Corporate market news for Feb 2005 Bunge Building Plant in BrailNEW YORK - Feb 1/05 - SNS -- Bunge Alimentos will build a soybean processing plant in Rondonopolis in Brazil's Mato Grosso state at a cost of 232 million Brazilian reals or around U.S. $88 million. . . . Continue or visitors click here CNH Global ReorganizesNEW YORK - Feb 1/05 - SNS -- CNH Global N.V. is reorganizing its Agricultural Equipment Business in hopes of putting more emphasis on strategic marketing and brand management, brand identity and communication, and supply chain activities. . . . Continue or visitors click here RalcorpNEW YORK - Feb 1/05 - SNS -- Ralcorp Holdings, Inc. reported net earnings of U.S. $32.5 million on net sales of $440.1 million during the quarter ending December 31; a solid improvement from earnings of $23.6 million on sales of $362.5 million reportedduring the same quarter one year earlier. . . . Continue or visitors click here SunOpta Opens Toronto Distribution FacilityTORONTO - Feb 1/05 - SNS -- SunOpta Inc. opened a new 135,000 square foot food distribution facility here. . . . Continue or visitors click here Dow Contributes to Pulse LabSASKATOON - Feb 1/05 - SNS -- Dow AgroSciences Canada Inc. is donating CDN $30,000 toward construction of a new pulse field lab research facility at the University of Saskatchewan. . . . Continue or visitors click here Cargill Renames Resin CompanyNEW YORK - Feb 2/05 - SNS -- Cargill changed the name of the company that makes the proprietary, corn-based plastic resins marketed under the NatureWorks® PLA and Ingeo™ fiber brand names to NatureWorks, LLC. . . . Continue or visitors click here CNH's Monferino Leaves CNHNEW YORK - Feb 2/05 - SNS -- CNH Global N.V.'s President and Chief Executive Officer Paolo Monferino will leave CNH effective February 28, 2005 to become Chief Executive of Iveco S.p.a., the lead company of Fiat Group's Commercial Vehicle Sector. . . . Continue or visitors click here Rogers Sugar Income DropsTORONTO - Feb 2/05 - SNS -- Rogers Sugar Income Fund reported a reduction in the volume of sugar handled during the first quarter of the 2005 fiscal year which ended December 31, resulting in a decline in profits relative to the previous fiscal year. . . . Continue or visitors click here Planet Organic Buys TrophicTORONTO - Feb 2/05 - SNS -- Planet Organic Health Corp. completed its purchase of Trophic Canada Inc. by issuing shareholders of that company 6,875,000 shares and assuming Trophic's debt of about CDN $552,000. . . . Continue or visitors click here Tyson Plant Suspensions ContinuesNEW YORK - Feb 3/05 - SNS -- Tyson Foods will continue to suspend operations at some beef plants until at least February 12, company officials reported today. As a result, Tyson will pay qualified workers for another week off the job. . . . Continue or visitors click here Imperial Sugar Profit Nearly DoubleNEW YORK - Feb 3/05 - SNS -- Imperial Sugar Company reported net earnings of U.S. $6.543 million on sales of $260.029 million during the three months ending December 31; a major improvement on the net earnings of $3.513 million reported on sales of $255.998 million during the same period one year earlier. . . . Continue or visitors click here Imperial Sugar Names Mechler VP, CFONEW YORK - Feb 3/05 - SNS -- --Imperial Sugar Company named Hal Mechler as vice president and chief financial officer, to replace Darrell Swank, its senior vice president and chief financial officer, effective March 1. . . . Continue or visitors click here ADM Declares DividendNEW YORK - Feb 3/05 - SNS -- Archer Daniels Midland Company declared a cash dividend of eight and one-half cents a share on the Company's stock payable March 10, 2005 to Shareholders of record February 17, 2005. . . . Continue or visitors click here CNH Global Declares Q4 ProfitNEW YORK - Feb 3/05 - SNS -- CNH Global N.V. reported a fourth quarter net income of $26 million on sales of $3,001 million for the period ending December 31, 2004, compared to a net loss of $111 million on sales of $2,858 million during the same period the previous fiscal year. . . . Continue or visitors click here Black Becomes Kraft's VP NutritionNEW YORK - Feb 3/05 - SNS -- Kraft Foods Inc. named Richard Black its new Vice