Latest news with #334
Yahoo
2 days ago
- Business
- Yahoo
Nearly 300 employees out of work after Johnsonville closes packing plant in far south suburbs
MOMENCE, Ill. — A packing plant in the far south suburbs has closed, putting nearly 300 employees out of work. The Momence Packing Company, located at 334 North Street in Momence, was shuttered as of Monday, a spokesperson for Johnsonville, the Wisconsin-based sausage manufacturer, has confirmed. Ground beef sold nationwide possibly contaminated with E. coli The Momence facility was built in 1962 and began producing Johnsonville products in 1995. According to Johnsonville, the closing impacts 274 employees, who were notified Monday and will receive continued pay and benefits for 60 days. 'We made the difficult decision after evaluating how best to optimize our operations network to address current and future growth,' the spokesperson said in a statement. 'The work from this facility will transition to three other production facilities in Wisconsin and Kansas.' Read more: Latest Chicago news and headlines Johnsonville said it plans to demolish the Momence facility by the end of this year. The company also says about 100 new jobs will be created between two of its Wisconsin plants by the third quarter of this year, 20 to 25 new jobs in Sheboygan Falls and 70 to 75 new jobs in Watertown. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Winnipeg Free Press
5 days ago
- Sport
- Winnipeg Free Press
Yelich leads Brewers against the Phillies after 4-hit game
Milwaukee Brewers (31-28, third in the NL Central) vs. Philadelphia Phillies (36-22, second in the NL East) Philadelphia; Sunday, 1:35 p.m. EDT PITCHING PROBABLES: Brewers: Jose Quintana (0-0); Phillies: Ranger Suarez (4-0, 2.97 ERA, 1.19 WHIP, 31 strikeouts) BETMGM SPORTSBOOK LINE: Phillies -180, Brewers +150; over/under is 8 1/2 runs BOTTOM LINE: The Milwaukee Brewers take on the Philadelphia Phillies after Christian Yelich had four hits on Saturday in a 17-7 win over the Phillies. Philadelphia is 36-22 overall and 19-11 in home games. The Phillies have the fourth-best team on-base percentage in MLB play at .334. Milwaukee has a 31-28 record overall and a 13-18 record on the road. The Brewers have the 10th-ranked team ERA in the NL at 4.03. Sunday's game is the third meeting between these teams this season. TOP PERFORMERS: Trea Turner has a .300 batting average to lead the Phillies, and has nine doubles, two triples and five home runs. Bryce Harper is 13 for 37 with a home run and eight RBIs over the last 10 games. Sal Frelick has a .298 batting average to lead the Brewers, and has six doubles, three triples and three home runs. Yelich is 17 for 45 with five home runs and 13 RBIs over the last 10 games. LAST 10 GAMES: Phillies: 6-4, .228 batting average, 5.24 ERA, outscored by eight runs Brewers: 7-3, .279 batting average, 3.67 ERA, outscored opponents by 18 runs INJURIES: Phillies: Bryce Harper: day-to-day (elbow), Aaron Nola: 15-Day IL (ankle) Brewers: Connor Thomas: 60-Day IL (elbow), Jose Quintana: 15-Day IL (shoulder), Blake Perkins: 60-Day IL (shin), Garrett Mitchell: 10-Day IL (oblique), Nestor Cortes: 60-Day IL (elbow), Brandon Woodruff: 15-Day IL (shoulder), Robert Gasser: 60-Day IL (elbow) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Fox Sports
5 days ago
- Sport
- Fox Sports
Yelich leads Brewers against the Phillies after 4-hit game
Associated Press Milwaukee Brewers (31-28, third in the NL Central) vs. Philadelphia Phillies (36-22, second in the NL East) Philadelphia; Sunday, 1:35 p.m. EDT PITCHING PROBABLES: Brewers: Jose Quintana (0-0); Phillies: Ranger Suarez (4-0, 2.97 ERA, 1.19 WHIP, 31 strikeouts) BETMGM SPORTSBOOK LINE: Phillies -180, Brewers +150; over/under is 8 1/2 runs BOTTOM LINE: The Milwaukee Brewers take on the Philadelphia Phillies after Christian Yelich had four hits on Saturday in a 17-7 win over the Phillies. Philadelphia is 36-22 overall and 19-11 in home games. The Phillies have the fourth-best team on-base percentage in MLB play at .334. Milwaukee has a 31-28 record overall and a 13-18 record on the road. The Brewers have the 10th-ranked team ERA in the NL at 4.03. Sunday's game is the third meeting between these teams this season. TOP PERFORMERS: Trea Turner has a .300 batting average to lead the Phillies, and has nine doubles, two triples and five home runs. Bryce Harper is 13 for 37 with a home run and eight RBIs over the last 10 games. Sal Frelick has a .298 batting average to lead the Brewers, and has six doubles, three triples and three home runs. Yelich is 17 for 45 with five home runs and 13 RBIs over the last 10 games. LAST 10 GAMES: Phillies: 6-4, .228 batting average, 5.24 ERA, outscored by eight runs Brewers: 7-3, .279 batting average, 3.67 ERA, outscored opponents by 18 runs INJURIES: Phillies: Bryce Harper: day-to-day (elbow), Aaron Nola: 15-Day IL (ankle) Brewers: Connor Thomas: 60-Day IL (elbow), Jose Quintana: 15-Day IL (shoulder), Blake Perkins: 60-Day IL (shin), Garrett Mitchell: 10-Day IL (oblique), Nestor Cortes: 60-Day IL (elbow), Brandon Woodruff: 15-Day IL (shoulder), Robert Gasser: 60-Day IL (elbow) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. recommended
Gulf Today
13-05-2025
- Business
- Gulf Today
Dubai court obliges real estate firm to return Dhs1.267m to plot purchasers
