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☆ Tyson Foods to shut four more US chicken plants
▼ + stars: | 2023-08-07 | by ( Tom Polansek | ) www.reuters.com time to read: +1 min

REUTERS/Adam Shrimplin/File PhotoCHICAGO, Aug 7 (Reuters) - Tyson Foods (TSN.N) said on Monday it is closing four more U.S. chicken plants in its latest effort to cut costs. Tyson said it would move the work performed in the plants to newer facilities that are closer to its customers, but declined to say how many employees were affected. Tyson in May closed two other chicken plants with almost 1,700 employees. In April, Tyson said it would eliminate about 10% of corporate jobs and 15% of senior leadership roles. The company also laid off corporate employees in Chicago and South Dakota who declined to relocate to Tyson's headquarters in Arkansas.

Persons: Adam Shrimplin, Tyson, John R, Tom Polansek, Louise Heavens Organizations: REUTERS, Tyson Foods, Thomson Locations: Finney, Holcomb , Kansas, U.S, North Little Rock , Arkansas, Corydon , Indiana, Dexter , Missouri, Noel , Missouri, Chicago, South Dakota, Arkansas

☆ On tap next week: Two key inflation reports and 4 Club earnings releases. Here's what we're looking for
▼ + stars: | 2023-08-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Economic releases : The Labor Department releases its monthly consumer price index and producer price index on Thursday and Friday, respectively. For that reason, we'd be content if the July figure doesn't indicate a resurgence of rising wholesale costs, which is a concern given a recent uptick in energy prices. On Tuesday before the opening bell, Club holding Eli Lilly (LLY) reports. Finally, Club names Walt Disney (DIS) and Wynn Resorts (WYNN) will report on Wednesday after the closing bell. In preparation for these releases, be sure to check out our first-quarter earnings report card .

Persons: we'll, Knight, Eli Lilly, We'll, donanemab, Walt Disney, We're, Tyson, Henry Schein, Li Auto, Armour, WEN, Ralph Lauren, Price, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Labor Department, Reserve, Manufacturing, ADP, Fitch, AAA, U.S ., PPI, Coterra Energy, Walt, Wynn Resorts, Disney, Tyson Foods, TSN, KKR, Energy, Paramount, UPS, Barrick, Duke Energy, Restaurant Brands, Warner Music, Fox Corp, NRG Energy, AMC, Bros, Endeavor, IAC, Sony, SONY, Brookfield Asset Management, WYNN, Trade, Novo Nordisk, US Foods, News Corp, Air Canada, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, Mounjaro, Hollywood, Las Vegas, Boston, Macao, PENN, Valvoline, VVV, Credicorp, New York City

The National Pork Producers Council (NPPC), the pork industry trade group, supports the Ending Agricultural Trade Suppression (EATS) Act, a bill introduced by U.S. Animal welfare groups say Proposition 12 is necessary because some sows and hens are housed in cages so small they cannot turn around. "We ultimately don’t believe the EATS Act is aligned with progress in animal welfare," Carey said. Hormel Foods <HRL.N> and Tyson Foods (TSN.N) did not respond to questions about the EATS Act. All of its 750 ranchers are in compliance with Proposition 12, said vice president of communications Kerri McClimen.

Persons: Randy Hutton Jr, Leah Millis, Roger Marshall, Ashley Hinson, Clemens, Tyson, Bryan Humphreys, Chris Carey, Carey, Jim Monroe, Brian Moscogiuri, Galina Hale, Chris Green, Randy Hutton, Jr, Hutton Jr, Perdue, Kerri McClimen, Leah Douglas, David Gregorio, Marguerita Choy Organizations: REUTERS, U.S ., Pork Producers Council, U.S, Clemens Food Group, Supreme, Reuters, Smithfield Foods, Tyson Foods, University of California, Harvard Law School's Animal Law, Niman, Thomson Locations: Chestertown , Maryland, U.S, California, U.S . Congress, Smithfield, Santa Cruz, Shore

