International Business News - HRL http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Kids may be worried about homework, teachers and that pesky bully this school year. But parents? They're leery about lunches. With food prices rising and packages shrinking, parents are wondering how they'll stretch their food budgets. Children are going to get an unwitting lesson in economics, analysts say, as parents change their food-buying habits to keep costs down. http://www.ibtimes.com/articles/20080901/shrinking-packages-pricier-foods-fluster-parents.htm Mon, 01 Sep 2008 13:51:25 EDT THE BAN: Russia, the top market for U.S. chicken exports, will start banning imports from 19 plants on Monday. Russian Prime Minister Vladimir Putin says the bans are because of ignored warnings about inspections. http://www.ibtimes.com/articles/20080829/summary-box-russia-names-banned-poultry-plants.htm Fri, 29 Aug 2008 17:21:21 EDT It's a game of political chicken, and U.S. poultry producers are caught in the middle. Russia, the top market for U.S. chicken exports, will be banning imports from at least 19 plants on Monday. While U.S. producers say these bans won't have much impact, they wonder if there are more bans to come--which could further dampen an already weak industry. http://www.ibtimes.com/articles/20080829/russia-names-banned-poultry-plants.htm Fri, 29 Aug 2008 18:14:39 EDT Shares of the nation's top meat producers tumbled Wednesday after a Russian official said the country could cut imports of pork and chicken, potentially shrinking a key market for U.S. producers. http://www.ibtimes.com/articles/20080827/sector-snap-meat-producers-fall-on-russia-news.htm Wed, 27 Aug 2008 14:35:59 EDT Merrill, Goldman, Deutsche in deal with regulators NEW YORK (AP)--Merrill Lynch & Co., Goldman Sachs Group Inc. and Deutsche Bank on Thursday joined other major financial companies in settling with regulators over their roles in selling risky auction-rate securities to retail investors. http://www.ibtimes.com/articles/20080821/business-highlights.htm Thu, 21 Aug 2008 18:26:09 EDT Here's a look at how H.J. Heinz Co. and Hormel Foods Corp. fared in the most recent quarter, the results of which they reported Thursday: HORMEL: The Austin, Minn.-based company makes Spam and Jennie-O Turkey, among other products. http://www.ibtimes.com/articles/20080821/how-heinz-and-hormel-fared-in-the-quarter.htm Thu, 21 Aug 2008 16:08:19 EDT Rising commodity costs kept weighing on food makers H.J. Heinz Co. and Hormel Foods Corp. in the most recent quarter, even as consumers continued to swallow price increases for their favorite foods. http://www.ibtimes.com/data/articleimgs/113537-earns-hormel.jpg http://www.ibtimes.com/articles/20080821/heinz-gains-hormel-hurts-on-high-costs-in-quarter.htm http://www.ibtimes.com/articles/20080821/heinz-gains-hormel-hurts-on-high-costs-in-quarter.htm Thu, 21 Aug 2008 19:04:14 EDT Among the earnings stories for Thursday, Aug. 21, from AP Financial News: HOUSTON (AP)--Medical device maker Cyberonics Inc. reported Thursday that it swung to a profit in its fiscal first quarter, boosted by growth in its core U.S. epilepsy indication business, and widely beat Wall Street expectations. http://www.ibtimes.com/articles/20080821/earnings-roundup-cyberonics-hormel.htm Thu, 21 Aug 2008 14:58:22 EDT Hormel Foods Corp. said Thursday its fiscal third-quarter profit fell 9 percent as higher meat, fuel and other costs outweighed price increases and hurt margins. http://www.ibtimes.com/articles/20080821/hormel-3q-profit-falls-9-pct-on-input-costs.htm Thu, 21 Aug 2008 11:19:39 EDT Major business events and economic events scheduled for Thursday: JACKSON HOLE, Wyo.--Kansas City Federal Reserve Bank economic symposium opening dinner at 7 p.m. http://www.ibtimes.com/articles/20080820/calendar-of-major-business-events-thursday.htm Wed, 20 Aug 2008 13:18:51 EDT Hormel Foods Corp., the maker of Spam and other food products, reports earnings for its fiscal third quarter on Thursday before the market opens. