Brasil Foods News
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Shareholders of BRF-Brasil Foods SA, the country’s largest foodmaker, named billionaire Abilio Diniz as chairman as the company seeks to revive growth and boost efficiency.
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Billionaire Abilio Diniz, poised to become chairman of BRF-Brasil Foods SA, has investors betting he’ll steer the country’s top foodmaker toward an overseas expansion and boost profit margins.
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Marfrig Alimentos SA, Brazil’s second-largest foodmaker, posted a fourth-quarter net loss that was higher than analysts expected after the cost of feeding its poultry and hogs jumped.
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BRF - Brasil Foods SA, the world’s largest poultry exporter by volume, rose to the highest in a month after reporting earnings that beat analysts’ estimates because of cost cuts, higher prices and rising exports.
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BRF-Brasil Foods SA, the country’s largest food maker, rose the most in six months after its board nominated as its chairman Abilio Diniz, the chairman of Cia. Brasileira de Distribuicao Grupo Pao de Acucar.
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Brazilian billionaire Abilio Diniz, vying to become chairman of BRF-Brasil Foods SA, is paying the highest premium in at least 2 1/2 years to gain influence with shareholders.
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The Bovespa index snapped its longest losing streak in nine months as exporters including pulp producer Suzano Papel & Celulose SA rallied amid optimism the global economy is poised to improve.
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Emerging-market stocks rebounded from an 11-week low and currencies strengthened as China pledged to increase fiscal spending and investors speculated that exporters will get a boost from U.S. monetary stimulus.
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Bovespa-index futures advanced as higher commodities prices boosted the outlook for Brazilian exporters amid speculation that central banks around the world will continue with measures to support economic recovery.
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BRF - Brasil Foods SA, Brazil’s largest foodmaker, dropped the most in almost four months after a newspaper reported a shareholder conflict over a board appointment.
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