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Latest Smithfield Foods Items
Pork producer Smithfield Foods' CEO says he was taken aback by some of the reactions when the Virginia-based company agreed to be acquired by a Chinese firm last year.
Smithfield Foods is expanding its two-year-old marketing partnership with Richard Petty Motorsports to attract NASCAR fans.
TULSA, Okla. (AP) — The yearslong call by animal rights groups to improve conditions on American hog farms advanced considerably this week when two of the country's biggest meat companies urged producers to change how pregnant sows are housed, and one announced it wanted to stop the practice of killing sick or injured animals by "manual blunt force."
The head of Smithfield Foods, the country's largest pork producer, told skeptical lawmakers on Capitol Hill on Wednesday that the proposed $4.7 billion sale of his Virginia-based company to a Chinese rival will create jobs and expand markets.
A Senate committee on Thursday announced plans to hold a hearing next month on the proposed $4.7 billion takeover of America's top pork producer by a Chinese rival — the biggest takeover of a U.S. corporation by a Chinese company ever.
From the AMC movie theater chain to the personal computer lines once owned by IBM to the country's biggest hog farmer, Chinese investment in America is on a record pace, with the ring of the cash register drowning out security concerns in a rebounding U.S. economy.
Richard Petty Motorsports and Smithfield Foods have teamed to bring back the traditional "Petty Blue" paint scheme for the majority of the NASCAR Sprint Cup races this season.