U.S. stock index futures indicated a flat to slightly higher open, amid a spike in oil prices and ahead of key data.» Read More
*Tyson forced to cut prices to clear inventory. Aug 3- Tyson Foods Inc, the biggest U.S. meat processor, cut its full-year profit forecast after posting its slowest sales growth in nine quarters as customers overseas refused to accept shipments delayed by West Coast port disruptions. During the disruptions, Asian buyers were importing meat from other countries...
*Tyson Foods falls after profit forecast cut. Aug 3- Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed U.S. economy lost some momentum at the end of the second quarter. Energy stocks were the biggest losers among the main S&P sectors, with Exxon Mobil and Chevron leading the losers.
*Tyson Foods falls after profit forecast cut. *Diamond Offshore jumps after results handily beat expectations. Investors are also awaiting another batch of earnings reports- AIG, Allstate and General Growth Properties report after the market closes on Monday.
Aug 3- Tyson Foods Inc, the biggest U.S. meat processor, cut its profit forecast for the year ending September, citing export market disruptions in its beef business and high cattle costs. The Springdale, Arkansas- based company said on Monday it now expects full-year adjusted earnings of $3.10- $3.20 per share, down from its previous forecast of $3.30- $3.40.
Aug 3- Tyson Foods Inc, the biggest U.S. meat processor, warned it may not be able to achieve its profit forecast for the year ending September due to export disruptions in its beef business and high cattle costs. The company had previously forecast full-year profit of $3.30- $3.40 per share. Net income attributable to the company rose to $343 million, or 83 cents per...
Some of the names on the move ahead of the open.
August is here, bringing the final few pieces of data the Fed has left to consider before it holds its rates meeting in September.
Wendy's is testing antibiotic-free chicken items as it evaluates a broader move away from antibiotics in the meat.
In a note to clients, Goldman Sachs provided its investment outlook for the rest of the year, reiterating high valuations and tepid gains ahead.
Congress this week gave Obama "fast-track" power to speed the agreement through Congress. Microsoft Corp, International Business Machines Corp, AT&T Inc and Intel Corp see exports of digital services, such as software and technology consulting, rising in Asian markets. The deal would eliminate a 25 percent tariff on pickup trucks made in Japan and southeast...
U.S. stocks closed lower on Wednesday as investors weighed the renewed impasse in the Greece debt talks and digested domestic data.
Despite contending with drought, bird flu and flooding in the last year, agribusiness giant Cargill is seen weathering the storm.
The group's investigators took jobs at three Foster Farms production facilities and a slaughter house and covertly gathered the footage in March and April, said Matt Rice, director of investigations at Mercy for Animals. Privately held Foster Farms said in a statement that it was cooperating with authorities as it conducted its own investigation.
WASHINGTON, June 10- The U.S. House of Representatives on Wednesday voted to repeal meat labeling laws, which were widely backed by U.S. consumer groups, after Canada and Mexico threatened $3 billion in trade sanctions. Some of the biggest U.S. food and beverage companies, including Pepsico Inc, Tyson Foods Inc, the U.S. arm of Nestlé, Coca-Cola Co, Anheuser-Busch and...
Goldman Sachs and other Wall Street firms warned clients to not expect much more out of the overall stock market for the rest of the year.
WASHINGTON, June 8- The U.S. Supreme Court on Monday agreed to take up Tyson Foods Inc's challenge to an almost $5.8 million judgment awarded against the company over worker pay at an Iowa meat processing facility. Tyson Foods workers at a pork facility in Iowa sued in 2007, claiming they were entitled to overtime pay and damages because they were not paid for the...
WASHINGTON, June 8- The U.S. Supreme Court on Monday agreed to take up Tyson Foods Inc's challenge to an almost $5.8 million judgment awarded against the company over worker pay at an Iowa meat processing facility.
Hostess was all but dead after filing for bankruptcy, but now could be worth $2 billion according to the New York Post.
Walmart U.S. is asking suppliers to "report and take disciplinary and corrective action in cases of animal abuse."
Why are all the poultry-related stocks higher in the last five days as concern over avian flu intensifies?