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080819/earnings-preview-hormel-to-report-3q-results.htm Tue, 19 Aug 2008 10:49:19 EDT Among the stock activity stories for Monday, Aug. 11, from AP Financial News: WASHINGTON (AP)--Ciena Corp. shares rose sharply Monday after Morgan Keegan & Co. upgraded the stock to "Outperform" from "Market Perform," predicting a shift in Wall Street's bearish sentiment on the maker of telecommunications and network equipment. http://www.ibtimes.com/articles/20080811/movers-roundup-ciena-zoltek.htm Mon, 11 Aug 2008 17:41:39 EDT Shares of meat and food products maker Hormel Foods Corp. fell Monday, after the company lowered its outlook for the third quarter and full year. Shares fell 84 cents, or 2.4 percent, to close at $34.80. The company's stock has traded in a 52-week range of $30.04 to $42.77. http://www.ibtimes.com/articles/20080811/hormel-shares-fall-after-lowered-outlook.htm Mon, 11 Aug 2008 18:15:20 EDT Among the stock activity stories for Friday, Aug. 8, from AP Financial News: NEW YORK (AP)--KeyCorp shares jumped Friday following a news report that Merrill Lynch & Co. upgraded the stock to "Buy" from "Underperform." http://www.ibtimes.com/articles/20080808/movers-roundup-keycorp-discover-financial.htm Fri, 08 Aug 2008 14:48:14 EDT Shares of Hormel Foods Corp., which makes meat and food products, plunged more than 5 percent Friday after the company cut its third-quarter and full-year outlook. http://www.ibtimes.com/articles/20080808/hormel-shares-drop-on-lowered-3q-profit-outlook.htm Fri, 08 Aug 2008 19:08:43 EDT Hormel Foods Corp., which makes meat and food products including Spam, said Friday it expects third-quarter results below expectations and lowered fiscal-year guidance due to higher-than-expected costs. http://www.ibtimes.com/articles/20080808/hormel-lowers-3q-profit-outlook-due-to-costs.htm Fri, 08 Aug 2008 08:48:14 EDT The chief financial officer of food maker Hormel Foods Corp. said Tuesday the company will try to introduce $2 billion in new products by 2012. At the Piper Jaffray 28th Annual Consumer Conference in New York, CFO Jody H. Feragen said, in comments that were webcast, the company beat its prior goal of adding $1 billion in new products by two years in early 2007. The Austin, Minn., company was charged with the challenge by Chief Executive Jeffrey M. Ettinger in 2000. http://www.ibtimes.com/articles/20080610/hormel-hopes-to-meet-2b-new-products-goal-by-2012.htm Tue, 10 Jun 2008 14:14:00 EDT Spam's back on the menu at American homes. That says a lot about the state of the economy. While we all haven't turned into couch potatoes, some recent corporate news from the likes of Hormel Foods Corp., Jo-Ann Stores Inc., TiVo Inc. and Wal-Mart Stores Inc. provides mounting evidence that more Americans are entertaining themselves with backyard barbecues, craft projects and lots of television watching. http://www.ibtimes.com/articles/20080610/all-business-spam-tvs-on-consumers-buying-lists.htm Tue, 10 Jun 2008 12:26:01 EDT The U.S. subsidiary of consumer goods and food giant Unilever spent $440,000 in the first quarter to lobby on food safety reform, taxes, trade and other issues, according to a disclosure report. http://www.ibtimes.com/articles/20080606/unilever-spent-440-000-lobbying-in-first-quarter.htm Fri, 06 Jun 2008 11:33:12 EDT Love it, hate it or laugh at it--at least it's inexpensive. Sales of Spam--that much maligned meat--are rising as consumers are turning more to lunch meats and other lower-cost foods to extend their already stretched food budgets. http://www.ibtimes.com/articles/20080528/sales-of-spam-rise-as-consumers-trim-food-costs.htm Wed, 28 May 2008 16:06:23 EDT