What Tyson Foods Buying Hillshire Brands Would Mean for Consumers

Tyson Foods Inc. beat out competitor Pilgrim’s Pride Corp. (NASDAQ:PPC) in a bidding process that sent the final acquisition price of Hillshire Brands Co. soaring from Tyson’s initial $50 per share offer to $63 per share. Tyson

1. The Biggest Meat Deal Ever Could End Up Hurting Consumers

At $8 billion, the proposed acquisition of Hillshire Brands by Tyson Foods would be the largest ever in the meat industry. Shareholders are poised to benefit, but some analysts aren’t sure it is as good idea for consumers.

2. North American Shale Oil Boom to Dominate OPEC Talks This Week

opec-conference OPEC Secretary General Abdullah al-Badri addresses a news conference after an OPEC meeting in Vienna May 31, 2013. Leonhard Foeger/Reuters

The North American energy boom is likely to be the major topic of discussion for OPEC ministers when they meet this week in Vienna, and experts expect the cartel to leave production quotas and their price target unchanged.

3. Fisher Hired as Knicks Coach, But Now What?

fisher Derek Fisher previously served as president of the NBA players union. Reuters

Veteran point guard Derek Fisher has agreed to become the new head coach of the New York Knicks on a five-year contract worth $25 million. Fisher will reunite with new Knicks president Phil Jackson, who coached the 39-year-old when the two were with the Los Angeles Lakers.

4. ‘Transformers: Age of Extinction’ Heralds the Global Blockbuster

transformers-china A still from "Transformers: Age of Extinction" shows off an action sequence set and filmed in China. Paramount Pictures Paramount Pictures

If Hollywood wants to appeal to the Chinese market, it has to do more than tack on “made-for-China” scenes in post-production -- it has to consider Chinese audiences every step of the way.

5. Did Eugene Pass the Turing Test?

bombealanturing A British Turing Bombe machine is seen functioning in Bletchley Park Museum in Bletchley, central England on Sept. 6, 2006. Alessia Pierdomenico/Reuters

The University of Reading in England announced Sunday that a “historic milestone” had been reached for artificial intelligence, but not everyone is convinced. The British school claimed that in a competition held there Saturday, a “supercomputer” called Eugene fooled more than 30 percent of the human judges after a five-minute text conversation.