Tyson reports strong first-quarter earnings due to strong demand for meat

February 4, 2011

On Friday, Tyson Foods posted their first-quarter earnings which increase 86% from the previous year. This increase in profits is due in part to higher prices for pork and beef. The news sent stocks soaring 6%. In related news, Smithfield Foods had an increase of 4% and Pilgrim’s Pride increased 2%. Tyson’s net income increased [...]

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Clorox reports second quarter sales – profits down 80%

February 4, 2011

On Friday, Clorox reported a huge decline in second-quarter sales as their net income dropped from 110 million from the previous year to 21 million. The drop was expected as Clorox demand was high a year ago during the H1N1 scare that sent millions of Americans rushing to the store to purchase the germ killer. [...]

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Worldwide obesity rate doubles in 30 years – Why is the world gaining weight?

February 4, 2011

According to a new study, the rate of obesity has doubled in the past 30 years while cholesterol and high blood pressure is better controlled. When it comes to being overweight, higher income men in America make up 60% of those who are overweight. American women are the second largest. People in Japan, Brazil, and [...]

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Retail sales up 4.2% in January 2010 – Consumers still spending money after holidays

February 3, 2011

Data recently released shows that the majority of retail chains posted a 4.2% increase in sales for the month of January when compared with January 2009. This increase was far greater than the 2.7% analyst expected. The upward trend started with several months back as retailers offered deep discounts on black Friday items. The success [...]

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Ford recalls F150 series pickup trucks for door handle defect – 360,000 vehicles recalled

February 3, 2011

Ford Motor Company has decided to recall some of their 2009 to 2010 F150 pickup trucks due to an issue with the interior door handle. Ford says that the door handle could open during a crash and should be replaced. Altogether, 360,000 trucks are affected by the recall of which 280,000 in the US, 60,000 [...]

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