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SiriusXM Not Interested in Big Acquisitions, Says CFO

“Our organic growth opportunities are still massive,” David Frear, SiriusXM CFO, told the Citi Global TMT West Conference in Las Vegas during a session that was webcast” writes Etan Vlessing for billboard.com. The satellite radio operator’s finance chief added he saw no evidence that major business acquisitions were an efficient way to similarly grow his company.And he warned against diversifying into businesses markedly different from SiriusXM’s core satellite radio business.U.S. pay-radio operator SiriusXM on Wednesday said it was unlikely to do any major mergers or acquisitions anytime soon.Then you take…

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Sodexo revenue falls; confirms full-year outlook

“France’s Sodexo SA (SW.FR) said Thursday that revenue in its fiscal first-quarter fell 2.6% from the year-earlier period, largely due to a slowdown of its education business” writes Marc Navarro for marketwatch.com. It said it expects an organic revenue growth of between 2% and 4%, excluding the 53rd-week impact in North America, and to maintain its underlying operating profit at 6.5%.Food-delivery company FoodCheri will continue to be managed by its cofounders, Sodexo said.The food-services and facilities-management company said revenue for the three months ended Nov. 30 was 5.31 billion euros…

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How to avoid wasting money on fake organic food

“A top-rated farm goes above and beyond the requirements for organic certification, whereas operations rated fair or poor have questionable compliance with USDA organic regulations” writes Kelsey Sheehy for marketwatch.com. Others want to eat healthier and believe organic food is better in that regard.Taking these steps requires more effort — sometimes much more effort — than simply looking for a green-and-white USDA organic seal.You’ll be supporting the organics movement even if some conventionally grown food slips through to your shopping cart.Major supermarkets, including Wal-Mart WMT, +0.97% and Safeway, also source…

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General Mills raises its full-year organic sales growth forecast

“(Reuters) – General Mills Inc raised its full-year organic sales growth forecast and reported second-quarter sales that topped Wall Street estimates, helped by strong demand for its cereal and snack brands such as Lucky Charms and Nature Valley” writes Gayathree Ganesan for businessinsider.com. Shares of the Minneapolis-based company rose 2 percent to $58.90 before the bell on Wednesday.The company said it now expects fiscal 2018 organic sales growth to be between flat and down 1 percent, better than its prior forecast of a decline of 1 percent to 2 percent.Snack…

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‘Organic’ eggs don’t require chickens to have open-air pens, USDA says

“But how much space, and what kind, each hen gets is crucial to the $5.5 billion egg industry” writes Los Angeles Times for seattletimes.com. In early November, the USDA quietly shelved a rule that would have given consumers a bit more of what they assume is part of organic eggs — open air.Most of those eggs come from the titans of the egg industry, such as Herbruck’s Poultry Ranch in Michigan and Mississippi-based Cal-Maine.The Agriculture Department is allowing factory egg farms, some with 100,000 hens to a barn, to earn…

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Why Thanksgiving dinner guests may be even more insufferable this year

“Sales for natural and organic turkeys grew 153% more during the three weeks leading up to Thanksgiving last year, with $26 million in sales during the weeks leading up to Thanksgiving, according to market research group Nielsen” writes Alessandra Malito for marketwatch.com. Organic foods have higher production and post-harvest handling costs. Source: marketwatch.com Share This:

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Best-laid plans to give chickens room to run are shelved with USDA organics rule

“But how much space, and what kind, each hen gets is crucial to the $5.5-billion egg industry” writes Geoffrey Mohan for latimes.com. In early November, the USDA quietly shelved a rule that would have given consumers a bit more of what they assume is part of organic eggs — open air.Most of those eggs come from the titans of the egg industry, such as Herbruck’s Poultry Ranch in Michigan and Mississippi-based Cal-Maine. Source: latimes.com Share This:

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Compass shares dip despite profit boost 

“The pipeline of new contracts is encouraging and our focus on organic growth, efficiencies and cash gives us confidence in achieving another year of progress.”” writes Jack Torrance for telegraph.co.uk. Chief executive Richard Cousins said Compass had “another strong year” in which it returned £1.6bn to shareholders.Contract catering giant Compass Group was among the sharpest fallers in the FTSE 100 on Tuesday morning, despite posting a double-digit rise in profits.Pre-tax profits climbed 23pc to £1.6bn and revenues ticked up 15.1pc to £22.6bn in the year to September, after strong growth…

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Sodexo net profit, revenue rise, outlook upbeat

“The food services and facilities management company said that net profit for period was 723 million euros ($853.6 million), compared with EUR637 million a year earlier” writes Anthony Shevlin for marketwatch.com. Landel added that Sodexo was confident of aiming for between 2% and 4% organic revenue growth, excluding the 53rd week impact in North America.France’s Sodexo SA (SW.FR) said Thursday that net profit and revenue for the fiscal year ended Aug. 31 rose, due to strong performance in its benefits and rewards services unit which posted 7.7% organic growth. The…

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Amazon gives Prime members taste of discounts at Whole Foods

“Amazon says it will email Prime members a coupon starting Wednesday to buy organic or antibiotic-free turkeys for about 50 cents a pound cheaper than other customers” writes The Associated Press for seattletimes.com. Amazon says it will also lower prices for all Whole Foods customers on other Thanksgiving staples, such as canned pumpkin and organic sweet potatoes. Source: seattletimes.com Share This:

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