Campbell Soup Co. (NYSE: CPB) said fiscal fourth-quarter net income fell to $69 million, or 20 cents a share, from $89 million, or 25 cents a share, as sales dropped to $1.53 billion from $1.71 billion. Excluding items, it would have earned 30 cents a share, topping the 26 cents-a-share guidance. The company sees fiscal year earnings rising 5% to 7%. –Marketwatch

GM’s Chevrolet Equinox, which is powered by a pollution-free fuel-cell, passed its one millionth mile in test drives. GM stated that trials have been done with roughly 5,000 people rotating in and out of more than 100 cars over the past 25 months. The vehicle is powered by electricity which is generated by a reaction between oxygen and hydrogen . The question that GM must face is whether anyone will buy the car. GM has not disclosed what the vehicle will cost, but if gas prices remain low, buyers may not be willing to pay a large premium for the car. -24/7 Wall St.

Brazil’s gross domestic product grew more than expected in the second quarter, emerging from its first recession since 2003 due to rising domestic demand. Brazil’s economy grew 1.9 percent in Q2 from the previous quarter. Analysts anticipated an expansion of 1.7 percent, according to an average estimate of 35 analysts surveyed. GDP dropped 1.2 percent from a year prior, less than the 1.4 percent drop forecast. Six straight months of job growth, coupled with tax breaks and record low borrowing costs, are driving consumer spending, helping country rebound from the global financial crisis faster than previously expected, said Alexandre Schwartsman, chief economist for Banco Santander SA in Sao Paulo. -Bloomberg

Fedex Corp. (NYSE: FDX) stated that its fiscal Q1 profit will exceed company guidance due to better-than-expected international volume and improved cost management. The company said it expects to report earnings of 58 cents a share, compared to its earlier guidance of 30 cents to 45 cents a share for the period ended Aug. 31. Analysts polled were looking for earnings of 43 cents a share, on average. For the second quarter, FedEx predicts earnings in the range of 65 cents to 95 cents a share, compared to the Wall Street consensus of 72 cents a share. Shares of FDX jumped 4.5% in premarket trading to $76.08. -Marketwatch

Investors Double Down on Commodities – Bloomberg reports, “Investments in commodity products advanced to $2.63 billion last month, at least double the amount recorded for any August…Exchange-traded products got $1.74 billion and commodity- linked mutual funds took in $472 million.” Clearly investors are eyeing commodities are a safe haven against the ongoing decline of the U.S. dollar. As this trend continues, successful investors will be well-positioned in the commodity sector which, despite a decent rebound and a rocky road in the short-term, still has a lot of upside left to go. - Q1 Publishing

In other news, American International Group (NYSE: AIG) received a downgrade to underperform from analysts at Wells Fargo (NYSE: WFC), saying the current premium at which AIG shares are trading is unjustified. -Marketwatch

-Jutia Group