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Smithfield

Chinese Pork Takeover Means HUGE Payout For 2 Execs

Reuters | Posted 06.14.2014 | Business

* Reward translates to 12.2 pct of deal value * WH Group, shareholders seeking $5.3 bln in Hong Kong IPO * Incentive unu...

Pork Producers Call For More Humane Treatment

AP | By JUSTIN JUOZAPAVICIUS | Posted 03.12.2014 | Green

TULSA, Okla. (AP) — The yearslong call by animal rights groups to improve conditions on American hog farms advanced considerably this week when two ...

Biggest Chinese Takeover Of An American Company Is On

Reuters | Posted 11.24.2013 | Business

Sept 24 (Reuters) - Smithfield Foods Inc shareholders on Tuesday approved the pork giant's $4.7 billion sale to Shuanghui Internati...

What China Should Learn From America's Hot Dogs

Fedele Bauccio | Posted 06.07.2013 | Green
Fedele Bauccio

The industrialization of the American meat system has inarguably resulted in cheap hot dogs. But at what price? China should think hard about the consequences that will likely flow from adopting the U.S. factory farming model.

Beware of This Bacon Behemoth

Wenonah Hauter | Posted 08.06.2013 | Business
Wenonah Hauter

We should all be leery of deals like Shuanghui International Holdings Ltd.'s proposed purchase of Smithfield Foods Inc. They further consolidate our food system, which is already dominated by a mere handful of Big Ag players.

Smithfield Sellout: Will Americans Pay the Price?

Andrew Gunther | Posted 08.05.2013 | Green
Andrew Gunther

Despite the ever-growing concern among U.S. consumers about the impact of intensive livestock operations on our health and the local environment, the nation's largest pork producer has sold out, making an already appalling situation a whole lot worse.

What's the Connection to China's and the U.S.' Pigs and the Smithfield-Shuanghui Deal?

Mia MacDonald | Posted 08.05.2013 | Green
Mia MacDonald

Similar to the pattern in the U.S., animal agriculture in China is becoming more vertically integrated, with large corporations increasingly owning not just factory-farm facilities, but also slaughterhouses and feed companies.

How Ham Can Prevent War With China

www.newser.com | Posted 06.04.2013 | Weird News

China and the US are not-so-secretly on the verge of, if not a new cold war precisely, at least a cool one. But if you're looking for optimism, recall...

What Smithfield Means -- The Shape of Things to Come

Curtis Ellis | Posted 08.03.2013 | Business
Curtis Ellis

We send boatloads of money to China every day in return for the cheap consumer merchandise filling our store shelves and shopping malls.

The China Dance: It Ain't No One Step

Jared Bernstein | Posted 08.02.2013 | Business
Jared Bernstein

Neither China, nor any other country, has "unlimited financial resources." Finite resources are, in fact, the core principle of economics. When you tee up the problem that way, you risk missing the actual problem, which is a combination of state power and the savings imbalances noted above. As the authors note, it has long been the policy of China to suppress household consumption, virtually insuring both excess national savings (Pettis stresses that Chinese household savings are not unusually high) and wide-spread poverty (though they should have noted that there are at least internal noises in China pushing the other way -- we'll have to see what they amount to). Those national savings must flow somewhere, and flow they do, to countries across the globe that consume more than they produce.

Eleazar David Melendez

Major Food Deal Unlikely To Be Challenged By Federal Regulators

HuffingtonPost.com | Eleazar David Melendez | Posted 05.30.2013 | Business

The $4.7 billion takeover of the largest pork processor in America, Smithfield Foods, by a Chinese conglomerate will almost certainly gain federal reg...

Largest Chinese Takeover Of A U.S. Company In The Works

AP/The Huffington Post | Posted 05.29.2013 | Business

RICHMOND, Va. — Chinese meat processor Shuanghui International Holdings Ltd. has agreed to buy Smithfield Foods Inc. for approximately $4.72 billion...

Smithfield Makes Fortune's Most Admired Companies List, World Gapes at Irony

Wenonah Hauter | Posted 05.20.2013 | Green
Wenonah Hauter

Smithfield has a legacy of family farm destruction, labor abuses and environmental devastation. What's to admire about that?

Major Pork Producer To Open Restaurant

AP | MICHAEL FELBERBAUM | Posted 09.08.2012 | Home

RICHMOND, Va. — Pork producer Smithfield Foods Inc. is opening a hometown restaurant to showcase its products. The company, still based in Smit...

"Ideal" Conditions or a Big McFib?

Wayne Pacelle | Posted 01.08.2012 | Home
Wayne Pacelle

If I told you that pigs confined in gestation crates -- cages barely larger than the animals' bodies, in which they don't have enough space even to turn around -- were living in "ideal" conditions where their "every need is met," you'd probably have a quarrel with that.

Resistance to Factory Pig Farming Gathers Steam

Tracy Worcester | Posted 05.25.2011 | Green
Tracy Worcester

Between 2005 and 2009, I made Pig Business by tracking US pork giant Smithfield Foods, Inc. as it swept into Poland and took advantage of cheap labor, poorly enforced environmental laws, and a government fragile in its post-communist years.

Leading Pork Producer Caught Severely Abusing Pigs

AP | Posted 05.25.2011 | Home

RICHMOND, Va. — The Humane Society of the United States said Wednesday that an undercover worker at a farm owned by the world's largest pork pro...

Humane Society Exposes Pig Breeding Horrors -- But It Doesn't Have to Be This Way

David Kirby | Posted 05.25.2011 | Green
David Kirby

Pork shoulder at my local supermarket costs 99 cents a pound, but zucchini cost $1.99 a pound. Why? Because American factory farms mass produce swine with such efficiency that the cash value of a pig's life has dwindled downward.

Will Big Ag Continue its Pointless Crusade Against Real Food on PBS?

Kurt Michael Friese | Posted 05.25.2011 | Green
Kurt Michael Friese

As food issues come out of the foodie fringe and into the mainstream, moneyed special interests are beginning to fear for their bottom lines just a little bit.

It Stinks to High Heaven

Javier Sierra | Posted 05.25.2011 | Green
Javier Sierra

The Mexican meat industry generates 130 million tons of fecal and urine matter each year, which often ends up in rivers and on coasts causing terrible environmental damage.

Reuters Mangles Flu Story and Blasts "Wild Theories" About "Evil Factory Farms"

David Kirby | Posted 05.25.2011 | Media
David Kirby

It's entirely possible that the Smithfield facility at La Gloria had nothing to do with this outbreak. But it's not exactly a "wild theory" -- Smithfield pigs are being tested for the new H1N1 strain as I write this.

What Airports and Factory Farms Have in Common: The Possible Smithfield/Swine Flu Connection

Leslie Hatfield | Posted 05.25.2011 | Green
Leslie Hatfield

If a commercial flight is a prime breeding ground for airborne infectious disease, consider the digs of modern hogs: factory farms.