GFM Network News



Lawsuit says Tyson Foods misled shareholders about COVID-19 protocols

Lawsuit says Tyson Foods misled shareholders about COVID-19 protocols

Reuters – U.S. meat and poultry processor Tyson Foods was sued Feb. 2 for allegedly defrauding shareholders with misleading disclosures about its ability to combat the spread of the coronavirus in its facilities. The lawsuit, which seeks class-action status, was filed in Brooklyn federal court by Mingxue Guo, who lives in Canada, and seeks unspecified



Tyson Foods is pinning its hopes on growth in the Chinese market after approval was granted to export product to that country.

Tyson Foods cleared to ship poultry to China from all U.S. plants

The company expects pork and poultry shipments to grow in the wake of swine fever

Reuters – Tyson Foods has received approval from U.S. and Chinese authorities to export American poultry to China from all 36 of its U.S. processing plants and expects to begin taking orders early next year, a chief supply chain officer for the company said. U.S. chicken companies are eager to resume sales in China after

A+W’s Beyond Meat Burger. (A+W/CNW Group)

Tyson sells stake in Beyond Meat

Reuters — Tyson Foods said on Wednesday it had sold its 6.5 per cent stake in vegan burger maker Beyond Meat, as the No. 1 U.S. meat processor looks to develop its own line of alternative protein products. The exit comes against the backdrop of rising tensions between the two companies after Tyson CEO Noel



Photo: Thinkstock

Tyson posts better-than-expected profit, bets on chicken

Reuters – Tyson Foods Inc reported stronger-than-expected quarterly results on Monday, sending its shares up 5 percent, and said it would ramp up chicken production in the face of record demand from U.S. consumers. Tyson said it spent more money on advertising and marketing for chicken in the third quarter ended on July 1, bringing

Tyson Foods beefs up prepared foods with AdvancePierre buy

Reuters – Tyson Foods Inc, the No. 1 U.S. meat processor, said on Tuesday it would buy packaged sandwich supplier AdvancePierre Foods Holdings Inc for about $3.2 billion in cash, to expand its fast-growing portfolio of prepared food brands. Demand for meat-based snacks has been growing as Americans shun candy and overly processed foods. This



Broiler chicken

USDA faces backlash over proposed rules

Chicken processors are crying foul over moves aimed to protect producers

The U.S. Department of Agriculture proposed rules Dec. 14 it said will help protect chicken producers from mistreatment by the small group of meat companies that control most of the country’s production. With only a few weeks left to the Obama administration, the agency clarified that individual farmers who feel they have been treated unfairly do