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Campbell Soup

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BUSINESS
January 28, 1986 | By FREDERICK H. LOWE, Daily News Staff Writer
Campbell Soup announced yesterday the company will spend $37 million in the next three years to modernize its Camden canned food plant to make it more competitive. James Moran, a Campbell spokesman, said the modernization is part of a $1 billion package the company plans during the next several years to upgrade its 75 domestic plants, mushroom farms and bakeries. Campbell Soup Co., which had $2.9 billion in revenue last year, has 90 plants worldwide. Moran said Campbell officials decided to upgrade the Camden plant, the company's oldest, after discussing two other options.
BUSINESS
November 14, 1991 | By Andrea Knox, Inquirer Staff Writer
Campbell Soup Co. yesterday reported its fifth straight quarter of record earnings under David W. Johnson, the aggressive chief executive hired 22 months ago to pull the company out of the doldrums. Earnings for the first quarter of the company's fiscal year rose a healthy 23 percent, despite a 3 percent drop in sales. The company credited productivity gains and the sale of some unprofitable business lines for the earnings growth. Part of the sales decline resulted from the disposition of those businesses.
NEWS
June 13, 2012 | By Claudia Vargas and INQUIRER STAFF WRITER
The Sears building that has been vacant for years on Admiral Wilson Boulevard in Camden was sold Monday to Campbell Soup Co. for $3.5 million after years of litigation. The former department store will be razed to make room for a 13-acre office park, which Campbell spokesman Anthony Sanzio said would ideally house professional firms and new businesses in the financially struggling city. "It's a win for us, a win for the city, and hopefully a win" for former owner Ilan Zaken, Sanzio said.
BUSINESS
September 27, 1991 | By Jennifer Lin, Inquirer Staff Writer
For the second time in four years, Campbell Soup Co. has announced a plan to buy back a substantial amount of its stock. The company's board of directors yesterday voted to repurchase as many as 3 million shares "from time to time. " The repurchase would amount to 2 percent of the company's 125.5 million outstanding shares. Leonard Griehs, director of investor relations for Campbell Soup, said the plan was a means of enhancing the company's stock value. "It's another way of rewarding shareholders," Griehs said.
NEWS
June 3, 2010
Camden activists desperate to save a former Sears building from destruction are calling for a boycott of Campbell Soup. About a dozen of them, from the group Camden United Inc., gathered Wednesday in the Sears parking lot to urge supporters to stop buying Campbell's soups and other products. Campbell, which wants to develop an office park around its headquarters, says developers are balking at working on the project as long as the 83-year-old Sears building is standing on it. The owner of the building, which has not had any businesses in it for several years, is pushing a plan to turn it into a restaurant-equipment distribution center and culinary school.
NEWS
April 8, 1998 | By Bill Price, INQUIRER STAFF WRITER
William E. Harwick of Radnor, a retired Campbell Soup Co. executive, died of heart failure Friday at his winter home in Vero Beach, Fla. Mr. Harwick retired from Campbell Soup Co. in Camden in 1983 as vice president of administrative services. He had been with the company for 32 years and previously worked for the Rohm & Haas Co. in Philadelphia. After retiring from Campbell Soup, he served for a number of years as acting administrator of the Corielle Institute in Camden, which raises funds for medical research.
NEWS
December 4, 1996 | By S. Joseph Hagenmayer, INQUIRER CORRESPONDENT
Philip Walburn Souder, 96, who worked his way up from chemist to president of research and development at Campbell Soup Co. before retiring in 1960, died Monday at his Moorestown home. Born in Lester Manor, Va., and raised in Camden, he completed three years at Camden High School before enlisting in the Army. A World War I veteran, he was assigned to Battery F of the 73d Coast Guard Regiment, which was stationed with railway guns behind the Metz front in France. After the military, Mr. Souder graduated from Millersville State Normal School in Millersville, Pa., in 1920.
NEWS
July 8, 1997 | By Andy Wallace, INQUIRER STAFF WRITER
Albert A. Austin, 72, of Haverford, former vice president of Campbell Soup Co., died of an apparent heart attack Saturday at his summer home in Cotuit, Mass. Born in Ireland, Mr. Austin grew up in Milton, Mass., and served in the Navy during World War II. He was a graduate of Yale University and Harvard Business School. For more than 30 years, he was an executive at Container Corp. of America. In 1983, when he was a senior vice president, Mr. Austin left CCA and went to work at Campbell Soup, where he was vice president for containers and capital improvement from 1984 until he retired in 1989.
NEWS
December 5, 1998 | By Susan Warner, INQUIRER STAFF WRITER
Harold A. Shaub, 83, former president and chief executive officer of Campbell Soup Co., died of heart failure Sunday at Bryn Mawr Hospital. He lived in Bryn Mawr and had formerly lived in Gladwyne. In his 38 years at Campbell, Mr. Shaub rose from being a supervisor at the Camden plant to head the company. Under his leadership, Campbell's sales doubled. Mr. Shaub also oversaw the launching of Campbell's Labels for Education program. "Harold was a good man and a dear friend for more than 25 years," Joe Paterno, the football coach at Pennsylvania State University, said yesterday.
NEWS
December 13, 1996 | By S. Joseph Hagenmayer, INQUIRER CORRESPONDENT
William A. Schmidt, 64, retired vice president of engineering for Campbell Soup Co., died of pancreatic cancer Tuesday at his Moorestown home. Mr. Schmidt, an Army veteran and a graduate of Drexel University, rose through the ranks at Campbell from engineering trainee to corporate vice president. In 1981, the year he earned a master's in business administration from St. Joseph University, Mr. Schmidt was named executive vice president and then president of Pepperidge Farm Inc. Campbell's baked-goods subsidiary.
