Corporate market news for Dec 2004 Chiquita Redeems 10.56% NotesNEW YORK - Dec 1/04 - SNS -- Chiquita Brands International, Inc. set the redemption price for its 10.56% Senior Notes due 2009. . . . Continue or visitors click here IGC Aims For Russia's Top TenLONDON - Dec 1/04 - SNS -- Russia's International Grain Company, an affiliate of Switzerland's Glencore, aims to become Russia's largest exporter of barley in 2004-05 and one of the top 10 wheat shippers. . . . Continue or visitors click here ADMIS Changes Management TeamNEW YORK - Dec 1/04 - SNS -- Richard Dodson was named President of ABM Investor Services effective February 1, 2005. . . . Continue or visitors click here ABB Buys Direct FertilizerSYDNEY - Dec 2/04 - SNS -- ABB Grain Ltd bought the assets of Direct Fertilizers Limited and Direct Fertilizers International Pty Ltd (together Direct). . . . Continue or visitors click here Esso Farm Fund Raises $475,000TORONTO - Dec 2/04 - SNS -- The Esso Farm Community Growth Fund raised CDN $475,000 this year, with the money to be used for community projects across Alberta, Saskatchewan and Manitoba. . . . Continue or visitors click here ConAgra Declares Quarterly DividendNEW YORK - Dec 2/04 - SNS -- ConAgra Foods Inc. declared a quarterly common stock dividend of $0.2725 per share. . . . Continue or visitors click here Kraft Declares Quarterly DividendNEW YORK - Dec 2/04 - SNS -- Kraft Foods Inc. declared a regular quarterly dividend of $0.205 per common share of Class A and Class B stock, payable on January 6, 2005, to stockholders of record as of December 22, 2004. . . . Continue or visitors click here Del Monte Foods Profit ImprovesNEW YORK - Dec 2/04 - SNS -- Del Monte Foods Company reported a net profit of U.S. $41.6 million on sales of $846.6 million during the second quarter ending October 31, up from a net profit of $40.2 million on sales of $791.6 million during the previous fiscal year. . . . Continue or visitors click here ABM Expanding Polish MillNEW YORK - Dec 3/04 - SNS -- Archer Daniels Midland Company (ABM) plans to increase crushing and refining capacity at its facility in Szamotuly, Poland. . . . Continue or visitors click here Tyson Closing Maine FacilityNEW YORK - Dec 3/04 - SNS -- Tyson Foods will close the Jordan's Meats plant in Portland, Maine, effective February 1, 2005 and shift production to other locations. . . . Continue or visitors click here Nestle Buys Into Wagner PizzaLONDON - Dec 7/04 - SNS -- Nestle Deutschland AG, based in Frankfurt am Main, will buy 49% of Wagner Tiefkühlprodukte GmbH, based in Nonnweiler-Braunshausen. Pending approval by the appropriate authorities, the transaction will go ahead January 1, 2005. . . . Continue or visitors click here Kellogg Share Buy Back InitiatedNEW YORK - Dec 7/04 - SNS -- The cereal maker, Kellogg Company, will buy back up to U.S. $400 million worth of common stock during 2005 for general corporate purposes and to offset issuances for employee benefit programs. . . . Continue or visitors click here Australian Fertilizer PartnershipSYDNEY - Dec 8/04 - SNS -- The Australian wheat board, AWB Limited (AWB), Elders (a wholly owned subsidiary of Futuris Corporation Limited) and WMC Resources Limited (WMC) have established a joint venture fertilizer company. . . . Continue or visitors click here Palacios Named VP Feed at Land O'LakesNEW YORK - Dec 8/04 - SNS -- Land O'Lakes, Inc. named Fernando Palacios Executive Vice President of Feed, effective immediately, to replace Robert M. DeGregorio, who resigned on November 12, 2004. . . . Continue or visitors click here Brearton is Kraft's ControllerNEW YORK - Dec 8/04 - SNS -- Kraft Foods Inc. named David Brearton Senior Vice President, Business Process Simplification (BPS) & Corporate Controller. . . . Continue or visitors click here Agricore United Reports LossesWINNIPEG - Dec 9/04 - SNS -- Agricore United reported a net loss of CDN $24.2 million on gross revenue of $612.4 