Conagra in Talks to Sell Hebrew National Hot-Dog Brand
Conagra is discussing the sale of the Hebrew National brand to JBS of Brazil for about $700 million, a media report says.
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Food giant Conagra Brands (
CAG) - Get Report is discussing the sale of its Hebrew National hot dog brand to JBS (
JBSAY) of Brazil for about $700 million, a media report says.
A transaction also could include the Egg Beaters and Odom’s Tennessee Pride brands, people familiar with the matter told The Wall Street Journal.
To be sure, it’s no done deal that Conagra will sell any of the three units to JBS, the biggest beef processor in the U.S., or at all.
Shares of United Natural Foods (
UNFI) - Get Report were rising on Thursday after the food wholesaler said it had extended its distribution tie-up with Amazon s (
AMZN) - Get Report Whole Foods until Sept. 2027, as demand for healthy food at home continues to rise.
The existing contract between the two companies was set to expire in October 2025.
Shares of the Providence, R.I. company were climbing 5.77% to $30.04 at last check during trading. This extension allows both companies to maintain focus on what is most important: continuing to meet the growing demand for healthy food at home as we navigate through the global pandemic,” said UNFI Chairman and Chief Executive Steven L. Spinner, in a statement.
Shares of coffee maker Starbucks (
SBUX) - Get Report fell after hours Tuesday after the company reported mixed first quarter results.
The Seattle-based company reported first quarter revenue of $6.75 billion with earnings of 61 cents per share. Analysts were expecting Starbucks to report revenue of $6.93 billion with earnings of 55 cents per share.
“I am very pleased with our start to fiscal 2021, with meaningful, sequential improvements in quarterly financial results despite ongoing business disruption from the pandemic, said CEO Kevin Johnson. Investments in our partners, beverage innovation and digital customer relationships continued to fuel our recovery and position Starbucks for long-term, sustainable growth.”
By Sam Kemmis, Elina Geller and Sally French
The travel world as we knew it won’t be back for some time and credit card issuers had to zig and zag their way through 2020 to bring value to customers in the new normal. We saw things like the addition of Peloton (
PTON) - Get Report partnerships, travel credits used at grocery stores, discounted streaming services and even credit statements for Dell (
Why stop there? As travel hopes to slowly rebound in 2021, credit card companies would be smart to continue to find new ways to improve the value of their travel cards. With that said, as NerdWallet travel writers, here are new credit card perks we’d like to see come to fruition in 2021: