Smithfield Foods Inc

Type: Company
Name: Smithfield Foods Inc
First reported 19 hours ago - Updated 19 hours ago - 1 reports

THINKING, EAST AND WEST

For years, western multinationals have seen China as a source of cheap inputs, or as a growing market for their products. China is still both of these things, but nowadays it's also something else: an increasingly serious competitor. Chinese firms are ... [Published IMD - 19 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

Big potential in China for U.S. corn, livestock exports

Recent government policy changes in China have the potential to boost U.S. agriculture, particularly the corn and livestock sectors, according to Iowa State University economics and finance professor Dermot Hayes.Speaking at Kansas State University’s ... [Published PorkNetwork - 21 hours ago]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

US losing tax revenues as food, beverage firms flee abroad

WASHINGTON: It's a deal that's left everyone unhappy, except perhaps the few corporate honchos who executed it. Americans are upset that Burger King, their beloved fast food franchise, is decamping to Canada. Canadians are appalled that the American chain ... [Published Times of India - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Seven lawsuits filed against Smithfield Foods Subsidiary

Seven lawsuits were filed last week on behalf of North Carolina Residents against Smithfield Foods subsidiary Murphy-Brown LLC. The lawsuits filed on behalf of more than 200 listed plaintiffs from five Counties in North Carolina allege hog nuisance ... [Published KNEB 960AM - Aug 27 2014]
First reported Aug 23 2014 - Updated Aug 23 2014 - 1 reports

Swine facilities face nuisance complaints from Duplin/Greene Co.

A law firm filed multiple complaints against Murphy-Brown, LLC in regards to how they manage swine facilities in the East.The complaints are from people in Duplin, Greene, Pender Counties and more. The law firm  Wallace and Graham, from Salisbury North ... [Published WNCT - Aug 23 2014]
First reported Aug 19 2014 - Updated Aug 20 2014 - 2 reports

US consumer prices increase at slowest pace in 5 months

Inflation continues to run below the Federal Reserve’s target as sluggish global demand limits companies’ ability to charge customers more. Photo: BloombergWashington : The cost of living in the US climbed in July at the slowest pace in five months, indicating ... [Published Livemint.com - Aug 19 2014]
First reported Aug 12 2014 - Updated Aug 13 2014 - 2 reports

Sales up for Smithfield Foods

Smithfield Foods has posted a 14% increase in sales for the three months to 29 June 2014.In its second-quarter results, the wholly-owned subsidiary of WH Group, increased sales from $3.3bn to $3.8bn, with consolidated operating profits up 190% to $260.2m ... [Published Meat Process - Aug 13 2014]
First reported Aug 11 2014 - Updated Aug 12 2014 - 12 reports

Smithfield Reports Record Net Income

Smithfield Foods reports a record net income in the second quarter and first half of the fiscal year just one year after the acquisition by WH Group. Smithfield reported net income of $142.9 million in the three-month period ended June 29, versus $32.4 ... [Published KTIC 840 Rural Radio - Aug 12 2014]
First reported Aug 11 2014 - Updated Aug 11 2014 - 2 reports

Smithfield Foods Profit Surges on Higher Hog Prices

Smithfield Foods Inc. said its second-quarter earnings more than quadrupled as demand in its hog production segment remained strong. Smithfield was purchased last year by China's biggest pork producer WH Group, then known as Shuanghui International Holdings, ... [Published DailyMe.Com - Aug 11 2014]
First reported Aug 07 2014 - Updated Aug 08 2014 - 3 reports

Randy Houser Helps Eckrich and John Morrell Food Group Give Back to Community

PR NewswireLISLE, Ill., Aug. 7, 2014LISLE, Ill.The donation will support local neighborhoods and provide for those in need. The donation was made as part of a "Block Party" for employees at the plant. Sioux Falls"It's great to see a partner of mine give ... [Published Digital Journal - Aug 07 2014]
First reported Aug 05 2014 - Updated Aug 06 2014 - 7 reports

WH Group rises in trading debut

In demandWH Group shares rose in its market debut in Hong Kong after the pork producer secured $2.05 billion in an initial public offering of shares in its second attempt last week.Shares in the pork producer opened at HK$6.20 and rose 7.4% to HK$6.66 ... [Published Finance Asia - Aug 06 2014]
First reported Jul 31 2014 - Updated Aug 01 2014 - 3 reports

WH Group succeeds in raising US$2.05 billion in Hong Kong IPO

Chinese pork producer WH Group Ltd. has raised US$2.05 billion in its second attempt at an initial public offering in Hong Kong, Wall Street Journal reports.The company which bought United States-based Smithfield Foods Inc. last year, sold 2.57 billion ... [Published EFeedLink - Aug 01 2014]
Entities: WH Group Ltd, IPO, Hong Kong

Quotes

"We got an offer that we thought was in the interests of our shareholders to accept—at the end of the day it's as simple as that…” That’s what Vodafone CEO Vittorio Colao told reporters last September, when the UK telecom giant announced that it would be selling its 45 percent interest in Verizon Wireless (VZW), to New York’s Verizon Communications Inc."
...Apparently, BK took to heart a quip by the late Robin Williams that "Canada is like a loft apartment over a really great party" a gag that justifies the Canadian complaint that while they may be suffering from paranoid schizophrenia, Americans have a bad case of megalomania
"We continue to see incredible momentum with companies in industries as diverse as education, healthcare, retail, agriculture and utilities choosing Microsoft.  While the companies highlighted at our annual partner conference are Office 365 customers, they are at different stages of deployment with historically diverse productivity environments. The logos depicted are not all pure win-backs, but represent significant wins for Microsoft in competitive circumstances.  Based on public records, the 785 customers moved some or all of their email solutions away from Google."
"At first they'd say, 'There's rice in the U S ?" said Yielding, head of emerging markets for the U S Rice Producers Assn., a Houston-based trade group. "And we'd have to show them a map to explain that it's grown in California and the South. Then they'd try it, and they would really like it.""

