Sunoco idles Westville, NJ refinery, furloughs 400 and halves dividendOctober 6th, 2009 Sunoco idles refinery, furloughs 400; dividend cutPHILADELPHIA — Sunoco Inc. says it will idle its Eagle Point refinery in Westville, N.J., furlough 400 workers and cut its dividend.
PM calls for policy on food processingOctober 6th, 2009 NEW DELHI - Prime Minister Manmohan Singh Tuesday called for a national food processing policy for the rapid growth of the sector. "The policy to be effective will have to be comprehensive and adopt a number of legislative, administrative and promotional measures," the prime minister said while inaugurating the first conference of state ministers of food processing industries here.
PM to inaugurate food processing conference TuesdayOctober 5th, 2009 NEW DELHI - Prime Minister Manmohan Singh is scheduled to inaugurate a conference of state food processing industry ministers here Tuesday to get inputs for a nation-wide policy and give a push to the $67-billion industry. The focus of the policy will be to step up the level of processing food and related produce in the country, bring down the wastage of perishables from the present 50 percent and scale up research and development efforts.
Brazilian beef producer JBS to buy majority of Pilgrim's Pride out of bankruptcy for $800MSeptember 16th, 2009 JBS to take $800M stake in Pilgrim's PrideMILWAUKEE — Chicken producer Pilgrim's Pride Corp. confirmed Tuesday that Brazilian beef producer JBS SA will buy a majority stake in the company for $800 million in a deal that will let Pilgrim's Pride emerge from bankruptcy protection.
Brazilian beef producer JBS to become world's largest meat maker with Pilgrim's Pride dealSeptember 16th, 2009 Brazil beef producer to be world's largest meat coMILWAUKEE — A Brazilian meat conglomerate could leap ahead of American meat producer Tyson Foods Inc. to become the world's largest meat company with two deals announced Wednesday that would expand its interests in beef, dairy and chicken.
Brazilian beef producer JBS to buy majority of Pilgrim's Pride out of bankruptcy in $2.8B dealSeptember 16th, 2009 JBS to take stake in Pilgrim's Pride in $2.8B dealNEW YORK — Chicken producer Pilgrim's Pride Corp. confirmed Tuesday that Brazilian beef producer JBS SA will buy a majority stake in the company in a deal that values the company at $2.8 billion.
Reports: Pilgrim's Pride nears $2B sale to Brazilian beef producer JBS but both companies mumSeptember 2nd, 2009 Reports: Pilgrim's Pride nears $2B sale to JBSPITTSBURG, Texas — Media reports say beleaguered chicken producer Pilgrim's Pride Corp. is nearing a sale to Brazilian beef producer JBS SA for $2 billion.
Foster Farms will cut number of contracted chicken growers for plant it bought in LouisianaJuly 2nd, 2009 Foster Farms to reduce contracted growers in La.FARMERVILLE, La. — A California-based poultry company that recently took over a closed Louisiana processing plant with assistance from the state says it will not extend contracts to all of the plant's former growers.
Food processing sector may get tax holiday, hopes ministerJune 22nd, 2009 NEW DELHI - The food processing industry has the potential to become the engine growth of the economy and it may get a 10-year tax holiday to attract more investments, Minister for Food Processing Industries Subodh Kant Sahay said Monday. "The food processing sector can be the growth engine of the economy, and is eligible for a 10-year tax holiday," Sahay said here at a conference organised by the Confederation of Indian Industry (CII).
Modernisation of steel plants top priority: MinisterJune 12th, 2009 SHIMLA - Expansion and modernisation of state-run steel plants to double their output are among the top priorities of the government, Steel Minister Virbhadra Singh said here Friday. "Our main priority is to expand and modernise the state-run steel plants so that their capacity would be doubled," he told reporters here.
Ark city sues Pilgrim's Pride for $28M over idled plant, accuses company of price manipulationJune 2nd, 2009 Ark. city sues Pilgrim's Pride over idled plantLITTLE ROCK, Ark. — The city of Clinton sued Pilgrim's Pride Corp.
Chicken producer Pilgrim's Pride, now in bankruptcy, posts narrower 2nd-quarter lossMay 8th, 2009 Pilgrim's Pride 2Q loss narrows as costs dropPITTSBURG, Texas — Chicken producer Pilgrim's Pride Corp., which has filed for Chapter 11 bankruptcy protection, said Thursday its second-quarter loss narrowed as costs declined in its chicken business. The Pittsburg, Texas-based company said in a filing with the Securities and Exchange Commission Thursday that it lost $58.8 million, or 79 cents a share, in the three-month period that ended March 28.
Tyson Foods expected to post loss in second quarter, chicken business still hurtingApril 30th, 2009 Earnings Preview: Tyson Foods Inc.MILWAUKEE — Tyson Foods Inc., the world's largest meat producer, reports results for its fiscal second quarter on Monday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
Minn. police investigate after inedible 'chicken skimmings' spilled across several blocksApril 29th, 2009 Police again find 'chicken skimmings' on streetsWINONA, Minn. — Police are investigating after a couple of city streets were covered with inedible "chicken skimmings," including heads and feathers.
Delhi airport wins praise for Haj operationsJanuary 21st, 2009 NEW DELHI - The Haj terminal, an exclusive terminal for Haj pilgrims at the Indira Gandhi International (IGI) Airport here, has come in for praise from the Delhi government Thursday. 'We are very satisfied with the entire Haj operation carried out from the Delhi airport,' said Delhi's Social Welfare Minister Rajkumar Chauhan.
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