Tyson Foods net income jumped 91 percent in its fiscal fourth quarter, benefiting from higher chicken prices. The country's biggest meat company's earnings results easily topped Wall Street's forecast, and it provided a fiscal 2013 revenue outlook above analysts' estimates. Shares climbed in premarket trading.
Moonshine distillers are making their first batches of legal liquor in this tiny Georgia town's city hall, not far from the mountains and the maroon, orange and gold canopy of trees that once hid bootleggers from the law. A handful of moonshine distilleries are scattered around the South, but observers say this is the first they've ever seen right in a city hall.
The owners of a Southern California slaughterhouse whose workers were caught on videotape abusing cattle, leading to one of the nation's biggest beef recalls, have agreed to pay more than $300,000 to settle a lawsuit. The Los Angeles Times reports Donald Hallmark Sr. and Donald Hallmark Jr. also agreed to a nominal $497-million judgment against the now-defunct Hallmark Meat Packing Co.
The tasty cream-filled golden spongecakes known as Twinkies are likely to survive, even though their maker will be sold in bankruptcy court. Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho's, will be in a New York bankruptcy courtroom Monday to start the process of selling itself.
Distillers Dwight Bearden, right, and Bob Suchke look over a batch of fermented apple brandy mash as they make moonshine in the Dawsonville Moonshine Distillery in Dawsonville, Ga. Distillers are making their first batches of legal liquor in this tiny Georgia town's hall.
The Humane Society says a landmark $500 million settlement has been reached in a slaughterhouse abuse case that led to the biggest meat recall in U.S. history in 2008. The federal civil court settlement announced by the Humane Society of the United States on Friday is the largest-ever penalty for an animal abuse case.
J. M. Smucker's second-quarter earnings rose 17 percent on higher prices and sales from a newly acquired business. It also raised its outlook for the year, but perhaps not as much as Wall Street was banking on. Shares slipped slightly before the opening bell.
At the height of this year's drought, decision-makers at the agribusiness giant Archers Daniels Midland kept an uneasy eye on the reservoir down the hill from their headquarters. At one point, the water level fell to within 2 inches of the point where the company was in danger of being told for the first time ever that it couldn't draw as much as it wanted.
McDonald's Corp. is hoping a leadership shake-up for its U.S. business can help it warm up sales and fight off intensifying competition. The world's biggest hamburger chain said Thursday that Jan Fields, president of McDonald's USA, will be replaced by Jeff Stratton, its global chief restaurant officer, effective Dec. 1.
Dole Food Co. shares fell Friday after the company posted a surprise third-quarter loss. Excluding one-time items, Dole late Wednesday posted an adjusted loss from continuing operations of $5.3 million, or 6 cents per share. Revenue fell 6 percent to $1.96 billion.
Over 80% of people surveyed said Thanksgiving is the most important non-religious holiday of the year. While most people said they spend Thanksgiving with direct and extended family members, people in the West also share the holiday with friends more than people in other parts of the country.
Agriculture Commissioner Mike Strain will borrow up to $7 million to take control of a defunct sugar cane mill in southwest Louisiana that was built with state tax dollars and only operational for 90 days. Strain received approval Thursday from the Bond Commission to borrow the money through a bond sale and repay it over 10 years.
Monster Beverage Corp.'s stock was buffeted Thursday by the news that the Food and Drug Administration is investigating deaths potentially tied to a competitor's product. The Corona, California-based company's stock fell more than 5 percent in early trading.
"Many people have worked incredibly long and hard to keep this from happening, but now Hostess Brands has no other alternative than to begin the process of winding down and preparing for the sale of our iconic brands," CEO Gregory Rayburn said in a letter to employees posted on the company website.
The plant at the center of an extensive beef recall has resumed shipping products for the first time since an E. coli outbreak forced its closure in September. The union representing workers at the XL Foods Inc. plant in Brooks, Alta., says the shipments include a full range of products, including ground beef and steaks.
A New Mexico peanut company linked to a recent salmonella outbreak distributed peanut and almond butters after its own internal testing showed the products were contaminated, the Food and Drug Administration says. Sunland Inc. is the nation's largest organic peanut butter processor, though it also produces many non-organic products.
Hostess Brands Inc. says it's going out of business after striking workers across the country crippled its ability to make its Twinkies, Ding Dongs, Wonder Bread and other snacks. The company had warned employees that it would seek to shutter its operations and sell assets if plants didn't resume normal operations by a Thursday evening deadline.
Europe's companies should be required to have more women in the boardrooms — not just because it is fair but as it also makes good business sense, the European Union's executive branch said Wednesday. Commissioner Vice President Viviane Reding told reporters the target is to have women comprise at least 40 percent of the non-executive directors of publicly traded European companies by 2020.
Minnesota agriculture officials are phasing out a federally funded program that allows them to test produce for contaminants like E. coli and salmonella. The USDA's Microbiological Data Program had operated in 11 states, including Minnesota.
First the French government went after the rich. Now it has it in for Nutella. Despite an outcry in support of the beloved chocolate and hazelnut spread, the Senate passed a measure Wednesday that would triple the tax on palm and some other vegetable oils in the hope of cutting down on obesity.