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.
*Sony shares rally on PlayStation sales, pressure Microsoft. "It could be these numbers cause us to stutter a little bit here," said John Manley, chief equity strategist at Wells Fargo Funds Management in New York.
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.
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Since 2005, food companies have eliminated over 73 percent of the transfats in their products.
WILMINGTON, Del., Nov 4- Cooper Tire& Rubber Co of the United States and Apollo Tyres Ltd of India should be enjoying a honeymoon. The result is a lawsuit in Delaware's Court of Chancery in which Cooper, which has 13,000 employees worldwide, is seeking a court order to close the deal.
DALLAS, Nov 3- For more than a century, ranchers and their children have paraded cattle around the dusty show ring at the State Fair of Texas in Dallas, in a rite of passage that is part farm economics, part rural theater.
Oct 31- U.S. pharmaceutical giant Merck& Co faces significant challenges bringing its controversial feed additive Zilmax back to market in the United States and Canada, even after a vote of confidence from South Korea on Thursday.
*South Korea currently bans controversial animal feed zilpaterol. SEOUL, Oct 31- South Korea plans to end its ban on the animal feed additive zilpaterol early next year, a senior food ministry official said on Thursday, opening the door to beef imports containing the growth enhancer and its domestic sale.
CHICAGO, Oct 30- Cargill Inc, one of the world's largest beef processors, threw a wrench into Merck& Co.' s plans to reintroduce its feed additive Zilmax, stating it will not accept Zilmax-fed beef into the Cargill supply chain "until we are 100 percent confident the animal welfare issues are resolved."
CHICAGO, Oct 29- U.S. drugmaker Merck& Co told Reuters on Tuesday that it plans to bring its Zilmax animal feed additive back for sale in the United States and Canada, after it completes an audit of how the muscle-building cattle feed product is used in the agriculture sector.
CHICAGO, Oct 29- Cattle are entering U.S. packing plants slightly thinner than a year ago as feedlots rush the animals to market to cash in on record-high prices and are no longer feeding them the growth promotant Zilmax, analysts and economists said.
WINNIPEG, Manitoba/ CHICAGO, Oct 25- A decision by Tyson Foods Inc to stop buying slaughter-ready Canadian cattle looks to accelerate the movement of lighter Canadian cattle to U.S. feedlots, industry sources say, damaging the already fragile Canadian beef sector.
CHICAGO, Oct 24- Tyson Foods Inc said it halted purchases of slaughter-ready cattle from Canada as of mid-October due to higher costs associated with mandatory country-of-origin labeling, a company spokesman said on Thursday.
CHICAGO, Oct 23- Slaughter cattle in Texas and Kansas set the highest price on record Wednesday when they traded at mostly $132 per hundredweight, the result of a smaller herd and rising beef prices, analysts and economists said.
*Says halts some U.S. beef imports from unit of JBS USA. SEOUL, Oct 9- South Korea said it has suspended some U.S. beef imports after detecting the controversial growth enhancer in cattle, Zilpaterol, in 22 tonnes of beef supplied by a work site from a unit of meat producer JBS USA.
Vancouver, British Columbia- based A&W Food Services of Canada, known for its Teen Burger, dancing bear mascot and root beer, launched its "Better Beef" promotional campaign this week. Privately held A&W, which has annual sales of about C $850 million, said it is the only national burger restaurant in Canada to source only hormone-free beef.
CHICAGO, Sept 23- The Chicago Mercantile Exchange will no longer accept delivery of cattle fed the growth additive Zilmax on Oct. 7 to conform with exchange guidelines for deliveries against CME live cattle futures, said CME in a statement on Monday.