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Wednesday, April 7, 2010 as of 11:14 AM ET

Campbell's Soup

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Campbell Soup Company (), also known as Campbell's, is an American producer of canned soups and related products.

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HJ Heinz 4Q Net Falls 22%; Scales Back Growth Rates

H.

J. Heinz Co. (HNZ) scaled back its long-term growth rates slightly as the ketchup-maker plans to invest more into its business amid a challenging global environment.Heinz, after reporting a 22% decline in fiscal fourth-quarter profit due to costs related to productivity initiatives, expects adjusted per-share earnings to rise 5% to 8% in fiscal 2013 to $3.52 to $3.62 a share, a cautious view compared with the average analyst estimate of $3.59 a share, according to Thomson Reuters.Shares fell 2% in recent trading to $52.79.Over the next three to five years, Heinz sees earning rising 6% to 9%, getting the company back to previous growth rates after raising its long-term growth rate to 7% to 10% about a year ago.But since then, the outlook for the packaged-food industry has soured. Developed markets continue to remain challenged, and price increases are being met with resistance. In a reflection of just how much the landscape has changed, Heinz is now offering more of its products at lo...

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