Camden, N.J.-based Campbell Soup said second-quarter net earnings fell 8% to $239 million, or 71 cents a share, from $259 million, or 74 cents a share, a year earlier. Sales fell about 1% to $2.13 billion from $2.15 billion the year before. Analysts, on average, expected earnings of 71 cents a share on revenue of $2.15 billion. Shares of the company fell 3.3% to $33.80 in premarket trading Friday.Apple was in the headlines with The Wall Street Journal reporting that U.S. antitrust authorities are taking a look at the legality of the terms the company has set publishers to sell content on the iPad and other devices. More than 100 hedge fund managers sold some or all of their Apple shares after the maker of the iPad and iPhone surged 30% to a record in the last half of 2010. Apple shares fell 0.2% to $357.75 in premarket trading Friday.
Automaker Ford plans to launch a joint venture to make and sell Ford vehicles in Russia. Ford shares were rising 0.2% to $16 in premarket trading Friday.
Networking equipment maker Brocade Communications beat Wall Street's expectations for its fiscal first quarter amid strong sequential revenue growth. Shares of the company surged 8.8% to $6.55 in premarket trading.
Seattle-based fashion specialty retailer Nordstrom reported decent fourth-quarter earnings and announced an agreement to acquire HauteLook, a privately held online fashion retailer known for holding limited-time sales events for high-end fashion brands. There were no premarket quotes for Nordstrom. Shares of the company fell 0.5% Thursday to $46.48.
Jack Griffin, CEO of publisher Time Inc., has been fired after less than six months in the post, according to reports. Time Inc. is a unit of Time Warner. There were no premarket quotes for Time Warner. The stock rose 1% to $37.68 on Thursday.
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