Shipbuilder Sainty Marine Corp Ltd on Tuesday became the latest listed firm to report that it had failed to receive principal and interest repayments on a 900 million yuan loan to a property developer. The same day, Qiaqia Food Co Ltd announced that it would launch a lawsuit against another food producer for failing to pay interest on a 40 million yuan loan.» Read More
Nov 19- Campbell Soup Co, the world's largest soup maker, cut its full-year profit forecast on Tuesday after a drop in demand for its soups and drinks resulted in first-quarter earnings that fell far short of analyst estimates. The company cut its full-year adjusted earnings forecast to between $2.53 and $2.58 per share from $2.55- 2.60.
*Home Depot shares rise as housing recovery boosts results. *Best Buy swings to a profit, shares fall on margin concerns. "There's no real news to propel the market higher but no real options for investors in terms of other places to put their money," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.
Nov 19- Campbell Soup Co reported quarterly earnings that missed analysts' estimates by a wide margin as slowing demand hurt the world's largest soup maker's U.S. business. Net earnings attributable to Campbell Soup fell to $172 million, or 54 cents per share, from $245 million, or 78 cents per share, a year earlier.
Nov 18- Campbell Soup Co, the world's largest soup maker, reported a 2 percent fall in first-quarter revenue, hurt by falling drink sales and slowing demand in its core U.S. soup business. Net earnings attributable to Campbell Soup fell to $171 million, or 55 cents per share, from $245 million, or 78 cents per share, a year earlier.
WARRNAMBOOL, Australia, Nov 19- Dairy farmers in the tiny Australian town of Warrnambool, battered in recent years by drought, a stubbornly high currency and a bruising supermarket war over milk prices, are on the cusp of a much welcome windfall.
Nov 18- Tyson Foods Inc reported a 28 percent jump in quarterly profit on Monday, helped by higher chicken sales and a rebound in its beef business, and said it expected to benefit from lower grain costs this fiscal year.
*Boeing shares surge after news of Dubai Airshow plane orders. *Sony shares rally on PlayStation sales, pressure Microsoft.
Nov 18- Tyson Foods Inc reported a better-than-expected rise in quarterly profit, helped by higher chicken sales and a rebound in its beef business. Shares of the largest U.S. meat processor rose 4 percent to $30.00 in premarket trade on Monday. Tyson's chicken sales rose 2.4 percent to $3.16 billion in the fourth quarter ended Sept. 28.
Nov 18- Tyson Foods Inc reported a rise in quarterly profit, helped by higher chicken sales and a rebound in its beef business. The largest U.S. meat processor said on Monday that net income from continuing operations rose to $259 million, or 70 cents per share, from $203 million, or 57 cents per share, a year earlier. Sales rose 7 percent to $8.89 billion.
An analysis of online orders revealed that Greek salad is the most popular workday lunch, the Today Show reports.
Nov 14- Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company.
McDonald's plans to spend up to $3 billion next year to open 1,500 new restaurants and remodel 1,000 others.
Nov 14- McDonald's Corp on Thursday said it plans to spend $2.9 billion to $3 billion next year to open 1,500 to 1,600 new restaurants and remodel about 1,000 others- roughly in line with this year's reduced spending forecast.
MADRID, Nov 14- Mexican frozen food company Sigma Alimentos has launched a 695 million euro takeover bid for Spanish meat processor Campofrio at a price analysts said could tempt its leading shareholder to sell.
SAO PAULO, Nov 14- The focus of Brazil's JBS, the world's largest beef producer, is to bring down its debt levels after acquiring poultry producer Seara from rival Marfrig, Chief Executive Wesley Batista said on Thursday.
A bacterial strain of E. coli linked to a California catering company has forced a recall of more than 90 tons of prepackaged salads and sandwiches.
The "Squawk on the Street" team and Julia Stewart, DineEquity CEO, discuss what Dine is doing to honor military veterans, and what led to the company's turnaround of its IHOP and Applebee's franchises.
Eric Stryson, Director at Global Institute for Tomorrow says governments should take a stronger role in pricing and regulating the types of food people eat.
Will Slabaugh, Stephens Inc, still likes McDonald's despite weak same-store sales. Robert Derrington, Wunderlich Securities, explains why he believes in Red Robin.
Nov 8- McDonald's Corp reported lower-than-expected comparable-restaurant sales for October as sales fell in Japan. Global sales at restaurants open for more than a year rose 0.5 percent in October, but the growth was below the average analyst estimate of 0.6 percent, according to nine analysts polled by Thomson Reuters.