☆ Tyson will stop using its ‘no antibiotics ever’ label on chicken
▼ + stars: | 2023-07-03 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

The company said the antibiotics it plans to use in chicken production are not important to the treatment of humans. Tyson-branded chicken will begin using a “no antibiotics important to human medicine” label by the end of 2023. “But we want to make sure that antibiotics continue to work.”‘No antibiotics important to human medicine’Tyson’s elimination of some antibiotics followed similar reductions by competitors Pilgrim’s Pride, which says it uses some antibiotics, and Perdue, which still says it does not. In addition to chickens’ health, antibiotics are particularly important to promote growth in poultry for items like large broiler chickens. It noted in that 2007 publication that “an appropriate balance should be struck between animal health needs and human health considerations – human health being, however, paramount compared to animal health.”

Persons: New York CNN — Tyson, “, ”, Tyson, Tyson’s, Christine Daugherty, Melinda Gates, Perdue Organizations: New, New York CNN, Street Journal, Tyson Foods, USDA, World Health Organization, TSN, Melinda Gates Foundation, Pilgrim’s, WHO Locations: New York, United States

☆ Tyson Foods to drop 'no antibiotics ever' label on some chicken products
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] Tyson Foods brand frozen chicken wings are pictured in a grocery store freezer in the Manhattan borough of New York City, U.S. May 11, 2017. REUTERS/Carlo Allegri/File PhotoJuly 2 (Reuters) - Tyson Foods (TSN.N) is reintroducing certain antibiotics to its chicken supply chain and will drop its "no antibiotics ever" tagline from Tyson-branded chicken products, a Tyson spokesperson said on Sunday. This will involve drugs that the company said are not important to human health. "Based on current science, Tyson branded products are transitioning to No Antibiotics Important to Human Medicine (NAIHM) which is expected to be complete by the end of the calendar year," a Tyson Foods spokesperson said. In 2017, the U.S. meatpacker had switched its retail line of company-branded chicken products to birds raised without any antibiotics.

Persons: Carlo Allegri, Tyson, meatpacker, Shivani Tanna, Gursimran Kaur, Chandni Shah, Chizu Nomiyama, Lisa Shumaker Organizations: Tyson, REUTERS, Tyson Foods, World Health Organization, Medicine, Thomson Locations: Manhattan, New York City, U.S, Bengaluru

☆ Tyson Foods to drop 'no antibiotics ever' label on some chicken products, Wall Street Journal reports
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +1 min

July 2 (Reuters) - Tyson Foods (TSN.N) is reintroducing certain antibiotics to its chicken supply chain, and will drop its “no antibiotics ever” tagline from Tyson-branded chicken products, the Wall Street Journal reported on Sunday. This will involve drugs that "are not important" to human health and will apply to all fresh, frozen and ready-made products under its brand, the report said. The antibiotics that Tyson plans to add to some of its chickens' diets are known as ionophores, the report added, citing people familiar with the matter. According to the report, the World Health Organization does not consider them to be medically important for treating human illnesses. In 2017, the U.S. meatpacker had switched its retail line of company-branded chicken products to birds raised without any antibiotics.

Persons: Tyson, meatpacker, Shivani Tanna, Chizu Organizations: Tyson Foods, Wall Street, World Health Organization, Reuters, Thomson Locations: U.S, Bengaluru

☆ US chicken producers ordered to face price-fixing claims
▼ + stars: | 2023-06-30 | by ( Jonathan Stempel | Industry Insight | Corporate Attorneys Don T Want To Pay Law Firms For Chatgpt When They Could Use It Themselves | ) www.reuters.com time to read: +2 min

[1/2] Tyson Chicken Nuggets, owned by Tyson Foods, are seen for sale in Queens, New York, U.S., November 16, 2021. Restaurants, supermarkets, distributors and consumers have accused chicken producers of having conspired starting in 2008 to inflate prices, through tactics such as restricting production and sharing nonpublic data about supply and demand. But the judge also narrowed the case to cover alleged "anomalous decreases in broiler production" in 2008-2009 and 2011-2012. Pilgrim's Pride, Sanderson and Tyson did not immediately respond to requests for comment after market hours. The case is In re Broiler Chicken Antitrust Litigation, U.S. District Court, Northern District of Illinois, No.

