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Hurricane Irma whips orange trees, shuts Tyson meat plants
Hurricane Irma stripped oranges from trees and prompted Tyson Foods Inc (TSN) to shut meat plants in Florida and Georgia on Monday to keep workers safe. Tyson, the biggest U.S. meat company, hopes to resume normal operations soon at chicken plants it shuttered in Cumming, Dawson and Vienna, Georgia, and at a beef facility in Jacksonville, Florida, spokesman Derek Burleson said.
Orange juice futures rally to 4-month high on hurricane risk
Orange juice prices jumped by more than 6% Tuesday, set to mark their highest settlement since mid-May as traders showed concern that Hurricane Irma in the Atlantic may hurt production of oranges in Florida. In a tweet Tuesday, the National Hurricane Center said, "Irma is the strongest hurricane in the Atlantic basin outside of the Caribbean Sea & Gulf of Mexico in NHC records." The storm's projected path could take it to Florida in the next several days. David Maloni, president of the American Restaurant Association, a food and energy commodity-services organization, said "most of the production is in the middle of Florida south and north of Orlando. Concern is that high winds could damage trees and shorten output for the next crop." November frozen concentrated orange juice climbed by 8.4 cents, or 6.2%, to $1.449 a pound on the ICE Futures U.S. exchange. That would be the highest settlement for a most-active contract since May 12, according to FactSet data.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
The Italian island has found a range of innovative and sustainable ways of re-using citrus rinds.
Fall in profits for BT in first quarter
BT has reported a 42% fall in Q1 profits due to a settlement with Deutsche Telekom and Orange over an Italian accounting scandal.
70 years since Tropicana pioneered mass production of Florida orange juice
For 70 years, Tropicana has been bringing freshly squeezed orange juice from Florida to grocery stores and kitchen tables across the US.
BRIEF-Gaming Nation says to be acquired by Orange Capital for CAD$0.95 in cash per share
Gaming Nation Inc(GMNZF): * Deal for CAD$0.95 in cash per share. * Price per share implies an aggregate fully‐diluted equity value for Gaming Nation (GMNZF) of approximately CAD$44 million. * Aarrangement is not subject to a financing or due diligence condition. * Arrangement agreement provides for a termination fee of C$2 million and a reverse termination fee of C$4 million.
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