Connect with us

Business

Karat packaging VP Marvin Cheng sells $290,500 in shares

Published

on

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

IFT names Gunnar Sigge as president

Published

on

IFT names Gunnar Sigge as president

CHICAGO — Gunnar Sigge, PhD, associate professor and head of the Department of Food Science at Stellenbosch University in South Africa, has been named president of the Institute of Food Technologists (IFT). He succeeds Peggy Poole, PhD, who completed her one-year term as president.

Jeffrey Varcoe, PhD, senior vice president, science and technical excellence at The J.M. Smucker Co., takes over as president-elect and will begin his term as IFT president starting on Sept. 1, 2027.

Sigge has been an active volunteer at IFT for many years, and an active leader in the South African Association for Food Science and Technology (SAAFoST) since 1997.

“We are facing incredibly complex and interconnected challenges across the global food system, and no one discipline, sector, or part of the world can address them alone,” Sigge said. “What excites me about taking on this role is the opportunity to build on IFT’s unique ability to connect people and perspectives from across the global food science community. There is so much we can learn from one another, and I believe IFT has an important role to play in creating those connections, equipping food science professionals with the knowledge and resources they need, and bringing credible science to the conversations shaping the future of food.”

Advertisement

Sigge was a member of the IFT board of directors from 2021-24. He also served on the Annual Meeting Scientific Program Advisory Panel (AMSPAP), Divisions Champions Team, the Inclusive Systems Review Task Team, as well as the International Division leadership team.

In South Africa, he has been involved with several other scientific organizations, including the International Water Association (IWA), the Institute of Packaging South Africa (IPSA), the Water Institute of South Africa (WISA), and the South African Society for Dairy Technology (SASDT). His research interests include food processing, food processing wastewater treatment, sustainable water-use in the food industry, food safety, and novel disinfection systems for food and irrigation water. He was also integral to the establishment of Stellenbosch University’s master’s program in food and nutrition security.

Sigge received bachelor’s, master’s and doctoral degrees in food science from Stellenbosch University. Since 2009, he has been chair of the Department of Food Science where he has mentored and guided some of South Africa’s top food science students, including Jana Schreuder, Institute of Food Technologists Student Association (IFTSA) immediate past president.

“Gunnar brings a valuable global perspective, deep scientific expertise, and a strong understanding of the opportunities ahead for IFT and the food science community,” said Christie Tarantino-Dean, chief executive officer of the IFT. “Our board plays an important role in shaping IFT’s strategic direction, and we are fortunate to have leaders who are deeply committed to our mission and generous with their time and expertise. I look forward to partnering with Gunnar and the board as we continue to strengthen IFT and position the organization for the future.”

Advertisement

Varcoe has been involved in many professional and community-oriented organizations, including the American Frozen Food Institute, Mitchell Hamline School of Law’s Food Law & Policy Institute Advisory Committee, Advisory Council for the University of Minnesota’s Department of Food Science and Nutrition, Southwest Minnesota Workforce Council, and the Canby (Minnesota) High School Blue & Gold Foundation.

Prior to joining J.M. Smucker, he spent 21 years at Schwan’s Co. where he held a variety of technical leadership roles, including vice president of food safety and quality, vice president of manufacturing technical services, director of research and development, director of food safety and microbiology, and manager of food safety.

“IFT and the people within this community have given a great deal to me throughout my career,” Varcoe said. “Some of my earliest connections to IFT came through mentors who showed me the value of being part of this community, and that has stayed with me. Serving as president-elect is an opportunity to give back to a profession that has given so much to me and to bring the perspective I’ve gained over 25 years in food manufacturing to help IFT continue to evolve and serve its members.”

Varcoe received his bachelor’s and master’s degrees in biology from Missouri State University and Minnesota State University, Mankato, respectively. He received his doctorate in food science from the University of Minnesota.