President, Nutrition, effective February 28. . . . Continue or visitors click here Land O'Lakes Profits SlideNEW YORK - Feb 3/05 - SNS -- Land O'Lakes, Inc. today reported 2004 net earnings of $20.1 million, down sharply from $82.0 million for 2003. . . . Continue or visitors click here Deere Opens Russian Assembly PlantNEW YORK - Feb 4/05 - SNS -- Deere & Company opened an assembly facility in Orenburg, Russia to provide seeding carts and air seeding tools to customers in Russia and other CIS markets. . . . Continue or visitors click here American Pasta Execs Boost Stock HoldingNEW YORK - Feb 4/05 - SNS -- American Italian Pasta Company said Horst W. Schroeder, Chairman, and Timothy S. Webster, President and Chief Executive Officer, increased their common stock holdings through the exercise of stock options. . . . Continue or visitors click here Agrobacterium Patent Dispute ResolvedBRUSSELS - Feb 4/05 - SNS -- A long standing patent dispute over the use of Agrobacterium-mediated transformation to create transgenic crops has been resolved. . . . Continue or visitors click here Michigan Approves Ethanol PlantNEW YORK - Feb 4/05 - SNS -- Great Lakes Ethanol LLC received approval from the Michigan Department of Environmental Quality to construct a $72 million ethanol plant in Riga Township. . . . Continue or visitors click here Sugar Marketing Agreement AmendedNEW YORK - Feb 4/05 - SNS -- Imperial Sugar Company and Michigan Sugar Company reached a tentative agreement to amend the exclusive ten-year marketing agreement that commenced with the sale by Imperial of its then subsidiary company in February 2002 toa Michigan producer cooperative that formed Michigan Sugar Company. . . . Continue or visitors click here Goedde Joins Kincannon & ReedTORONTO - Feb 7/05 - SNS -- Kincannon & Reed has named Lutz Goedde, former CEO and President of the livestock genetic firm Alta Genetics, the Managing Director, Canada, for the executive search firm. . . . Continue or visitors click here Malo Named CBOT Executive VPCHICAGO - Feb 7/05 - SNS -- The Chicago Board of Trade (CBOT) named Christopher Malo its Executive Vice President of Marketing and Business Development. . . . Continue or visitors click here SWP Board Approves Recapitalization PlanREGINA - Feb 7/05 - SNS -- The Saskatchewan Wheat Pool's (SWP) board of directors approved a plan to recapitalize its shares, Convertible Subordinated Notes and make a subsequent rights offering to all common Shareholders. . . . Continue or visitors click here Bunge Declares Lower Q4 NetNEW YORK - Feb 8/05 - SNS -- Bunge Limited declared a modest increase in fourth quarter net earnings of $5 million over the previous year. . . . Continue or visitors click here MGP Net Earnings DeclineNEW YORK - Feb 8/05 - SNS -- MGP Ingredients, Inc. reported a net income of U.S. $1,354.000 on sales of $61.164 million during the quarter ending December 31, 2004, down from a net of $1,834,000 on sales of $59.409 million during the same quarter the previous fiscal year. . . . Continue or visitors click here Tyson Declares DividendNEW YORK - Feb 8/05 - SNS -- Tyson Foods, Inc. declared a quarterly dividend of $.04 per share on Class A common stock and $.036 per share on Class B common stock. . . . Continue or visitors click here Del Monte Refinancing Offer FilledNEW YORK - Feb 8/05 - SNS -- Del Monte Corporation completed its plan to refinance a significant portion of its outstanding debt. . . . Continue or visitors click here Imperial Sugar Inks Labor AgreementNEW YORK - Feb 8/05 - SNS -- Imperial Sugar Company ratified a three-year agreement with United Food and Commercial Workers Union, AFL-CIO, Local ##035;1167-P, which represents workers at its Louisiana facility. . . . Continue or visitors click here Mallett Leads Cargill R&DNEW YORK - Feb 8/05 - SNS -- Dr. Chris Mallett is Cargill's corporate vice president for research and development. . . . Continue or visitors click here ADM Management ShuffleNEW YORK - Feb 8/05 - SNS -- Archer Daniels Midland Company (ADM) made several changes in its management team. . . . Continue or visitors click here USDA Reduces Beef Board MembershipWASHINGTON - Feb 10/05 - SNS -- The USDA lowered the number of members on the Cattlemen's Beef Promotion and Research Board