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Stock Market & Financial Investment News

News Breaks
March 15, 2013
05:40 EDTSFDSmithfield Packing to close Landover, MD plant, 175 employees affected
Smithfield Packing, a subsidiary of Smithfield Foods announced that it plans to shift bone-in ham production from its Landover, Maryland, plant to its facilities in North Carolina and Kentucky, and then permanently close the Landover plant by early fall. Closing the Landover plant will affect about 175 hourly and salaried employees. Some employees will be offered transfers to other Smithfield Packing facilities, and the company also will negotiate with United Food and Commercial Workers union officials regarding other potential opportunities related to this transition.
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May 15, 2013
10:13 EDTSFDOn The Fly: Analyst Downgrade Summary
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06:25 EDTSFDSmithfield Foods downgraded to Hold from Buy at BB&T
BB&T downgraded Smithfield Foods due to valuation.
May 10, 2013
12:11 EDTSFDU.S. red meat, poultry production seen higher than year ago
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