News Breaks |
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| January 4, 2013 |
| 13:39 EDT |  | K, SJM, SAFM, FDP, CPB, HSY, SFD, CQB, HNZ, HRL, TSN, DOLE, MDLZ, ECL, GIS, UL, KFT, UN | FDA 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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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 Check below for free stories on ECL;UN;UL;MDLZ;KFT;GIS;K;HNZ;CPB;DOLE;CQB;FDP;TSN;SFD;SAFM;HRL;HSY;SJM the last two weeks. |
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| June 19, 2013 |
| 06:01 EDT |  | SFD | Stocks with implied volatility below IV index mean; TIVO SFD
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| June 18, 2013 |
| 16:22 EDT |  | HRL | On The Fly: Closing Wrap
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| 12:21 EDT | | HRL | On The Fly: Midday Wrap
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| 11:47 EDT | | SFD, TSN, HRL | Hormel Foods falls after lowering profit outlook
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| 10:01 EDT |  | SAFM | On The Fly: Analyst Downgrade Summary
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| 09:38 EDT |  | HRL | Hormel Foods drops after cutting outlook, levels to watch
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| 08:52 EDT | | HRL | On The Fly: Pre-market Movers
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| 08:02 EDT |  | HRL | Hormel Foods lowers FY13 EPS view to $1.88-$1.96 from $1.93-$2.03
Consensus $1.99. The company said, "Lower than expected results in our pork operations, higher input costs and softer sales of our retail products in our Refrigerated Foods segment are the primary reason for the expected shortfall in our second half results." |
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| 07:49 EDT |  | MDLZ | Mondelez shares attractive around $30, says Bernstein
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| 06:40 EDT | | SAFM | Sanderson Farms downgraded to Hold from Buy at KeyBanc
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| 06:04 EDT | | SFD | Stocks with implied volatility below IV index mean; TIVO SFD
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| June 17, 2013 |
| 17:37 EDT |  | SFD | Smithfield Foods to review Starboard letter, WSJ says
In a statement Monday, Smithfield Foods said it will review the Starboard letter that encourages a breakup instead of the planned takeover by Shuanghui International Holdings, says the Wall Street Journal. Smithfield said it continues to believe the proposed merger is in the best interests of the company and its shareholders, added the Wall Street Journal. Reference Link |
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| 16:35 EDT | | CPB | Campbell Soup to acquire Kelsen Group, terms not disclosed
Campbell Soup announced that it has entered into an agreement to acquire Kelsen Group A/S from Maj Invest, a private equity firm, and several other investors. Based in Nørre Snede, Denmark, Kelsen is a producer of baked snacks that are sold in 85 countries around the world. Its primary brands include Kjeldsens and Royal Dansk. Kelsen has established distribution networks in markets in Asia, South America, the Middle East and Africa as well as the United States. The terms of the transaction were not disclosed. Campbell expects the acquisition to be modestly accretive beginning in 2014. |
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| 16:00 EDT | | MDLZ | Options Update; June 17, 2013
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| 12:29 EDT | | SFD | On The Fly: Midday Wrap
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| 12:00 EDT | | DOLE | Options with decreasing implied volatility: NAV SUPN PVH IVR DOLE
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| 09:18 EDT | | SFD | Starboard says Smithfield could be worth $44-$55 if sold in parts
Starboard Value disclosed a 5.7% stake in Smithfield Foods and said it delivered a letter to the company's board. Starboard noted that its research indicated that the sum-of-the parts value of the Smithfield's operating divisions, which include Hog Production, International, and Pork, was well in excess of the then-current trading price of the company and that a separation of these businesses "was entirely feasible and could be accomplished without significant tax leakage." Starboard also expressed its belief that there are several likely strategic acquirers for each of the divisions. Starboard stated that it believes the proposed merger with Shuanghui "goes a long way towards closing the gap between the pre-deal market value of the Issuer and the intrinsic value of the business," yet the investor believes the merger "still significantly understates a conservative sum-of-the-parts valuation of the Issuer, which Starboard estimates to be worth between $9 billion and $10.8 billion after tax, or approximately $44 to $55 per share." Starboard told the board that Smithfield could be worth well in excess of the $34.00 per share Shuanghui is paying if it fully shopped its operating divisions to all potentially interested parties. |
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| 09:12 EDT | | SFD | Starboard confirms 5.7% Smithfield stake, estimates $44-$55 share value
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| 08:43 EDT | | SFD | Starboard says talking to interested buyers of Smithfield units
Starboard Value CEO Jeffrey Smith is speaking on CNBC. The fund owns a 5.7% stake in Smithfield Foods. |
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| 08:41 EDT | | SFD | Starboard says parties interested in parts of Smithfield Foods
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