from 108 to 104. . . . Continue or visitors click here Dean Foods Q1 Profits RiseNEW YORK - Feb 10/05 - SNS -- Dean Foods Company reported net income of U.S. $98.9 million on sales of $2,791 million during the first quarter ending December 31, 2004, compared to net earnings of $86.5 million on sales of $2,510 million during the same quarter in 2003. . . . Continue or visitors click here Sara Lee Names CEO as it RestructuresNEW YORK - Feb 10/05 - SNS -- Sara Lee Corporation named Brenda Barnes its new chief executive officer, effective immediately, while Steven McMillan will remain chairman through October. . . . Continue or visitors click here Agricore Elects DirectorsREGINA - Feb 10/05 - SNS -- Farmer delegates attending Agricore United's Annual Members' Meeting here elected four farmers to serve on the Company's Board of Directors for three year terms. . . . Continue or visitors click here WCE Offers Fee Rebate ProgramWINNIPEG - Feb 10/05 - SNS -- The Winnipeg Commodity Exchange Inc. (WCE) is offering rebates on exchange fees to members that provide short-term liquidity for WCE contracts at minimum volume levels. . . . Continue or visitors click here CWB Declares $4.1 Billion Sales in 2003-04WINNIPEG - Feb 10/05 - SNS -- The Canadian Wheat Board reported gross revenue of CDN $4.1 billion in 2003-04, with $3.9 billion paid to Prairie farmers. . . . Continue or visitors click here Tyson Reopens Packing PlantsNEW YORK - Feb 10/05 - SNS -- Tyson Foods, Inc. is getting ready to resume operations at beef plants in the Upper Midwest and Pacific Northwest, which were temporarily closed. The affected plants will resume production on a staggered basis over the next two weeks. . . . Continue or visitors click here Danone Reports Euro 317M NetLONDON - Feb 11/05 - SNS -- Groupe Danone reported a net profit of Euro 317 million on sales of Euro 13,131 million during the 2004 fiscal year which ended December 31, 2004. . . . Continue or visitors click here Noel Buys Out Danone in Joint VentureLONDON - Feb 11/05 - SNS -- Inveralimenticias Noel S.A. will buy Groupe Danone's 30% share in the Colombian cookie maker Galletas Noel for an undisclosed amount. . . . Continue or visitors click here Ridley Reports Better Q4 EarningsTORONTO - Feb 11/05 - SNS -- Ridley Inc. reported second quarter net earnings of U.S. $5.3 million on sales of $129.9 million for the period ending December 31, up from net earnings of $3.8 million sales of $130.3 million during the same quarter the previous year. . . . Continue or visitors click here Agricore United Re-Elects ChairWINNIPEG - Feb 11/05 - SNS -- Wayne Drul of Oakburn, Manitoba was re-elected Chair of the Agricore United board of directors. Jon Grant was re-elected to serve as First Vice Chair. . . . Continue or visitors click here Kellogg Cereal Certified by AHANEW YORK - Feb 14/05 - SNS -- The American Health Association has certified the Kellogg Company's new Smart Start Healthy Heart cereal. . . . Continue or visitors click here NAIT to Train Canada Farm DirectSASKATOON - Feb 14/05 - SNS -- NAIT has entered an agreement with Canada Farm Direct to train employees should the group successfully complete negotiations to buy a beef slaughter and processing plant in western Canada. . . . Continue or visitors click here Rogers Sugar Fund DistributionTORONTO - Feb 15/05 - SNS -- Rogers Sugar Income Fund authorized a monthly distribution of $0.0334 per trust unit to be paid to Unitholders of record on February 28, 2005, payable on or before March 29, 2005. . . . Continue or visitors click here Conti-Smithfield Joint VentureNEW YORK - Feb 16/05 - SNS -- ContiBeef LLC, a subsidiary of ContiGroup Companies, Inc., and MF Cattle Feeding, Inc., a recently acquired subsidiary of Smithfield Foods, Inc., will form a 50/50 joint venture cattle feeding business covering all six feedyards currently owned by ContiBeef and the four feedyards owned by Smithfield since October 2004. . . . Continue or visitors click here ADM Buys Solae DivisionNEW YORK - Feb 16/05 - SNS -- Archer Daniels Midland Company (ADM) bought The Solae Company's global soy isoflavone business, which includes a portfolio of US patents, numerous foreign equivalents, and pending applications. . . . Continue or visitors click here