91��Ƶ

Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.

Tyson Foods Inc., the top U.S. meat company by sales, reported better-than-expected earnings as surging prices for beef and chicken helped to offset a decline in volumes amid a tight labor market.

The Biden administration is taking aim at major meatpackers, charging that “pandemic profiteering” is squeezing consumers and farmers alike, with a few companies that dominate the industry raking in record profits.

Tyson Foods Inc., the biggest U.S. meat company, reported better-than-expected fiscal second-quarter earnings and raised its sales forecast as beef markets strengthen and the company increases prices to pass through higher costs.

Bryan McDuffie, a top transportation executive at Tyson Foods, has been named vice president of transportation at George’s Inc., one of the nation’s largest privately owned poultry processing firms.

Tyson Foods Inc. made an unsolicited $6.2 billion offer to buy Hillshire Brands Co., trumping a competing bid from Pilgrim’s Pride Corp. of $6.1 billion.