Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/314358526?client_source=feed&format=rss
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Saturday, June 22, 2013
The long term benefits of sunscreen have been proved by scientists, whereas pipeline talk has no basis more reliable than their own meandering inexperience (Unqualified Offerings)
U.S. chicken sector boosted by fast-food items, costly beef
By Bob Burgdorfer
CHICAGO (Reuters) - This is a good year to be in the U.S. chicken business. Profits are up, production and prices are rising, fast-food restaurants are promoting chicken dishes, and feed costs appear headed lower thanks to expected large U.S. corn and soybean crops.
High beef prices also have chased many supermarket shoppers to more-affordable chicken.
Healthy profits are expected for chicken companies this year, a sharp turnaround from two years ago when the industry was hurt by the recession and high feed prices.
Surging sales pushed wholesale prices for chicken breasts, the industry's key product, past $2 a pound this spring for the first time since 2004. A USDA report this week shows benchmark breast prices up 36 percent from a year ago at $2.18-1/2 per lb.
"It's the best of both worlds because we have grain prices going down and chicken prices going up. We are looking at a great year for chicken companies," said Paul Aho, economist with the consulting firm Poultry Perspective.
Analysts predict earnings at giant meat producer Tyson Foods Inc will surge to $2.11 per share this fiscal year from $1.58 in 2012, according to ThomsonReuters I/B/E/S. Forecasters expect Sanderson Farms earnings will more than double to $5.67 per share from $2.35 in 2012, with Pilgrim's Pride Corp profit jumping to $1.68 per share from 70 cents in fiscal 2012.
Tyson also produces beef and pork, while Pilgrim's and Sanderson are strictly chicken.
The industry's bottom line should get a boost from falling feed prices. Futures prices indicate corn should sell for below $6 a bushel after the fall harvest and into 2014. Also, USDA is forecasting the farm price for corn in the 2013/2014 crop year (September-August) at $4.40-$5.20.
"We are going to have more corn. We don't know if it will be $4 or $5, but it is not going to be $7," said Aho.
U.S. chicken companies feed flocks about 1.2 billion bushels of corn a year and the soymeal equivalent of 500 million bushels of soybeans.
"Chicken fundamentals remain extraordinary," BMO analyst Kenneth Zaslow said in research report last month. But the report warned that U.S. corn and soybean crops were not yet far enough along to assume feed costs would stay low.
PRODUCTION SLOWLY GOING UP
Chicken companies are responding to prosperity by boosting production. The U.S. Agriculture Department predicts a 2 percent increase this year from 2012 and a 3 percent increase in 2014.
No. 4 U.S. producer Sanderson Farms said it has returned to full production this month at its nine plants for the first time since 2011. Tyson Foods said it tries to balance supply with "forecasted demand."
Companies are being hindered from increasing production even more because recession, drought, and high feed prices in recent years had them cutting breeding flocks. Also, eggs needed to rebuild those flocks have been sent to Mexico, which is repopulating flocks decimated by avian influenza, or bird flu.
Mexico destroyed more than 26 million chickens in 2012 and early 2013, and has been buying millions of U.S. eggs, according to Mexico's Ministry of Economy.
U.S. producers would "like to produce more chickens but we can't get more hatching eggs ... because we don't have the breeder hens laying eggs," said Bill Roenigk, chief economist at the National Chicken Council.
CHICKEN SELLING FAST AT FAST-FOOD
Restaurants have helped drive the chicken industry's prosperity, with new products such as McDonalds Inc's chicken McWraps and Wendy's flatbread chicken sandwich. Last week, McDonalds' said its U.S. sales in May were up 2.4 percent from a year ago due in part to its "wide range of chicken options."
"I think boneless breasts should remain relatively strong through the summer," said Mike Cockrell, Sanderson's chief financial officer. He said restaurants "won't continue promotions forever but these items should stay on the menu."
Supermarket chicken sales have been robust, with record high beef prices pushing shoppers toward lower-cost alternatives, Tyson Foods and Sanderson Farms have said.
Chicken prices in the meat case are up about 10 percent from a year ago, much less than the sharp increase in wholesale chicken prices.
"Eventually I think they will have to pass on some of the (wholesale) prices," Roenigk said. "It appears that there are still retailers that are giving consumers an awfully good bargain on chicken."
USDA price data for May showed boneless breasts averaged $3.429 per lb in stores, versus beef at about $5.24 per lb. A year earlier, breasts averaged $3.123.
(Additional reporting by Michael Hirtzer in Chicago and Adriana Barrera Espinosa in Mexico; Editing by David Gregorio)
Source: http://news.yahoo.com/u-chicken-sector-boosted-fast-food-items-costly-181344216.html
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IHS acquires PFC Energy
IHS Inc. (NYSE:IHS), the leading global source of critical information and analytics, announced the acquisition of PFC Energy, a well-established leader in providing information, insight, and analytical products and services for the oil and gas value chain.
'The acquisition of PFC Energy brings energy information and research depth and strengthens our presence in North America, Europe, Asia Pacific and the Middle East,' said Scott Key, IHS president and chief executive officer. 'For more than 25 years, PFC Energy has built a solid reputation as an integrated information, research and advisory firm covering the oil and gas value chain. This gives us the opportunity to expand the IHS presence in high-growth markets, and to leverage the skills and expertise of regionally located research colleagues who will support the growth of critical IHS energy solutions.'
The emergence of unconventional oil and gas has created a revolution with global impact across all sectors of the energy industry. According to Key, PFC Energy's strong focus on upstream and downstream energy insights will allow IHS to provide new, complementary solutions to support customers' workflows and decisions.
