Manufacturing News

Cargill, MacMillan heirs get a best-in-years windfall from Cargill payouts
Agribusiness giant Cargill Inc. paid its family owners $643 million in dividends in the most recent fiscal year — the company's biggest payout since 2010 — after posting a two-year run of strong profits. Bloomberg reports on the windfall for the 125 Cargill and MacMillan members who control the Minnetonka-based company, which works out to about $5 million per person on average. The total was up from $551 million the year before and is the highest since 2010, when Cargill paid out a record…
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'Fear-mongering' campaign, mounting legal costs push feedlot business to close
Lone Jack-based Valley Oaks Steak Co., which proposed a dramatic expansion of its feedlot so that it could process up to 6,999 head of cattle, is closing. The family-owned meatpacking and feedlot company announced in a Facebook post Monday that it is shutting down, KCUR reports. Valley Oaks employs about 80 people on its 400-acre operation. The company had proposed expanding its feedlot to hold up to 6,999 head of cattle, which is one animal shy of the amount that requires an odor plan. However,…
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Medtronic boosts outlook after strong quarter
Medtronic reported better-than-expected sales for its fiscal first quarter and raised its full-year earnings guidance as the med-tech manufacturer recorded stronger performance in its minimally invasive therapy businesses. MarketWatch has an early report on the numbers from Medtronic, which posted earnings of 864 million, or 64 cents a share, down from $1.08 billion, or 79 cents a share in the same period a year ago. Excluding one-time items, adjusted earnings rose to $1.26 from $1.17, above analyst…
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Cargill, MacMillan heirs get a best-in-years windfall from Cargill payouts
Agribusiness giant Cargill Inc. paid its family owners $643 million in dividends in the most recent fiscal year — the company's biggest payout since 2010 — after posting a two-year run of strong profits. Bloomberg reports on the windfall for the 125 Cargill and MacMillan members who control the Minnetonka-based company, which works out to about $5 million per person on average. The total was up from $551 million the year before and is the highest since 2010, when Cargill paid out a record…
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About 2,100 complete daunting task of submitting medical marijuana applications
Frantic entrepreneurs seeking Missouri medical marijuana business licenses were up against a tight deadline on Monday — and a mountain of paperwork.
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DeSantis: Florida better prepared for recession
As state economists warn that the economy is slowing, Gov. Ron DeSantis believes Florida is better positioned for a recession than it was a decade ago. Speaking at the Florida League of Cities' annual conference on Friday, the Republican governor pointed to the state continuing to hold top-line credit ratings and receiving positive media comparisons to Northeastern states for its “fiscal plans,” and for having amassed a sizeable reserve amid a record $90.3 billion spending plan for the current…
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