CHICAGO, Nov 20 Campbell Soup Co on
Tuesday reported a smaller-than-expected decline in quarterly
earnings, boosting shares of the soup maker a week before its
proxy showdown with hedge fund Third Point LLC.
CHICAGO Daniel Loeb's Third Point LLC criticized Campbell Soup Co's board on Monday for allowing the grandchildren of the company's former chairman to quietly build voting power through the soup maker's share buybacks in recent decades.
CHICAGO Consumer goods companies, emboldened by a strong U.S. economy, are rolling out price increases on everyday products and groceries after several years of haggling with big retailers that needed cheaper products to attract customers.
CHICAGO Tater tots maker Kraft Heinz Co missed quarterly earnings estimates, sending its shares down more than 7 percent, as steep commodity costs, other expenses and pricing promotions overshadowed higher-than-expected sales.
Kellogg Co cut its full-year profit outlook on Wednesday, citing increased spending on advertising and higher distribution costs, sending shares of the Corn Flakes maker sliding 9 percent.
CHICAGO/LONDON/ZURICH A trio of billionaire siblings known for inheriting the privately-held packaging giant Tetra Laval have snapped up nearly 20 percent of International Flavors & Fragrances Inc over two years, becoming the company's top shareholder, Reuters has learned.
* Rausing vehicle also holds the top stake in Comet Holding
Procter & Gamble Co reported first-quarter profit that beat estimates and sales that unexpectedly rose on Friday, thanks to robust demand for its beauty and cleaning products, helping it stave off rivalry from cheaper store-branded products.
CHICAGO/BOSTON Activist investor Daniel Loeb and Campbell Soup Co hardened their positions in the battle over the soup maker's future on Thursday as the hedge fund manager tried to woo retail shareholders and the company's interim chief executive told Reuters that Loeb had left no room for compromise.