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☆ Emails show how a right-wing group steers GOP leaders on major policy issues
▼ + stars: | 2024-03-17 | by ( Bob Ortega | Daniel Medina | ) edition.cnn.com time to read: +18 min

Missouri Secretary of State Jay Ashcroft speaks with reporters on Jan. 23 in Jefferson City, Missouri. In Wyoming, a GOP state senator forwarded an FGA draft bill to Secretary of State Chuck Gray that would prohibit sending out unsolicited absentee ballot request forms. Emails show the group strategized with the secretary of state’s office for weeks leading up to Ashcroft proposing his own such rule last January. FGA notches wins with weakened child labor lawsFGA’s lobbying group, The Opportunity Solutions Project, spearheads its efforts at the state level. Chip Somodevilla/Getty ImagesFGA also continues its push at the state level across the country to enact its policy priorities.

Persons: State Jay Ashcroft, “, Ashcroft, Kacen Bayless, FGA, –, Chuck Gray, ” Gray, Gray, ”, Joe Biden’s, Jay, Daniel Garrett, Garrett, “ It’s, Missouri’s, Scott Fitzpatrick, BlackRock, ” Fitzpatrick, Mark Felix, Fitzpatrick, ALEC, Andy Puzder, Carls Jr, ” Puzder, Kristina Shelton, Puzder, ” Kristina Shelton, they’ve, Tarren Bragdon, Rebecca Burkes, It’s, Tyson, ’, Bragdon, Sarah Bryner, Florida Governor Ron DeSantis, Paul Renner, Donald Trump, Chip Somodevilla, Shelton, ” Shelton Organizations: CNN, State, Republican, Foundation, Government, Missouri, Kansas City Star, Tribune, Service, GOP, Ashcroft, Conservative, Missouri Chamber of Commerce, National, University of Pennsylvania, Brookings Institution, Exxon, BlackRock, ” BlackRock, Energy, ExxonMobil, Washington Post, American Legislative Exchange Council, Heritage Foundation, Heritage, Boston, Wisconsin Democratic, FGA, Solutions, Tyson Foods Inc, George’s Inc, US Department of Labor, Solutions Project, Daily, The Heritage Foundation, Alliance, Trump, Florida Governor, Bragdon, Florida House, House, FBI, Justice Department, Department of Education, Center, Pleaides Locations: Missouri, Texas, Jefferson City , Missouri, Wyoming, Kansas , Indiana, BlackRock, Florida, ExxonMobil Baytown, Baytown , Texas, Washington, ” Wisconsin, Wisconsin, Arkansas, Iowa, Park City , Utah, DeSantis, Rome , Georgia

☆ The action in Tyson tells me negativity might be baked in, says Jim Cramer
▼ + stars: | 2023-11-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

The action in Tyson tells me negativity might be baked in, says Jim Cramer'Mad Money' host Jim Cramer digs into the latest out of Tyson Foods including quarterly results, stock struggles and more.

Persons: Tyson, Jim Cramer Organizations: Tyson Foods

☆ Tyson is recalling nearly 30,000 pounds of its dinosaur-shaped nuggets
▼ + stars: | 2023-11-05 | by ( Rebecca Cohen | ) www.cnbc.com time to read: +1 min

A bag of Tyson Foods Inc. frozen chicken is arranged for a photograph in Tiskilwa, Illinois, U.S., on Thursday, May 5, 2016. Tyson Foods is recalling nearly 30,000 pounds of one of its products — dinosaur-shaped chicken nuggets — after some consumers reported finding small metal pieces, the Department of Agriculture's Food Safety and Inspection Service announced Saturday. The recall is specifically for the 29-ounce plastic bags of the product officially called Fully Cooked Fun Nuggets Breaded Shaped Chicken Patties, the FSIS said in a release. Approximately 29,819 pounds of the Fun Nuggets are impacted, according to the release. FSIS is urging anyone who might be keeping a bag of the Fun Nuggets in the freezer to throw them out and to avoid eating them.

