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Topic: Smithfield Foods


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In the News (Wed 15 Oct 08)

  
  Smithfield Foods News:: Volume II Number I, Fall 2004/TITLE> The Food Bank is a certified affiliate of the national America's Second Harvest network, and has distributed over 70 million pounds of food since it began in Tampa in 1982.
Smithfield Foods recently provided financial support to the Reed Smith LLP Backpack Drive at an elementary school in Fairfax County, Virginia.
Smithfield Foods is proud to be a part of such a project to help these students and their families.
www.smithfieldfoodsnews.com /VolumeII_NumberI/PageV.html   (937 words)

  
 WCFCourier.com | The Waterloo Cedar-Falls Courier Online!
Virginia-based Smithfield Foods, the world's largest pork processing company, had sued the state in 2002, claiming Iowa's ban on packer ownership of livestock infringed on interstate commerce.
Smithfield is a proponent of hog ownership from farrowing pen to table, a concept known as vertical integration.
Smithfield, too, is prepared to go back to court, said Richard Cullen, an attorney from Richmond, Va., representing the company.
www.wcfcourier.com /articles/2004/05/22/business/local/1490342f71caaf4786256e9c0002a4c2.txt   (402 words)

  
 Amnesty Magazine
At Smithfield’s Tar Heel plant, 85 percent of the 6,000 employees belong to ethnic minorities, according to Smithfield Foods spokesperson Jerry Hostetter; more than half are Latino.
Smithfield fired Buffkin shortly before the NLRB hearing, and the company’s lawyers have consistently denied her charges that the company tried to bust the union.
In December 2000, the NLRB ruled that Smithfield committed “egregious and pervasive” violations of workers’ rights during the 1997 election, including conspiring with law enforcement officials to instigate violence during the vote count, intimidating union supporters, and colluding with attorneys and company witnesses who lied under oath.
www.amnestyusa.org /amnestynow/smithfield.html   (1977 words)

  
 Smithfield Foods News:: Volume II Number IV, Summer 2005   (Site not responding. Last check: 2007-11-07)
Currently Smithfield's 420 company-owned farms throughout the United States in addition to the company's 52 pork processing facilities are certified.
"It was basically a complete culture shift at Smithfield on environmental matters because we had grown from a small company in the southeastern corner of Virginia to the number one hog producer and pork processor in the world, and we made the decision to be the leader in environmental stewardship as well," Treacy said.
"Smithfield is extremely committed to the process because we've seen the fruits of success from the farms," Treacy said.
www.smithfieldfoodsnews.com   (480 words)

  
 CNW Group   (Site not responding. Last check: 2007-11-07)
Smithfield's successful bid is subject to Bankruptcy Court approval at a hearing to be held on October 28, 2003, and is subject to certain other customary conditions.
Smithfield stated that it expects the transaction to be accretive to its earnings immediately after closing.
With annualized sales of $8 billion, Smithfield Foods is a leading processor and marketer of fresh pork and processed meats in the United States, as well as the largest producer of hogs.
www.newswire.ca /releases/October2003/13/c0469.html   (388 words)

  
 Smithfield marketing higher-fat pork for low-carb dieters | ajc.com   (Site not responding. Last check: 2007-11-07)
Smithfield Foods Inc. is test-marketing a new, higher-fat pork that takes the opposite approach of the company's Lean Generation Pork line, developed more than a decade ago to appeal to health-conscious carnivores.
Smithfield has spent the past four years creating a new breed of hog that would provide more flavorful fresh pork.
Smithfield's new offering should play into consumer demand, but people who subscribe to low-carb diets should remember that fat has more calories per gram than carbohydrates, said Cynthia Sass, a spokeswoman for the American Dietetic Association.
www.ajc.com /health/content/health/0105/17fattypork.html   (255 words)

  
 Smithfield Foods News - Page 2   (Site not responding. Last check: 2007-11-07)
Smithfield Foods News continually updated from thousands of sources around the net.
A hog truck bound for Smithfield Foods Inc. turned over early Thursday when the wheels on the left side of the truck went off the roadway and sank in mud, police said.
Smithfield Foods Inc. announced Wednesday that Curly's Foods plans to add 120 jobs over the next three years as part of a 25.7 million expansion to its Sioux City facility.
205.217.154.77 /com/sfd/page2   (580 words)

