Tyson Foods said on Feb. 15, that it would lift its mask mandate for fully vaccinated employees at certain U.S. facilities, except those working at meatpacking plants for now. The meatpacking company said that its new policy applies to employees at facilities not under the supervision of the U.S. Department of Agriculture’s Food Safety and…
Tyson Foods Eases Mask Mandate At Some US Facilities, But Not At Meatpacking Plants
February 16, 2022
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Burger King, Tim Hortons Power Restaurant Brands Sales Beat
February 15, 2022
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Restaurant Brands International Inc. beat estimates for quarterly revenue and profit on Tuesday, led by soaring online sales and a recovery in demand at its Burger King and Tim Hortons chains. Consumers are increasingly venturing out to diners, encouraged by easing COVID-19 curbs, after the nearly two-year long health crisis prompted restaurant closures and dine-in…
German Investor Morale Rises on Expectations of Easing COVID-19 Restrictions
February 15, 2022
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BERLIN—German investor sentiment rose in February on expectations that restrictions to contain COVID-19 will ease, allowing growth in Europe’s largest economy to pick up, a survey showed on Tuesday. The ZEW economic research institute said its economic sentiment index rose to 54.3 from 51.7 in January. A Reuters poll had pointed to a rise to…
Nestle’s Ability to Hike Prices in Focus for Full-Year Results
ZURICH—Food group Nestle is expected to post organic sales growth of 7.1 percent for 2021 on Thursday, almost twice as high as the year before thanks to strong demand for coffee and pet food, but high input costs will start taking a toll on profitability. Markets will focus on the guidance for this year, especially…
US Detects Highly Lethal Bird Flu in Tyson Foods Chickens
February 15, 2022
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CHICAGO—A flock of about 240,000 chickens owned by Tyson Foods Inc. in Kentucky tested positive for a highly lethal form of bird flu, government officials and the company said on Monday, widening an outbreak that threatens the U.S. poultry industry. Infections in the chickens being raised for meat triggered more restrictions on U.S. exports, with…
Airbus Upbeat on Freighter Sales, Plays Down Supply Chain Fears
February 15, 2022
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SINGAPORE—Airbus voiced optimism on Monday about sales of a new A350 freighter after Boeing launched a competing cargo version of its future 777X jetliner and said it was doing everything possible to shore up fragile global supply chains. Airbus launched the freighter version of its A350 wide-body jet last year to address rising air cargo…
Demand Shock Behind Global Bottlenecks Should Ease in Months: WTO
BRUSSELS—Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization’s chief economist said on Monday. The WTO had thought in October that demand for goods would slow early in 2022. However, that was before the Omicron variant of…
Ford Suspends or Cuts Output at Plants Due to Chip Shortage
February 14, 2022
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DETROIT—Ford Motor Co. said on Monday it will continue idling some of its assembly plants in the week of Feb. 14 due to the global semiconductor shortage. The U.S. automaker will idle production at its Ohio Assembly Plant as well as the production line for the Transit van at its Kansas City Assembly Plant, spokeswoman…
Levi’s Ex-president Claims She Was Forced Out Over COVID-19 Protests
The former executive vice president and president of clothes maker Levi’s branding said she quit and walked away from $1 million because of her views against COVID-19-related school closures. “More than 20 years ago, I joined Levi’s. I quit so I could be free,” Jennifer Sey wrote on Twitter, linking to her article published in former…
3M Sees Earnings Hit From Waning Mask Demand
Industrial giant 3M Co. on Monday forecast a slower pace of sales growth in 2022 and a 45 cent hit to its per-share earnings, as demand for its masks wanes due to the global vaccination drive against COVID-19. The company is expecting total sales growth in the range of 1 percent to 4 percent for…
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