(Reuters) -The largest U.S. egg producer, Cal-Maine Foods (NASDAQ:CALM), is cooperating with a U.S. Department of Justice investigation into high egg prices and whether producers have conspired to raise them, the company said on Tuesday.The DOJ sent Cal-Maine a civil investigative demand last month, the Ridgeland, Mississippi-based company said in a regulatory filing, adding that the eventual sc ...
By Caroline ValetkevitchNEW YORK (Reuters) - Major stock indexes fell on Tuesday as the trade war between the United States and China intensified, while oil prices and the U.S. dollar also eased.The United States said 104% duties on imports from China will take effect shortly after midnight. The news drove up concerns about slowing growth and higher inflation that have pummelled stocks since last ...
Investing.com -- S&P Global Ratings has downgraded Canacol Energy (OTC:CNNEF) Ltd., a Colombian natural gas producer, to ’CCC+’ from ’B-’ amid concerns over the company’s growth prospects and a low reserve replacement ratio. As of Dec. 31, 2024, the company reported a 30% replacement ratio on its proved reserves, equivalent to about 4.2 years of average reserve life at current produc ...
Investing.com -- Moody’s Ratings has lowered the Corporate Family Rating (CFR) of Braskem (NYSE:BAK) S.A. and the rating on Braskem America Finance Company’s Backed Senior Unsecured Global Bonds from Ba2 to Ba3. The outlook for both companies has been revised to stable from negative.The downgrade comes in light of ongoing weaknesses in Braskem’s credit metrics and cash generation, largely ...