Persons: Tyson, Andrew Kelly, Pilgrim's, Sanderson, District Judge Thomas Durkin, Durkin, Perdue, Brazil's, Jonathan Stempel, Edwina Gibbs Organizations: Nuggets, Tyson Foods, REUTERS, District, Georgia Dock, Agri Stats, Brazil's JBS SA, Antitrust Litigation, Court, Northern District of, Thomson Locations: Queens , New York, U.S, Chicago, Northern District, Northern District of Illinois, New York

Heads up, golf fans, it's the final round today, and we can show you how to watch the US Open live stream from anywhere. Shop at SlingHow to watch US Open live streams in the UKSky Sports is broadcasting the US Open in the United Kingdom. How to watch US Open live streams in CanadaWant to watch the US Open in Canada? How to watch US Open live streams for free in AustraliaTaking advantage of various free trials in Australia means you can watch the US Open for free. How to watch US Open live streams free from anywhereLive in a country that isn't broadcasting the US Open?

Persons: you'll, Peacock, here's, ExpressVPN, . Organizations: NBC, Sky Sports, Sky's, Sports, TSN, Fox Sports, Foxtel, Kayo, TV Locations: United States, Canada, Australia, United Kingdom

If you're tuning in, we'll show you how to watch the US Open live streams, free and premium options included. How to watch US Open live streams in the USNBC will air the US Open across three channels within the US. How to watch US Open live streams in CanadaWant to watch the US Open in Canada? How to watch US Open live streams for free in AustraliaTaking advantage of various free trials in Australia means you can watch the US Open for free. How to watch US Open live streams free from anywhereLive in a country that isn't broadcasting the US Open?

Persons: here's, Peacock, you'll, ExpressVPN, NBC Peacock, . Organizations: Los Angeles Country, NBC, USA, USA Network, Sky Sports, Sky's, Sports, TSN, Fox Sports, Foxtel, Kayo, TV Locations: United States, Canada, Australia, United Kingdom

☆ The world's top H.P. Lovecraft expert weighs in on a monstrous viral meme in the A.I. world
▼ + stars: | 2023-06-12 | by ( Mike Calia | ) www.cnbc.com time to read: +3 min

Lovecraft's novella "At the Mountains of Madness" — aren't quite perfect, according to the world's leading Lovecraft scholar, S.T. "While I'm sure Lovecraft would be grateful (and amused) by the application of his creation to AI, the parallels are not very exact," Joshi wrote. Read more: How to talk about AI like an insiderFirst of all, it's "shoggoth," not "Shoggoth," Joshi said. "It is a species name, not a proper name," Joshi wrote in an email to CNBC. For instance, a recent fake Toronto Blue Jays ad, created by a TSN producer who used text-to-video AI tech, is packed with horrifying images such as people feasting on each other's hot dog tentacles.

Persons: H.P, S.T, Joshi, Lovecraft, it's Joshi, He's, Kevin Roose, Roose, Harlan Ellison's Organizations: Lovecraft, Providence, The New York Times, CNBC, Times, Workers, Toronto Blue Jays, TSN Locations: A.I, Antarctica

☆ How to watch the PGA Championship: Start time, channels, and other things to know
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +11 min

Rob Schumacher/USA Today Network Tiger Woods walks the 18th green during the second round on Saturday, April 8. David J. Phillip/AP Fred Couples waves to patrons after finishing his second round on Saturday. Patrick Smith/Getty Images Patrick Cantlay plays a shot from a bunker on the 18th hole on Saturday. Rob Schumacher/USA Today Network Adam Scott plays a bunker shot on the second hole Thursday. Rob Schumacher/USA Today Network Hideki Matsuyama, who won the tournament two years ago, looks over a putt on the second hole.

