July 27, 2019 at 3:29 a.m.
Environmental groups sue Tyson
Environmental groups sue Tyson
A pair of environmental groups have sued Tyson Foods Inc., parent of Tyson Mexican Original of Portland, claiming the company’s marketing and advertising are deceptive.
Food and Water Watch and the Organic Consumer Association allege that it’s false for Tyson to claim a continued commitment toward environmental stewardship, citing more than 300 wastewater permit violations between 2013 and 2015.
The suit was filed in the Superior Court of Washington, D.C.
Tyson released the following statement in response: “We will not comment on this pending litigation, but will say we believe in transparency and have been increasingly open about our business as we’ve shown through our annual sustainability report. We’re committed to continuous improvement in everything we do. That’s how we’ve become the world’s leading producer of no-antibiotics-ever chicken, why we employ more than 2,500 food-safety professionals, implemented third-party animal welfare audits and video monitoring, have the largest team of animal welfare specialists, and have set a science-based target of reducing greenhouse gas emissions 30% by 2030.”
Merger ahead?
The country’s biggest newspaper company may soon be getting bigger.
Columbia Journalism Review reported this week that Gannett, publisher of The Star Press of Muncie, the Indianapolis Star, USA Today, the Lafayette Courier-Journal and the Richmond Palladium-Item, is close to a deal with GateHouse, which acquired a number of Indiana newspapers from Schurz Communications earlier this year.
“GateHouse — itself backed by private equity and hardly of glowing journalistic reputation — is America’s second biggest newspaper chain after Gannett, and owns even more dailies than its larger rival,” CJR reported.
The South Bend Tribune and the Bloomington Herald-Times are among the Indiana newspapers owned by GateHouse.
“The combined company would own 265 daily titles with a total print circulation nearing 9 million readers. That’s one of every six daily newspapers in America,” CJR reported.
The expectation is that GateHouse would acquire Gannett because its owner, New Media Investment Group, has access to more money.
The merger would be subject to regulatory review.
Earnings up
First Financial Bancorp reported quarterly earnings of 58 cents per share, up from 57 cents per share in the same quarter a year ago.
The bank holding company reported revenues of $156.94 million for the quarter ending June 30. That’s up from $152.24 million in the same quarter last year.
Water bottle
Ardagh is now manufacturing 12 ounce clear glass bottles for Sprecher Brewing Company’s new line of sparkling water.
Dunkirk’s glass container manufacturing plant is part of Ardagh Group, Glass-North America as is a glass plant in Winchester.
“Ardagh Group’s high-quality, attractive flint glass bottle is a key component of the high-end, above premium positioning for Sprecher’s line of all natural sparkling waters,” Jeff Hamilton, president of Sprecher Brewing Company, said in a press release. “The glass bottle provides a vessel that locks in the freshness of the beverage, with the neck acting as an aroma reservoir. Upon opening and prior to drinking, consumers experience all the natural aromatics characteristic of each flavor.”
Sprecher, a craft brewery based in Milwaukee, launched its line of sparkling waters at Menard’s and other retailers.
Rising income
First Merchants Corporation this week reported second quarter 2019 net income of $41.1 million, an increase of 3.6 percent, compared to $39.6 million during the same period in 2018.
Total assets were $10.7 billion as of quarter-end and loans totaled $7.5 billion. The banking company’s loan portfolio increased by $434 million, or 6.1 percent, during the past twelve months.
Investments increased $473 million, or 29.2 percent, during the same period and now total $2.1 billion, according to a press release.
Michael C. Rechin, president and chief executive officer, said in a prepared statement, “Our second quarter of 2019 results continued to reflect effective market coverage by our bankers coupled with healthy levels of activity from our commercial and consumer clients throughout our franchise.”
In line
Ardagh’s second quarter performance was in line with expectations, chairman and chief executive Paul Coulson said this week.
The company’s American metal packaging and European glass packaging divisions led its performance.
Revenue for the quarter was $2.268 billion, with earnings before interest, taxes, depreciation and amortization totaling $395 million.
The company recently spun off its metal packaging business in a merger with Exal. The company owns 43 percent of the merged company, known as Trivium.
Revenue from Ardagh’s glass packaging business in the U.S. was down 5 percent in the second quarter.
Unhappy customer
A Georgia woman is facing multiple charges after she fired a gun into a McDonald's floor because she received cold fries, USA Today reported this week.
According to broadcast reports, the woman originally left the McDonald's with her order but returned and said her fries were cold.