  
 ABC News: Smithfield Foods 4th-qtr profit rises   (Site not responding. Last check: 2007-11-07)
Jun 3, 2005 — CHICAGO (Reuters) - Smithfield Foods Inc. , the largest U.S. hog and pork producer, on Friday reported a 20 percent rise in quarterly earnings from continuing operations as strong hog prices offset weakness in its beef and pork units.
Smithfield said profit rose to $85.4 million, or 76 cents per share, for its fourth quarter ended May 1, from $71.1 million, or 63 cents per share, a year earlier.
Smithfield has the nation's largest hog herd and sends about 14 million head a year to market.
abcnews.go.com /Business/wireStory?id=815957   (263 words)

  
 030435 Smithfield Foods Slashes Profit Outlook
For the quarter ending April 27, the Smithfield, Virginia-based company said its sees earnings at 3 cents to 5 cents per diluted share, as the combination of low hog prices and weak fresh meat prices hurt profitability.
Smithfield's hog production group, which sells about 13 million hogs a year, has been unprofitable throughout the quarter as live hog prices have remained below break-even levels longer than expected, the company said.
Smithfield's hog production operations should return to profitability in the first quarter of fiscal 2004, it said.
www.spcnetwork.com /mii/2003/030435.htm   (216 words)

  
 041156 Smithfield Foods Raises Outlook   (Site not responding. Last check: 2007-11-07)
Smithfield, VA - Smithfield Foods Inc. raised its second-quarter forecast, saying it expected significantly higher earnings because of a 30% increase in live hog prices and improved pork processing margins in October.
With annual sales of $10 billion, Smithfield Foods is the leading processor and marketer of fresh pork and processed meats in the United States, as well as the largest producer of hogs.
On the New York Stock Exchange, Smithfield shares rose $1.16, or 4.4%, at $27.58 - near the middle of their 52-week trading range of $20.10 to $31.15.
www.spcnetwork.com /mii/2004/041156.htm   (164 words)

  
 Pennexx Foods sues Smithfield Foods over takeover (phillyBurbs.com)
Pennexx Foods Inc. filed a lawsuit in U.S. District Court in Philadelphia on Wednesday alleging fraud, breach of contract and other violations stemming from the June takeover.
Smithfield, which previously owned 41 percent of Pennexx, seized Pennexx's assets after the Philadelphia-based company could not pay back $11.9 million in loans.
The lawsuit claims that Pennexx was forced to default on the loans because Smithfield failed to properly renovate a Pennexx plant that produces prepacked, case-ready meats, causing Pennexx to sustain heavy financial losses.
www.phillyburbs.com /pb-dyn/news/103-12052003-207909.html   (228 words)

  
 Forbes.com: CORRECTED - Smithfield paying $367.4 mln for Farmland's pork unit   (Site not responding. Last check: 2007-11-07)
Smithfield outbid rival Cargill to win the $1.8 billion pork unit, known as Farmland Foods, in negotiations held Sunday night.
In addition to the cash, Smithfield said it is assuming certain Farmland liabilities, including pension obligations valued at $90 million, and associated assets of both Farmland Foods and Farmland Industries as well as certain post-petition liabilities.
Smithfield, the top U.S. pork producer, had been seeking to buy Farmland Foods for more than a year and initially bid $363.5 million to take over the pork business, which generates about $1.8 billion in annual revenue.
www.forbes.com /markets/newswire/2003/10/13/rtr1106946.html   (348 words)

  
 DesMoinesRegister.com | Business   (Site not responding. Last check: 2007-11-07)
As part of the agreement, Smithfield will pay $367.4 million in cash for almost all the assets of the Kansas City, Mo., company's pork division, Farmland Foods.
Smithfield rival Cargill Inc. of Minnetonka, Minn., earlier said it would pay $385 million for Farmland Foods, beating Smithfield's initial offer of $363.5 million.
Steve Moline, an assistant attorney general in the farm division with Iowa Attorney General Tom Miller's office, said it was too soon to know the impact in Iowa of the Smithfield purchase.
www.dmregister.com /business/stories/c4789010/22492704.html   (487 words)

  
 Tyson Foods Beats Out Smithfield for IBP Inc. (washingtonpost.com)   (Site not responding. Last check: 2007-11-07)
Tyson Foods Inc. said it agreed to buy IBP Inc. for $4.7 billion in cash, stock and debt, thwarting a bid by Smithfield Foods Inc. to acquire the leading U.S. beef processor.
Smithfield, Va.-based Smithfield wanted to be the dominant U.S. meat company.
On Nov. 13, Smithfield offered $4.1 billion in stock and assumed debt, or $25 a share, for IBP's pork business and a one-third share of the U.S. beef market.
www.washingtonpost.com /ac2/wp-dyn/A6898-2001Jan1?language%3Dprinter   (357 words)

  
 Smithfield Agreement
In the summer and fall of 2000, the Attorney General of North Carolina entered into agreements first with Smithfield Foods and its subsidiaries and then with Premium Standard Farms under which the two companies consented to fund development of environmentally superior waste management technologies for use on North Carolina swine farms owned by the companies.
Smithfield Foods agreed to provide $15 million for this effort, while the attorney general allocated $2.1 million from the Premium Standard Farms agreement, for a total of $17.1 million for the environmentally superior technologies identification and development initiative.
The agreement between the North Carolina Attorney General and Smithfield Foods, Premium Standard Farms and Frontline Farmers provides a method of evaluating waste management technologies that hold promise as alternatives to the lagoon-sprayfield system.
www.cals.ncsu.edu /waste_mgt/smithfield_projects/smithfieldsite.htm   (1240 words)

  
 Cutting Into the Checks (washingtonpost.com)
During the last presidential election, Smithfield Foods Inc., the Smithfield, Va.-based pork and beef producer, gave more than $300,000 to presidential candidates and national political committees, making it one of the leading political donors among Washington area companies.
Yet this year Smithfield employees and its political action committee, aptly named HAMPAC, have given a total of only $8,670 to the presidential candidates and national party committees.
Smithfield is just one of many Washington area companies that are putting less money into the presidential contest than they did four years ago.
www.washingtonpost.com /wp-dyn/articles/A17086-2004Sep12.html   (645 words)

  
 Smithfield Foods wins lawsuit   (Site not responding. Last check: 2007-11-07)
A federal judge in Tampa, Fla., has dismissed an environmental class-action lawsuit against Smithfield, Va.-based Smithfield Foods Inc. filed by a coalition of plaintiffs' lawyers led by Robert F. Kennedy, Jr.
Poulson, Smithfield Foods' executive vice president and senior advisor to the chairman, after learning of the dismissal.
Smithfield Foods and its attorneys are considering what sanctions to request.
www.cdfe.org /smithfield.htm   (261 words)

  
 Knight Ridder/Tribune Business News : Smithfield Foods to Cook Up World's Biggest Ham Biscuit in Virginia. @ HighBeam ...   (Site not responding. Last check: 2007-11-07)
Smithfield Foods to Cook Up World's Biggest Ham Biscuit in Virginia.
The biscuit will be made Sept. 28, 2002, as part of the 250th birthday celebration of the town of Smithfield and the Smithfield Inn.
Smithfield Foods, owners of the Inn, is sponsoring the event.
static.highbeam.com /k/knightriddertribunebusinessnews/december142001/smithfieldfoodstocookupworldsbiggesthambiscuitinvi/index.html   (240 words)

  
 Smithfield Foods "underweight" | newratings.com   (Site not responding. Last check: 2007-11-07)
In a research note published this morning, the analyst mentions that Smithfield Foods recently sold its Canadian packaging and specialty meat divisions to Maple Leaf Foods for $378 million.
The analyst believes that Smithfield's intention was to generate enough cash for another bid for Farmland’s pork assets.
The deal with Maple Leaf Foods is likely to find favour with shareholders in the long term, the analyst says.
www.newratings.com /analyst_news/article_336680.html   (242 words)

  
 Ashland Daily Tidings :: Online Newspaper Edition - Your Community News Source Since 1876.
"Genuine Smithfield hams are those cut from carcasses of peanut-fed hogs, raised in the peanut-belt of the State of Virginia or North Carolina, and are cured, treated, smoked and processed in the town of Smithfield, in the State of Virginia."
Smithfield Foods is a major employer and a Fortune 500 company.
Smithfield is still Ham Town, but without dancing pigs.
www.dailytidings.com /2004/0830/083004c1.shtml   (496 words)

  
 DOJ/Antitrust: Press Release   (Site not responding. Last check: 2007-11-07)
WASHINGTON, D.C. — The Department of Justice today filed a civil antitrust lawsuit against Smithfield Foods Inc., the nation's largest hog producer and pork packer, for twice failing to comply with premerger notification requirements before making certain acquisitions of stock of its competitor, IBP Inc., the nation's second largest pork packer.
The complaint, which was filed in U.S. District Court for the District of Columbia, alleges that Smithfield was in violation of the HSR Act on two occasions--a 97-day period in 1998 and a 401-day period in 1999-2001.
Smithfield is a Virginia corporation with its principal place of business in Smithfield, Virginia.
www.usdoj.gov /atr/public/press_releases/2003/200810.htm   (420 words)

