On Monday, Hormel Foods Corp (NYSE:HRL)’s shares declined -1.19% to $61.45.
During the annual Barclays Back-to-School Consumer Conference in Boston, Mass., Jeffrey M. Ettinger, chairman of the board, president and chief executive officer at Hormel Foods Corporation (HRL), offered insights on the company’s strategies for driving growth counting innovation efforts, expanding business in China and the success of its recent acquisitions. Ettinger also highlighted consumer trends in portable and nutritious foods, multicultural flavors and expansion into global markets.
Glenn R. Leitch, group vice president and president at Jennie-O Turkey Store, joined Ettinger during the presentation to talk about the impact of the recent outbreak of highly pathogenic avian influenza on the industry and how Jennie-O® products are connecting with consumers.
Hormel Foods Corporation produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It provides various perishable meat products, counting fresh meats, frozen items, refrigerated meal solutions, sausages, hams, wieners, and bacon; and shelf-stable products comprising canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other products.
Sonic Corporation (NASDAQ:SONC)’s shares dropped -4.24% to $23.49.
Back by popular demand, SONIC® Drive-In (SONC) declared the return of Boneless Wings with a lineup of exciting flavors for the ultimate wing experience. Tossed with sauces infused with bold ingredients like ginger, spicy habanero sauce, lemongrass, garlic and honey, these fan favorites will please any wing lover.
SONIC’s Boneless Wings are made with 100 percent all white-meat chicken and are accessible in six mouth-watering sauces, each loaded with bold flavor: Garlic Parmesan, Honey Barbeque, Asian Sweet Chili, Buffalo, Island Fire™ and Extreme Habanero Heat. Wing lovers across the nation can also spend their Monday nights at SONIC for Wing Night in America! Every Monday night until December 20, from 5 p.m. to close, Boneless Wings are buy one, get one free. Whether it’s two orders of Island Fire or one order of all six flavors, Wing Night in America is the perfect time to feed your wing cravings.
Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of March 13, 2015, the company operated 3,517 restaurants in 44 states. It also leases signs and real estate.
At the end of Monday’s trade, Randgold Resources Ltd. (ADR) (NASDAQ:GOLD)‘s shares dipped -3.00% to $57.80.
Randgold Resources Limited (GOLD) and AngloGold Ashanti Limited (“AngloGold Ashanti”) have concluded an investment agreement (the “Agreement”) aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana. In terms of the Agreement, Randgold will lead and fund a development plan designed to rebuild Obuasi as a viable long-life mining business with an attractive cost structure and returns.
Obuasi, located in the Ashanti region of Ghana 320 kilometres northwest of the capital Accra, is a large, high-grade deposit with proven and probable ore reserves (as stated by AngloGold Ashanti in their 2014 Annual Report) of 24.53Mt at 6.70g/t for 5.29Moz, part of a substantial mineral resource base. In 2012, AngloGold Ashanti initiated a programme to modernise the mine, principally by starting to develop a ramp access that will ultimately run from surface to high-grade blocks of ore underground. The ramp will supplement current vertical hoisting infrastructure and assist debottleneck the underground operation by allowing for greater ease in transporting people and materials underground, and transporting ore to surface. This is a necessary step ahead of the envisaged transformation of the mine into a modern, mechanised operation.
Randgold Resources Limited explores and develops gold deposits in Sub-Saharan Africa. It holds interests in the Morila gold mine, the Loulo gold mine, and the Gounkoto gold mine, which are located in Mali, Western Africa; Tongon mine located within the Nielle exploitation permit in the north of Côte dIvoire; Kibali mine located in the Democratic Republic of Congo; and the Massawa project located in Senegal .
Firstmerit Corp (NASDAQ:FMER), ended its Monday’s trading session with -1.01% loss, and closed at $17.70.
Sandy Pierce, vice chairman of FirstMerit Corporation (FMER) and chairman and CEO of FirstMerit Michigan, has been named one of the Most Powerful Women in Banking for 2015 by American Banker magazine. This is the second year in a row Pierce has been named to this list in her positions at FirstMerit.
Pierce was honored for her accomplishments at FirstMerit in addition to her civic involvement in her hometown of Detroit. She also was recognized for using her upbringing to her advantage: the youngest of 10 children, Pierce was raised by her parents above the tavern they ran in downtown Detroit and was the only one of the children to go to college. With a unique combination of college education and street smarts, Pierce advanced through the ranks over the course of her career in banking and expanded her influence through her years of civic leadership in Detroit. Giving back to the city, state and industry that have shaped who she is recently isn’t just second nature, it’s a top preceding.
FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers.
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