As the manager went to get new fries, the woman allegedly entered the kitchen and fired a shot into the floor.
Food and Water Watch and the Organic Consumer Association allege that it’s false for Tyson to claim a continued commitment toward environmental stewardship, citing more than 300 wastewater permit violations between 2013 and 2015.
The suit was filed in the Superior Court of Washington, D.C.
Tyson released the following statement in response: “We will not comment on this pending litigation, but will say we believe in transparency and have been increasingly open about our business as we’ve shown through our annual sustainability report. We’re committed to continuous improvement in everything we do. That’s how we’ve become the world’s leading producer of no-antibiotics-ever chicken, why we employ more than 2,500 food-safety professionals, implemented third-party animal welfare audits and video monitoring, have the largest team of animal welfare specialists, and have set a science-based target of reducing greenhouse gas emissions 30% by 2030.”
Merger ahead?
The country’s biggest newspaper company may soon be getting bigger.
Columbia Journalism Review reported this week that Gannett, publisher of The Star Press of Muncie, the Indianapolis Star, USA Today, the Lafayette Courier-Journal and the Richmond Palladium-Item, is close to a deal with GateHouse, which acquired a number of Indiana newspapers from Schurz Communications earlier this year.
“GateHouse — itself backed by private equity and hardly of glowing journalistic reputation — is America’s second biggest newspaper chain after Gannett, and owns even more dailies than its larger rival,” CJR reported.
The South Bend Tribune and the Bloomington Herald-Times are among the Indiana newspapers owned by GateHouse.
“The combined company would own 265 daily titles with a total print circulation nearing 9 million readers. That’s one of every six daily newspapers in America,” CJR reported.
The expectation is that GateHouse would acquire Gannett because its owner, New Media Investment Group, has access to more money.
The merger would be subject to regulatory review.
Earnings up
First Financial Bancorp reported quarterly earnings of 58 cents per share, up from 57 cents per share in the same quarter a year ago.
The bank holding company reported revenues of $156.94 million for the quarter ending June 30. That’s up from $152.24 million in the same quarter last year.
Water bottle
Ardagh is now manufacturing 12 ounce clear glass bottles for Sprecher Brewing Company’s new line of sparkling water.
Dunkirk’s glass container manufacturing plant is part of Ardagh Group, Glass-North America as is a glass plant in Winchester.
“Ardagh Group’s high-quality, attractive flint glass bottle is a key component of the high-end, above premium positioning for Sprecher’s line of all natural sparkling waters,” Jeff Hamilton, president of Sprecher Brewing Company, said in a press release. “The glass bottle provides a vessel that locks in the freshness of the beverage, with the neck acting as an aroma reservoir. Upon opening and prior to drinking, consumers experience all the natural aromatics characteristic of each flavor.”
Sprecher, a craft brewery based in Milwaukee, launched its line of sparkling waters at Menard’s and other retailers.
Rising income
First Merchants Corporation this week reported second quarter 2019 net income of $41.1 million, an increase of 3.6 percent, compared to $39.6 million during the same period in 2018.
Total assets were $10.7 billion as of quarter-end and loans totaled $7.5 billion. The banking company’s loan portfolio increased by $434 million, or 6.1 percent, during the past twelve months.
Investments increased $473 million, or 29.2 percent, during the same period and now total $2.1 billion, according to a press release.
Michael C. Rechin, president and chief executive officer, said in a prepared statement, “Our second quarter of 2019 results continued to reflect effective market coverage by our bankers coupled with healthy levels of activity from our commercial and consumer clients throughout our franchise.”
In line
Ardagh’s second quarter performance was in line with expectations, chairman and chief executive Paul Coulson said this week.
The company’s American metal packaging and European glass packaging divisions led its performance.
Revenue for the quarter was $2.268 billion, with earnings before interest, taxes, depreciation and amortization totaling $395 million.
The company recently spun off its metal packaging business in a merger with Exal. The company owns 43 percent of the merged company, known as Trivium.
Revenue from Ardagh’s glass packaging business in the U.S. was down 5 percent in the second quarter.
Unhappy customer
A Georgia woman is facing multiple charges after she fired a gun into a McDonald's floor because she received cold fries, USA Today reported this week.
According to broadcast reports, the woman originally left the McDonald's with her order but returned and said her fries were cold.
As the manager went to get new fries, the woman allegedly entered the kitchen and fired a shot into the floor.
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