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Tyson Foods latest news:
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.
Tyson Foods to build $320 million poultry plant in eastern Kansas
Tyson Foods Inc. said Tuesday it is planning to build a $320 million poultry complex in eastern Kansas, in response to strong demand for chicken. The company will build a processing plant, hatchery and feed mill, close to the city of Tonganoxie, in Leavenworth County, creating about 1,600 jobs. The company will contract with local farmers and ranchers to raise chickens. Production is scheduled to begin in mid-2019. The plant will have the capacity to process 1.25 million birds a week and is expected to generate an annual economic benefit of $150 million for the state of Kansas. Tyson currently employs roughly 5,700 people in Kansas and has an annual payroll of more than $210 million. Shares were flat Tuesday, but have gained 4.5% in 2017, while the S&P 500 has gained 9.5%. 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.
Tyson Foods says inquiry into price-fixing claims is closed
Tyson Foods says investigation into allegations of price-fixing has ended, it likely won't face disciplinary action
BRIEF-Tyson Foods, Bank of America, N.A. entered into a second amendment of an April 7, 2015 term loan agreement
* Tyson Foods - on August 18, 2017, Tyson Foods, Inc, Bank
of America, N.A. entered into a second amendment of an April 7,
2015 term loan agreement
Tyson to create 300 jobs as it expands Tennessee chicken operations
Tyson Foods Inc. said Wednesday that it will create more than 300 jobs in Tennessee, as it invests $84 million to expand its poultry operation in Union City. The food company expects the expansion to be completed by mid-2019. "Customer and consumer demand for protein, especially chicken, is increasing so we're investing in projects that build on our strengths, expand our capabilities and increase our capacity," said Doug Ramsey, group president of poultry. The stock, which was still inactive in premarket trade, has gained 6.9% year to date, while the S&P 500 has climbed 10%.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.
Dow, S&P 500 carve out fresh records as tech, consumer-staples stocks climb
The Dow booked its 9th straight record and the S&P 500 also notched an all-time high on Monday, lifted by gains in technology and consumer-staples stocks. The Dow Jones Industrial Average added a modest 0.1% to at 22,118, but posted its longest winning streak since February, while the S&P 500 index gained 0.2% at 2,480, powered by a 0.7% rise in the consumer-staples sector, headlined by a 5.7% rise in Tyson Foods Inc. shares after the meat-producer reported better-than-expected revenue. The Nasdaq Composite Index enjoyed the best daily gain of its peers, up 0.5% at 6,383, logging the best advance for the technology-focused index since July 18, according to FactSet data. The modest rise in equities came as government bonds hovered at lows, with the benchmark 10-year Treasury note yielding 2.26%. Bond prices move inversely to yields. Lower bond yields can make owning stocks, perceived as riskier, more attractive to investors. 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.
Jim Cramer: Why Qualcomm will have to 'pay up' for NXP semiconductors
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer thinks Qualcomm will have to "pay up" for NXP Semiconductors . Last year, Qualcomm offered $110 a share for the company, which now trades over $112. Watch all of Jim Cramer's latest videos, right here: Jim Cramer Reveals Why a United Technologies-Rockwell Collins Merger Makes Sense Jim Cramer: I Want To Make Phone Calls From My Apple Watch Jim Cramer: I Think T-Mobile Would Like to Own Sprint Jim Cramer Reveals How Tyson Foods Diversified Beyond Chicken
Video provided by TheStreet
Tyson posts better-than-expected profit, bets on chicken
(Reuters) - Tyson Foods Inc reported stronger-than-expected quarterly results on Monday, sending its shares up 5 percent, and said it would ramp up chicken production in the face of record demand from U.S. consumers.
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