US stocks set to bounce back, dollar in focus U.S. stock index futures pointed to a higher open on Wednesday, following Europe into positive territory shrugging off Tuesday's weak close and a surge in the U.S. dollar.
| By: Jenny Cosgrave
Hormel buys Applegate farms Hormel buys into the natural and organic protein market, snapping up privately-held Applegate Farms for $775-million.
Hormel buying meat producer Applegate Farms for $775M NEW YORK- Hormel Foods is paying $775 million to add natural and organic meats producer Applegate Farms to its roster of food brands that include Spam canned ham, Dinty Moore stew and Jennie-O turkey. Applegate Farms sells deli meats, hot dogs, bacon and sausage, among other products, and says it doesn't use GMO ingredients, feeds its animals a vegetarian diet,...
Source: The Associated Press
CNBC update: World's largest Disney store opens The Drug Enforcement Administration raids "pill mills" in four southern states; ConAgra enters guilty plea in a peanut butter recall; and the world's largest Disney store opens in Shanghai, reports CNBC's Sue Herera.