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.
February 17, 2007 |
Dole Fresh Fruit Co. recalled several thousand cartons of imported cantaloupes Friday after the fruit tested positive for salmonella. The recall, which covers the eastern United States and the Canadian province of Quebec, is the second sparked by salmonella fears this week. On Wednesday, ConAgra Foods Inc. recalled its Peter Pan brand and certain batches of Wal-Mart Stores Inc.'