February 11, 1993 |
The Chester County commissioners say they have not given up on their effort to persuade Tyson Foods to rebuild its poultry processing plant in Cochranville. The $15 million Tyson facility was destroyed in a six-alarm fire last week. The Arkansas company then announced that it would not rebuild, leaving 475 plant employees without a job. "We're still hopeful," said Joseph Kenna, speaking for all three commissioners. "I think it's important that they know we want their company to stay.
February 9, 1993 |
After a six-alarm fire destroyed the Tyson Foods poultry processing plant in Chester County last week, the plant's 475 employees were worried about where they could pick up their latest paycheck. They didn't know it would be their last. Tyson Foods, an Arkansas-based company, has decided not to rebuild its Cochranville plant, one of Chester County's largest employers. When workers went to get their paychecks late last week, they also got a two-page letter in Spanish stating that as of Feb. 1, the day of the fire, they were officially unemployed.
February 2, 1993 |
A six-alarm fire yesterday at Brandywine Foods, a poultry-processing plant in southern Chester County, destroyed the company's main building and left its 475 employees out of work. The plant recently had been purchased by Tyson Foods, an Arkansas-based company that is the world's largest poultry processor. Tyson Foods drew national attention during the presidential campaign when health and environmental experts accused Bill Clinton of going easy on Arkansas poultry producers, especially Tyson Foods, when he was governor of Arkansas.
December 19, 1994 |
NEW YORK 3 DIE, 4 HURT IN QUEENS SHOOTOUT Three people were killed and four others wounded - including two police officers - in a shooting rampage that began in a Chinese restaurant last night, police said. U.S. Rep. Gary Ackerman was eating dinner with his family, and dialed 911 after the gunman ran out. The gunman entered the Tung Shing House in New York City's Queens borough about 9:40 p.m. and fatally shot the cashier in the chest, police said. The manager chased him into the street and was shot in the leg. The suspect then ran down the street, firing on patrol cars.
July 28, 2008 |
LITTLE ROCK - Tyson Foods Inc., the world's largest meat company, saw its profit drop 90 percent for its third quarter because of the rising cost of grain with which to feed chicken. The company earned $9 million, or 3 cents per share, compared with $111 million, or 31 cents per share, in last year's third quarter. Tyson had revenue of $6.8 billion, up from $6.6 billion a year earlier. Analysts surveyed by Thomson Financial expected Tyson to earn 12 cents per share on revenue of $6.99 billion.
December 20, 1994 |
The independent counsel investigating the Tyson Foods affair said yesterday it was far too early to draw conclusions from the allegations of a pilot who claimed the company gave cash to President Clinton. Independent counsel Donald Smaltz was commenting on a report in this week's Time magazine, which quoted a former Tyson pilot as saying he carried envelopes of hundred-dollar bills to Little Rock while Clinton was governor of Arkansas. "It is far too early for any conclusions or inferences to be made as to our office's evaluation of any of the statements reported by Time magazine," Smaltz said in a statement.
November 29, 1992 |
Chester County executives rated the cost of health care as the number one business problem in a survey conducted by the Chester County Chamber of Business and Industry. The other problems cited in the top five were the quality of state government leadership; business taxes; credit, collection and cash flow, and federal regulations. The chamber received replies from 350 executives, representing both members and nonmembers. The results were tabulated by Coopers & Lybrand, one of five co-sponsors of the survey.
November 20, 2012 |
The stock market finally shook its post-election slump. Investors seized on hope that Washington will reach a deal on the federal budget and drove stocks to their biggest gain in two months. A pair of strong corporate earnings reports also helped. The Dow Jones industrial average closed up 207 points, or 1.7 percent. Since President Obama and a divided Congress were returned to power Nov. 6, the Dow had fallen six out of eight days and slid a total of 650 points. Obama and congressional leaders are in talks to avoid going over a fiscal cliff on Jan. 1, when tax increases and mandatory government spending cuts are set to take effect.
May 7, 2013 |
NEW YORK - Bank of America led a rally in big-bank stocks in mostly quiet trading Monday. Stock indexes ended little changed following a record-setting run last week. News that Bank of America and MBIA, a bond-insurance company, had reached a settlement over a long-running dispute propelled both companies' stocks. BofA will pay $1.7 billion to MBIA and extend the troubled company a credit line. MBIA soared 45 percent, or $4.46, to $14.29. Bank of America gained 5 percent, or 64 cents, to $12.88, making it the leading company in the Dow Jones industrial average.