Tag Archives: Pork

Large American Pork Producer Sold to Chinese

Virginia-based pork producer Smithfield Foods (SFD.N) entered an agreement with China’s Shuanghui International for a $4.7 billion, all-cash buyout. Smithfield has been under pressure from it’s largest shareholder, Continental Grains, to break into multiple companies and increase its dividend. The meat producer opted to sell out to foreign interests. The deal will likely lead to… Read More »

Remember John Murtha’s Airport? You’re Gonna Love THIS…

Ever wonder why we have to borrow so much money from the Chinese? From ABC/Yahoo News: The Murtha Airport in Johnstown, Pa., is a prime example of taxpayer spending that refuses to die. Representative John Murtha steered some 150 million of taxpayer dollars to this eponymous airport over the last decade and despite the fact… Read More »