Sources: Associated Press, The Cancer Project
JBS USA to be listed on NYSEJBS SA has announced plans to have its American unit, JBS USA Holdings Inc., listed on the New York Stock Exchange. The unit also plans to sell Brazilian depository receipts, according to Bloomberg.
JBS USA filed for an initial public offering of up to $2 billion on Wednesday, making it the largest planned offering in the U.S. IPO pipeline, Reuters reports. JBS USA had sales of $15.4 billion in 2008. The company unit says it plans to use the IPO’s proceeds to significantly expand the company’s direct distribution.
Sources: Bloomberg, Reuters
Woman found dead at Golden State Foods plantThe body of a 40-year-old woman was found in a machine at the Golden State Foods processing plant in City of Industry, Calif. The woman, who was not immediately identified, was an employee at the plant. The police have said they do not suspect any criminal actions, the Los Angeles Times reports. Golden State Foods is headquartered in Irvine and a major supplier to McDonald's.
Source: Los Angeles Times
Oklahoma can't get monetary damages in poultry lawsuitThe Oklahoma attorney general’s attempts to collect more than $600 million fizzled when the U.S. district court judge ruled that the state didn’t name the Cherokee Nation as a plaintiff. The Illinois River watershed area that is in dispute is part of the area set aside by the U.S. government to the Cherokee Nation, and Oklahoma doesn’t have the authority to seek damages on the nation’s behalf.
Oklahoma can still pursue the lawsuit to force the poultry companies named in the lawsuit to stop dumping what the state claims are excessive amounts of poultry waste on farmlands in the area.
Source: Associated Press