Advertisement
Continue Reading

Business

US slaps import ban on Canadian alcohol and other goods

Published

on

Catherine Turnbull is smiling at the camera. She is wearing a pale blue t-shirt and dark framed glasses. Catherine has short light brown hair. She has some bushes behind her with are slightly out of focus.

The US is banning Canadian products, including alcohol, dairy, and motor vehicles, as Canadian retaliatory tariffs on American goods come into force.

In a series of executive orders on Tuesday, US President Donald Trump wrote that “Canada is discriminating in fact against the commerce of the United States,” and ordered the ban, which comes into effect on 29 September.

Earlier on Tuesday, Canada Prime Minister Mark Carney said in a video address that Canada’s pivot away from the US as its largest trading partner “will come at a cost”.

Both US and Canadian officials have said they would like to strike a deal, but no new talks have been scheduled since negotiations collapsed in late August.

Advertisement

This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version.

You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on X, external to get the latest alerts.

Continue Reading

Business

Beef business weighs on Tyson Foods

Published

on

Beef business weighs on Tyson Foods

SPRINGDALE, ARK. — As the final days of Tyson Foods’ fiscal year wind down in September, executives revealed a revised, gloomier outlook for its Beef business segment beyond the projected loss of between $500 million and $650 million announced as part of its third-quarter report in early August.

The company is now projecting a loss of between $625 million and $775 million. The company’s share price on the New York Stock Exchange on Sept. 3 dipped more than 7% in afternoon trading after the new outlook was announced, which included companywide adjusted operating income expectations declining from $2.1 billion to $2.3 billion, as of Aug. 3, to between $1.85 billion and $2.05 billion.

“The revised outlook is primarily driven by significant margin compression amid volatile cattle prices and one of the most severe cattle shortages in US history, as well as the expected impact of lower cattle prices on the value of live cattle inventories,” the company said.

The outlooks for the company’s other segments also were revised, including Chicken to between $1.85 billion to $1.95 billion (down from $1.9 billion to $2.05 billion), and Pork to between $200 million to $250 million (down from $250 million to $300 million). The company’s outlook for its Prepared Foods ($1.30 billion to $1.35 billion) and International ($150 million to $200 million) segments did not change.

Advertisement

Tyson’s leadership addressed the company’s recent efforts to reduce costs with plans to improve its financial performance in the coming fiscal year.

“The Beef pressures that have intensified this quarter reflect industry-wide cattle-cycle dynamics that required decisive action,” said Donnie King, president and chief executive officer.   “As announced in August, we are restructuring our Beef network around three strategically located facilities in the central United States to create a more efficient and competitive footprint for the long term. We expect these actions to begin reducing operating cost pressures as we enter fiscal 2027.”

The company said challenges in the foodservice sector are the result of more cautious consumer spending, but its Chicken segment is reaping the benefits of customer partnerships and adding to its value-added product mix.

With a glut of pork available in the current market, prices and product values have declined, outpacing lower production costs and limiting profitability.

Advertisement

Meanwhile, the company said its Prepared Foods and International business segments continue to thrive in an environment that has consumers seeking value as the cost of living continues to rise.

“Our diversified, multi-protein portfolio helps us manage pressure from individual commodity cycles,” King said. “We enter fiscal 2027 with a healthy balance sheet, continued momentum in our branded businesses and a clear strategy to drive long-term growth.” 

Continue Reading

Business

Amazon sued over alleged discrimination against pregnant workers

Published

on

Amazon sued over alleged discrimination against pregnant workers

Amazon has been accused of discriminating against potentially thousands of pregnant employees by allegedly firing or retaliating against workers seeking additional accommodations, according to a nationwide class-action lawsuit filed Tuesday. 

The lawsuit, brought by four former hourly warehouse employees, alleged that the retail giant violated the federal Pregnant Workers Fairness Act and New York state law, which require employers to provide reasonable accommodations to pregnant workers without penalty. 

