Corporate market news for Aug 2004 Imperial Sugar Profit ImprovesNEW YORK - Aug 3/04 - SNS -- Imperial Sugar Company reported net income of $4.3 million or $0.40 per diluted share for the third quarter ended June 30, 2004, compared to $3.6 million or $0.34 per diluted share during the same period last year. . . . Continue or visitors click here ADM, Johnson Create Skyland GrainNEW YORK - Aug 3/04 - SNS -- Archer Daniels Midland Company (ADM) and Johnson Cooperative Grain Company, Inc. have formed a new joint venture company called Skyland Grain, LLC, to operate the local grain, agronomy and petroleum divisions of the two companies. . . . Continue or visitors click here CBOT Trading Volume Up 32.3%CHICAGO - Aug 3/04 - SNS -- Trading volumes on the Chicago Board of Trade (CBOT) maintained their strong pace through July, lifting calendar year-to-date volume 32.3% above last year to 338,417,477 contracts. . . . Continue or visitors click here Danone Sells Irish Biscuit BusinessLONDON - Aug 4/04 - SNS -- Groupe Danone has finalized the sale of its biscuit operations in the Republic of Ireland (W&R Jacob Ltd) to Fruitfield Foods Ltd. . . . Continue or visitors click here ADM Issues DividendNEW YORK - Aug 6/04 - SNS -- Archer Daniels Midland Company declared a cash dividend of seven and one-half cents a share on the Company’s stock payable September 10, 2004 to Shareholders of record August 20, 2004. . . . Continue or visitors click here Chiquita Reports $30 Million Q2 NetNEW YORK - Aug 6/04 - SNS -- Chiquita Brands International, Inc. reported second quarter 2004 net income of $30 million, or $0.73 per diluted share, including an after-tax loss of $4 million on the sale of its Colombian banana production division. . . . Continue or visitors click here Chiquita CFO Riley LeavingNEW YORK - Aug 6/04 - SNS -- James B. Riley, senior vice president and chief financial officer for Chiquita Brands International, Inc., will leave the company at the end of August. . . . Continue or visitors click here SWP EXplores Capital AlternativesREGINA - Aug 6/04 - SNS -- The Saskatchewan Wheat Pool is reviewing its capital market alternatives in hopes this will allow the company to "strengthen its balance sheet and lower its interest costs." . . . Continue or visitors click here NDDPLA Opens Staffed OfficeFARGO - Aug 9/04 - SNS -- The North Dakota Dry Pea & Lentil Association (NDDPLA) has opened a permanent office and hired Eric Bartsch as the Executive Director, who will oversee administration and direct all activities of the Association. . . . Continue or visitors click here Noble Gross Sales DoubleHONG KONG - Aug 10/04 - SNS -- Noble Group Limited reported a net profit of U.S. $126 million on gross sales of $4,312 million during he first six months of 2004. . . . Continue or visitors click here Cargill Reports $195 Million Q4 NetNEW YORK - Aug 10/04 - SNS -- Cargill Inc. reported net earnings of $195 million for the fourth quarter ended May 31, up 38% from $141 million in the same period a year ago. . . . Continue or visitors click here Cargill Builds Russian FacilitiesNEW YORK - Aug 12/04 - SNS -- Cargill is building two additional malt and sweetener plants at its Efremov facility in the Tula oblast. . . . Continue or visitors click here EU Approves Advanta SaleBRUSSELS - Aug 18/04 - SNS -- The European Commission approved the proposed acquisition of Dutch-based seed producer Advanta B.V. by Swiss-based Syngenta Crop Protection AG. . . . Continue or visitors click here Imperial Ginseng Deregisters OTC StockVANCOUVER - Aug 23/04 - SNS -- Imperial Ginseng Products Ltd. has filed with the United States Securities and Exchange Commission (SEC) to deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934. The Form 15 filing should become effective within 90 days. . . . Continue or visitors click here Heinz Reports $194.8 Million Net IncomeNEW YORK - Aug 24/04 - SNS -- H.J. Heinz Company reported net income of $194.8 million for its fiscal 2005 first quarter ended July 28, 2004, down from $214.0 million during the same period last year. . . . Continue or visitors click here India's SEA Gets ISO 9001 CertificationNEW DELHI - Aug 25/04 - SNS -- The Solvent Extractors' Association of India (SEA) has received Quality Standard ISO 9001:2000 certification. . . . Continue or visitors click here Smithfield Profits JumpNEW YORK - Aug 26/04 - SNS -- Smithfield Foods, Inc. reports net income for the first quarter of its 2005 fiscal year jumped from $17. million last year to $54.9 million, or $.49 per diluted share. Sales were $2.7 billion, compared with $2 billion a year ago. . . . Continue or visitors click here Louis Dreyfus Builds in RosarioNEW YORK - Aug 27/04 - SNS -- Louis Dreyfus intends to build a soybean processing plant and port on the Parana River near Rosario, Argentina. . . . Continue or visitors click here GROWMARK Names DirectorsNEW YORK - Aug 30/04 - SNS -- GROWMARK, a regional agricultural cooperative based in Bloomington, Ill., elected 16 directors to its board at its annual meeting in Chicago, Illinois. . . . Continue or visitors click here DANONE Pursues Serbian InvestmentNEW YORK - Aug 30/04 - SNS -- Groupe DANONE has submitted a public offer to acquire part of Serbia's Knjaz Milos. . . . Continue or visitors click here Competition Clears ABB, AusBulk, UGH MergerSYDNEY - Aug 31/04 - The Australian Competition and Consumer Commission has approved the merger between The Australian barley marketing board, ABB Grain Ltd, AusBulk Ltd and United Grower Holdings based on an agreement by ABB to provide access to SouthAustralia’s port grain terminals. . . . Continue or visitors click here Hot House Suspends Grower DistributionTORONTO - Aug 31/04 - SNS -- The Hot House Growers Income (HHGI) Fund has suspended cash distributions to its greenhouse growers in response to an "unprecedented drop in tomato prices". . . . Continue or visitors click here Cargill Marketing ARA in China Joint VentureNEW YORK - Aug 31/04 - SNS -- Cargill Health & Food Technologies and China's Wuhan Alking Bioengineering Co. Ltd. have entered a joint venture agreement to market arachidonic acid (ARA) in China to the country's infant formula business. . . . Continue or visitors click here
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