Insights and Stories of jonathan-stempel

Dec. 2, 2022 at 5:13 pm CST

New York | Reuters — A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies, formally ending a criminal sanctions case that strained U.S.-China and Canada-China relations. Meng, whose father Ren Zhengfei founded Huawei and is the telecommunications company’s chief executive, entered […]

By jonathan-stempel, Karen Freifeld

Sep. 29, 2022 at 3:23 pm CDT

Reuters — Smithfield Foods has agreed to pay US$75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. A preliminary settlement in the antitrust case was filed on Tuesday […]

By jonathan-stempel

Aug. 4, 2022 at 3:02 pm CDT

New York | Reuters – Tyson Foods Inc TSN.N, one of the largest U.S. meat producers, is refusing to comply with a subpoena for a civil probe into possible price gouging during the COVID-19 pandemic, New York’s attorney general said on Wednesday. Letitia James, the attorney general, asked a state […]

By jonathan-stempel

Jun. 17, 2022 at 8:18 pm CDT

Reuters — The U.S. Environmental Protection Agency was ordered by a federal appeals court on Friday to take a fresh look at whether glyphosate, the active ingredient in Bayer’s Roundup herbicide, poses unreasonable risks to humans and the environment. In a 3-0 decision, the Ninth U.S. Circuit Court of Appeals […]

By jonathan-stempel

Feb. 2, 2022 at 9:49 pm CST

Reuters — JBS has agreed to pay US$52.5 million to settle litigation accusing meatpacking companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit. The preliminary settlement by the Brazilian company and its U.S. units with so-called direct purchasers […]

By jonathan-stempel