A small maker of exercise equipment ended up moving its product by air because of shipping problems on the West Coast, nearly wiping out its profit.» Read More
Nov 7- Shares of pet food maker Freshpet Inc rose as much as 35 percent in their trading debut on Friday as investors rushed to grab a piece of the company expected to benefit from rising pet ownership and spending on pet food in the United States. The company raised $156.3 million after it sold all the 10.4 million shares in the initial public offering at $15 each,...
Once known as an often-dreaded gift handed out by thrifty grandmas socks are having their fashion moment thanks to fashion-conscious men.
The market is experiencing its most volatile period in five months, and there are few safe harbors amid the sell-off.
All too often, investors throw out the proverbial baby with the bathwater. Cramer would hate to see some of them lost down the drain.
Companies making headlines before the bell Wednesday.
The Latino population, experts predict, will see their buying power grow to $1.5 trillion by next year.
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.
Sept 3- Perdue Foods said on Wednesday it has stopped using antibiotics at its chicken hatcheries, completing a five-year effort aimed at curbing the unnecessary use of antibiotics.
"By no longer using any antibiotics in our hatcheries or any human antibiotics in feed, we've reached the point where 95 percent of our chickens never receive any human antibiotics," said Bruce Stewart-Brown, Perdue Foods' senior vice president of food safety, quality and live operations.
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.
This meat products company did so well in the third-quarter that it's "working hard to stay independent," says CNBC's Jim Cramer.
Some of the names on the move ahead of the open.
Aug 12- The U.S. Department of Justice's Antitrust Division has asked Tyson Foods Inc and Hillshire Brands Co for additional information related to Tyson's $7.7 billion offer for the maker of Jimmy Dean sausages. Tyson in June outbid JBS SA's Pilgrim's Pride with a $63 per share offer for Hillshire in what would be the biggest deal yet in the global meat business.
CHICAGO, Aug 12- Beef Products Inc will reopen a Kansas processing plant on Monday to boost production of "lean finely textured beef," which critics call "pink slime," as wholesale beef prices soar with a shrinking U.S. cattle herd.
China has barred pork imports from six U.S processing plants and six cold storage facilities effective on Wednesday.
WASHINGTON, Aug 11- Employment growth at the largest U.S. companies has lagged far behind increases in revenue and operating profit since the start of the century, as firms reaped the benefits of globalization, technology, and other ways to operate more productively, according to a Reuters analysis of corporate data.
Putin earlier signed an order banning or limiting imports of agricultural products from countries which have imposed sanctions on Russia.
Some of Monday's midday movers:
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Food industry M&A is ramping up, and pros say there's a lot more action ahead. Who's next?