revenue originally appeared on DailyFinance on Tue, 23 Nov 2010 08:27:00.
Filed Under: Company News, Earnings, Campbell Soup Company, Retail
by | Nov 23, 2010 | Towing
Carlos Slim, the world’s richest man, bought a stake in BlackRock Inc. (BLK), the world’s largest asset manager.
Mexican billionaire Slim bought a stake worth less than 2% of the asset manager, Bloomberg News reported. Slim spokesman Arturo Elias did…
by | Nov 23, 2010 | Towing
Nissan’s (NSANY) Leaf electric car will get the equivalent of 99 miles per gallon, making it the most fuel-efficient midsize car on the road.
The Leaf does not use gasoline, so the EPA created an “mpg-equivalent” rating for its fuel efficiency, CNNMo…
by | Nov 23, 2010 | Towing
Perfume maker Coty Inc agreed to buy Philosophy Inc., a maker of personal care products, for about $1 billion.
Philosophy is currently owned by private equity company Carlyle Group, Reuters said.
Philosophy focuses on skin products, fragrance, bath…
by | Nov 22, 2010 | Towing
Ralph Esmerian, the former owner of rare-jewelry seller Fred Leighton, was arrested Monday on charges on fraud and embezzlement. The New York district U.S. Attorney’s Office claims his illegal activities caused the company to f…
