Brazil beef barons’ Wall Street listing caps a return from exile

Brazil beef barons’ Wall Street listing caps a return from exile

Meat packer JBS began trading on the New York Stock Exchange on Friday

Brazilian meatpacker JBS begins trading on the New York Stock Exchange on Friday, capping a stunning comeback by brothers Joesley and Wesley Batista less than a decade after they were jailed in a record-breaking corruption scandal and forced into the backseat of their global food empire.










(Dave Bedard photo)

McDonald’s sues major beef producers in US price-fixing lawsuit

Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that the meatpackers, also including Cargill […] Read more