July 1, 2003
A federal appeals court ordered a trial in a lawsuit filed on behalf of shareholders against ConAgra Foods Inc. over alleged fictitious sales and misreported earnings at a subsidiary. Omaha-based ConAgra announced in May 2001 that accounting problems at its subsidiary United Agri Products would result in $120 million in lower earnings for 1998 through 2000. United Agri Products, based in Greeley, Colo., supplies fertilizer, seed and other farm products.
May 25, 2001 |
ConAgra Foods Inc. said fictitious sales and irregular accounting at its farm-products unit led to a federal inquiry and overstatement of profit for the last three fiscal years. The multi-foods giant said it will reduce pretax profit by a total of $123 million for fiscal 1998 through 2000, or 3.6%. The Securities and Exchange Commission is conducting an informal inquiry into United Agri Products, a seed and fertilizer unit that represents 9% of operating profit, the company said.
August 1, 2008 |
Rising costs for fuel, feed and fertilizer propelled grain prices to all-time highs in June, raising the overall price of crops and livestock by 16% this year compared with last year, a U.S. Department of Agriculture report showed Thursday. Grain prices gained 42% for the year overall. Corn sold for an average of $5.61 a bushel in June, up 69% from $3.32 in 2007. Soybeans sold for $14.20 a bushel, nearly double last year's figure of $7.56. Corn went for just $2.
April 14, 2005 |
Harley-Davidson Inc. said its fiscal first-quarter earnings rose 11% from last year, but the motorcycle maker also cut its shipment and earnings forecasts for this year because of weak sales. Harley-Davidson reported first-quarter profit of $227.2 million, or 77 cents a share, up from $204.6 million, or 68 cents, a year earlier. Revenue rose 5% to $1.24 billion from $1.17 billion. Harley shares fell $9.84, or nearly 17%, to $48.93 on the New York Stock Exchange.
November 3, 2003 |
Eating at your desk could make you sick. A new survey from the American Dietetic Assn. has found that nearly a third of those who bring their lunch to the office don't refrigerate it. Worse still, about four-fifths of them leave their lunch at room temperature for more than three hours -- ample time for those leftovers, salads, fish dishes or meat-and-cheese sandwiches to go bad. And although office parties allow co-workers to share some fun, they may also be sharing the spoilage.
December 23, 2005 |
ConAgra Foods Inc., the third-largest U.S. food company, said profit plunged 32% in its fiscal second quarter as sales fell and fuel and packaging costs rose. Net income dropped to $163.1 million, or 31 cents a share, in the three months ended Nov. 27 from $239.6 million, or 47 cents, a year earlier, Omaha-based ConAgra said. Sales fell 5% to $3.81 billion. ConAgra's profit has declined in five of the last six quarters.
October 12, 2007 |
ConAgra Foods Inc. recalled all its Banquet potpies and store brand varieties Thursday after the products were linked to a nationwide salmonella outbreak. The company included beef potpies in the recall after initially saying only its chicken and turkey potpies should not be eaten. ConAgra issued a consumer alert Tuesday and asked stores nationwide to stop selling the poultry potpies, but stopped short of a recall until Thursday.