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World Equity NewsEquities Org UKMortgages, insurance, and loans for the self-employed and students Equities Org equities news has moved! How to quickly sell your house London equity markets make small gains Eurofirst highest since May 2002 Eurofirst makes small gains as Xetra Dax down Eurofirst slightly higher as elections approach London strong on double witching hour NYSE sees little movement on investor caution European equities investors worried by elections NYSE equities down on economic data Nikkei down on post-election profit-taking Nikkei down on post-election profit-taking Economic concerns hit Eurofirst and Xetra Dax Japanese elections boost Tokyo indices Xetra Dax sees fall in Allianz Utilities focus on FTSE Dow Jones sees little movement Analysts suggest Katrina will stimulate economy Investors settled by Japanese polls Banking and utilities see gains on Eurofirst FTSE makes small gains on mergers Investors consider construction boom after hurricane Investors wait in Sunday's election Eurofirst drops from 38-month highs UK Equities down despite monetary policy decision London FTSE makes only small gains Investors consider Katrina economy impact FTSE gains to three-year high |
15/07/05Tyson Foods up on Canadian cattle import rulingA decision handed down by the US 9th Circuit Court of Appeals late Thursday afternoon that immediately ended the ban on importation of Canadian cattle into to the US due to fears of mad cow disease sent shares of Tyson Foods Inc. soaring on Friday morning. The stock gained 7.5 percent, or $1.39 to trade at $19.91 on the New York Stock Exchange early in the day. Under the decision, Canadian cattle might begin to enter the US as early as the end of the summer, according to analysts. Tyson said on Friday that it is waiting for information from the US Department of Agriculture for details of how and when the border will be reopened to cattle. The company plans to resume importation of cattle as soon as practically possible. The ban, according to one analyst, had severely cut Tyson’s capacity because there just were not enough cattle to process. Tyson, the worlds largest chicken producer, began processing beef in 2001 and beef is now the largest proportion of its business. Before the ban, the US had imported about 2 million head of cattle per year from Canada, approximately 8 percent of the cattle slaughtered in the US annually. The ban on importation came in May 2003 after traces of bovine spongiform encephalopathy (BSE), or mad cow disease, were discovered in a cow born in Alberta. |
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