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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 09, 2022
Page
8
Campbell Soup faces a fiscal second quarter report with analysts predicting declines in earnings and revenue from a year earlier for the November January period. Investors await guidance on sales trends for Campbell products including Campbell soup Pepperidge Farm cookies and V8 juice.
The Labor Department releases the monthly JOLTS tally showing U.S. employers posted about 10.9 million open jobs in January, roughly the same as December and well above pre pandemic levels. Openings peaked at 11.1 million in July, marking an all time high.
Wall Street expects United Natural Foods to report a mixed second quarter with earnings falling while revenue rises from a year earlier. The food distributor has benefited from stronger demand and higher prices, but faces higher costs from supply chain pressures after a solid first quarter.
Stocks closed lower Tuesday on wobbly Wall Street while oil prices rose following the U.S. ban on Russian imports. Market fallout from the Ukraine invasion hit Mandiant and Dick's Sporting Goods as Alphabet unit Google agreed to acquire the cybersecurity firm for 5.4 billion dollars.
The plan offers a 10-year 95 percent rebate for residential projects with affordable housing or historic designation, 15 years if both apply, and remains the same if reauthorized. The incentive program expires March 1, 2027 unless terminated early, with Catalyst and Douglas County appraiser updates on the agenda. The meeting starts at 5:30 p.m. at the Douglas County Courthouse, with Zoom access available.
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