Persons: Tyson, Tyson Foods, FSIS Organizations: Tyson Foods Inc, Tyson, Department of Agriculture's, Inspection Service, Nuggets Locations: Tiskilwa , Illinois, U.S, Alabama , California , Illinois , Kentucky, Michigan , Ohio , Tennessee, Virginia, Wisconsin

☆ Beware of these expensive stocks that analysts don't like
▼ + stars: | 2023-10-17 | by ( Brian Evans | ) www.cnbc.com time to read: +8 min

For context, the longer-term P/E ratio for the past 12 months of the S & P 500 is about 21 times trailing earnings. That compares to a five-year average P/E ratio of 19.87. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62. For context, the longer-term P/E ratio for the past 12 months of the S&P 500 is about 21 times trailing earnings. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62.

Persons: JPMorgan's Marko Kolanovic, David Vogt, Tyson Foods, Jefferies, Henry Schein, Michael Bloom, Darla Mercado, Angela Weiss, HSIC Henry Schein, MOH Organizations: Treasury, Federal Reserve, CNBC Pro, IBM, UBS, Premier U.S, Tyson, Prudential Financial, Jefferies, Prudential, CNBC, Hewlett Packard Enterprise, Molina Healthcare, Pinnacle West, Traders, New York Stock Exchange, AFP, Getty, Business Machines Corp, Healthcare, Progressive Corp, Pinnacle West Capital Corp, TSN Tyson Foods, Business Machines Corp IBM, Target Premier U.S, Tyson Foods Inc TSN, Prudential Financial Inc

[1/3] The word "justice" is seen engraved at the headquarters of the United States Department of Justice (DOJ) in Washington, D.C., U.S., May 10, 2021. "Agri Stats operates its information exchanges to promote total industry profits at the expense of competition," said the DOJ's complaint. Attorney Justin Bernick of law firm Hogan Lovells, which is representing Agri Stats in the DOJ case, said the company denies the allegations. "Agri Stats provides vital benchmarking services that help keep production costs and prices low for consumers," Bernick said in an email. Tyson did not respond to questions about whether the company uses Agri Stats reports or provide comment on the lawsuit.

Persons: Andrew Kelly, Justin Bernick, Hogan Lovells, Bernick, Tyson, Leah Douglas, Barbara Lewis, Leslie Adler Organizations: United States Department of Justice, Washington , D.C, REUTERS, U.S . Department of Justice, Agri, Smithfield Foods, Tyson Foods, DOJ, Thomson Locations: Washington ,, U.S

☆ Tyson and Perdue face child labor investigations, New York Times reports
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. The Labor Department and Tyson Foods did not immediately respond to a request for comment from Reuters. The Labor Department has also opened investigations into Fayette Industrial and QSI that run cleaning shifts for Perdue and Tyson respectively, the newspaper said. In April the Biden administration sent a letter to meat companies including Tyson and Perdue asking the companies to examine their supply chains for evidence of child labor. The letter was part of an effort by several agencies, led by the Labor Department, to curb the use of illegal child labor across sectors.

Persons: Arnd, Tyson, Perdue, QSI, Biden, Gokul, Daniel Wallis Organizations: Tyson Foods, REUTERS, U.S . Department of Labor, Perdue, New York Times, Labor Department, New York Times Magazine, Reuters, The Labor Department, Fayette Industrial, Tyson, Thomson Locations: Davos, Switzerland, Shore of Virginia, Fayette, Bengaluru

☆ Tyson Foods aims to resume slaughtering pigs in mid May at Nebraska plant
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, May 9 (Reuters) - Tyson Foods Inc (TSN.N) plans to resume slaughtering pigs in mid-May at a Madison, Nebraska, pork plant damaged by fire two weeks ago, the meatpacker said on Tuesday. The extended halt to slaughtering comes as weak consumer demand for pork and low prices are squeezing margins for meatpackers and hurting hog farmers. The Madison plant is doing limited "further processing" work, she said, after hogs are slaughtered elsewhere. The company previously said it was repairing the plant and expected it to resume production the second week of May. U.S. meatpackers slaughtered an estimated 451,000 hogs on Tuesday, down from 470,000 hogs a week ago and 478,000 hogs a year ago, the U.S. Department of Agriculture said.

