Hormel ends first quarter on high note

Hormel’s stock nearly doubled over the last year.

By Alison Martin Hormel Foods Corp.’s shares climbed Tuesday after the food maker turned in stronger than expected fiscal first quarter results. In the quarter ended Jan. 24, the manufacturer of consumer-branded food products reported its net income as $235.1 million or 43 cents per share, up substantially from the year-earlier quarter’s net income of […]

Ailing markets signal hard times ahead for Caterpillar


By H. Will Racke Last year was a rough one for Caterpillar Inc. Unfortunately for the heavy machinery giant, a cyclical downturn in the global industries it supplies could make 2016 as bad or worse. The Peoria, Ill.-based firm is the world’s largest manufacturer of construction, mining and energy extraction equipment. Its dominant position in […]