Business Plans

Business News

Pilgrim’s sees US investments as key to growth

GREELEY, COLO. — As part of its second-quarter earnings report, Pilgrim’s Pride Corp. announced that it would be making new investments in the US market.

Fabio Sandri, chief executive officer of Pilgrim’s, said the investments included an expansion of the Athens, Ga., facility which would enhance service levels and support the growth of a key customer.

“It also includes funding for operational excellence improvements via automation throughout our US footprint and construction of a protein conversion plant for pet food ingredients in Georgia,” he added.

Pilgrim’s also committed to the development of a prepared foods facility in the Southeastern part of the United States.

“Taken together, these investments will simultaneously enable sufficient capacity for top-line growth with our key customers, enhance operating margins, create value for our shareholders, and provide opportunities for a better future for our team members,” Mr. Sandri said.

Net income at Pilgrim’s in the second quarter

Read More
Business News

Fox News, Once Home to Trump, Now Often Ignores Him

It’s been more than 100 days since Donald J. Trump was interviewed on Fox News.

The network, which is owned by Rupert Murdoch and boosted Mr. Trump’s ascension from real estate developer and reality television star to the White House, is now often bypassing him in favor of showcasing other Republicans.

In the former president’s view, according to two people who have spoken to him recently, Fox’s ignoring him is an affront far worse than running stories and commentary that he has complained are “too negative.” The network is effectively displacing him from his favorite spot: the center of the news cycle.

On July 22, as Mr. Trump was rallying supporters in Arizona and teasing the possibility of running for president in 2024, saying “We may have to do it again,” Fox News chose not to show the event — the same approach it has taken for nearly all

Read More
Business Tips

How to Lower Your Summer Electric Bill

As parts of the country bake in triple-digit temperatures, Americans are turning on their air-conditioners — and running up their electric bills.

Bills that would normally rise at this time of year are surging because the cost of producing electricity has been rising rapidly. Almost 90 percent of homes in the United States use some form of air-conditioning for cooling, according to the U.S. Energy Information Administration. The administration’s latest forecast shows average residential electricity prices rising 4.7 percent this summer compared with last summer.

Here are tips for managing your cooling bill.

Seasonal tuneups can help keep central air-conditioning systems running smoothly. Technicians typically check refrigerant levels and clean cooling coils. “It makes the air-conditioner run better, and keeps the cost down,” said Adam Cooper, senior director of customer solutions with the Edison Electric Institute, a group that represents investor-owned electric companies.

If you’ve delayed maintenance, you may have

Read More
Business News

Chipotle investing in ‘fundamentals’ | Food Business News

NEWPORT BEACH, CALIF. — Chipotle Mexican Grill, Inc. is investing in “being brilliant at the basics” after the fast-casual chain experienced a slowdown in sales during the latter half of the recent quarter, said Brian R. Niccol, chairman and chief executive officer. A newly launched operations initiative focuses on retraining employees on the fundamentals of the business.

“These fundamentals include having great culinary prepared and ready to serve, open to close in a food-safe environment, ensuring that restaurants are staffed and appropriately deployed across both the digital make-line and front make-line; improving order accuracy and timing for the digital business; and increasing throughput in hospitality for the in-store business,” Mr. Niccol outlined during a July 26 earnings call.

Net income for the second quarter ended June 30 was $259.9 million, equal to $9.32 per share on the common stock and up 12% from net income of $188 million, or $6.68

Read More
Business Tips

14 Tips To Avoid Harmful Influencer Marketing Techniques For

A company’s brand is vital to its success. One way many companies attempt to protect and enhance their brand is by using marketing techniques that will keep the average consumer returning. This could include acquiring an influencer who acts as the face of the company by acting in infomercials, being in ads and using their social platforms to discuss the company’s brand. While this may seem like a good idea to go get an influencer for the brand, companies sometimes struggle with the influencer and their services. Everything from differences in how to present your brand to discrepancies in compensation can be a potential danger to a company.

There are ways to avoid these problems with influencers who are helping. Even if the damage is already done, there are maneuvers that can recover the company’s brand. Brand marketing is important to a business, but it does not have to exceed

Read More
Finance

Oversight Republicans following Hunter Biden’s ‘money trail’

NEWYou can now listen to Fox News articles!

House Republicans are demanding answers from President Biden’s son Hunter’s financial adviser Edward Prewitt regarding his business deals, which have been flagged as suspicious by banks.

Biden has been under federal investigation for his tax affairs predicated by suspicious foreign transactions since 2018, and President Joe Biden has repeatedly denied discussing Hunter’s business ventures with him.

The president’s son’s questionable business dealings, conducted by himself, his associates, and other Biden family members, have been flagged and reported by U.S. banks.

House Oversight Committee Ranking Member Rep. James Comer, R-Ky., sent a letter to Hunter Biden’s financial adviser Edward Prewitt Wednesday demanding information about the Biden family’s foreign business deals.

RON JOHNSON DEMANDS PROBE OF ‘SCHEME’ TO SUPPRESS HUNTER BIDEN INFO

NBC News reported this week on the contents of Hunter Biden’s laptop as the president’s son remains under a federal

Read More