The severe winter storm that knocked out Texas’ power grid last month also caused at least $600 million in damages to farms in the state, according to preliminary estimates from
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Pinduoduo recognized for work on alleviating poverty in China
Pinduoduo Inc.February 26, 2021 GMT
SHANGAHI, China, Feb. 26, 2021 (GLOBE NEWSWIRE) Pinduoduo Inc. (“Pinduoduo”, or the “Company”) (NASDAQ: PDD), China’s largest agricultural platform, was recognized for its efforts in alleviating rural poverty.
Pinduoduo was one of three technology companies commended for their contributions to China’s poverty alleviation efforts, according to a central government release. A total of 1,981 individuals and 1,501 organizations, institutions and companies were honored.
“The commendation is both an affirmation and timely reminder of Pinduoduo’s social responsibility to help better the lives of the communities in which we operate in,” said Chen Lei, Chief Executive Officer of Pinduoduo. “We will always dedicate ourselves to do the right things, to create value for society,
Press release content from Business Wire. The AP news staff was not involved in its creation.
Sanderson Farms, Inc. Reports Results for First Quarter of Fiscal 2021
February 25, 2021 GMT
Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the first quarter of fiscal 2021.
Net sales for the first quarter of fiscal 2021 were $909.3 million compared with $823.1 million for the same period a year ago. The Company reported net income of $9.5 million, or $0.42 per share, for the quarter compared with a net loss of $38.6 million, or $1.76 per share, for the first quarter of fiscal 2020.
“Our results for the first quarter of fiscal 2021 reflect continuing challenges presented by the COVID-19 pandemic and higher feed grain prices, but we ended the quarter on a strong note amidst encouraging end-market trends and remain optimistic about the future,” said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. “While market prices for boneless
Press release content from Business Wire. The AP news staff was not involved in its creation.
Altria Announces Pricing of Previously Announced Cash Tender Offers
February 16, 2021 GMT
RICHMOND, Va. (BUSINESS WIRE) Feb 16, 2021
Altria Group, Inc. (“Altria”) (NYSE: MO) today announced the pricing terms for its previously announced cash tender offers for certain of its outstanding senior unsecured notes (each, a “Tender Offer” and collectively, the “Tender Offers”).
Tender Offers
Summarized in the table below are the applicable Reference Yields and Total Consideration to be paid in connection with the Tender Offers for (i) up to an amount that is sufficient (the “Pool 1 Maximum Amount”) to allow Altria to accept for purchase all of its 2.850% Notes due 2022 and 2.950% Notes due 2023 (collectively, the “Pool 1 Notes”) that were validly tendered and not validly withdrawn as of the Early Tender Date (collectively, the “Pool 1 Tender Offers”), (ii) up to an am
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
FOMO CORP. Acquires Assets of Independence LED Lighting
FOMO CORP.February 16, 2021 GMT
Chicago IL, Feb. 16, 2021 (GLOBE NEWSWIRE) FOMO CORP., (US OTC: ETFM), has acquired the assets of Independence LED Lighting, LLC (“ILED”) for 250,000 restricted Series B Preferred shares valued at $2.5 million. As part of the transaction, FOMO incurs none of the ILED debt obligations.
ILED, a U.S. manufacturer of energy-saving lighting, has a track record of quality installations that include marquis buildings such as Morgan Stanley’s Corporate Headquarters in New York City, MetLife’s offices across the U.S., and many small businesses. U.S Government “mission-critical” installations include over 30 U.S. Navy ships for Military Sealift Command, Marine Corps Base Quantico, the U.S. Department of Veterans Affairs Durham Medical Center, Walter Reed National Military Medical Center, and the