Headline News

Campbell's Soup (CPB)

Campbell's Launches Pace Salsas in Foodservice

Campbell's announced the launch of three Pace® specialty salsas in foodservice. The new varieties include: * Tequila Lime Salsa, featuring real tequila from blue agave; * Pico de Gallo, made with fresh jalapeños and onions, and * Salsa Verde, featuring hand-picked jalapeños and tomatillos.
According to Campbell's press release, salsa is America's favorite condiment. Americans consume nearly 170 million pounds of Pace salsa each year, and one quarter of U.S. households have a bottle of Pace salsa in their homes. Now consumers can enjoy their favorite retail varieties of Pace specialty salsas in delectable dishes and dips in their favorite restaurants.

Feb 10 · 1:31:00 PM · Source: Company Press Release
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by Rich Pike

Colgate (CL)

Colgate Announces 20% Dividend Increase

Colgate recently announced it will increase its quarterly dividend by 20%. The increase will be effective as of the second quarter, 2010. The new rate of $.53 per share is up from $.44. In addition, The Board of Directors also authorized a new share repurchase program. The Company plans to purchase 40 million common shares over the next two years.
Wow, talk about a company that is feeling good about itself! In this environment to raise the dividend 20% and announce a huge stock repurchase program is pretty darn impressive. Then again, the Company has paid uninterrupted dividends on its common stock since 1895. 1895!!

Feb 10 · 1:23:00 PM · Source: Company Press Release
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by Rich Pike

Avon Products (AVP)

Avon 5% Increase In Regular Quarterly Dividend

Avon Products announced a 5% increase in its regular quarterly dividend. The new dividend rate will be $.22 per common share, up from $.21 per share, beginning with the first-quarter dividend payable March 1, 2010, to shareholders of record February 23, 2010.
At today's stock price of $29.40, Avon currently yields 3.0%.

Feb 10 · 1:16:00 PM · Source: Company Press Release
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by Rich Pike

Coca-Cola (KO)

Coke's Net Up 55%

Coca-Cola Co. said Tuesday its fourth-quarter profit rose 55%, $ to 1.54 billion, or 66 cents a share, in the period vs. $995 million, or 43 cents a share, in the same quarter a year ago. Revenue at the Atlanta-based company rose to $7.51 billion from $7.13 billion.
A gain in volume was the good news, and helped send the stock up at the opening.

Feb 9 · 12:19:00 PM
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by Michael Oliveto

Supervalu (SVU)

Supervalu Posts Profit, Maintains View for Year

Supermarket company Supervalu, whose regional brands banners include Albertsons and Jewel-Osco, posted net income of $109 million, or 51 cents a share, for its fiscal third quarter. In the year-earlier period, it had a net loss of $2.94 billion on a massive non-cash charge. Sales in the latest period fell to $9.22 billion from $10.17 billion.
Earnings topped expectatations and it maintained its full-year forecast.

Jan 12 · 11:12:00 AM · Source: Company News Release
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by Larry Etter

ConAgra Foods (CAG)

Conagra Posts Strong Quarterly Earnings

ConAgra Foods said Monday its net profit increased to $239.7 million, or 54 cents a share, in the fiscal second quarter that ended Nov. 29 from $168.1 million, or 37 cents a share, a year earlier. Total sales fell about 2.4 percent to $3.17 billion.
Earnings and sales topped analyst expectations.

Dec 21 · 1:36:00 PM · Source: Company News
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by Larry Etter

Walgreen (WAG)

Walgreens Posts Record Quarterly Earnings/Sales

Walgreens Monday said it posted record earnings and sales for the fiscal first quarter of 2010. First quarter net earnings were $489 million, or 49 cents per share, a 19.6 percent increase from $408 million from 41 cents per diluted share a year ago. First quarter 2010 results include the impact of 3 cents per diluted share in restructuring and related costs associated with the company's Rewiring for Growth initiative. First quarter sales increased 9.5 percent from the prior-year quarter to $16.4 billion. Total sales in comparable stores (those open at least a year) increased 4.9 percent in the quarter, while front-end comparable store sales increased 2.7 percent.

Dec 21 · 1:23:00 PM · Source: Company News
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by Larry Etter

Chattem Inc. (CHTT)

Sanofi to Buy Chattem To Boost Consumer Presence

French pharmaceuticals company Sanofi-Aventis Monday said it would acquire Chattem Inc. for $1.9 billion.
The move would step up Sanofi's presence in the consumer drug market, as Chattem, based in Tennessee, makes products like Icy Hot pain-relieving patches and gel and ACT mouthwash and posted revenues of $454.9 million in 2008.

Dec 21 · 1:19:00 PM · Source: Company News
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by Larry Etter

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