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Food and Beverage Food Products

  • BRASILIA, Sept 11- A Brazilian judge on Monday suspended criminal aspects of the leniency agreement of J&F Investimentos SA, a holding company run by the scandal-ridden Batista family, adding to uncertainty about billions of dollars of asset sales. Federal Judge Vallisney de Souza Oliveira held up the criminal immunity of additional J&F executives until the...

  • BRASILIA, Sept 11- A Brazilian judge on Monday suspended the leniency agreement of J&F Investimentos SA, a holding company run by the scandal-ridden Batista family, throwing billions of dollars of asset sales into question. Federal Judge Vallisney de Souza Oliveira held up J&F's accord until the Supreme Court makes a final ruling on Joesley Batista's plea...

  • SAO PAULO, Sept 11- A Brazilian judge on Monday fully suspended a leniency accord for J&F Investimentos SA, the holding company with which the billionaire Batista family controls meatpacker JBS SA, according to a court document.

  • SAO PAULO/ BRASILIA, Sept 11- Brazil's government intends to approve its proposed pension overhaul in the lower house of Congress in October, prioritizing it over a possible tax reform in the tight schedule ahead of the 2018 election year, ministers said on Monday. The pension overhaul, considered vital by the government to avoid an eventual debt crisis, has been...

  • In a statement, Pilgrim's Pride said the purchase of Moy Park, a major supplier of chicken in Western Europe, was negotiated and approved by a special committee comprised of three independent board directors. Under the terms of the purchase, which will be funded with cash and debt with parent JBS, Pilgrim's Pride will keep Moy Park based in Craigavon, Northern...

  • NEW YORK— Pilgrim's Pride says it paid about $1 billion to buy U.K. poultry producer Moy Park from its biggest shareholder JBS, which has been selling off its assets amid a corruption scandal in Brazil. Greeley, Colorado- based Pilgrim's Pride Corp. said Monday the acquisition will help it expand in Europe. Like Pilgrim's Pride, Moy Park sells frozen and fresh...

  • In a statement, U.S. poultry company Pilgrim's Pride said the purchase of Moy Park, a major supplier of chicken in Western Europe, was negotiated and approved by a special committee comprised of three independent board directors. Under the terms of the purchase, which will be funded with cash and debt with parent JBS, Pilgrim's Pride will allow Moy Park to remain...

  • SAO PAULO, Sept 11- Brazilian stocks hit a record high on Monday as investors grew more confident about the passage of President Michel Temer's sweeping economic agenda, including a challenging revamp of the country's social security system. The allegations forced him to spend political capital in Congress fighting corruption charges rather than pushing...

  • SAO PAULO/ BENGALURU, Sept 11- U.S. poultry processor Pilgrim's Pride Corp agreed on Monday to pay parent JBS SA about $1 billion for British subsidiary Moy Park Ltd, helping the Brazilian meatpacking giant retain a valuable asset amid a growing scandal. Under terms of the transaction, which will be funded with cash and debt to parent JBS, Pilgrim's Pride will allow...

  • SAO PAULO/ BRASILIA, Sept 11- Brazilian federal police raided the home of billionaire Joesley Batista, who surrendered to authorities the previous day after losing immunity from prosecution amid a corruption scandal, two people familiar with the situation said on Monday. Federal Supreme Court Justice Edson Fachin gave the nod to the raids, which included the...

  • Sept 11- Pilgrim's Pride Corp, a U.S. based chicken processor, said it bought poultry supplier Moy Park from Brazil's JBS SA in a deal valued at about $1 billion.

  • BRASILIA, Sept 10- Billionaire Joesley Batista, one of the owners of JBS SA, the world`s largest meatpacker, and executive Ricardo Saud surrendered on Sunday and were arrested by Brazilian police, their lawyer said. Batista and Saud went to federal police headquarters in Sao Paulo on Sunday afternoon and will be transferred to Brasilia on Monday, their lawyer,...

  • Warren Buffett

    Here's why Warren Buffett might have said Kraft Heinz isn't interested in buying Mondelez.

  • Florida Fruit and Vegetable Association: We are number one in US for oranges and grapefruit

    Lisa Lochridge, Florida Fruit and Vegetable Association, discusses Florida orange growers preparing for Hurricane Irma's impact.

  • Kraft and Heinz products

    Kraft Heinz has named David Knopf, 29, as chief financial officer.

  • Chili's is ditching 40 percent of its menu

    Casual dining chain Chili's is ditching more than 50 items from its menu.

  • Domino's CEO: Clearly self-driving vehicles are coming

    Patrick Doyle, Domino's president & CEO, talks about the company's partnership with Ford Motors to offer customers driverless food delivery.

  • Sept 8- Heinz ketchup maker Kraft Heinz Co said on Friday 3 G Capital partner David Knopf would replace Paulo Basilio as its chief financial officer, starting in October. Kraft Heinz, backed by billionaire investor Warren Buffett and private equity firm 3 G Capital, also said Basilio would become president of its U.S. business, while Chief Operating Officer...

  • *Investors on sidelines ahead of North Korea holiday. TOKYO, Sept 8- Japan's Nikkei share average dropped to four-month lows on Friday while the broader Topix was almost flat as investors held off buying on concerns North Korea could launch another missile on Saturday to mark its founding day. Japanese shares have been dragged down by tensions over North...

  • *Investors on sidelines ahead of North Korea holiday. TOKYO, Sept 8- Japan's Nikkei share average dipped near four-month lows on Friday while the broader Topix was almost flat as investors held off buying on concerns North Korea could launch another missile test on its important national holiday over the weekend. North Korea on Thursday pledged to take "...