☆ 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.

For most of the day, stocks struggled for direction amid disappointing earnings from Tyson Foods and Catalent and a short-lived rebound in regional banks. The struggle for a clearer direction comes after a rally on Friday, when U.S. jobs data pointed to a resilient labor market. Producer prices, weekly jobless claims and consumer sentiment data are all lined up for the week. Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank. Warren Buffett's Berkshire Hathaway Inc's Class B shares rose after posting a $35.5 billion first-quarter profit, boosted by gains from stocks such as Apple.

The struggle for a clearer direction comes after a rally on Friday, when U.S. jobs data pointed to a resilient labor market. Producer prices, weekly jobless claims and consumer sentiment data are all lined up for the week. A rally in regional banks' shares proved short-lived, with PacWest Bancorp (PACW.O) rising 5.6% after gaining as much as about 30% earlier in the session after the lender sharply cut its quarterly dividend to boost capital. Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank. Warren Buffett's Berkshire Hathaway Inc's Class B shares rose 0.9% after posting a $35.5 billion first-quarter profit, boosted by gains from stocks such as Apple.

Producer prices, weekly jobless claims and consumer sentiment data are all lined up through the week. "The bigger picture is inflation will remain higher for longer and that we are heading into a recession. The KBW Regional Banking index (.KRX) fell 2.2% after posting its best single-day performance in seven weeks on Friday. Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank. The S&P index recorded 10 new 52-week highs and four new lows, while the Nasdaq recorded 47 new highs and 53 new lows.

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.

On the other end, regional banks' shares stretched gains from a rebound on Friday, with PacWest Bancorp (PACW.O) jumping 19.9% after the lender sharply cut its quarterly dividend to boost capital. Shares of such banks tumbled for much of last week on worries tied to the collapse of First Republic Bank. "We're in an information vacuum right now, waiting for the next inflation data. Warren Buffett's Berkshire Hathaway Inc's Class B shares rose 1.2% after posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple. The S&P index recorded seven new 52-week highs and two new lows, while the Nasdaq recorded 31 new highs and 23 new lows.

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ 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.

☆ Ukraine says it still holds parts of Bakhmut, Russia reports progress
▼ + stars: | 2023-04-30 | by ( Nick Starkov | ) www.reuters.com time to read: +2 min

[1/3] Ukrainian service members from a 3rd separate assault brigade of the Armed Forces of Ukraine, fire a howitzer D30 at a front line, amid Russia's attack on Ukraine, near the city of Bakhmut, Ukraine April 23, 2023. REUTERS/Sofiia GatilovaLVIV, Ukraine, April 30 (Reuters) - Ukraine said on Sunday its troops were holding onto parts of the eastern city of Bakhmut, focus of a prolonged Russian assault, while the head of a major pro-Moscow force said his men were making progress. Russian forces, which have struggled for months to capture Bakhmut, are slowly taking over more and more of the city. "The defence of Bakhmut is coping with its military tasks," she said in a Telegram post. Russia's defence ministry earlier said its forces had taken four blocks in western Bakhmut on Sunday.

☆ Gap will cut 1,800 corporate jobs
▼ + stars: | 2023-04-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Gap said Thursday that it will lay off 1,800 employees as the struggling retailer looks to cut costs. As of January, Gap had around 95,000 employees globally, and 9% of them were corporate staff. In September, Gap slashed roughly 500 corporate jobs. Dozens of major companies have cut jobs in recent months, including Tyson Foods (TSN), 3M (MMM) and Lyft (LYFT) in April. The slew of widely publicized layoffs comes as the job market begins to slow, following months of historic post-pandemic growth.

☆ 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.

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