Advertisement

“This case arises from Amazon’s systematic, company-wide failure to accommodate pregnant workers and its deliberate policies of retaliation against workers who seek pregnancy accommodations,” the lawsuit stated. 

According to the complaint, Amazon required “unnecessary” medical documentation for every accommodation request, with plaintiffs saying the added requirements often resulted in denials or delays for basic needs such as requests for chairs and bathroom and water breaks. 

AMAZON ACCUSED OF KEEPING HUNDREDS OF MILLIONS IN TARIFF COSTS TO CURRY FAVOR WITH TRUMP ADMINISTRATION

Amazon packages at a warehouse.

FILE — Packages are seen at an Amazon warehouse. The company is facing a class-action lawsuit alleging discrimination against pregnant workers. (Carlos Jasso / Reuters Photos)

The lawsuit also alleges that time off for medical appointments and emergencies is automatically deducted from workers’ limited banks of unpaid time off. Once that time is exhausted, workers can receive termination warnings and ultimately be fired, according to the complaint. 

Advertisement

Amazon’s tracking practices are also under scrutiny. The company reportedly uses handheld scanners to monitor workers’ activities minute-by-minute, including time spent in lactation rooms, according to the suit. The complaint alleges the system could penalize employees for taking legally protected pumping breaks. 

Kelly Nantel, an Amazon spokesperson, rejected the accusations, saying the company approved more than 99.9% of pregnancy-related accommodation requests over the past year. The adjustments included additional breaks, modified duties and seated roles. 

“Ensuring the health and well-being of our employees is one of our greatest responsibilities, and we strive to provide a safe and supportive environment for everyone, which includes supporting tens of thousands of employees with pregnancy accommodations each year,” Nantel told FOX Business. 

The company said accommodations are provided on an individualized basis, adding that the approach is consistent with federal law. 

Advertisement

“Our accommodations policies follow the Pregnancy Workers Fairness Act, and any implication we don’t follow federal law is false and misleading,” Amazon said. 

AMAZON PLANS MASSIVE EXPANSION OF PRIME AIR DRONE DELIVERIES

An Amazon warehouse.

FILE — A general view of the inbound area of an Amazon.com fulfillment center. Amazon has denied allegations that it retaliated against pregnant employees. (Emanuele Cremaschi/Getty Images)

According to the lawsuit, plaintiff Willamina Barclay had a high-risk pregnancy with preeclampsia and severe morning sickness but was denied a seated position. 

Amazon allegedly delayed her request for weeks while waiting for paperwork, with one manager reportedly saying, “If I give you a chair, I have to give everybody else a chair,” the suit said. 

Advertisement

The company then deducted her approved extra breaks and time spent in the emergency room from her unpaid time off (UPT), according to the complaint. She was reportedly fired on June 22, 2025, after her UPT balance fell below zero. 

Plaintiff Kristina Green, who was at risk of preeclampsia, was also denied additional accommodations after a two-month delay, according to the lawsuit. 

Her UPT was drained during unpaid maternity leave and while taking lactation breaks, the complaint said. 

She received a final written warning for about two hours of unverified inactive time and was fired on May 7, 2026, according to the lawsuit. 

Advertisement

AMAZON’S 30-MINUTE DELIVERY PUSH RAISES STAKES IN RACE FOR SPEED

A worker at an Amazon warehouse in California.

FILE — A worker sorts out parcels in the outbound dock at an Amazon fulfillment center. The company says it approved more than 99.9% of pregnancy-related accommodation requests over the past year. (Watchara Phomicinda/MediaNews Group/The Press-Enterprise / Getty Images)

Plaintiff Jennifer Hatch, who had a high-risk pregnancy and asthma, also had four emergency room visits for severe abdominal pain, according to the lawsuit. 

An operations manager allegedly ordered her to stand and refused to let her use an available chair because her accommodation had not been approved, the complaint said. 

