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January 4, 2013
13:39 EDTTSN, DOLE, K, SJM, SAFM, FDP, CPB, HSY, SFD, CQB, HNZ, HRL, MDLZ, ECL, GIS, UL, KFT, UNFDA 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.
News For ECL;UN;UL;MDLZ;KFT;GIS;K;HNZ;CPB;DOLE;CQB;FDP;TSN;SFD;SAFM;HRL;HSY;SJM From The Last 14 Days
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March 18, 2015
09:11 EDTGISGeneral Mills says believes in long-term growth model outlined at CAGNY
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09:04 EDTGISGeneral Mills says roughly 95% covered on commodity needs for FY
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08:40 EDTGISGeneral Mills says to cut 800 jobs primarily in the U.S.
The company said earlier that "During Q2, we approved Project Catalyst, a restructuring plan to increase organizational effectiveness and reduce overhead expense. In connection with this project, we expect to eliminate approximately 800 positions primarily in the United States. We expect to incur approximately $146M of net expenses relating to these actions of which approximately $127M will be cash. We expect these actions to be largely completed by the end of fiscal 2015."
08:21 EDTGISGeneral Mills sees double digit adjusted EPS growth in Q4
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07:01 EDTGISGeneral Mills backs FY15 EPS view of growth at low-single-digit rate from $2.82
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06:58 EDTGISGeneral Mills reports Q3 adjusted EPS 70c, consensus 67c
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March 17, 2015
15:25 EDTGISGeneral Mills technical notes before results
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15:18 EDTGISNotable companies reporting before tomorrow's open
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14:57 EDTGISGeneral Mills March volatility elevated into Q4 and outlook
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March 16, 2015
16:25 EDTTSNTyson Foods backs FY15 EPS $3.30-$3.40, consensus $3.43
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07:16 EDTTSNConsumer Analyst Group of Europe to hold a conference
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March 13, 2015
16:42 EDTSAFM, HRL, TSNStocks end week lower amid euro slide, Fed rate hike worries
Stocks finished the week lower as worries about the impact of the euro's fall against the dollar, along with continued anticipation of an upcoming rate hike by the Fed and concerns about deflation, weighed on shares. MACRO NEWS: The euro's slide against the dollar continued, causing investors to worry that the trend could have a significant negative impact on the results of U.S. based, multinational companies... Anticipation of an impending interest rate hike continued to impact the market. On Tuesday, outgoing Dallas Fed President Richard Fisher said the central bank should begin to gradually raise rates before the economy reaches full employment to avoid triggering a recession. On Thursday, stocks rose as investors speculated that weak February retail sales data could cause the central bank to delay raising interest rates... An unexpected decline in the producer price index, which was reported on Friday, may have rekindled fears about deflation taking hold in the U.S., weighing on stocks... In China, the government said that industrial production rose less than expected in the first two months of the year. China's exports were reported to surge 15% in the first two months of the year versus the same period a year earlier, but data also indicated that China's imports sank 20% in the first two months of 2015. COMPANY NEWS: Apple (AAPL) provided additional information about its upcoming Apple Watch at a product launch event. Apple Watch will be available on Friday, April 24 to customers in nine countries, including the U.S., with pre-orders beginning April 10. The lowest priced Apple Watch, the 38 mm Apple Watch Sport, will be priced at $349, while the 18-karat gold Apple Watch Edition will be priced starting at $10,000... Embattled floor retailer Lumber Liquidators (LL) updated investors on the impact of a recent critical report from 60 Minutes. In the nine days following the report, same-store sales fell 12.7% versus the same period a year earlier, it reported. The company added that it was not able to provide full-year guidance until it has more time to gauge the impact of consumers' reaction to the report... GM (GM) settled a potential proxy battle with an investment group led by Harry Wilson by agreeing to return more cash to shareholders... Alcoa (AA) agreed to buy RTI International Metals (RTI), which supplies specialty metals and services for several sectors, including aerospace and defense... Credit Suisse (CS) appointed Tidjane Thiam, who is currently Group Chief Executive of Prudential (PUK), as its new CEO... The shares of several chicken producers fell after a possible case of bird flu was identified in Arkansas. Among the chicken producers that declined were Tyson (TSN), which is based in Arkansas, Pilgrim's Pride (PPC), Sanderson Farms (SAFM), and Hormel (HRL)... GNC Holdings (GNC) sank after New York's Attorney General announced that he and three of his colleagues would further investigate the business practices of the herbal supplement industry. INDEXES: For the week, the Dow was down 0.57% to 17,749.31, the Nasdaq fell 1.12% to 4,871.76, and the S&P 500 dropped 0.87% to 2,053.40.
09:06 EDTHSYColgate-Palmolive reports Hershey CEO joins board of directors
In a regulatory filing, Colgate-Palmolive (CL) reports that at its meeting on March 11, the board elected John Bilbrey, president and CEO of The Hershey Company (HSY) to the Colgate board.
06:28 EDTGISGeneral Mills volatility elevated into Q4 and outlook
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March 12, 2015
11:12 EDTMDLZOptions with increasing implied volatility
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10:02 EDTSAFMSanderson Farms says none of its flocks have been affected by avian flu
Commenting on recent reports regarding the discovery of avian influenza in the United States, Sanderson noted that none of the company’s flocks has been affected. “Avian influenza has not been identified in any of the states in which we have operations and live inventory,” said Chairman and CEO Joe Sanderson. “However, we have taken this opportunity to remind all of our contract poultry producers and our employees that the company requires strict adherence to its biosecurity program, and have reminded them of the program’s specific requirements and procedures. Consistent with standard industry practice, all of our flocks are tested for avian influenza before they are processed,” concluded Sanderson.
10:02 EDTSAFMSanderson Farms announces site for new poultry complex in North Carolina
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09:54 EDTGISPinnacle Foods should buy Green Giant vegetable business, says Credit Suisse
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08:59 EDTTSNTyson Foods can withstand bird flu outbreak, says BMO Capital
BMO Capital says that Tyson's business model can withstand "exogenous shocks" such as the current bird flu outbreak in the U.S. The firm does not expect key countries' export bans on U.S. chickens to last more than 60 days, and it says that Tyson has taken several measures, including cutting its reliance on exports and acquiring Hillshire, that reduce the impact of chicken export bans on it. In a worst case scenario, Tyson's 2015 profit will be negatively impacted by $50M by the flu outbreak, estimated the firm, which continued to identify the stock as a top pick and kept a $53 price target.
07:59 EDTGISGeneral Mills could be looking at buying WhiteWave Foods, says Bernstein
After Reuters reported that General Mills (GIS) is looking to sell its Green Giant frozen and canned vegetable business, Bernstein suggests that the company could be considering buying WhiteWave Foods (WWAV). The firm says that cost synergies could make the deal slightly accretive for General Mills. It keeps a Market Perform rating on General Mills.
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