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  • May 6- Wendy's Co, the No.3 U.S. burger chain, reported better-than-expected same-restaurant sales for the first quarter and said it planned to sell its bakery operations in the current quarter. Wendy's, like other burger chains including McDonald's Corp and Burger King Corp, has been selling many company-owned restaurants to franchisees to cut costs and...

  • Wendy's to sell 640 restaurants, bakery ops; 1Q mixed Wednesday, 6 May 2015 | 7:39 AM ET

    The hamburger chain also announced Wednesday that its first-quarter profit topped Wall Street's expectations as sales improved in North America. For the period ended March 29, Wendy's earned $27.5 million, or 7 cents per share. A year earlier it earned $46.3 million, or 12 cents per share.

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbor Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbour Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • *More than 24 mln birds affected by flu virus- USDA. CHICAGO, May 5- The U.S. government approved the use of an additional $330 million in emergency funds to help contain the worst avian influenza outbreak in U.S. history, as infected bird cases soared and hundreds of Minnesota poultry workers learned they would lose their jobs. Agriculture Secretary Tom Vilsack's...

  • Bird flu impact by the numbers   Tuesday, 5 May 2015 | 1:21 PM ET
    Bird flu impact by the numbers

    CNBC's Morgan Brennan digs into the real impact of the bird flu outbreak on the poultry industry.

  • May 5- Kellogg Co, the world's largest maker of breakfast cereals, reported better-than-expected quarterly profit and sales as demand rose in Latin America. The maker of Corn Flakes and Rice Krispies said on Tuesday that sales in Latin America rose 6 percent to $295 million in the first quarter ended April 4. The company's sales rose across product lines in Asia...

  • ADM 1Q profit rises on agriculture, oilseeds gains Tuesday, 5 May 2015 | 7:12 AM ET

    DECATUR, Ill.— Archer Daniels Midland Co. said Tuesday its net income climbed in the first quarter on better results from its agricultural services and oilseeds businesses and the flavors business it bought in 2014.. Archer Daniels Midland processes corn and wheat and makes agricultural products like vegetable oil, ethanol and ingredients used in packaged...

  • CHICAGO, May 5- The largest-ever U.S. outbreak of avian influenza, which has devastated Midwestern poultry and egg producers in recent weeks, could be felt at Thanksgiving tables across the nation come November, farmers and some trade groups say. The virulent H5N2 strain has already spread to 14 states and led to the deaths or scheduled euthanizations of more...

  • May 4- Sysco Corp reported a lower-than-expected quarterly profit, hurt by higher costs and a strong dollar, a day before hearing begins on the Federal Trade Commission's motion to block the company's acquisition of rival US Foods Inc.. Sysco, the no. 1 U.S. food distributor, said on Monday that higher prices of meat, dairy and poultry products, expenses related to...

  • May 4- Tyson Food Inc, the biggest U.S. meat processor, posted a better-than-expected quarterly profit, helped by its acquisition of Jimmy Dean sausage maker Hillshire Brands Co last year. Tyson, which bought Hillshire to expand its prepared foods business, said it expects to achieve more than $250 million in savings this year, up from the more than $225 million it...

  • Sysco's profit falls as meat, poultry costs rise Monday, 4 May 2015 | 8:14 AM ET

    May 4- Sysco Corp, the no. 1 U.S. food distributor, reported a 2 percent fall in quarterly profit, hurt by a rise in meat and poultry prices, a strong dollar and higher expenses. Sysco, whose proposed $3.5 billion deal to buy smaller rival US Foods Inc is facing opposition from the Federal Trade Commission, said net income fell to $177 million, or 30 cents per share, in the...

  • Sysco misses Street 3Q forecasts Monday, 4 May 2015 | 8:07 AM ET

    HOUSTON _ Sysco Corp. on Monday reported fiscal third-quarter net income of $177 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. Sysco shares have declined slightly more than 6 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more...

  • May 4- Tyson Foods Inc, the biggest U.S. meat processor, reported a 10.5 percent rise in quarterly sales, helped by the acquisition of Jimmy Dean sausage maker Hillshire Brands Co.. Net income attributable to Tyson Foods rose to $310 million, or 75 cents per share, in the second quarter ended March 28, from $213 million, or 60 cents per share, a year earlier.

  • Tyson Foods 2Q profit beats analysts' expectations Monday, 4 May 2015 | 7:36 AM ET

    SPRINGDALE, Ark.— Tyson Foods got strong performances from its chicken and prepared foods divisions, topping Wall Street expectations for the second quarter Monday. The per-share earnings were 2 cents better than expected by analysts surveyed by Zacks Investment Research. Tyson Foods Inc. still expects full-year earnings in the range of $3.30 to $3.40 per...

  • Working for Buffett is like 'marriage': BNSF chief Saturday, 2 May 2015 | 11:04 AM ET
    Matthew 'Matt' Rose, chairman and chief executive officer of Burlington Northern Santa Fe LLC (BNSF).

    BNSF is currently the largest entity in Berkshire Hathaway's portfolio. Is there a lot of pressure when you report to Warren Buffett?

  • OMAHA, Neb.— Berkshire Hathaway shareholders always celebrate Warren Buffett at the annual meeting, but amid the praise Saturday, investors also questioned a couple of the conglomerate's recent business moves. Buffett marked 50 years of leading Berkshire Saturday by spending hours answering questions alongside Vice Chairman Charlie Munger before an...

  • DES MOINES, Iowa— A state of emergency was declared Friday by Iowa Gov. Terry Branstad with nearly 17 million chickens and turkeys dead, dying or scheduled to be euthanized due to a widening bird flu outbreak. Iowa is the nation's leading egg producer, providing one of every five eggs consumed in the country.

  • CHICAGO, May 1- Hog farmers are six times more likely than the general population to carry an infectious bacteria that can cause skin and respiratory problems and resists treatment from multiple drugs, according to a new U.S. research study. The study, published this week in the online journal Clinical Infectious Diseases, is the largest-ever examination of...

  • CHICAGO, April 30- The highly pathogenic H5 avian flu turned up in initial tests at five more farms in Iowa, including a commercial egg operation housing up to 5.5 million birds, Iowa's agriculture department said on Thursday. The egg farm's owner, Rembrandt Foods, one of the top U.S. egg producers, confirmed the outbreak but disputed the number of birds affected.