Dubai Real Estate Court ordered a real estate development company to refund Dhs1,267,000 to two buyers, whom the company had sold a plot of land to build a residential villa but the company failed to deliver the land. The court also rejected the inclusion of a second company in the case, as it provided evidence of returning the amount it had received from the buyers. According to the case documents, the plaintiffs signed a land sale contract to build a residential villa, purchasing a plot from the appellee company for a total of Dhs1,334,000 and on the same date, the second appellee company signed a civil works management services contract with the plaintiffs, committing to construct a villa on the plot. Payments were agreed to be made in three installments and the first company received Dhs1,467,000 from the plaintiffs, including Dhs1,334,000 for the land and Dhs133,000 as the first installment for construction costs. The first company allegedly failed to deliver the land to the plaintiffs and both companies signed a termination agreement for the sale contract and the services management contract, with the first company pledging to refund the amount received from the plaintiffs, but it did not fulfill this obligation. The court noted that the first company did not provide evidence of clearing its debt or returning the amount received, having transferred only Dhs66,000, and thus, it still owes Dhs1,267,000. The court also rejected the inclusion of the second company in the case, as it provided proof of returning the amount it had received from the plaintiffs. Dr Alaa Nasr, the legal representative of the plaintiffs, stated that Article 246 of the Civil Transactions Law obligates contracting parties to fulfill the terms of the contract, and the contractor must execute the contract as agreed.
Yahoo
30-03-2025
- Business
- Yahoo
Meet the Stock I'd Be Comfortable Buying, Even If a Recession Is Coming
If we knew a recession was coming, most investors would stop putting money into the stock market. To be fair, most stocks would likely fall -- at least a little -- if a recession were to arrive in the United States. First, a recession is coming. The only question is whether one happens soon, or at some point in the future. Historically, a recession happens in the United States every six to seven years and is a normal part of the economic cycle. So, it's smart for investors to take a look at recession-resistant investments, regardless of what happens in the coming weeks or months. With that in mind, while nobody can accurately predict when a recession will arrive, one stock that I'd be completely comfortable buying shortly before a recession is Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Not only do I think the Warren Buffett-led conglomerate would perform quite well during a recession, it would be likely to get even stronger because of one. Berkshire is perhaps best known for its massive stock portfolio that features large positions in Apple (NASDAQ: AAPL), Bank of America (NYSE: BAC), Coca-Cola (NYSE: KO), and many others. But Berkshire Hathaway also owns dozens of businesses in their entirety, and most of them are extremely recession-resistant. For example, Berkshire Hathaway is an insurance company at its core, and GEICO is its flagship insurer. Even in tough times, people need to pay their auto insurance. Berkshire Hathaway Energy is one of the largest utility companies in the world, and people need to pay their electric and water bills even in recessions. I could go on, but the idea is that if a recession hit, Berkshire's businesses would generally be fine. Also, don't let Berkshire's $1.14 trillion valuation scare you. This is cheaper than you might think. If we back out the $334 billion in cash and the $290 billion current value of the stock portfolio, we can see that the market is valuing Berkshire's operating businesses at $516 billion. If we back out investment gains from the stock portfolio and investment income from things like fixed-income investments, Berkshire generated $33.8 billion in operating profit last year. This means that Berkshire's operating businesses are valued at just over 15 times earnings -- a very reasonable price for a collection of top-notch businesses, especially with their recession-resistant qualities. Berkshire Hathaway has financial flexibility that no other company in the United States can match. At the end of 2024, Berkshire had $334 billion in cash and equivalents on its balance sheet. Warren Buffett insists on always keeping at least $30 billion in reserves, so do the math -- that's a lot of capital Berkshire could deploy if stocks go on sale or if business valuations fall. In the meantime, Berkshire's cash is generating billions of dollars in interest income every quarter. But it also puts Berkshire in a great position to emerge from a recession even stronger than when it went in. To be perfectly clear, I would feel comfortable buying Berkshire Hathaway even if a recession was coming because not only would its operating businesses generally be fine, the company would likely come out of a hypothetical recession better off. Having said that, I would fully expect some volatility in the stock price if a recession were to happen, and it's entirely possible that Berkshire's valuation would take a temporary hit. But even if it did, I'd sleep soundly knowing that my money was in good hands. After all, the S&P 500 has produced negative total returns in 13 separate years since Buffett took the helm, and Berkshire has outperformed the benchmark index in all but two of them. This is a stock that is set up to perform well in turbulent times, and it has the track record to prove it. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $284,402!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,312!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $503,617!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 Bank of America is an advertising partner of Motley Fool Money. Matt Frankel has positions in Bank of America and Berkshire Hathaway. The Motley Fool has positions in and recommends Apple, Bank of America, and Berkshire Hathaway. The Motley Fool has a disclosure policy. Meet the Stock I'd Be Comfortable Buying, Even If a Recession Is Coming was originally published by The Motley Fool Sign in to access your portfolio