Hatch was fired on April 2, 2025, after her UPT balance fell below zero, according to the lawsuit. 

Advertisement

CLICK HERE TO GET FOX BUSINESS ON THE GO

Ticker Security Last Change Change %
AMZN AMAZON.COM INC. 256.97 -1.54 -0.60%

Plaintiff Dazaria Parks, who suffered from pregnancy-related sciatica, was also denied permission to sit, according to the lawsuit.

She was reprimanded by automated monitoring systems for avoiding packages weighing more than 20 pounds and penalized for taking approved medical leave, the complaint said.

Parks was automatically fired on July 13, 2026, according to the lawsuit.

Advertisement

Amazon said it is reviewing each case but maintained that the allegations in the lawsuit do not present the full picture.

“The details provided in this lawsuit do not reflect the full facts of these cases or the reality of our extensive accommodations process,” the company said. 

“While we’re not able to discuss individual employee details, we have conducted thorough internal reviews of each case referenced. We’re limited in discussing ongoing legal matters, however we look forward to a timely resolution of these matters, as extended investigation timelines benefit neither employees nor employers.”

Advertisement
Continue Reading

Business

Xometry at Goldman Sachs Communacopia + Technology Conference 2026: growth, AI and Siemens

Published

on


Xometry at Goldman Sachs Communacopia + Technology Conference 2026: growth, AI and Siemens

Continue Reading

Business

Japan manufacturers’ mood hits near 5-year high on semiconductor demand: Reuters poll

Published

on


Japan manufacturers’ mood hits near 5-year high on semiconductor demand: Reuters poll

Continue Reading

Business

LARRY KUDLOW: Everyone should keep more of what they earn

Published

on

LARRY KUDLOW: Hormuz will not stop history

There are reports that the administration is cooking up a plan to allow married couples with a stay-at-home spouse to collect childcare subsidies, using funds from a Health and Human Services program, also intended to assist working parents. The HHS fund was created a while back to help low income and working-class parents afford child care, so they could go to work.

Under the new plan, parents who stay at home with their children could be eligible for about $9,000 per child each year, by redirecting money from the HHS working parents, to the new stay-at-home parents. Kind of sounds like taking from Peter in order to give to Paul. I don’t think it’s a really good idea.

Advertisement

According to reports, about 80 percent of the 870,000 families who currently get the childcare subsidies, have single working parents, most of them mothers, according to HHS data.

So let’s step back for a moment. I’m for parents having tots. And I’m certainly for work. Both are Godly. But this sounds like big government Republicanism. Too much government directing to this, and too much government directing to that. 

Why not just reform the tax code, and let everybody keep more of what they earn, and then let them decide how to spend their own money? In other words, that means not the government deciding how to spend their money, but letting individuals and families decide how to spend their own money — probably more astutely than the government.

We should be reforming the tax code. Take a police detective and his schoolteacher wife. I’ll bet their combined income is $150,000 to $200,000 a year. That’s good money. But they shouldn’t have to pay a 32 percent tax rate. I’d knock their rate down to 15 percent or 20 percent. In other words, a middle-class tax cut. And by the way, we don’t need seven tax brackets, which is overly complex.

Advertisement

Let’s knock it down to 3 brackets; 10, 20, and 30. Ronald Reagan, more than 40 years ago, left it at 28 percent and 15 percent. If you make $500,000 or $ 600,000 a year, you can pay 30 percent, not 37 percent. The middle bracket is if you make $200,000 or 250,000, you should pay only 15 percent or 20 percent.

The bottom bracket could be 10 percent but nobody really pays taxes there anyway. This would simplify the tax code, clean out a lot of unnecessary IRS flotsam and jetsam. And it’ll let people keep much more of what they earn. It’ll help families, it’ll help their children, and by the way it’ll be a big help to small businesses who pay the individual income tax. And it will keep big government’s nose out of peoples lives.

Continue Reading

Business

Newell Brands Inc. (NWL) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript