Category: Agriculture

Tyson recalls nearly 40,000 pounds of Weaver chicken patties

WallStreetReview
Tyson recalls nearly 40,000 pounds of Weaver chicken patties
FILE PHOTO: Traders gather at the post that trades Tyson Foods on the floor of the New York Stock Exchange June 3, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Tyson Foods Inc is recalling nearly 40,000 pounds of its Weaver chicken patties after some consumers found pieces of rubber in the product, the no. 1 U.S. meat processor said. The U.S.... Read More

Deere to slash costs after trade war hits earnings

WallStreetReview
Deere to slash costs after trade war hits earnings
CHICAGO (Reuters) – Deere & Co. (DE.N) on Friday announced a review of costs after quarterly profits yet again missed Wall Street’s estimates, hurt by bad weather and the U.S.-China trade war that have depressed sales of farm machines. FILE PHOTO: A John Deere combine harvester, with self-driving capabilities and an onboard neural network, is displayed during the 2019 CES... Read More

Deere trims earnings forecast on trade war effects

WallStreetReview
Deere trims earnings forecast on trade war effects
CHICAGO (Reuters) – Deere & Co. (DE.N) on Friday cut its earnings forecast and announced a review of costs after quarterly profits yet again missed Wall Street’s estimates, hurt by bad weather and the U.S.-China trade war that have depressed sales of its farm machines. FILE PHOTO: A John Deere combine harvester, with self-driving capabilities and an onboard neural network,... Read More

Deere trims earnings forecast on trade war woes

WallStreetReview
Deere trims earnings forecast on trade war woes
CHICAGO (Reuters) – Deere & Co.’s (DE.N) third-quarter earnings on Friday missed Wall Street estimates, hurt by the U.S.-China trade war that has dented the demand for its farm machines, forcing the company to revise down its full-year profit and sales growth forecasts. FILE PHOTO: A John Deere combine harvester, with self-driving capabilities and an onboard neural network, is displayed... Read More

Deere cuts full-year earnings forecast after profits miss estimates

WallStreetReview
Deere cuts full-year earnings forecast after profits miss estimates
FILE PHOTO: A John Deere combine harvester, with self-driving capabilities and an onboard neural network, is displayed during the 2019 CES in Las Vegas, Nevada, U.S. January 9, 2019. REUTERS/Steve Marcus/File Photo CHICAGO (Reuters) – Deere & Co.’s (DE.N) third-quarter earnings on Friday missed Wall Street estimates, hurt by the U.S.-China trade war that has dented the demand for farm... Read More

Farm equipment maker Deere’s dealers reel from trade war, bad weather

WallStreetReview
Farm equipment maker Deere’s dealers reel from trade war, bad weather
CHICAGO (Reuters) – When China announced this week that it had stopped buying U.S. agricultural products and might impose additional tariffs on farm shipments from America, Dave Schmidt braced for another blow to his business. FILE PHOTO: John Deere tractors are seen for sale at a dealer in Longmont, Colorado, U.S., February 21, 2017. REUTERS/Rick Wilking/File Photo The Salem, Wisconsin-based... Read More

Lanxess, Bayer sell chemical park operator to Macquarie for $3.9 billion

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Lanxess, Bayer sell chemical park operator to Macquarie for $3.9 billion
FRANKFURT (Reuters) – German chemical groups Bayer (BAYGn.DE) and Lanxess (LXSG.DE) have agreed to sell integrated chemical site operator Currenta to Macquarie Infrastructure and Real Assets (MIRA) (MQG.AX) for an enterprise value of 3.5 billion euros ($3.9 billion). FILE PHOTO: The headquarters of chemicals maker Lanxess are seen in Cologne, Germany November 15, 2018. REUTERS/Wolfgang Rattay/File Photo That includes net... Read More

Trump dismisses fears of long-lasting trade war; China sees severe global impact

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Trump dismisses fears of long-lasting trade war; China sees severe global impact
WASHINGTON/BEIJING/SHANGHAI (Reuters) – U.S. President Donald Trump dismissed fears of a protracted trade war with China on Tuesday despite a warning from Beijing that labeling it a currency manipulator would have severe consequences for the global financial order. Trump, who announced last week he would slap a 10% tariff on a further $300 billion in Chinese imports starting on Sept.... Read More

Trump dismisses trade war fears; China warns of market chaos

WallStreetReview
Trump dismisses trade war fears; China warns of market chaos
WASHINGTON/BEIJING/SHANGHAI (Reuters) – U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China despite a warning from Beijing that Washington’s decision to label it a currency manipulator would lead to chaos in financial markets. Trump, who announced last week he would slap a 10% tariff on a further $300 billion in Chinese imports starting on... Read More

Trump vows to help farmers as China halts U.S. agricultural purchases

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Trump vows to help farmers as China halts U.S. agricultural purchases
FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping pose for a photo ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday vowed to protect American farmers against China by signaling to provide further aid if needed, a day... Read More