May 8 (Reuters) - Tyson Foods Inc (TSN.N) shares plunged 16% to a three-year low on Monday as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast following a decline in prices for its beef and pork. CEO Donnie King, who is seeking to cut costs, said Tyson remains in an unusual position of facing challenges in its beef, pork and chicken businesses at the same time. The company cut its forecast for fiscal year 2023 sales to $53 billion to $54 billion from $55 billion to $57 billion. Reuters GraphicsSales volumes in Tyson's beef segment also fell 3% in the quarter, putting overall sales down 8.3% at $4.62 billion. The company pegged full-year beef margins at negative 1% to positive 1%, compared with its previous forecast of 2% to 4%.

May 8 (Reuters) - Tyson Foods Inc (TSN.N) posted a surprise second-quarter loss and cut its full-year revenue forecast on Monday as prices for its beef and pork have declined, sending the U.S. meatpacker's shares tumbling 9% before the bell. CEO Donnie King, who is seeking to cut costs, said meat markets are challenging and Tyson is focused on improving profit margins. The company lowered its forecast for fiscal year 2023 sales to $53 billion to $54 billion from $55 billion to $57 billion. Average sales prices of beef and pork fell 5.4% and 10.3%, respectively, in the quarter ending April 1. Sales volumes in Tyson's beef segment also fell 3%, leaving the unit's overall sales down 8.3% at $4.62 billion.

☆ Shrinking US cattle herd squeezes meatpacker profits
▼ + stars: | 2023-05-04 | by ( Tom Polansek | ) www.reuters.com time to read: +5 min

Cargill, the world's largest ground beef producer, expects cattle prices will rise further, but it is still a question whether higher beef prices will ruin consumers' appetites, company executives said. Big profits for meatpackers during the pandemic and soaring beef prices fueled concerns in the Biden administration about consolidation and profiteering in the sector. The companies say supply and demand determine cattle and beef prices. In 2023, "the cattle feeder can negotiate more of the consumer dollar," said Brett Gottsch, managing partner Gottsch Cattle Co, which raises cattle in Nebraska. Gottsch remains concerned about a lack of competition among meatpackers, though others said surging cattle prices show the market works.

☆ Tyson Foods to eliminate 10% of corporate jobs - memo
▼ + stars: | 2023-04-26 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

CHICAGO (Reuters) - Tyson Foods Inc will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday. FILE PHOTO: The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. The eliminated roles in senior leadership are mostly vice presidents and senior vice presidents, a company spokesperson said. Some corporate employees already left the company after Tyson said in October it was relocating all corporate jobs to its headquarters in Springdale, Arkansas. However, the 10% reduction in corporate roles is not related to the relocation, a Tyson spokesperson said.

☆ Tyson Foods to Cut 10% of Corporate Jobs, Eliminate Some Senior Leadership Roles
▼ + stars: | 2023-04-26 | by ( Patrick Thomas | ) www.wsj.com time to read: 1 min

A Tyson Foods pork processing plant in Logansport, Ind. Photo: Michael Conroy/Associated PressTyson Foods Inc., the largest U.S. meat supplier by sales, is eliminating 15% of its senior leadership positions and 10% of corporate roles, according to a memo sent to employees. “This is not an easy day,” Tyson Chief Executive Donnie King said Wednesday in a note to employees, which was reviewed by The Wall Street Journal. Discussions with the majority of affected employees will take place this week, Mr. King said.

☆ Tyson Foods to eliminate 10% of corporate jobs -memo
▼ + stars: | 2023-04-26 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

CHICAGO, April 26 (Reuters) - Tyson Foods Inc (TSN.N) will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday. Discussions with most affected employees are slated to take place this week, King said in a memo to employees seen by Reuters. The eliminated roles in senior leadership are mostly vice presidents and senior vice presidents, a company spokesperson said. Some corporate employees already left the company after Tyson said in October it was relocating all corporate jobs to its headquarters in Springdale, Arkansas. However, the 10% reduction in corporate roles is not related to the relocation, a Tyson spokesperson said.

April 12 (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Wednesday Chief Financial Officer Gina Goetter was leaving the company at the end of April, and toymaker Hasbro Inc (HAS.O) said she would take over as its finance chief. Harley issued a statement saying that Vice President, Treasurer David Viney will serve as interim CFO after Goetter's departure on April 28. Shares of the company were down 2.8% in extended trading after falling more than 6% on Wednesday. After cutting hundreds of jobs in 2020, Harley has either beaten or met Wall Street earnings forecasts in recent years, while navigating high inflation and supply chain constraints. Hasbro said Goetter will assume the role as CFO on May 18, succeeding Deborah Thomas at the company that makes Transformers action figures.

