All articles tagged with #jbs
The Justice Department has launched an antitrust investigation into major meatpacking companies, including JBS, Cargill, Tyson Foods, and National Beef, amid concerns over collusion and inflated beef prices, with President Trump calling for scrutiny of their practices.
A billionaire behind JBS warns that the U.S. is struggling to meet its high demand for protein, leading to increased meat imports from Brazil and other countries, amid record-high beef prices and declining cattle numbers in the U.S.
JBS, the world's largest meatpacker from Brazil, has made a significant comeback and is now listed on the New York Stock Exchange, with some attributing its resurgence to the deal-making era of President Trump, despite ongoing legal issues related to corruption, price-fixing, child labor, and environmental crimes.
Brazilian meat giant JBS made its U.S. public debut on the NYSE at $13.65 per share, valuing the company at around $30 billion, surpassing Tyson Foods. The company, with a history of corruption scandals and a complex reorganization, finally listed after years of planning, despite opposition and regulatory hurdles, and now trades under the ticker 'JBS'.
JBS, the world's largest food company, is planning to list on the NYSE to expand its market share in America, potentially increasing its influence but also facing environmental and political challenges.
Multiple immigration raids by ICE were reported at plants in Omaha, including Glenn Valley Foods and JBS, with law enforcement assisting and community members affected; authorities confirmed cooperation and ongoing investigations.
New York Attorney General Letitia James is suing JBS, the world's largest meat producer, for allegedly engaging in "greenwashing" by making false claims about plans to become more environmentally friendly, including a "net zero by 2040" campaign. The lawsuit states that JBS hasn't developed a feasible plan to achieve this goal and accuses the company of using misleading statements to capitalize on consumers' desire for environmentally friendly choices. The lawsuit seeks to halt the campaign and recover profits from deceptive practices, posing a setback to JBS's pursuit of a New York Stock Exchange listing.
New York state Attorney General Letitia James has sued beef producer JBS for allegedly making "fraudulent and illegal" marketing claims about its climate efforts, despite lacking a feasible plan to achieve its climate commitment. The state is seeking to stop JBS from deceptive advertising and is also pursuing civil fines and other penalties. This legal action comes after the Better Business Bureau's National Advertising Division recommended that JBS cease claiming to be "net zero by 2040" due to a lack of evidence of a credible plan to achieve this goal.
The state of New York is suing JBS, the world's largest meatpacker, over allegations of misleading customers with sustainability claims, including a plan to reach net zero carbon neutral standards by 2040. The lawsuit accuses JBS of "environmental greenwashing" and claims that the company has no viable plan to meet its commitment. JBS, which is controlled by Brazil's Batista brothers, has faced opposition to its plan to list its US arm on the New York Stock Exchange due to environmental concerns. The lawsuit seeks disgorgement of ill-gotten gains and penalties for misleading the public about their business practices.
New York Attorney General Letitia James filed a lawsuit against meat producer JBS, alleging that the company made misleading environmental claims to boost sales, including falsely advertising its commitment to achieving net zero greenhouse gas emissions by 2040. The lawsuit seeks to end JBS's "Net Zero by 2040" campaign, return profits from deceptive practices, and impose civil penalties. JBS has disagreed with the action, stating its commitment to sustainability, while lawmakers in the US and UK have raised concerns about the company's environmental impact and deforestation in the Amazon rainforest.