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Stock impact report

Data rigging is latest Chile salmon farm scandal [Los Angeles Times (CA)]

Loews Corporation (L) 
Last loews corporation earnings: 2/10 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.loews.com
There’s this salmon-farming company located on the far southern tip of Chile that goes by the name Nova Austral. The company is quick to point out that its salmon are antibiotic free. This is a big selling point. Farm-raised salmon loaded up on antibiotics grosses many consumers out. So the antibiotics-free kind can fetch premiums of as much as 30% over the regular stuff in international markets. (Salmon caught in the wild fetch still more, as much as four times farm-raised.) Click on Nova Austral’s website, and it’s all images of frigid Antarctic waters and snow squalls and rugged Patagonian coastline. The name of the company’s brand, Sixty South, which can be found at New York’s Fresh Direct, among other places in the U.S., flashes across the home page. “Pure salmon, naturally,” it declares. What the page doesn’t say is that the company was forced to acknowledge last month that an investigative report published by local newspaper El Mostrador was true: Nova Austral had misreported i Show less Read more
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