Archives for February 23, 2011

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Campbell’s lowers guidance as Q2 profits fall

By Caroline Scott-Thomas

The Campbell Soup Company has seen its second-quarter profits fall 8 percent on lower soup revenues and increased promotional spending, the company has said.

Potato producers could face price fixing lawsuit

By Caroline Scott-Thomas

The United Potato Growers of America, which represents about 80 percent of the United States’ producers of fresh and process potatoes, could face a massive lawsuit accusing it of price fixing.

Dannon probiotic yogurt sales up 16% despite claims crackdown

By Shane Starling

US probiotics leader Dannon appears to have weathered recent class action and Federal Trade Commission (FTC)-led storms that forced it to alter gut health claims for its spoonable and drinkable yogurt, Activia, with sales rising 16 percent in 2010.