Corporate market news for Aug 2006 Fresh Del Monte Reports LossNEW YORK - Aug 1/06 - SNS -- Fresh Del Monte Produce Inc. declared a net loss of U.S. $17.8 million on sales of $907.1 million for the second quarter ending June 30, compared to a net profit of $46.5 million on sales of $922.8 million during the same three month period last year. . . . Continue or visitors click here ADM Profits SoarNEW YORK - Aug 1/06 - SNS -- Archer Daniels Midland reported net earnings of U.S. $410 million on sales of $9,547 million during the fourth quarter ending June 30, compared to a net of $195 million on sales of $9,424 million during the same three-monthperiod of the previous fiscal year. . . . Continue or visitors click here WCE Reports 34% Volume JumpWINNIPEG - Aug 1/06 - SNS -- Trading volume on the floor of the Winnipeg Commodity Exchange (WCE) reached its highest level since the 200-01 marketing year during the past 12 months, jumping 34% above year earlier levels to 2,594,003 futures and options contracts. . . . Continue or visitors click here Imperial Sugar Returns to ProfitNEW YORK - Aug 2/06 - SNS -- Imperial Sugar Company reports net income of U.S. $15.2 million on sales of $231.3 million during the third quarter ending June 30, compared to a loss of $4.5 million on sales of $191 million during the same three month period last year. . . . Continue or visitors click here Jansen Heads ADM GrainNEW YORK - Aug 2/06 - SNS -- Matthew Jansen is the new President-Grain Group for Archer Daniels Midland Company. . . . Continue or visitors click here AWB Names Davis Managing DirectorSYDNEY - Aug 2/06 - SNS -- The Australian wheat marketing board, AWB Limited, named Gordon Davis its new Managing Director. . . . Continue or visitors click here Murrell Elected CSTA PresidentOTTAWA - Aug 7/06 - SNS -- The Canadian Seed Trade Association (CSTA) elected Dorothy Murrell of Saskatoon, Saskatchewan, as its president for 2006-2007. . . . Continue or visitors click here Agricore Finalizes Hi-Pro Feeds DealWINNIPEG - Aug 15/06 - SNS -- Agricore United finalized its purchase of Hi-Pro Feeds of Friona, Texas, for an estimated $38.5 million. The deal was completed through the newly incorporated U.S. subsidiary, Unifeed Hi-Pro Inc. . . . Continue or visitors click here Deere and Company Profit ExpandsNEW YORK - Aug 15/06 - SNS -- Deere & Company reported a net income of U.S. $436 million on sales of $6,257 million for the third quarter ending July 31, compared to a bet of $387 on sales of $5,823 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here Hot House Loss WidensTORONTO - Aug 15/06 - SNS -- Hot House Growers Income Fund reported a loss of CDN $1.122 million on sales of $20.852 million for the second quarter ending June 30, compared to a net gain of $3.203 million on sales of $23.897 million during the same three month period last year. . . . Continue or visitors click here Campbell Sells UK BusinessesNEW YORK - Aug 15/06 - SNS -- Campbell Soup Company completed the sale of its UK and Irish businesses to Premier Foods plc following the approval of Premier's shareholders. . . . Continue or visitors click here Monsanto Buying Delta and PineNEW YORK - Aug 16/06 - SNS -- Monsanto Company will pay Delta and Pine Land Company shareholders U.S. $42 per share or around U.S. $1.5 billion cash for the company. The deal is subject to regulatory approval in the United States. . . . Continue or visitors click here Heinz Declares DividendNEW YORK - Aug 16/06 - SNS -- The H.J. Heinz Company declared quarterly dividends on both common and preferred stock. . . . Continue or visitors click here Olam Intends to Buy TalocaNEW YORK - Aug 18/06 - SNS -- Olam International Limited has signed a letter of intent to buy Taloca & Compania Limitada (TAB), a subsidiary of Kraft Foods International, green coffee processing unit in Colombia. . . . Continue or visitors click here Cargill Reports $168 Million NetNEW YORK - Aug 18/06 - SNS -- Cargill reported net earnings of U.S. $168 million in the 2006 fourth quarter ended May 31, including a one-time, $190 million noncash charge to Cargill's earnings that is the company's share of a restructuring charge taken by The Mosaic Company related to its phosphate fertilizer business. Cargill is the majority shareholder in Mosaic. . . . Continue or visitors click here AGCO names Decoster Vice PresidentNEW YORK - Aug 18.06 - SNS -- AGCO Corporation named Gretchen DeCoster Vice President, Customer Support North America. . . . Continue or visitors click here CanGro Sells Primo PastaTORONTO - Aug 21/06 - SNS -- CanGro Foods Inc. sold its Primo brand for pasta and tomato products, including associated pasta assets, while retaining the Primo brand for soup. . . . Continue or visitors click here Stratford Chick Hatchery Workers UnionizeTORONTO - Aug 23/06 - SNS -- The Stratford Chick Hatchery continues to resist efforts by its employees to unionize, filing an objection with the Ontario Labour Relations Board (OLRB), claiming that because it is an agricultural facility, its employees should be specifically excluded from unionizing. . . . Continue or visitors click here Smithfield Profits Plunge 50%NEW YORK - Aug 23/06 - SNS -- Smithfield Foods, Inc. reported net income of U.S. $24.6 million on sales of $2,772.9 million during the first quarter of the 2007 fiscal year, compared to a net of $49 million on sales of $2,929.5 million during the same three-month period last year. . . . Continue or visitors click here Hot House Growers, Village Farms MergerTORONTO - Aug 24/06 - SNS -- Hot House Growers Income Fund will merge with Village Farms in an agreement which gives the owners of Village Farms exchangeable securities in a subsidiary of the Fund which, if exchanged for Units, would represent a majority interest in the Fund. . . . Continue or visitors click here AWB Buys Rural PortfolioSYDNEY - Aug 28/06 - SNS -- Landmark will buy Adelaide Bank's A$160 million rural lending portfolio from Adelaide Bank. . . . Continue or visitors click here Ames Heads ADM TransportationNEW YORK - Aug 28/06 - SNS -- Archer Daniels Midland Company named Thomas Ames Vice President-Transportation and Logistics for the Grain Group. . . . Continue or visitors click here Deere DividendNEW YORK - Aug 30/06 - SNS -- The Deere and Company declared a regular quarterly dividend of $.39 per share. . . . Continue or visitors click here
Articles are archived for the months: 2008:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | 2007:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | 2006:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | 2005:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | 2004:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|