April 12 (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Wednesday Chief Financial Officer Gina Goetter was leaving the company at the end of April to pursue another job. The Milwaukee-based company said Vice President David Viney will take over as interim CFO after Goetter's departure on April 28. Shares of the company fell 6.3% in extended trading. Before joining Harley, Goetter held top finance roles at meat company Tyson Foods Inc (TSN.N) and cereal maker General Mills Inc. (GIS.N)The company did not respond to a request for additional information. After cutting hundreds of jobs in 2020, Harley has either beaten or met Wall Street earnings forecasts in recent years.

April 12 (Reuters) - A U.S. judge on Tuesday approved a $75 million settlement between Smithfield Foods Inc and a class of consumers who accused the pork producer of conspiring to restrict supply in order to keep prices artificially high. Pork consumers last year settled with Smithfield rival JBS SA for $20 million. The judge in a separate order on Tuesday awarded nearly $25 million in legal fees to the plaintiffs firms representing the consumer class. The consumer class attorneys said in a court filing in January that they'd spent more than 37,000 hours pursuing antitrust claims over four years. The case is In re Pork Antitrust Litigation, U.S. District Court, District of Minnesota, No.

WASHINGTON, April 12 (Reuters) - Meat companies should examine their supply chains for evidence of child labor, the Biden administration said in a letter sent to top meatpacking companies on Wednesday. The letter is part of an effort by several agencies, led by the Department of Labor, to curb the use of illegal child labor across sectors. In February, the Labor Department found that more than 100 children had been illegally employed by Packers Sanitation Services Inc, a company that contracts with meat-packers to clean slaughterhouses. Agriculture Secretary Tom Vilsack asked meat and poultry companies in the letter to determine whether illegal child labor is being used in their supply chains and to adopt stronger child labor standards for subcontractors. The Department of Agriculture is exploring enforcement mechanisms that would allow stronger oversight of child labor use in food supply chains and plans to take future steps on the issue, an agency spokesperson said.

☆ Tyson Foods Heir Looks to Help Right the Family Business After His Arrest
▼ + stars: | 2023-04-10 | by ( Patrick Thomas | ) www.wsj.com time to read: 1 min

Tyson Foods’ John R. Tyson speaking at the WSJ Global Food Forum in Chicago last year. John R. Tyson began Nov. 5 running 7 miles in a weighted vest. In the wee hours of the next morning, he was arrested by four police officers and taken to jail in his underwear. Since his arrest, the family-controlled Tyson Foods Inc. has stood by its chief financial officer, who is also the great-grandson of the company’s founder and son of its current chairman, as Mr. Tyson’s case played out in court and the media.

☆ U.S. Tyson Foods workers strike at Arkansas chicken plant set to close
▼ + stars: | 2023-04-10 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

CHICAGO, April 10 (Reuters) - About 150 employees of a Tyson Foods Inc (TSN.N) chicken plant in Arkansas went on strike on Monday for better treatment before the company shuts the facility, an organizer said. Tyson plans to close the plant in Van Buren, Arkansas, on May 12, eliminating jobs for 969 non-union employees, as it seeks to improve performance in its chicken business. Some employees quit after Tyson announced the plant would close, leaving more work for fewer employees, Licolli said. Tyson has offered to transfer plant workers to another facility in Texas, with compensation for relocating, but many do not want to uproot their lives or their families, Licolli said. Tyson said in an email that it is offering employees relocation support to work at other facilities in Arkansas as well.

☆ Tyson Foods workers strike at US chicken plant set to close
▼ + stars: | 2023-04-10 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

CHICAGO, April 10 (Reuters) - About 150 employees of a Tyson Foods Inc (TSN.N) chicken plant in Arkansas went on strike on Monday for better treatment before the company shuts the facility, an organizer said. Tyson plans to close the plant in Van Buren, Arkansas, on May 12, eliminating jobs for 969 employees, as it seeks to improve performance in its chicken business. Some employees quit after Tyson announced the plant would close, leaving more work for fewer employees, Licolli said. Tyson has offered to transfer plant workers to another facility in Texas, with compensation for relocating, but many do not want to uproot their lives or their families, Licolli said. Tyson also received pushback over a plan to shut a chicken plant in Glen Allen, Virginia, with 692 employees.

