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Consumer discretionary and consumer staples companies news.

Tyson Foods, Inc. (NYSE: TSN) announced on June 8, 2017, that the company had completed the acquisition of AdvancePierre Foods Holdings, Inc. in a deal valued at approximately $4 billion in cash. Tyson purchased all outstanding common shares of AdvancePierre Foods for $40.25 per share in cash,...
In what is likely the largest settlement handed down by a jury, Monsanto must pay $2.055 billion to a California couple who claim their cancer was caused by Monsanto’s Roundup. Alva and Alberta Pilliod say that long-term exposure to the weed killer is...
Effective at midnight ET last evening, $112 billion of Chinese goods will now be levied tariffs of 15 percent per President Trump’s orders. Many items American consumers use every day will now cost them more money as the ongoing trade war intensifies. Household staples and grocery items...
Third-quarter results for the three major credit card companies were less than ideal. Visa, American Express, and Mastercard all reported double-digit losses in the last quarter compared to the previous year’s quarter. The drop in profits pointed back to travel slowdowns because of the coronavirus pandemic. The...
Hyatt Hotels (NYSE: H) announced on October 8th it reached an agreement to acquire Two Roads Hospitality for $480M. The acquisition adds to Hyatt a unique collection of brands and an extensive development pipeline. The deal is expected to close later this year after which Two Roads'...
Microsoft says the release date for its new Xbox Series X and Series S is November 10. Consumers will be able to preorder the gaming consoles on September 22. The Series X model will list for $499, while the more economical Series S will cost $299.
On Sunday, President Trump announced that the Food and Drug Administration (FDA) has approved the use of convalescent plasma in COVID-19 patients. The FDA approved the plasma product as an emergency use for novel coronavirus patients. The president called the news a “historic breakthrough”...
On Thursday, Amazon’s annual hardware event was the setting for its new product announcements. The event was accessible by media only and closed to the public. We have a recap of some of what was announced. First, the e-commerce company announced updates for its...
According to a study from Northwestern Mutual, U.S. adults have an average of $29,800 in personal debt. The figure takes into account personal debt excluding mortgage debt. Much of the personal debt is in the form of credit card debt. The study uncovered...
Perry Ellis International Inc. (Nasdaq: PERY) revealed on June 18 that it has agreed to be taken private by George Feldenkreis, the company's founder, for $437 million in cash. Investors in the company will receive $27.50 per share in cash. This deal comes as the result of...