'With PFC Energy, we join forces with a company that already serves a blue-chip client base composed of leading oil, gas and financial companies,' Key said. 'Their market analysis and models integrate seamlessly with our capabilities, enabling IHS to accelerate our current organic development across the entire oil and gas value chain.'
This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More
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Source: http://feedproxy.google.com/~r/NorthAmericaHeadlines/~3/CGwnPBDetcs/372ed0a51738.aspx
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Sunday, June 9, 2013
Equipment operator to be charged in Pa. building collapse
PHILADELPHIA (AP) ? A felon who was allegedly high while operating demolition equipment when a downtown building collapsed and killed six people will be charged with involuntary manslaughter, a top city official said Friday.
Sean Benschop, 42, faces six manslaughter counts along with six counts of risking a catastrophe, six counts of reckless endangerment and other charges, Deputy Mayor Everett Gillison told The Associated Press.
Authorities believe Benschop had been using an excavator Wednesday when what was left of the four-story building gave way and fell on top of a neighboring Salvation Army thrift store, killing two employees and four customers, and injuring 13 others.
A toxicology report showed "evidence that he was high" on marijuana, Gillison said. That finding, combined with witness statements and evidence from the scene, led to the decision Friday to raid his North Philadelphia home and later seek an arrest warrant, he said.
"The D.A. has approved it (his arrest), and my police officers are out looking for him as we speak," said Gillison, the deputy mayor for public safety.
Benschop, who also goes by the name Kary Roberts, has been arrested at least 11 times since 1994 on charges ranging from drugs to theft to weapons possession, according to court records. He was twice sentenced to prison in the 1990s after being convicted on drug trafficking charges. Benschop's last arrest, for aggravated assault, came in January 2012, but the case was dismissed for lack of evidence.
Benschop did not return phone messages left at numbers listed in his name, though he told The Philadelphia Inquirer on Thursday that he couldn't comment because of the investigation.
The victims include a pair of 24-year-old artist friends shopping at the store and a newly engaged woman working her first day there.
Video shot of the scene days before the fatal collapse showed bricks falling onto a sidewalk, which remained open to pedestrians, as a worker used heavy equipment to take out a front wall.
Some blame has been lobbed at demolition contractor Griffin Campbell, whose background includes arrests for drugs, assault and insurance fraud, along with two bankruptcy filings. He was being paid $10,000 for the job, according to the demolition permit.
Campbell violated several federal safety regulations, while building owner Richard Basciano should have picked a more qualified and competent contractor to do the work, said lawyer Robert Mongeluzzi, who represents injured store worker Nadine White in a lawsuit filed against the pair.
"From what we can understand, given (Campbell's) checkered past, and what appears to be a total lack of experience and know-how, we believe that was a grossly negligent selection," said Mongeluzzi, who won court permission Friday to examine the debris after city officials finish their investigation.
The collapse has brought swift and mounting fallout in a city where demolition contractors are lightly regulated. Officials have begun inspecting hundreds of demolition sites citywide, and a city councilman charged that dangerous, under-the-radar tear-downs are taking place throughout Philadelphia.
The city is preparing to implement sweeping changes in its regulations of building demolition, Mayor Michael Nutter said Friday, adding that every active demolition site is being inspected for safety.
The mayor appeared forlorn at the afternoon news conference at City Hall, apologizing to the victims' families for the deaths and promising the city would do better.
"We lack the resources to have a police officer on every corner, or L&I (License and Inspections) at every construction site every hour of the day, (but) we can do much better," Nutter said. "We will not accept the status quo in the face of this tragedy."
Nutter's reform plan for construction sites that includes the random drug testing of heavy equipment operators.
"If that's a factor here, that certainly takes things in a very different direction," Nutter said hours before the charges were confirmed.
The mayor also pledged to adopt tougher background requirements for demolition contractors, including information about each worker's experience, and more frequent site inspections when demolitions are underway.
Construction engineers have said adjacent buildings should be evacuated during critical phases of a demolition project. The other victims also include two immigrants from Africa, a 68-year-old man from Liberia described as a devoted husband and Salvation Army worker, and a 52-year-old woman from Sierra Leone who had nine children and loved to hunt for bargains.
The Salvation Army was concerned enough about the demolition that its attorneys reached out to a lawyer for building owner STB Investments Corp., a company linked to prominent businessman and developer Richard Basciano.
"There was communication between The Salvation Army and the attorney of the neighboring building's owner, pertaining to the demolition. The neighbor assured The Salvation Army that they would be taking proper precautions," Maj. Robert W. Dixon, director of operations of The Salvation Army of Greater Philadelphia, said in a statement Friday afternoon.
"These discussions were never finalized," he said.
___
Rubinkam reported from northeastern Pennsylvania. Associated Press writers JoAnn Loviglio, Kevin Begos and Keith Collins contributed to this report, along with AP's News and Information Research Center.
Source: http://news.yahoo.com/equipment-operator-charged-pa-collapse-224153913.html
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Video: Tropical Storm Andrea Latest
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Source: http://www.nbcnews.com/video/cnbc/52137303/
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Friday, June 7, 2013
Is Android about to lose the exclusive on a top-ranked keyboard to iOS?
If Apple opens up to third-party keyboards, it could allow the iPhone to borrow one of Android's top features
With Apple's Worldwide Developer Conference (WWDC) kicking off next week in San Francisco, speculation is rampant that popular third-party keyboard makers on Android may be courted over to that other ecosystem if Cupertino opens up a proper keyboard API. Following Apple CEO Tim Cook's statements at the recent D11 conference, and a follow-up this week from All Things D, the time might be right for Apple to open up just a tiny bit, and finally allow developers write keyboard apps for the iPhone and iPad.
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Source: http://feedproxy.google.com/~r/androidcentral/~3/DGFiwOJuMHA/story01.htm
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