November 23, 2009
At a glance TODAY National Assn. of Realtors releases existing home sales for September. Quarterly earnings reports due from Hewlett-Packard, Campbell Soup and Tyson Foods. TUESDAY Standard & Poor's/Case- Shiller releases its September and third-quarter index of home prices. Conference Board releases its Consumer Confidence Index for November. Commerce Department releases gross domestic product for the third quarter of 2009. Federal Housing Finance Agency releases September and third-quarter home price index.
January 6, 2009 |
Tyson Foods Inc. said its president and chief executive, Dick Bond, would step down immediately and be replaced by a former CEO as the world's largest meat processor continues to weather a downturn in the industry. Bond, who had been CEO since 2006, will be replaced on an interim basis by former Chairman and Chief Executive Leland Tollett, the Springdale, Ark., company said. Tollett was CEO from 1995 until he retired in 1998 after nearly 40 years with the company.
November 11, 2008 |
Tyson Foods Inc. missed analysts' fiscal fourth-quarter profit estimates and predicted a possible first-quarter loss. Tyson Chief Executive Richard L. Bond said the company was facing "multiple challenges," including high grain-feed costs and an oversupply of chicken. For its fourth quarter ended Sept. 27, net income rose 50% to $48 million, or 13 cents a share, from $32 million, or 9 cents, a year earlier.
August 30, 2008 |
Russia, the top market for U.S. chicken exports, said it would ban poultry from at least 19 plants that it said ignored warnings about inspections. Companies affected, including Springdale, Ark.-based Tyson Foods Inc., vowed to right any wrongs if need be. The industry's trade group said it had been expecting Russia to reduce imports anyway as the country's own production rises. Plants affected include at least two owned by Tyson; two owned by Sanderson Farms Inc., the nation's fourth-largest chicken producer; and a Jennie-O Turkey plant owned by Hormel Foods Inc.
June 4, 2008 |
Tyson Foods Inc. has begun killing and burying 15,000 hens that tested positive for exposure to bird flu, state officials said in Little Rock. Tyson said preliminary tests indicated the presence of antibodies for H7N3, a less virulent strain of the virus than H5N1, which ravaged Asian poultry in 2003 and has killed 240 people worldwide since then. "There is absolutely no human health threat," said Jon Fitch, director of the state Livestock and Poultry Commission. "But we take this very seriously."
June 3, 2008 |
Tyson Foods Inc., the second-largest U.S. chicken producer, said it would discontinue its "Raised Without Antibiotics" label because of uncertainty over regulations. Tyson has asked the Department of Agriculture to clarify labeling and advertising rules, the Springdale, Ark.-based company said. A federal judge ordered Tyson in April to halt ads touting chicken as being "raised without antibiotics" after finding the claims to be misleading.