More Content

All (243) | News (194) | Reports (0) | Blogs (38) | Audio/Video (0) | Fact Sheets (2) | Press Releases (9)
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Murphy-Brown: Lawsuits could put farmers out of... [Published Sampson Independent - 2 hours ago]
Global Legal Awards: Global M&A Deals of the Year [Published American Lawyer.com - 12 hours ago]
THINKING, EAST AND WEST [Published IMD - 19 hours ago]
Big potential in China for U.S. corn, livestock... [Published PorkNetwork - 21 hours ago]
Agribusiness Expert Sees Big Potential in China... [Published K State Research and Extension - 21 hours ago]
US losing tax revenues as food, beverage firms ... [Published Times of India - Aug 28 2014]
Seven lawsuits filed against Smithfield Foods S... [Published KNEB 960AM - Aug 27 2014]
BOC International Assists WH Group with a HKSE ... [Published Bank of China - Aug 27 2014]
New Kroger Marketplace opens today in Athens [Published OnlineAthens - Aug 27 2014]
Nestle sets new animal welfare standards [Published FWplus - Aug 27 2014]
New Kroger Marketplace opens Wednesday in Athens [Published OnlineAthens - Aug 26 2014]
Google fires back at Microsoft's claims of 785 ... [Published NetworkWorld - Aug 26 2014]
Seven lawsuits filed against Murphy-Brown [Published Sampson Independent - Aug 26 2014]
Rapid Methods in Food Safety Microbiology Sympo... [Published Food Quality - Aug 25 2014]
Nestlé’s welfare stance [Published Weekly Times Now - Aug 25 2014]
U.S. rice farmers see opportunity in China [Published Los Angeles Times - Aug 24 2014]
Waste to energy plant creates power from hog ma... [Published Hydrogen Fuel News - Aug 24 2014]
Swine facilities face nuisance complaints from ... [Published WNCT - Aug 23 2014]
Missouri's 'Right-to-Farm' - an early win for t... [Published Ecologist - Aug 22 2014]
Chinese Sow Herd Lowest for Four Years [Published The Meat Site - Aug 22 2014]
Nestle imposes animal welfare standards for sup... [Published Los Angeles Times - Aug 22 2014]
Walmart Pork Supplier Pulled After Horrific Ani... [Published Inquisitr - Aug 21 2014]
Bids awarded for water tank, line upgrades [Published Sampson Independent - Aug 21 2014]
WH barrels ahead with integration [Published Finance Asia - Aug 21 2014]
Smithfield Foods: Record Q2 results, sales up 14% [Published Pig Progress - Aug 21 2014]
Top 100 Food and Beverage Companies for 2014 [Published FoodProcessing.com - Aug 20 2014]
The Ten Most Innovative Companies in Asia 2014 [Published Forbes.com - Aug 20 2014]
Barclays managing director Barbara Wong leaves [Published Finance Asia - Aug 20 2014]
WH Group Reports Rise in Profits [Published The Meat Site - Aug 20 2014]
US consumer prices increase at slowest pace in ... [Published Livemint.com - Aug 19 2014]
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Blogs

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PennEnergy's Daily Power Update 8/12 [Published Michele Kearney's Nuclear Wire - Aug 12 2014]
Energy News & Insights World’s largest solar powered boat helps seek Europe’s oldest village Archaeologists operating off the MS Turanor PlanetSolar, the world's largest solar-powered boat, seek traces of what could be one of the oldest ...
Randy Houser Helps Eckrich and John Morrell Foo... [Published PR Newswire: Consumer Products & Retail - Aug 07 2014]
LISLE, Ill., Aug. 7, 2014 /PRNewswire/ -- Platinum-selling country music artist Randy Houser joined Eckrich and John Morrell Food Group, a subsidiary of Smithfield Foods, today at their Sioux Falls, S.D., facility  to donate 12,350 pounds of protein ...
Shares of Chinese Pork Producer Soar in Trading... [Published DealBook - Aug 05 2014]
The $2 billion raised in the initial public offering of WH Group will help pay down the debt from the acquisition of Smithfield Foods, which is the biggest-ever buyout of an American company by a Chinese one. ...
China pork giant WH Group raises $2.1 bln in HK... [Published PE Hub Blog - Jul 30 2014]
WH Group Ltd , the world’s biggest pork producer, has raised the $2.1 billion it sought in a Hong Kong initial public offering, a person with direct knowledge of the deal said on Wednesday. The IPO, which closed to the public on Tuesday, was the Chinese ...
The Morning Leverage: A Juicy Deal for Brynwood [Published WSJ.com: Private Equity Beat - Jul 02 2014]
Mike Lucas for Dow Jones From this morning’s LBO Wire: Baird Capital’s Myelin Health Communications Inc., a provider of marketing communication services to the health-care industry, is expanding with the acquisition of AVID Design Inc. , Amy Or reports. ...
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Press Releases

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Smithfield Foods Reports Record Second Quarter ... [Published GlobeNewswire: Acquisitions News - Aug 11 2014]
Smithfield Foods to Report 2014 Second Quarter ... [Published GlobeNewswire: Acquisitions News - Jul 30 2014]
Smithfield Foods Again Named in FORTUNE 500 Ran... [Published GlobeNewswire: Advertising News - Jun 27 2014]
CorporateRegister.com Honors Smithfield Foods f... [Published GlobeNewswire: Acquisitions News - May 29 2014]
Smithfield Foods Reports Record First Quarter R... [Published GlobeNewswire: Acquisitions News - May 14 2014]
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