Asia Pacific | JAPAN: Ito-Yokado issues drastic profit warning | Ito-Yokado...
Asia Pacific
JAPAN: Ito-Yokado issues drastic profit warning
Ito-Yokado, which runs the 5,800-strong US convenience store chain 7-Eleven and operates more than 9,000 7-Eleven stores at home in Japan, said it now expects to report group net profit of ¥7bn (US$57m) for the half year to 31 August. This is a significant downtrend from the ¥17bn forecast as recently as May, and the ¥35.6bn profit posted last year.
Americas
Brazil and Argentina to strengthen trade relations
The Brazilian and Argentinean governments are negotiating to strengthen the trade relations between both countries, as well as solving some controversies.
Europe and Middle East
Poland detects third case of mad cow disease
WARSAW, Sept 30 (Reuters) - Poland has detected its third case of mad cow disease, during a routine test, but will not slaughter the entire herd from which the animal came, chief veterinarian Piotr Kolodziej said on Monday.
UK: Farmers still vulnerable to foot and mouth, airport controls lax – survey
Airport controls on passengers arriving in the UK remain lax, a survey shows, giving rise to fears among farmers that the country could again fall victim to foot and mouth disease.
Traceability For Red Meat On The Cards
South African meat industry investigates national traceability system.
New Romanian Import Rules
Romania sets new rules for import of US animal casings, offals and meat products.
New BSE Cases
More cases of BSE have been discovered in Italy, Czech Republic and Spain.
USA
Tyson Foods Completes Sale of Specialty Brands
Tyson Foods, Inc. (NYSE: TSN) today announced that it has completed the sale of its Specialty Brands, Inc. subsidiary to Fremont Partners, a San Francisco based private equity firm. Terms of the transaction were not disclosed.
Veneman Announces $14.2 Million In Grants To Expand Food Safety Research And Education
Agriculture Secretary Ann M.Veneman today announced that the U.S. Department of Agriculture has awarded $14.2 million in competitive grants for 40 integrated food safety research, education and extension projects.
Beef Recalled Over E. Coli Fear
A Wisconsin meat packing company said Friday that it is recalling about 400,000 pounds of ground beef that may be connected to an E. coli outbreak that sickened 40 people in three states.
Survey Shows Decline in Antibiotic Use in Animals; Decrease From 1999 to 2001 Despite Increase in Meat Production
New data from a survey of animal health companies show that the volume of antibiotics used in animals in the U.S. steadily declined over the past three years.