17 nonprofits, 9 in state, get Tyson gifts
Tyson Foods Inc. is donating nearly $400,000 to 17 nonprofit organizations in 10 states, with about half the money going to Arkansas-based groups.
The Springdale-based company is awarding $195,748 to nine Arkansas nonprofits, including community foundations, educational institutions and emergency medical services.
Tyson's efforts are centered on building healthier communities, addressing food insecurity, and helping company workers nationwide, Tyson spokesman Derek Burleson said.
The largest single donation -- $46,660 -- went to Tyson's Upward Academy program, part of the Ozark Literacy Council, which caters to immigrant plant workers who are not fluent in English.
Other organizations that received more than $20,000 in donations, including two family shelters in Northwest Arkansas, include the House of Hope Rescue Mission in Springdale, for feeding and assisting the homeless, and the Peace at Home Family Shelter in Fayetteville, for Tyson chaplain training to manage domestic abuse related to employees.
Grants totaling $43,500 were given to the Rogers, Springdale and Clarksville school districts, which will use the money for training programs, classroom enrichment and enrollment support for select students.
Outside of the state, Tyson donated $25,000 to a Catholic Charities food pantry in Omaha, Neb., and $23,500 to a food bank in Nashville, Tenn.
-- Nathan Owens
FedEx still on mend after cyberattack
Information systems in FedEx Corp.'s TNT unit may never fully recover from a June cyberattack, the company said in a statement Monday, and the amount of lost revenue was still being evaluated.
While TNT facilities are operating, customers are still experiencing "widespread" service and invoicing delays, FedEx said in its statement. A significant portion of TNT operations are using manual processes, the company said.
"We cannot yet estimate how long it will take to restore the systems that were impacted, and it is reasonably possible that TNT will be unable to fully restore all of the affected systems and recover all of the critical business data that was encrypted by the virus," the Memphis-based courier said.
The Petya virus affected TNT through tax software used in Ukraine. Other operations haven't been affected by the attack, said FedEx, owner of the world's largest cargo airline. The company said it found no evidence of a data breach or data lost to third parties.
The June cyberattack demanded $300 in cryptocurrency to unlock infected computer networks. The virus spread throughout Europe before jumping to the U.S. and eventually reaching Asia and South America.
-- Bloomberg News
China's metals output hits high note
China's old economy is displaying renewed vigor. Output of steel and aluminum hit records last month, with mills and smelters boosting run rates of the products used to make buildings, cars and appliances just as the Trump administration in the U.S. considers steps to roll back imports.
Output of crude steel was 80 million tons in June, 5.7 percent more than a year earlier, and up 4.6 percent to 462 million tons in the first half, China's statistics bureau said Monday. Supply of aluminum rose 7.4 percent to 2.93 million tons last month, and gained 8.8 percent to 16.84 million tons over the six months. China is the world's biggest maker of both.
The unprecedented performance from the country's metals industry comes as China's gross domestic product topped estimates in the second quarter. The nation's steel mills are in a sweet spot, with larger suppliers ramping up output after a crackdown on the informal sector triggered a shortage of some products, aiding prices.
President Donald Trump's administration has decisions pending on both steel and aluminum, blaming China for overproducing and creating global gluts. Earlier this month, Trump told reporters that China, as well as other countries, are "dumping steel and destroying our steel industry, they've been doing it for decades, and I'm stopping it. It'll stop."
-- Bloomberg News
Somalia's Net on after 3-week hiatus
HARGEISA, Somalia -- Somalia's Internet service has been restored after a three-week system failure that cost the Horn of Africa nation about $10 million a day, authorities said Monday.
Hormuud Telecom, the country's largest telecom company, announced the restoration of service in a message to subscribers.
The loss of Internet service sparked anger across Somalia and affected the central and southern parts of the country including the capital, Mogadishu. The government called it a "major disaster."
Officials and Internet providers attributed the problem to a commercial ship that they said cut an undersea cable.
Major companies reported millions of dollars in revenue losses. University studies were disrupted.
The Internet failure also complicated efforts to fight a nationwide drought that has half of the country's 12 million people in need of assistance.
-- The Associated Press
Business on 07/18/2017