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BUSINESS
May 22, 2016 | By Harold Brubaker, Staff Writer
Shares in Campbell Soup Co. fell more than 6 percent Friday after the Camden-based food company reported a sales decline for the quarter ended May 1. Campbell blamed cautious consumer spending, weak soup sales from a mild winter, soft results for V-8 juices, and cold, rainy weather in California that disrupted the fresh carrot supply in its Bolthouse Farms division. The carrot problem at Bolthouse, which sells juices, carrot concentrate, and fresh carrots, accounted for $14 million in lost sales in the quarter, Campbell chief financial officer Anthony DiSilvestro told analysts.
BUSINESS
April 30, 2016 | By Jane M. Von Bergen, Staff Writer
The timing couldn't be better for Ryan O'Hagan, 32, an IT manager at Campbell Soup Co. and, what is more significant, an expectant father with a little boy on the way in less than two weeks. Campbell said Thursday that it would provide 10 weeks of fully paid leave to new parents, including those bringing home adoptive children, joining dozens of high-profile companies making similar announcements recently. "My first reaction was that it's a complete relief," O'Hagan, of Blue Bell, said shortly after Campbell chief executive Denise Morrison announced the policy to an audience of hundreds of parents and youngsters gathered at the company's Camden headquarters for Take Your Children to Work Day. "As first-time parents, I know we have to figure out a new routine," said O'Hagan.
BUSINESS
February 19, 2016 | By Harold Brubaker, STAFF WRITER
Campbell Soup Co. has committed $125 million to new venture capital fund, with the goal of investing in startups that are transforming the food industry from farms to home delivery, the Camden company's chief executive officer told analysts Wednesday. Denise Morrison, the CEO, said that since 2010 about 400 startups in the food industry had received about $6 billion in venture-capital funding. "To date our participation in that space has been limited," she said, citing Campbell's unspecified investment in Juicero Inc., a startup developing a new technology for juicing fruits and vegetables, according to a 2014 patent application.
BUSINESS
February 12, 2016 | By Harold Brubaker, STAFF WRITER
Campbell Soup Co. is winding down its 42-year-old Labels for Education program because of declining participation, the company said on the program's website. The Labels for Education site said the program had paid for than $110 million in school supplies at tens of thousands of schools across the United States. "During the past year, we've been assessing the impact of these programs and through this, we've seen that participation in Labels for Education has declined considerably," the company said.
BUSINESS
November 26, 2015 | By Harold Brubaker, Inquirer Staff Writer
Campbell Soup Co. on Tuesday raised the earnings outlook for its fiscal year ending next summer, after benefiting in its first quarter from higher prices for products and gains in supply-chain efficiency. That news helped push Campbell's shares to a 3.09 percent gain on the New York Stock Exchange, where it closed at $51.33, up $1.54, near a 52-week high of $51.67 in September. The Camden company, whose brands include V8 and Pepperidge Farm, also warned, however, that sales in fiscal 2016 are expected to be flat to down 1 percent, in part because of the negative impact of foreign-currency translation.
BUSINESS
January 31, 2015 | By Harold Brubaker, Inquirer Staff Writer
Campbell Soup Co. has shuffled top executives and said it would "proceed on a reorganization of Campbell's corporate functions to deliver agile and effective support to the business divisions, and on a major project to reexamine and redesign the company's cost structure. " In its announcement Thursday, the Camden company, whose gross profit margin has steadily eroded in recent years, provided no specifics on targets for cutting costs. The reorganization, not the first in Campbell's recent history, reduced the company's divisions to three from four.
NEWS
January 30, 2015 | By Bonnie L. Cook, Inquirer Staff Writer
George M. Dorrance III, 63, of Villanova, a Royal Bank of Canada wealth manager, died Tuesday, Jan. 27, of leukemia at the Hospital of the University of Pennsylvania. He had been diagnosed with the disease last March. A scion of the Campbell Soup Co. family, Mr. Dorrance was the son of G. Morris Dorrance Jr., former CoreStates chairman, who was eulogized at his death in 2011 as "a banker with a heart. " His grandfather was a prominent surgeon. Mr. Dorrance worked from an office at 6 Tower Bridge in Conshohocken as a wealth manager for RBC Dain Rauscher Corp., which provides banking services to corporate and governmental clients and investment advice and services to individual investors, according to a company profile.
NEWS
September 10, 2014 | By Walter F. Naedele, Inquirer Staff Writer
  Richard L. Baker was among more than 30 men who for years have attended a weekly Bible study class at the First Presbyterian Church in Moorestown. "He never missed it. He had a longing to know Scripture," the Rev. Jonathan Miller, the First Presbyterian pastor, said in a phone interview. Getting there took some effort, Miller said: The class was held each Wednesday, at 6:30 a.m. On Friday, Sept. 5, Mr. Baker, 89, who retired in 1990 as deputy general counsel for Campbell Soup Co., died of heart failure at his home in Moorestown.
ENTERTAINMENT
July 22, 2014 | By Toby Zinman, For The Inquirer
"In the future, everyone will be famous for 15 minutes. " Andy Warhol's 15 has been the longest in the history of time, and his fame for his iconic Campbell Soup cans and multiple portraits of Marilyn lives on. The artist who defined the Pop Art movement is the subject of Andy: A Popera , the love child/brainchild of the Bearded Ladies and Opera Philadelphia. Their collaboration will culminate in a full production in March 2015, but meanwhile, this work-in-progress is presented as a cabaret in the Wilma Theater's lobby.
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