U.S. pork prices rise as fatal pig disease hits Asia: Tyson Foods CEO

CHICAGO (Reuters) – U.S. pork prices have increased in recent weeks as a fatal pig disease in Asia is reducing global meat supplies, the chief executive of Tyson Foods Inc said on Tuesday, after the company posted lower-than-expected quarterly earnings. The price increase is probably the first time the United States has been significantly affected by African swine fever (ASF), […]

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Bernard Tyson, CEO of Kaiser Permanente, passes away ‘unexpectedly’ in his sleep at age 60

Kaiser Permanente CEO Bernard J. Tyson. (Photo: Kaiser Permanente) Bernard J. Tyson, the chairman and CEO of the health plan provider Kaiser Permanente, passed away in his sleep on Sunday. One day earlier, Tyson spoke at a tech gathering in Oakland, California, called AfroTech where he appeared to be in good spirits, sharing photos on Twitter. The health care executive was 60 years old. […]

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Tyson cuts profit forecast, says slaughterhouse fire among challenges

(Reuters) – U.S. meat processor Tyson Foods Inc (TSN.N) on Tuesday lowered its 2019 adjusted earnings forecast citing short-term challenges due to commodity market volatility, slower-than-expected operational improvements in the chicken segment, and the impact of a recent fire at its slaughterhouse in Holcomb. Tyson now expects to earn an adjusted profit between $5.30 and $5.70 per share, from a […]

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Tyson Foods CEO Tom Hayes departs for “personal reasons”

Only two years after taking the helm at Tyson Foods, Tom Hayes is stepping down as president and CEO of the meat producer, with longtime company insider Noel White tapped to replace him. Hayes will depart at the end of September for “personal reasons,” according to the maker of Ball Park hotdogs and Jimmy Dean sausages. The company did not […]

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Tyson Foods beats profit estimates on strong beef demand

CHICAGO (Reuters) – Tyson Foods Inc (TSN.N) beat analysts’ quarterly profit estimates on Monday as the No. 1 U.S. meat processor reported a record operating income for its beef business due to increased exports and cattle supplies. Stronger demand for beef offset weaker results in Tyson’s pork and chicken units, which the company said were hurt by trade disputes between […]

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