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January 4, 2013
13:39 EDTHRL, TSN, DOLE, K, SJM, SAFM, FDP, CPB, HSY, SFD, CQB, HNZ, KFT, UN, MDLZ, ECL, GIS, ULFDA proposes new standards for foodborne illness prevention, produce safety
The U.S. Food and Drug Administration announced earlier that it proposed two new food safety rules that will help prevent foodborne illness. The proposed rules implement the Food Safety Modernization Act, or FSMA, and are available for public comment for the next 120 days, the FDA said. These two FSMA rules are part of an integrated reform effort that focuses on prevention and addresses the safety of foods produced domestically and imported, with additional rules to be published shortly. The first rule proposed would require makers of food to be sold in the United States, whether produced at a foreign- or domestic-based facility, to develop a formal plan for preventing their food products from causing foodborne illness. The rule would also require them to have plans for correcting any problems that arise. The FDA is proposing that many food manufacturers be in compliance with the new preventive controls rules one year after the final rules are published in the Federal Register but small and very small businesses would be given additional time. The FDA also seeks public comment on the second proposed rule, which proposes enforceable safety standards for the production and harvesting of produce on farms. This rule proposes science- and risk-based standards for the safe production and harvesting of fruits and vegetables. The FDA is proposing that larger farms be in compliance with most of the produce safety requirements 26 months after the final rule is published in the Federal Register. Small and very small farms would have additional time to comply, and all farms would have additional time to comply with certain requirements related to water quality. The FDA seeks public comment on this proposal, it stated.
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August 20, 2015
19:53 EDTTSNRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link
12:43 EDTHRLHormel Foods rallies after Deutsche Bank upgrade
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10:00 EDTHRLOn The Fly: Analyst Upgrade Summary
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06:12 EDTHRLHormel Foods upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Mario Contreras upgraded Hormel Foods to Buy following the company's Q3 results and raised his price target for shares to $66 from $59. Contreras is positive on the Muscle Milk cost savings and views the valuation as attractive at current levels.
August 19, 2015
10:00 EDTSJMOn The Fly: Analyst Upgrade Summary
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09:25 EDTSAFMBB&T to hold a conference
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07:33 EDTHRLHormel Foods sees Jennie-O Turkey Store showing y/y declines in Q4
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07:32 EDTHRLHormel Foods raises FY15 adjusted EPS view to $2.57-$2.63 from $2.50-$2.60
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07:31 EDTHRLHormel Foods reports Q3 adjusted EPS 56c, consensus 55c
Reports Q3 revenue $2.19B, consensus $2.26B.
06:29 EDTSJMJ.M. Smucker upgraded to Outperform on sales growth progress at Credit Suisse
Credit Suisse upgraded J.M. Smucker to Outperform and increased its price target to $126 from $112. The firm said the latest Nielsen data indicates sales growth has turned with notable progress in coffee and pet food. Additionally, Credit Suisse believes management is about to introduce a more aggressive cost savings target for the Big Heart integration and expects shares to narrow the valuation gap versus peers as revenue growth and market share improves.
August 18, 2015
14:15 EDTHRLHormel Foods technical notes before earnings
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August 17, 2015
13:08 EDTHRLHormel Foods August volatility elevated into Q3 and outlook
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August 14, 2015
17:37 EDTMDLZRelational Investors gives quarterly update on stakes
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17:21 EDTMDLZTrian Fund gives quarterly update on stakes
NEW STAKES: Pentair (PNR), and Sysco (SYY). INCREASED STAKES: Mondelez (MDLZ), and Tiffany & Co (TIF). DECREASED STAKES: Legg Mason (LM), Wendy's (WEN), and Ingersoll-Rang (IR). LIQUIDATED STAKES: Allegion (ALLE).
17:17 EDTTSNPoint72 gives quarterly update on stakes
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12:01 EDTTSNTyson Fresh Meats reduces beef production capacity
Tyson Fresh Meats, a subsidiary of Tyson Foods, is reducing its beef production capacity due to a continued lack of available cattle. Effective today, the company will permanently cease beef operations at its plant in Denison, Iowa, to better align its overall production capacity with current cattle supplies. The by-product rendering system at the Denison plant will continue operations. It will process by-products from other Tyson locations and will employ approximately 20 people. The 400 workers affected by the end of beef production at Denison are being given an opportunity to apply for jobs at other Tyson locations. In fact, the company is offering financial incentives to hourly workers who qualify for production openings at the company's Lexington, Nebraska, beef plant.
11:18 EDTGIS, MDLZNestle, General Mills could pursue Mondelez, The Deal says
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11:14 EDTGIS, MDLZNestle, General Mills could pursue Mondelez, The Deal says
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August 13, 2015
07:36 EDTECLSwisher Hygiene to sell U.S. operations to Ecolab for $40M
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07:31 EDTECLEcolab to acquire select assets of Swisher Hygiene for $40M
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