Falling chicken prices lead to disappointing Q3 earnings for Sanderson Farms.» Read More
WASHINGTON, June 23- Sysco Corp's $3.5 billion merger with US Foods should be stopped for further review, a federal judge ruled on Tuesday, handing a major victory to the U.S. government in its effort to block the controversial merger. Sysco Chief Executive Officer Bill DeLaney said the company was "profoundly disappointed" with the judge's decision to grant the...
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WASHINGTON, June 23- Sysco Corp's $3.5 billion merger with US Foods should be stopped for further review, a U.S. federal judge ruled on Tuesday, handing a major victory to the U.S. government, which had filed an antitrust lawsuit aimed at blocking the controversial merger. Sysco Chief Executive Officer Bill DeLaney said the company was "profoundly disappointed"...
WASHINGTON, June 23- Sysco Corp, the nation's largest food distributor, lost a battle with the U.S. government as a federal judge ruled on Tuesday that the company could not merge with its biggest competitor, US Foods, without a go-ahead from antitrust enforcers. "The FTC has shown that there is a reasonable probability that the proposed merger will substantially...
Fifteen large S&P 500 stocks tend to perform poorly during the summer, USA Today reports.
While the recent bird flu outbreak has hit many hard, it has also yielded some winners.
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May 20- Hormel Foods Corp, the maker of Spam lunch meat, said it expected sales at its Jennie-O Turkey Store business to fall about 15 percent in the second half of the year, due to a supply shortfall caused by an avian flu outbreak in the United States. However, shares of the company, which reported a better-than-expected second-quarter profit and reaffirmed its...
The bird flu outbreak could threaten U.S. poultry and egg supply for the next nine to eighteen months according to food service company Sysco.
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Sysco said on Friday that a record U.S. outbreak of avian flu would limit its chicken and egg supply for nine to 18 months.
NEW YORK, May 15- Food distributor Sysco Corp said on Friday that a record U.S. outbreak of avian flu would limit its chicken and egg supply for nine to 18 months, based on information provided to the company by its suppliers. Sysco is the biggest U.S. food distributor, whose clients include restaurants, hotels and hospitals. The company is discussing options with its...
Jason Subotky of Yacktman Asset Management sold shares of a technology-dinosaur stock in favor of a food play.
Sysco's CEO says the FTC, which is suing to block the company's merger with US Foods, has it all wrong.
Since when did Janet Yellen become a market commentator? Jim Cramer shares the best way to play the head of the Fed.
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U.S. stocks closed higher, following positive momentum from Europe, as investors looked to Fed speeches and data for signals on rate hike timing.
Bonds were higher, hewing to narrow ranges on a combination of consolidation from last week's decline and low trading volumes in Tokyo and London.
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...