million during the fourth quarter ending October 31, compared to a net loss of $6.45 million on sales of $653.5 million during the same period last year. . . . Continue or visitors click here Maple Leaf Completes Debt FinancingTORONTO - Dec 9/04 - SNS -- Maple Leaf Foods completed a private issue of $500 million in long-term debentures for terms of seven, ten and twelve years. . . . Continue or visitors click here Agricore United's Grain Share DeclinesWINNIPEG - Dec 9/04 - SNS -- Agricore United's share of the western Canadian grain handle decreased during the fiscal year ending October 31, dropping from 36% in 2003-04 to 34.7% in 2003-04, according to the company's fourth quarter earnings statement. . . . Continue or visitors click here AWB Sells Futuris StakeSYDNEY - Dec 9/04 - SNS -- The Australian wheat board, AWB Limited sold its 14.9% shareholding of Futuris ordinary shares (98 million ordinary shares) on market realizing a net profit after tax of approximately $42 million. . . . Continue or visitors click here Agricore United Dividend DeclaredWINNIPEG - Dec 10/04 - SNS -- Agricore United declared a quarterly dividend of $0.03 per Limited Voting Common Share. . . . Continue or visitors click here AWB Co-Branding Flour in FijiSYDNEY - Dec 13/04 - SNS -- The Australian wheat board, AWB Limited, has entered a co-branding agreement with Flour Mills of Fiji (FMF). . . . Continue or visitors click here Danos Elected to General Mills BoardNEW YORK - Dec 13/04 - SNS -- General Mills elected elected Paul Danos, to its board of directors. . . . Continue or visitors click here General Mills Declares DividendNEW YORK - Dec 13/04 - SNS -- General Mills declared a quarterly dividend payment at the rate of $.31 per share. . . . Continue or visitors click here PepsiCo Buys Out GM in Joint VentureNEW YORK - Dec 13/04 - SNS -- PepsiCo will buy out General Mills' position in their Snack Ventures Europe (SVE) joint venture. . . . Continue or visitors click here Roig Named ADM VP-PlanningNEW YORK - Dec 14/04 - SNS -- Ismael Roig has been named ADM's Vice President-Planning and Business Development in the Corporate Finance department. . . . Continue or visitors click here SWP Declares First Quarter LossREGINA - Dec 14/04 - SNS -- The Saskatchewan Wheat Pool (SWP) lost CDN $15.63 million on revenue of $228.706 million during the first quarter of the 2004-05 fiscal year, which ended on October 31. This compares to a loss of $9.806 million on revenue of$283.385 million during the same quarter last year. . . . Continue or visitors click here Bunge Enters Vietnam Port AccordNEW YORK - Dec 14/04 - SNS -- Bunge Agribusiness Singapore Pte. Ltd. has entered a 10-year exclusive throughput agreement with Phu My Port in Vietnam. . . . Continue or visitors click here Manitoba's Kristjanson Wins CCA AwardWINNIPEG - Dec 13/04 - SNS -- The Canadian Fertilizer Institute (CFI) awarded Ingrid Kristjanson, an Agricultural Representative for Manitoba Agriculture, Food and Rural Initiatives (MAFRI), the 2004 Prairie Provinces Certified Crop Adviser (CCA) of the Year award. . . . Continue or visitors click here SWP Reports Lower Elevator ReceiptsREGINA - Dec 14/04 - SNS -- The Saskatchewan Wheat Pool (SWP) reported a decrease in primary elevator receipts during the opening quarter of its 2004-05 fiscal year. . . . Continue or visitors click here SWP Moots Plan to Convert SharesREGINA - Dec 14/04 - SNS -- The Saskatchewan Wheat Pool (SWP) will develop a plan to transform the company's capital structure. . . . Continue or visitors click here WCE Elects BoardWINNIPEG - Dec 15/04 - SNS -- Shareholders elected the 2005 Board of Directors of WCE Holdings Inc., who also serve as the Board of Winnipeg Commodity Exchange Inc. ("WCE"), at their annual meeting last night. . . . Continue or visitors click here Rogers Sugar Fund DistributionTORONTO - Dec 15/04 - SNS -- Rogers Sugar Income Fund authorized a monthly distribution of $0.0334 