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Agricultural Producers

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  • SUVA, Nov 19- Indian Prime Minister Narendra Modi on Wednesday pledged a multi-million dollar line of credit for Fiji's struggling sugar industry, once worked by thousands of indentured labourers from India under appalling conditions. India will provide a $70 million line of credit to build a co-generation power plant at a sugar mill, Modi said in an address...

  • SUVA, Nov 19- Indian Prime Minister Narendra Modi on Wednesday pledged a multi-million dollar line of credit for Fiji's struggling sugar industry, once worked by thousands of indentured labourers from India under appalling conditions. India will provide a $70 million line of credit to build a co-generation power plant at a sugar mill, Modi said in an address...

  • Nov 17- Tyson Foods Inc, the largest U.S. meat processor, reported better-than-expected quarterly profit on Monday, helped by higher prices for beef and pork. Tyson's net income nearly halved to $137 million, or 35 cents per share, for the fiscal fourth quarter ended Sept. 27. Still, earnings excluding acquisition charges and other items came in at 87 cents per share,...

  • Hellmann's maker tweaks site in 'mayonnaise' spat Monday, 17 Nov 2014 | 10:21 AM ET

    After suing a small California company for calling its product " Just Mayo," because the product is made without eggs, it was discovered that Unilever had tweaked its website to make clear that some of its own salad dressings also do not actually contain mayonnaise, but were described in the same way. The suit accuses Hampton Creek of false advertising, with...

  • Tyson Foods profit beats expectations Monday, 17 Nov 2014 | 9:36 AM ET

    Tyson Foods, the largest U.S. meat processor, reported a better-than-expected quarterly profit. Tyson Foods shares were up 5 percent.

  • UPDATE 1-Tyson Foods profit beats expectation Monday, 17 Nov 2014 | 8:57 AM ET

    Nov 14- Tyson Foods Inc's, the largest U.S. meat processor, reported a better-than-expected quarterly profit. Tyson Foods shares were up 5 percent in premarket trading. The company said it expects an adjusted profit of $3.30- 3.40 per share and sales of $42 billion for the year ending September 2015.

  • Tyson Foods profit halves as beef sales fall Monday, 17 Nov 2014 | 7:44 AM ET

    Nov 14- Tyson Foods Inc, the largest U.S. meat processor, said its quarterly profit nearly halved as beef sales fell. Net income attributable fell to $137 million, or 35 cents per share, in the fourth quarter ended Sept. 27, from $261 million, or 70 cents per share, a year earlier. Revenue rose 13.6 percent to $10.10 billion.

  • Tyson Foods beats Street 4Q forecasts Monday, 17 Nov 2014 | 7:39 AM ET

    SPRINGDALE, Ark.— Tyson Foods Inc. shares jumped Monday on strong profit and revenue gains from the meat processor. Analysts surveyed by Zacks Investment Research were anticipating earnings of 77 cents per share. Tyson's revenue rose to $10.11 billion in the period, which topped market forecasts of $9.88 billion, according to Zacks.

  • Hellmann's owner sues over rival's use of 'Mayo' Tuesday, 11 Nov 2014 | 8:27 AM ET

    The food company Unilever is suing a California company that uses the word "Mayo" in its sandwich spread name, saying that federal regulators and dictionaries define mayonnaise as a spread that contains eggs. The suit claims false advertising by the company Hampton Creek for labeling its plant-based product " Just Mayo." Unilever says in a complaint filed in...

  • MEXICO CITY/ WASHINGTON, Oct 27- Mexico and the United States reached a deal on Monday to avert potentially steep duties on Mexican sugar imports to the United States, defusing a months-long dispute that threatened to escalate into a major trade war. The concessions will help resolve a dispute that threatened to spiral into a tit-for-tat trade war after Mexico...

  • MEXICO CITY/ WASHINGTON, Oct 27- Mexico and the United States reached a deal on Monday to avert potentially steep duties on Mexican sugar imports to the United States in talks that went down to the last minute. The U.S. Department of Commerce said late on Monday that Mexican and U.S. officials and Mexican sugar exporters initialed a draft agreement that would...

  • HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. Tokmakjian's company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to...

  • HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. His company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to prove any of...

  • OTTAWA, Sept 29- A little-known Canadian federal agency helped put in place a total of $418 million worth of Cuban deals for a firm headed by Cy Tokmakjian, the businessman jailed for corruption in Havana last week. The total value of CCC's Cuban contracts with the Tokmakjian Group between 1992 and 2011 was C $418 million, said corporation spokeswoman Lina Seto.

  • Premium pet food company Freshpet files for IPO Friday, 12 Sep 2014 | 5:48 PM ET

    Goldman Sachs and Credit Suisse are the lead underwriters for the IPO, the New Jersey- based company said in a filing with the U.S. Securities and Exchange Commission on Friday. Freshpet's filing listed private equity firm MidOcean Partners LP and Tyson Foods Inc, the largest U.S. meat processor, as investors.

  • SHANGHAI, Sept 2- McDonald's Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. fast food chain and rival Yum Brands Inc. Industry insiders had told Reuters that suppliers in China often knew about audits in advance.

  • Thailand plans to grow more sugar, swell global supply Thursday, 28 Aug 2014 | 11:17 PM ET

    *Support of rural population is key for govt in Thailand. BANGKOK, Aug 29- Thailand plans to boost the amount of land it uses to grow sugarcane, potentially increasing refined sugar output in the world's second-biggest exporter of the sweetener by around 10 percent, a government official said. The' rai' is a unit of measurement commonly used in Thailand.

  • WASHINGTON, Aug 27- Tyson Foods Inc, the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its purchase of Hillshire Brands Co.. The attorneys general of Illinois, Iowa and Missouri, all big hog-producing states, joined the settlement that the companies reached with the Justice Department's Antitrust Division.

  • MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties as high as 17 percent on Mexican sugar in a victory for the powerful U.S. sugar industry but a blow to U.S. candy and soft drink makers who face paying more for the sweetener.

  • MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties on Mexican sugar in a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico, which is keen to agree a deal to avoid the new levies.