| May 29, 2013
| 8:52 AM
Smithfield Foods Inc., the world’s leading pork producer, is being sold to Shuanghui International Holdings, owner of China’s largest meat processing business, for $7.1 billion.
Smithfield shareholders, who along with antitrust regulators...
| May 29, 2013
| 6:12 PM
China is hungry.
The world's most populous country has for years been on an agricultural buying binge, scooping up supplies of soybeans, palm oil, cotton and just about anything else that can be culled from the soil.
Now, with 1.3 billion mouths to...
| May 30, 2013
| 6:33 AM
WASHINGTON -- The U.S. economy expanded at a slightly slower pace in the first three months of the year than originally estimated, as steeper government spending cutbacks and reduced private investment dragged on growth.
The Commerce Department on...
| May 30, 2013
| 7:02 AM
WASHINGTON -- First-time jobless claims unexpectedly rose to 354,000 last week, but the four-week average remained in the range of moderate labor market growth.
The number of people filing for initial unemployment benefits in the week ending Saturday...
| Jun 1, 2013
| 6:23 PM
HAMPTON — C.E. Falk moved out front on the white-flag circuit and gained an unlikely victory in the first of the Smithfield Foods Twin 75s for the late model stock cars, the featured events of Saturday evening’s NASCAR Whelen All-American...
| Jul 2, 2013
| 3:00 AM
Paula Deen, the Southern celebrity chef, has been dumped from the Food Network like a stale beignet. Her Georgia roots are what made her a unique talent in the foodie world, and the darker ends of those roots are what got her in trouble.
When her use of...
| Jul 5, 2013
| 12:07 PM
The drops just keep coming in the Paula Deen world — only this time, the white-haired butter empress is not the one getting cut.
In the wake of her public fallout over her use of a racial slur, she has endured a windfall of setbacks. Companies...
| Jul 25, 2013
| 2:36 PM
July 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
** Dell Inc founder Michael Dell raised his $24.4 billion bid by less than 1 percent just hours before it was to be put to a vote,...
| Nov 27, 2013
This year, Chinese authorities arrested more than 900 people for selling meat marketed as lamb that was actually the flesh of foxes, rats and minks. China, for all its efforts to clean up its food industry, has an abysmal record on food safety. Indeed,...
| Dec 5, 2013
| 11:17 AM
China already consumes half the world’s pork. But to ensure it has a steady supply of hogs, it’s struck a deal with Britain to import $73.5 million worth of premium pig semen.
The agreement was brokered with the help of British Prime...
| Feb 28, 2014
| 12:03 PM
Chinese state-owned food giant Cofco has agreed to buy a controlling stake in Dutch grain trader Nidera, the latest move in China’s global quest to supply its growing food demand.
The deal, reportedly worth close to $1.3 billion, would give...