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Corporate market news for Dec 2004


Chiquita Redeems 10.56% Notes

NEW 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 Ten

LONDON - 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 Team

NEW 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 Fertilizer

SYDNEY - 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 $475,000

TORONTO - 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 Dividend

NEW 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 Dividend

NEW 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 Improves

NEW 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 Mill

NEW 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 Facility

NEW 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 Pizza

LONDON - 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 Initiated

NEW 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 Partnership

SYDNEY - 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'Lakes

NEW 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 Controller

NEW 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 Losses

WINNIPEG - 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 Financing

TORONTO - 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 Declines

WINNIPEG - 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 Stake

SYDNEY - 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 Declared

WINNIPEG - 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 Fiji

SYDNEY - 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 Board

NEW YORK - Dec 13/04 - SNS -- General Mills elected elected Paul Danos, to its board of directors. . . . Continue or visitors click here


General Mills Declares Dividend

NEW 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 Venture

NEW 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-Planning

NEW 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 Loss

REGINA - 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 Accord

NEW 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 Award

WINNIPEG - 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 Receipts

REGINA - 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 Shares

REGINA - 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 Board

WINNIPEG - 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 Distribution

TORONTO - 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 VP

LANSING - 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 Dividend

NEW 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 Open

MODESTO - 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 Offer

TORONTO - 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 Agreement

NEW 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 Increase

NEW 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 Appointments

WASHINGTON - Dec 22/04 - SNS -- The USDA appointed 15 new members to its Advisory Committee on Emerging Markets. . . . Continue or visitors click here


OPIL Dividends Jump

NEW 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 Commissioners

WINNIPEG - Dec 22/04 - SNS -- Three Canadian Grain Commission (CGC) officials were re-appointed today. . . . Continue or visitors click here


ConAgra Reports Second Quarter Profit

NEW 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 Division

NEW 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 Approved

BRUSSELS - 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 Stake

NEW 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 Chicken

NEW 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 Dividend

NEW 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 Clougherty

NEW 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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