The planned closure of the plant has left dozens of Virginia chicken growers scrambling to find new buyers in a region with few other options. Tyson alerted Virginia farmers by phone on March 13 and later by mail that it will shut its Glen Allen plant on May 12, according to three poultry farmers who supply the plant. The USDA, which enforces the PSA, told Reuters it is "closely monitoring" Tyson's planned plant closure. 'WE'RE DONE'Under normal circumstances, Tyson supplies farmers with chicks, while farmers assume the costs of land and chicken houses. On Monday, about 20 Tyson farmers and local government officials gathered in a fire station in Burkeville, Virginia, and raised concerns about Tyson's short timeline for closure of the plant, attendees said.

☆ Tyson to Close Two Chicken Plants, Laying Off 1,700 Workers
▼ + stars: | 2023-03-14 | by ( Patrick Thomas | ) www.wsj.com time to read: 1 min

Tyson Foods Inc. plans to shut down two of its poultry plants and lay off nearly 1,700 workers as it tries to improve its chicken operations that produce about one-fifth of the U.S. supply. Tyson notified the nearly 1,000 employees at its Van Buren, Ark., chicken plant on Monday that it would close on May 12, the company said. About 700 workers at Tyson’s plant in Glen Allen, Va., also found out on Monday that its plant would close in May, according to the local United Food and Commercial Workers International Union, which represents employees at the Virginia plant.

☆ Tyson Foods to shut two US chicken plants with nearly 1,700 workers
▼ + stars: | 2023-03-14 | by ( Tom Polansek | ) www.reuters.com time to read: +3 min

CHICAGO, March 14 (Reuters) - Tyson Foods Inc (TSN.N) will close two U.S. chicken plants with almost 1,700 employees on May 12, the company said on Tuesday. Tyson will shut a plant in Glen Allen, Virginia, with 692 employees and a plant in Van Buren, Arkansas, with 969 employees, according to a statement. "The current scale and inability to economically improve operations has led to the difficult decision to close the facilities," Tyson said. Shuttering plants is difficult but justified as Tyson seeks to improve performance, said Arun Sundaram, senior equity analyst at CFRA Research. Tyson had about 124,000 U.S. employees as of Oct. 1, including 118,000 workers at non-corporate sites like meat plants, regulatory filings show.

☆ Tyson Foods to shut two U.S. chicken plants with nearly 1,700 workers
▼ + stars: | 2023-03-14 | by ( Tom Polansek | ) www.reuters.com time to read: +1 min

CHICAGO, March 14 (Reuters) - Tyson Foods Inc (TSN.N) will close two U.S. chicken plants with almost 1,700 employees on May 12, the company said on Tuesday. The closures show that the biggest U.S. meat company by sales is still trying to figure out how to improve its chicken segment that has struggled for years. Tyson Foods will shut a plant in Glen Allen, Virginia, with 692 employees and a plant in Van Buren, Arkansas, with 969 employees, according to a statement. "The current scale and inability to economically improve operations has led to the difficult decision to close the facilities," the company said. The United Food and Commercial Workers union, which represents employees at Tyson's plant in Virginia, slammed the decision to close the facility.

☆ Tyson Foods to lay off 1,700 workers, close two chicken plants
▼ + stars: | 2023-03-14 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

A package of Tyson Foods Inc. chicken is arranged for a photograph in Tiskilwa, Illinois. Tyson Foods will close two chicken plants in May, affecting nearly 1,700 employees. "While the decision was not easy, it reflects our broader strategy to strengthen our poultry business by optimizing operations and utilizing full available capacity at each plant," Tyson said in a statement to CNBC. The company's plants in Van Buren, Arkansas, and Glen Allen, Virginia, will close May 12. Coca-Cola offered voluntary buyouts to North American workers, while PepsiCo cut jobs in its Frito-Lay and North American beverage units.

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