GFM Network News


Beef processor cuts deal with ABC in ‘pink slime’ defamation case

Reuters — Beef Products Inc. has settled a closely watched defamation lawsuit against American Broadcasting Co. and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed that ABC, a unit of Walt Disney Co., and Avila defamed the company by calling its ground-beef product “pink slime” and making errors and omissions […] Read more

U.S. authorities raid Caterpillar’s Illinois facilities

Chicago | Reuters –– U.S. federal law enforcement officials searched three facilities of heavy machinery manufacturer Caterpillar on Thursday, prompting a sharp sell-off in the company’s stock. A spokeswoman for the U.S. Attorney Office for the Central District of Illinois, Sharon Paul, confirmed that federal law enforcement officials conducted searches at locations in Peoria, East […] Read more