Summit Notebook

Ag committee chair says new faces mean new dynamic on Capitol Hill

March 16, 2011

They are new, enthusiastic and changing the environment on Capitol Hill.

House Agriculture Committee Chairman Frank Lucas says “do not underestimate the effect” of the large number of freshmen lawmakers on his committee, which will sit down to overhaul U.S. farm subsidies next year. USA/

That’s rich. I meant the wine.

June 8, 2010

Jeffrey Rubin

What do gold and wine have in common?

Price.

Well, too high of a high price, according to Jeffrey Rubin, director of research at Birinyi Associates, the stock market research and money management firm.

Will growth in the food industry spur inflation?

March 12, 2010

Food and agriculture companies, having weathered the global economic meltdown, are now facing the prospects that renewed growth will spur renewed inflation.
With costs poised to rise for commodities like wheat and already high for items like sugar and cocoa, packaged foods makers face the task of trying to preserve profits at a time while retailers and consumers are balking at price increases.
Trade battles over U.S. meat and regulatory issues like a tax on soft drinks and push for more accurate disclosure of calories and fat on restaurant boards and food package are also concerns for the industry.

Video – Beef’s double whammy

March 16, 2009

The American beef industry is facing a double whammy of rising input costs as well as a decline in consumer demand as the economic downturn worsens.

Video – Recession resistant foods shine

March 16, 2009

Hormel, like the rest of the packaged foods industry, is seeing a boon as cash-strapped consumers try to save money by eating at home.

Audio – Mexican retailer Soriana focuses on debt

April 3, 2008

soriana.jpgAfter closing one of the biggest deals in the Mexican retail market in a decade by acquiring more than 200 stores from rival Gigante, Soriana plans to focus on keeping a tidy mid-term debt profile.
The Gigante transaction, which helped strengthen Soriana’s position against leader Wal-Mart de Mexico, will slow down the retailer’s organic growth for the next two years but the company hopes store openings will gather speed again in 2010.
Listen to Chief Financial Officer Aurelio Adan speak at the Reuters Latin America Investment Summit about how the company will handle debt in the next five years and the reasons why he thinks Soriana stock is undervalued.

Audio – Tough ride ahead for Mexico’s biggest retailer

April 2, 2008

walmex.jpgWalmex, the Mexican arm of U.S. retail giant Wal-Mart Stores Inc., is set for another tough year amid an economic slowdown that is making it more difficult for customers to buy anything from food to clothing.
In 2007, retailers were hurt by a downturn in the Mexican and U.S. economies. However, Walmex hopes that its first-quarter results will be decent. 
Listen to the company’s Chief Executive Eduardo Solorzano talk about the challenges ahead during Reuters Latin America Investment Summit. 

Audio – Grillin’ Sara Lee on tortillas

March 19, 2008

fraleigh.jpgSara Lee Corp is looking to new types of bread to expand and deepen its reach across parts of the United States.

Audio – The Whole, Wide World!

March 19, 2008

powell1.jpgGeneral Mills says it doesn’t always think of itself as a big company — but one look at its fancy company brochure and you remember just how many products they manufacture.

Audio – P.F. Chang’s faces economic pressures; and a visit from the Queen of Temperance!

March 19, 2008

federico1.jpgDifferent companies are using different methods to deal with the withering U.S. economy and still draw in customers.