(Reuters) -Tyson Foods reported lower-than-expected quarterly sales and stuck to its annual revenue forecast on Monday amid weaker demand for beef, sending shares down 9% and overshadowing better-than-anticipated profits. U.S. President Donald Trump's trade policies hung over the meat company due to concerns that tariff disputes could raise prices for a range of consumer goods and further reduce demand for pricey meat products. Beef prices have already climbed after U.S. ranchers slashed their cattle herds due to a years-long drought that dried up pasture lands used for grazing.
Buffett shocked the investing world Saturday when he said at Berkshire’s annual meeting that he planned to retire as chief executive at the end of the year and cede the role to Greg Abel. Buffett had said years earlier that Abel was on deck to succeed him, but many observers had thought the acclaimed stock picker would remain CEO until his death. Warren Buffett said he has recommended Berkshire Hathaway’s Vice Chairman Greg Abel to become the CEO in 2026.
Strong Execution Drives Top and Adjusted Bottom-Line GainsSPRINGDALE, Ark., May 05, 2025 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, reported the following results: (in millions, except per share data)Second Quarter Six Months Ended 2025 2024 2025 2024 Sales$13,074 $13,072 $26,697 $26,391 Operating Inc
(Reuters) -Sunoco LP will buy Canada-based Parkland in a deal valued at about $9.1 billion, including debt, the U.S. fuel supplier said on Monday, a move that would create the largest independent fuel distributor in the Americas. Parkland management hailed the deal as a path to greater financial stability and growth. The company had undertaken a strategic review in March following persistent pressure from Simpson Oil, its largest shareholder with a nearly 20% stake, and activist investor Engine Capital.
MORRISVILLE, N.Y. (AP) — TG Therapeutics Inc. TGTX) on Monday reported first-quarter earnings of $5.1 million. The Morrisville, New York-based company said it had net income of 3 cents per share.
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