  
 Knight Ridder/Tribune Business News : North Carolina Fines Smithfield Foods over Purchase of Swine from Banned Farm. @ ...   (Site not responding. Last check: 2007-11-07)
Aug. 4--TAR HEEL, N.C.--State environmental officials fined Smithfield Foods $10,373.96 after the company admitted buying swine from a prohibited farm on five occasions this year.
Smithfield operates the world's biggest hog slaughterhouse at its Smithfield Packing Co. Inc.
In documents explaining the fine, Department of Environment and Natural Resources officials said Smithfield Packing accepted swine from the Joshua "Jody" Coombs farm, even though Smithfield knew purchases from Coombs' farm were prohibited as of Dec. 12.
static.highbeam.com /k/knightriddertribunebusinessnews/august042002/northcarolinafinessmithfieldfoodsoverpurchaseofswi/index.html   (235 words)

  
 DECEMBER 2000 - Welcome to the Millennium
The EPA withheld approval for introduction into the food supply on the grounds that it did not have satisfactory data to show it would not trigger allergic reactions.
Smithfield's slaughtering capacity is focused in the Mid-Atlantic with only two plants in the Midwest.
Smithfield owns a majority of the hogs it slaughters with a reported goal of becoming 100 percent vertically integrated.
www.essential.org /monitor/mm2000/00december/enemies.html   (7224 words)

  
 Market Wire: Smithfield Foods, Inc. Anticipates Lower Third Quarter Earnings
We continue to be optimistic about the future, particularly as we move into the fourth quarter and fiscal 2001 when we expect to have the full benefit of the Murphy Family Farms acquisition.
Smithfield Foods is the largest vertically integrated producer and marketer of fresh pork and processed meats in the United States.
The joint ventures are involved in all aspects of the pork business including hog production and slaughter as well as the sale of fresh and processed meats.
calbears.findarticles.com /p/articles/mi_pwwi/is_199901/ai_mark05990607   (520 words)

  
 Low Hog Prices Haunt Smithfield Foods
The company earned $5.1 million, or 5 cents a share, compared with $24.9 million, or 22 cents a share, in the prior-year period.
The company, based in Smithfield, Va., said strong profitability in beef and processed meats somewhat offset continued low hog prices and weak fresh pork prices.
Shares of Smithfield closed at $21.04 Tuesday on the New York Stock Exchange.
www.thestreet.com /pf/tech/marketmovers/10091394.html   (156 words)

  
 Smithfield Foods - Topix.net
Responding to a federal court decision, the Bureau of Land Management is telling ranchers to remove thousands of cattle from nearly a million acres of public land in southern Idaho.
Smithfield Foods Inc. will stop feeding antibiotics routinely to healthy hogs used for meat products sold to Compass Group North America Inc., a large food service company.
Shares of two big meat companies headed in opposite directions Friday, with chicken and beef giant Tyson Foods on the rise and pork producer Smithfield Foods slipping as federal regulators moved to reopen the...
rss.topix.net /rss/com/sfd.xml   (317 words)

  
 Smithfield Foods 2001 Environmental Report   (Site not responding. Last check: 2007-11-07)
The world's largest hog producer and pork processor, Smithfield Foods logged nearly $6 billion in sales in fiscal 2001.
Based in Smithfield, VA, the company raises hogs in 10 U.S. states and in Brazil, Mexico, and Poland.
Smithfield Foods produces a wide variety of fresh pork and processed meats products for North America and more than 25 global markets.
brochure.sfenvironmental.com /index.html   (94 words)

  
 Stocks to watch Tuesday - Dec. 29, 2003
Investors can expect Tyson Foods Inc., Smithfield Foods Inc., and Boeing Co. to be among individual stocks on the move Tuesday following news after the market closed Monday.
Moody's also said it may still cut the long-term ratings of Cargill Inc. and Smithfield Foods Inc. These companies were already on review prior to the mad cow announcement last week.
Shares of Tyson Foods ( TSN : Research, Estimates) finished 47 cents higher at $13.06 while Smithfield Foods ( SFD : Research, Estimates) shares ended 85 cents lower to $21.06.
money.cnn.com /2003/12/29/markets/afterbell   (518 words)

  
 RKC! Portfolio -- Smithfield Foods 2002 Environmental Report   (Site not responding. Last check: 2007-11-07)
In RKC!'s second environmental report for Smithfield Foods, we sent our photographer around North America to capture some of the employees at the forefront of the company's environmental efforts.
Interspersed throughout the report, their stories provide an appropriate counterpoint to the wealth of technical information that is also included.
Smithfield Foods 2002 Environmental and Safety Annual Report
www.rkconline.com /print/smi02env.shtml   (57 words)

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