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Home Investment

Investment firm TIAA paying $97 million to settle claims of misleading investors

GrR by GrR
July 15, 2021
in Investment
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Investment firm TIAA paying $97 million to settle claims of misleading investors
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Reuters

Smithfield Foods stops slaughtering pigs at U.S. hometown plant

CHICAGO (Reuters) -Smithfield Foods, the world’s largest pork processor, has stopped slaughtering pigs in the United States’ so-called ham capital, where the company was founded 85 years ago. The end of slaughtering in Smithfield, Virginia, is the latest reconfiguration for the company’s namesake plant and follows a months-long internal review of its East Coast operations, Smithfield Foods said in a statement. The company, owned by Hong Kong-listed WH Group, is shifting slaughtering to some of its 47 other U.S. facilities and spending $5 million to upgrade the Virginia plant to produce more packaged bacon, ham and other pork products, said Keira Lombardo, chief administrative officer.



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