Houston Company to Oversee Construction of Louisiana Plant

Tyson Foods (NYSE: TSN) opened at $14.45. So far today, the stock has hit a low of $13.87 and a high of $14.50. TSN is now trading at $13.92, down $1.26 (-8.30%). The stock hit its 52-Week high of $20.49 in August and set its 52-Week low of $12.81 in January. Shares of meat producer Tyson Foods have been plunging after the company said it plans to sell 20 million shares and $45...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

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Moody's May Downgrade Tyson On Volatile Grain Costs

Increased feed costs forced Smithfield Foods into a first-quarter loss. Commodity prices are dropping, but not fast enough.

Tyson Foods (NYSE: TSN) opened at $16.27. So far today, the stock has hit a low of $15.33 and a high of $16.27. TSN is now trading at $15.39, down $0.82 (-5.06%). The stock hit its 52-Week high of $22.12 in September and set its 52-Week low of $12.81 in January. Tyson Foods shares have been dropping after competitor Sanderson Farms Inc. (SAFM) said it swung to a quarterly loss as higher feed-grain ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

I've been reporting on these food producers since fund inception to give readers an idea of the coming inflation and adverse effects of the boondoggle that is ethanol. What I do find strange is how bad news from this group is coming as a "surprise" anymor[More...]

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Filed under: McDonald's (MCD), Boeing Co (BA), Federal Natl Mtge (FNM), Hormel Foods (HRL), MBIA Inc (MBI)

Stock futures were trading down as Fannie Mae posted its fourth straight quarterly loss. Investors were awaiting word from a government report on worker productivity to see if there is any sign of an economic rebound. Those figures, though, proved disappointing.

Bloomberg News reported that worker productivity in the U.S. grew at a lower-than-expected rate in the second quarter as employers cut jobs to weather the jump in raw-material expenses. "Employers eliminated 165,000 jobs from April through June to shore up profits, and still managed to get more output with fewer workers," the news service says. "Gains in productivity help lower inflation and bolster the Federal Reserve's forecast that prices will moderate."

Fannie Mae (NYSE: FNM) posted its fourth straight quarterly loss and slashed its dividend. The second-quarter net loss was $2.3 billion, or $2.54 a share. Excluding one-time items, the loss was $2.51 a share, compared with the 72-cent average estimate of 10 analysts in a Bloomberg survey. Shares tumbled more than 12% in pre-market trading.

Continue reading Before the Bell: Market falls as oil prices slump and Fannie (FNM) slashes dividend

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Filed under: Rumors, Tyson Foods'A' (TSN)

The internet was buzzing last week after an article in the Shelbyville (that's right, I said Shelbyville), Tenn. Times-Gazette reported that Tyson Foods Inc (NYSE:TSN) employees at the local poultry plant could take off the Muslim holiday Eid Al-Fitr, which celebrates the end of Ramadan, instead of Labor Day. As you might expect in year seven of our 'war' on terrorism, some readers went apoplectic at the thought of an American corporation granting a non-Christian holiday.

Now Tyson is in a full-court press to respond to the story, and I think the company deserves consideration. Its press release explains that the exchange affects only this plant, and was granted in respond to a request from the Retail, Wholesale and Department Stores Union. Around 250 of its members are Somali immigrants, legally in the U.S. as political refugees, who work at the plant.

Continue reading Tyson (TSN) employees' Muslim holiday furor much ado about nothing

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By William Patalon III Executive Editor Money Morning/The Money Map Report U.S. Federal Reserve Chairman Ben S. Bernanke and his fellow central bank policymakers will be back in the spotlight...Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. <img src="http://feeds.feedburner.com/~f/USMoneyMorning?i=EoiMfK"[More...]

Companies featured in this segment: Syntroleum Corporation (NASDAQ:SYNM), Tyson Foods Incorporated (NYSE:TSN), Smithfield Food Incorporated (NYSE:SFD), TECO Energy Incorporated (NYSE:TE), Tata Steel (BOM:500470), Vale (NYSE:RIO)

Schaeffer's Laura Houser takes a look at activity on the Street after the market close

Schaeffer's Laura Houser takes a look at today's options activity

Companies featured in this segment: Union Pacific (NYSE:UNP), John Deere(NYSE:DE), Case New Holland (NYSE:CNH), Archer Daniel Midland (NYSE:ADM), Tyson Pork (NYSE:TSN), Penford (NASDAQ:PENX), Alliant Energy Corporation (NYSE:LNT), Pohang Iron and Steel Company (NYSE: PKX), CF Industries Incorporated (NYSE:CF), Ford Motor Company (NYSE:F), Toyota Motor Manufacturing North America's (NYSE:TM), Honda Motor Company (NYSE:HMC), General Motors Corporation (NYSE:GM), Vale (NYSE:RIO), Coca-Cola Company (NYSE:KO), Eli Lilly & Company (NYSE:LLY), Covance (NYSE:CVD), General Electric (NYSE:GE)

Schaeffer's Laura Houser takes a look at activity on the Street after the market close