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Food and Beverage Food Products

  • SAO PAULO, June 13- Brazilian banks might be unable to lower loan-loss provisions as much as expected this year because of a potential wave of plea deals involving corporate borrowers as well as mounting political turmoil, JPMorgan Securities said on Tuesday. Analyst Natalia Corfield wrote in a client note that a still sluggish economy and weaker prospects...

  • NEW YORK, June 13- The U.S. Food& Drug Administration on Tuesday delayed implementing a new nutrition facts label that had been finalized a year ago by the Obama administration, saying that more time was needed based on feedback from the food industry. In details posted on its website on Tuesday, the FDA said it would provide details of the extension later.

  • *UAE, Saudi Arabia are vital trade routes for Qatar. DOHA/ LONDON, June 12- Qatar and container lines have launched new shipping services via Oman in an effort to sidestep a port ban in neighbouring countries and secure a food lifeline after other Gulf states severed ties with Doha last week. Saudi Arabia, the United Arab Emirates and some other Arab countries cut...

  • The changes are part of Elk Point's selection as site of a multibillion-dollar defamation case pitting ABC News against South Dakota- meat processor, Beef Products Inc. The company contends that ABC and reporter Jim Avila defamed it by referring to its signature product as "pink slime" in 2012 broadcasts. ABC is a unit of Walt Disney Co.. While BPI could face an...

  • BRASILIA, June 9- Brazil's top electoral court dismissed a case on Friday that threatened to unseat President Michel Temer for alleged illegal campaign funding in the 2014 election, when he was the running mate of impeached President Dilma Rousseff. "We cannot be changing the president of the Republic all the time, even if the people want to," said the court's chief...

  • BRASILIA, June 9- Brazil's top electoral court dismissed a case on Friday that threatened to unseat President Michel Temer for alleged illegal campaign funding in the 2014 election, when he was the running mate of impeached President Dilma Rousseff. The acquittal will help Temer retain key coalition allies who will support his fiscal reform agenda approval...

  • BRASÍLIA, June 9- Brazil's attorney general's office has asked a federal court to grant it access to the full terms of a leniency agreement signed between J&F Investimentos and federal prosecutors regarding multiple graft probes, according to a document seen by Reuters on Friday. Under the financial terms of the deal, which have already been disclosed, J&F...

  • The changes are part of Elk Point's selection as site of a multibillion-dollar defamation case pitting ABC News against South Dakota- meat processor, Beef Products Inc. The company contends that ABC and reporter Jim Avila defamed it by referring to its signature product as "pink slime" in 2012 broadcasts. ABC is a unit of Walt Disney Co.. While BPI could face an...

  • SAO PAULO, June 9- Brazil's federal police on Friday raided the offices of JBS SA to investigate the alleged use of insider information in financial market dealings, pushing shares in the embattled meatpacker to a two-week low. In the plea testimony, the Batista brothers, Joesley and Wesley, said President Michel Temer received 15 million reais in JBS bribes,...

  • SAO PAULO, June 9- Yields paid on Brazilian interest-rate future contracts slipped on Friday after annual inflation dipped to a 10- year low, spurring bets that the central bank would likely cut rates sharply next month. In foreign exchange and stock markets, Brazilian traders were monitoring the deliberations of the country's top electoral court in a case...

  • BRASILIA, June 9- Brazil's top electoral court on Friday was poised to toss out a case alleging that President Michel Temer used illegal campaign funding in 2014, giving the beleaguered leader some breathing room even as he faces a separate corruption investigation. One justice on Brazil's seven-member Supreme Electoral Court voted to annul the election...

  • NEW YORK, June 9- For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of Ohio- based Spangler Candy Co have, over the years, moved their plants south to Mexico and beyond to gain...

  • NEW YORK, June 9- For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of Ohio- based Spangler Candy Co have, over the years, moved their plants south to Mexico and beyond to gain...

  • BRASILIA, June 8- A Brazilian presidential decree raising fines on banks and other companies involved in illicit acts aims to empower the country's central bank and the securities industry watchdog to boost transparency, Finance Minister Henrique Meirelles said on Thursday. An index of financial-sector companies on the Sao Paulo stock exchange fell...

  • BRASILIA, June 8- After its chief judge urged his peers to consider Brazil's political stability, the country's top electoral court on Thursday excluded testimony of engineering company executives in an illegal campaign funding case against President Michel Temer. That would clearly be a temporary win for Temer, but analysts say it would still leave him...

  • BRASILIA, June 8- Brazil's top electoral court on Thursday excluded testimony of engineering company executives from an illegal campaign funding trial against President Michel Temer, a move that suggested it would throw out a case that had threatened to unseat him. The Supreme Electoral Tribunal voted 4-3 to exclude plea-bargain testimony of Odebrecht SA...

  • BRASILIA, June 8- The majority of judges on Brazil's top electoral court argued on Thursday to exclude testimony by construction executives on illegal campaign funding, suggesting they could throw out a case that has threatened to force President Michel Temer from office. Exclusion of the plea bargain testimonies from Odebrecht SA executives by the Supreme...

  • CHICAGO/ HONG KONG, June 8- Smithfield Foods Inc's owner, China- based WH Group Ltd, is scouting for U.S. and European beef and poultry assets to buy, in a move that would sharpen its rivalry with global meat packers Tyson Foods Inc and JBS SA. Sullivan did not provide further detail, but parent WH Group is looking for targets in beef and poultry in the United States and...

  • MOSCOW, June 8- Russia's Sberbank said on Thursday that the Commercial Court in Zagreb has rejected its claim asking to bar Agrokor from entering into new financing agreements under a roll-up option. "This effectively means that, according to the judges who considered the applications, the current version of Lex Agrokor does not provide any protection for...

  • The company's net income fell to $110.4 million, or 96 cents per share, in the fourth quarter ended April 30, from $191 million, or $1.61 per share, a year earlier. Smucker recorded a $57.5 million impairment charge and a $21.5 million derivative loss in the fourth quarter. Excluding items, the company earned $1.80 per share, beating analysts' average estimate of...