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Richa Naidu

UPDATE 3-Campbell Soup 1st-qtr profit beats estimate, shares jump

20 Nov 2018

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.

Third Point says buybacks allowed Campbell heirs to build power

05 Nov 2018

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.

Consumer companies try price hikes as U.S. wages climb

02 Nov 2018

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.

Kraft Heinz earnings disappoint as costs surge, shares slide

01 Nov 2018

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 cuts full-year profit outlook, shares tumble

31 Oct 2018

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.

Exclusive: Billionaire family behind Tetra Pak revealed as mystery IFF shareholder

24 Oct 2018

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.

RPT-EXCLUSIVE-Billionaire family behind Tetra Pak revealed as mystery IFF shareholder

24 Oct 2018

* Rausing vehicle also holds the top stake in Comet Holding AG

Product demand helps Procter & Gamble beat profit, sales estimates

19 Oct 2018

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.

Campbell, Third Point battle heats up, no concessions on the table

18 Oct 2018

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.

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