July 28- Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co..» Read More
WASHINGTON, July 29- A U.S. appeals court on Tuesday rejected a food industry challenge to a federal rule concerning labeling requirements for meat, a ruling that could have a major impact on businesses fighting federal regulation on free-speech grounds.
WASHINGTON, July 29- A U.S. appeals court on Tuesday rejected for a second time a food industry challenge to a federal regulation that specifies labeling requirements for certain meat products.
The way consumers would be informed when their food has been genetically engineered is being battled in Congress and among advocacy groups.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Family Dollar Stores Inc., up $15.08 to $75.74. The discount retailer is being bought for $8.5 billion by rival Dollar Tree, which is significantly broadening its reach as it looks to fend off Wal-Mart.
July 28- Tyson Foods Inc, the biggest U.S. meat processor, said on Monday it would sell its Mexican and Brazilian poultry businesses to bigger global rival JBS SA's Pilgrim's Pride for $575 million.
July 28- Tyson Foods Inc, the biggest U.S. meat processor, said it would sell its Mexican and Brazilian poultry businesses to JBS SA, the world's No. 1 meat producer, for $575 million. The company said it would use proceeds from the sale to pay down debt associated with its $7.7 billion acquisition of Hillshire Brands Co, which is expected to close in the current quarter.
SPRINGDALE, Ark.— Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands. Tyson Foods Inc. said it expects the sale of its Mexico and Brazil operations to JBS SA will be completed by the end of the year.
July 28- Tyson Foods Inc, the biggest U.S. meat processor, said it would sell its Mexican and Brazilian poultry businesses to Pilgrims Pride Corp parent JBS SA for $575 million. Tyson, which also reported a 10.9 percent rise in quarterly sales, said it would use the sale proceeds to pay down debt associated with its $7.7 billion acquisition of Hillshire Brands Co..
CNBC's Eunice Yoon reports OSI Group is going to make sweeping changes and conduct a full review of its factories in China on the heels of a food safety scandal.
As American education focuses on closing the gap between the classroom and employers' needs, programs in North Carolina, California and elsewhere are putting teachers temporarily in the workplace. He is wrapping up a five-week stint in the research and development labs of a Danish company in Franklinton, about 30 miles north of Raleigh.
Tyson outbid Pilgrim's Pride Corp with its $63 per share offer for Hillshire, valuing the Jimmy Dean sausages maker at $8.55 billion. The Cherokee plant will close on Sep. 27, while the Buffalo and Santa Teresa plants are expected to stop operating in the first half of 2015, the company said.
Tyson, the biggest U.S. meat processor, announced Friday the planned closures of the plants in Cherokee, Iowa; Buffalo, New York; and Santa Teresa, New Mexico. The Cherokee plan will close Sept. 27, and the Buffalo and Santa Teresa plants are expected to shut down in the first half of 2015..
The Cherokee, Iowa, plant will close on Sep. 27, while the Buffalo, New York, and Santa Teresa, New Mexico plants are expected to cease operations in the first half of 2015, the company said.
As prices for meat and seafood push higher due to droughts and disease, processed foods keep down food inflation.
NBC News' Jim Maceda reports Russia and the U.S. State Department engaged in a "war of words," and a potential sanction deal on Russia from Europe.
Fast casual restaurant chain El Pollo Loco is in five U.S. states, and shares are at session highs. The FMHR traders take their positions.
Starbucks CEO Howard Schultz discusses his company's loyalty program strategy with "stars" as currency, and how food sales are performing.
*CFO says Danone 2020 plan is "not a strategic review". PARIS, July 25- Food group Danone is confident of hitting full-year targets despite a weak first-half as it looks to a stabilization of European dairy revenues this year and the launch of new baby food products in China.
HONG KONG, July 25- McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the centre of a food safety scare in China.
MOSCOW, July 25- Russia's consumer protection agency has filed a lawsuit in a Moscow court seeking to ban some of McDonald's Corp's burgers along with its milk shakes and ice cream, a court spokeswoman said on Friday.