per trust unit to be paid to Unitholders of record on December 31, 2004, payable on or before January 31, 2005. . . . Continue or visitors click here Robinson Named Farm Bureau Insurance VPLANSING - Dec 17/04 - SNS -- Jim Robinson was named Executive Vice President of Farm Bureau Insurance, the Board of Directors of the Michigan Farm Bureau Family of Companies announced today. . . . Continue or visitors click here Farmers Coffee Declares DividendNEW YORK - Dec 17/04 - SNS -- The coffee roaster, Farmer Bros. Co. declared a quarterly dividend of $0.10 per share. . . . Continue or visitors click here Almond Board Elections OpenMODESTO - Dec 20/04 - SNS -- January 20 is the deadline for nominations for the board of directors of the Almond Board of California (ABC). . . . Continue or visitors click here Maple Leaf Closes Share OfferTORONTO - Dec 20/04 - SNS -- Maple Leaf Foods Inc. closed its December 6 share offering, selling 11,340,000 shares at $14.55 each for net proceeds of approximately $161.5 million. . . . Continue or visitors click here Deere in Russian Licensing AgreementNEW YORK - Dec 21/04 - SNS -- Deere Credit, Inc. and Rosagroleasing of the Russian Federation have agreed to a $25 million Credit Facility Agreement guaranteed by the Export-Import Bank of the United States, which will allow Russian customers to lease John Deere agricultural equipment by Russian customers. . . . Continue or visitors click here General Mills Profits IncreaseNEW YORK - Dec 21/04 - SNS -- General Mills, Inc. reported net earnings of U.S. $367 million on sales of $3,168 million for the second quarter ending November 28. . . . Continue or visitors click here USDA Emerging Markets Committee AppointmentsWASHINGTON - Dec 22/04 - SNS -- The USDA appointed 15 new members to its Advisory Committee on Emerging Markets. . . . Continue or visitors click here OPIL Dividends JumpNEW DELHI - Dec 22/04 - SNS -- Dividends paid by Oil Palm India Ltd. (OPIL) to the India government reached a record Rs.4.992 million and Rs.6.795 million to Kerala Government for 2003-04. . . . Continue or visitors click here CGC Re-Appoints CommissionersWINNIPEG - Dec 22/04 - SNS -- Three Canadian Grain Commission (CGC) officials were re-appointed today. . . . Continue or visitors click here ConAgra Reports Second Quarter ProfitNEW YORK - Dec 22/04 - SNS -- ConAgra Foods Inc. reported a 10% improvement in operating profits during the second quarter ending November 28 and an 8% increase in quarterly sales. Profits during the quarter were U.S. $545 million on sales of $4.1 billion. . . . Continue or visitors click here Kraft Selling Yogurt DivisionNEW YORK - Dec 22/04 - SNS -- Kraft Foods Inc. will sell its yogurt business to CoolBrands International Inc. for approximately $59 million. . . . Continue or visitors click here Sovion Purchase of HMG ApprovedBRUSSELS - Dec 23/04 - SNS -- The European Commission has approved Sovion's purchase of Hendrix Meat Group (HMG). . . . Continue or visitors click here CPI Increases Korean StakeNEW YORK - Dec 27/04 - SNS -- Corn Products International, Inc. will buy the remaining minority interest in its Korean business from Doosan Corporation for approximately $65 million (US). . . . Continue or visitors click here AFC Sells Church's ChickenNEW YORK - Dec 29/04 - SNS -- AFC Enterprises, Inc. completed the sale of its Church's brand to an affiliate of Crescent Capital Investments, Inc., an Atlanta-based private equity firm. . . . Continue or visitors click here Andersons DividendNEW YORK - Dec 30/04 - SNS -- The Andersons, Inc. announced a cash dividend of 8 cents per share, payable Jan. 24, 2005, to shareholders of record on Jan. 1, 2005. . . . Continue or visitors click here Hormel Buys CloughertyNEW YORK - Dec 30/04 - SNS -- Hormel Foods Corporation bought Clougherty Packing Company for around U.S. $186 million. . . . Continue or visitors click here
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