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☆ ‘Chinese chorizo’ honors fusion of two cultures in Arizona
▼ + stars: | 2022-10-21 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

It’s a history that older Tucson Chinese residents say they have spent years trying to make more visible. To promote the endeavor, she organized the inaugural Tucson Chinese Chorizo Festival. The 15,000-square-foot Tucson Chinese Cultural Center is a bustling hub that’s part community center and part museum, and serves at least 5,000. On the walls are display boards with mini-profiles of long-gone Chinese grocery stores. The center also has a YouTube channel that includes a 2014 video on Chinese chorizo.

☆ Beyond Meat COO Doug Ramsey Leaves Company After Allegedly Biting Man’s Nose
▼ + stars: | 2022-10-14 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Beyond Meat said it expects to see full-year revenue decline about 9% to 14%. Beyond Meat parted ways with its operating chief, who had been suspended after being arrested for allegedly biting a man’s nose and threatening to kill him. The plant-based meat company said Friday in a securities filing that Chief Operating Officer Doug Ramsey was no longer with the company. Beyond Meat suspended the executive last month after his arrest following what authorities said was a fight in an Arkansas parking garage. Mr. Ramsey didn’t respond to requests for comment.

☆ Beyond Meat Trims Revenue Outlook, Aims to Cut 20% of Workforce
▼ + stars: | 2022-10-14 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Beyond Meat said it expects to see full-year revenue decline about 9% to 14%. Beyond Meat cut its full-year revenue outlook further and said it is reducing its global workforce by nearly 20% as it focuses on lowering expenses amid high levels of inflation. The plant-based meat company also made several changes to its executive ranks, including naming a new chief financial officer and parting ways with its operating chief, who had been suspended after being arrested following what authorities said was a fight in an Arkansas parking garage.

☆ Beyond Meat Executive Doug Ramsey Leaves Company After Allegedly Biting Man’s Nose
▼ + stars: | 2022-10-14 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

☆ Stocks making the biggest moves midday: JPMorgan Chase, Albertsons, Tesla, Beyond Meat, Delta and more
▼ + stars: | 2022-10-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Citigroup — Citigroup rose more than 1% after its third-quarter revenue climbed more than analysts expected, helped by rising interest rates. However, its earnings fell 25% from the year-earlier period as it bulked up its credit loss provisions and investment banking slumped. Wells Fargo — The bank stock was up 3% after Wells Fargo reported quarterly earnings and revenue that topped analysts' expectations. US Bancorp - Shares of US Bancorp rose 3.7% after the bank's third-quarter earnings came in above Wall Street analyst expectations. First Republic Bank — The bank stock dropped more than 14% after First Republic posted its third-quarter results.

☆ Supreme Court considers pork industry challenge to California animal welfare law
▼ + stars: | 2022-10-11 | by ( Lawrence Hurley | Lawrence Hurley Covers The Supreme Court For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

The challengers say the measure impermissibly interferes with interstate commerce in part because almost all of the pork sold in California is produced out of state. Lower courts upheld the measure, prompting the challengers to turn to the Supreme Court, which has a 6-3 conservative majority. “What the pork producers are asking for is quite unprecedented,” said Brian Frazelle, a lawyer with the Constitutional Accountability Center, a liberal legal group that filed a brief supporting the state. The groups say in court papers that Proposition 12 “will transform the pork industry nationwide” because currently nearly all farmers keep sows in pens that do not comply with the law. California Attorney General Rob Bonta, who is defending the law, said in court papers that the measure is valid under the commerce clause because it is not aimed at benefiting California producers over out-of-state competitors.

☆ Factbox: U.S. companies gird themselves as Hurricane Ian makes landfall
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +6 min

Sept 28 (Reuters) - Hurricane Ian makes landfall in Florida with Category 4 fury on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. Costco Wholesale Corp closed nine stores located in Florida due to an impact of Hurricane Ian. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

☆ Leaked email: Impossible Foods founder Pat Brown stepping down from c-suite role to lead new research arm as executive shake-up continues at the plant-based meat maker
▼ + stars: | 2022-09-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Impossible Foods founder Pat Brown is stepping down as chief science officer. He'll lead Impossible Labs, a new arm of the plant-based meat company focused on research. Pat Brown is moving into a new role at Impossible Foods, the company he founded and used to helm as CEO, for the second time this year. In an email, an Impossible Foods spokesperson confirmed Brown's new role and said it was a planned leadership change. In the meantime, three other research and development executives will report directly to McGuinness: Rachel Fraser, vice president of downstream process development; Sergey Solomatin, vice president of research, materials, and texture; and Celeste Holz-Schietinger, vice president of product innovation.

☆ Beyond Meat’s Chief Supply Chain Officer to Leave Company
▼ + stars: | 2022-09-24 | by ( Jesse Newman | ) www.wsj.com time to read: 1 min

The executives were tasked with working to achieve cost savings as Beyond seeks to make some of its products match the price of traditional meat. Beyond Meat chief supply chain officer is stepping down at the end of the month, the company said, days after the plant-based meat company suspended a separate senior executive. Bernie Adcock notified Beyond on Tuesday that he would leave his position at the end of the month to “pursue another opportunity,” according to a Securities and Exchange Commission filing Friday.

☆ Taco Bell is debuting meatless carne asada to select locations as part of its much anticipated partnership with Beyond Meat
▼ + stars: | 2022-09-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Select Taco Bell locations in Ohio will soon feature Beyond Meat carne asada on its menus starting Oct. 13. Developed in collaboration with Beyond Meat, the carne asada will debut in select locations in Dayton, Ohio for a limited time beginning on October 13. In December, Bloomberg reported the collaboration was taking longer than expected as the team worked to make a meat alternative that satisfied Taco Bell. The Mexican-inspired chain has been testing an array of plant-based protein including its own made from soy and pea protein at participating locations in Alabama. Although the partnership with Beyond Meat has been in the works for years, this announcement comes amid a tumultuous time for the plant-based meat company.

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