Cargill Buying Pagnan's OperationsNEW YORK - Feb 16/05 - SNS -- Cargill will buy the Italian company Pagnan's grain and oilseed meals trading business, subject to regulatory approval. . . . Continue or visitors click here Pasta Alliance CreatedNEW YORK - Feb 17/05 - SNS -- American Italian Pasta Company (AIPC) has entered a multi-year strategic alliance with World Finer Foods (WFF), owners of the DaVinci brand of high quality Italian food products. . . . Continue or visitors click here Andersons Considers Ethanol SiteNEW YORK - Feb 17/05 - SNS -- The Andersons Inc. is considering its Albion, Michigan, grain facility as a possible location for the construction of an ethanol production facility. . . . Continue or visitors click here Green Mountain Coffee Profit SlipsNEW YORK - Feb 17/05 - SNS -- Green Mountain Coffee Roasters, Inc. reported a net income of U.S. $2,406,000 on sales of $50,357,000 during the first quarter of the current fiscal year, which ended January 15. . . . Continue or visitors click here Gerdes Appointed CBOT DirectorCHICAGO - Feb 17/05 - SNS -- The Chicago Board of Trade (CBOT) appointed Larry G. Gerdes as a non-member Director of the Exchange for a four-year term. . . . Continue or visitors click here Campbell Soup Profits UnchangedNEW YORK - Feb 18/05 - SNS -- Campbell Soup Company reported net earnings of U.S. $235 million on sales of $2.2 billion for the second quarter ended January 30, 2005. . . . Continue or visitors click here Imperial Sugar Selling Old PlantNEW YORK - Feb 18/05 - SNS -- Imperial Sugar has reached a preliminary agreement to sell its 160-acre former refinery site, but not its corporate headquarters building, in Sugar Land to Cherokee Sugar Land, LP, a joint venture between W.C. Perry Land Development, LP and Cherokee Investments Partners, LLC. . . . Continue or visitors click here Smucker Reports Higher Net IncomeNEW YORK - Feb 18/05 - SNS -- J. M. Smucker Company reported net income of U.S. $36.108 million on sales of $550.234 million during the third quarter ending January 31, up fro net earnings of $31.318 million on sales of $343.788 million during the samequarter of the previous fiscal year. . . . Continue or visitors click here ADM Names Williams VPNEW YORK - Feb 18/05 - SNS -- Archer Daniels Midland Company (ADM) have named Larry Williams the Vice President-Sales and Marketing for ADM Alliance Nutrition, Inc. . . . Continue or visitors click here Almond Board ElectedMODESTO - Feb 20/05 - SNS -- The Almond Board of California has elected its slate of directors for terms starting March 1, 2005. . . . Continue or visitors click here Canada Farm Direct Targets SaskatchewanSASKATOON - Feb 21/05 - SNS -- Canada Farm Direct plans to make its first plant expansion in Saskatchewan should it succeed in efforts to buy a western Canadian slaughter and processing company. . . . Continue or visitors click here Planet Organic to Buy Newfound HealthTORONTO - Feb 21/05 - SNS -- Planet Organic Health Corp. signed a letter of intent to acquire Newfound Health, which operates 17 franchise stores in Alberta. . . . Continue or visitors click here SWP Share Restructure ApprovedTORONTO - Feb 21/05 - SNS -- Saskatchewan Wheat Pool (SWP) Class A shareholders approved a recapitalization plan which would see all common shares converting to voting shares. . . . Continue or visitors click here Chiquita Declares DividendNEW YORK - Feb 22/05 - SNS -- Chiquita Brands International, Inc. declared a quarterly cash dividend of $0.10 per share on the company's outstanding shares of common stock. . . . Continue or visitors click here Noble Profits SoarHONG KONG - Feb 23/05 - SNS -- Noble Group Limited reported net earnings of U.S. $286.1 million sales of $8,622.2 million for the fiscal year ending December 31, 2004, a solid improvement on net earnings of $61.3 million on sales of $4,396.7 million infiscal 2003. . . . Continue or visitors click here J&J Snack Foods DividendNEW YORK - Feb 23/05 - SNS -- J & J Snack Foods Corp. declared a regular quarterly cash dividend of $.125 per share of its common stock. . . . Continue or visitors click here Chiquita to Buy Fresh ExpressNEW YORK - Feb 23/05 - SNS -- Chiquita Brands International, Inc. will pay U.S. $855 million cash for the Fresh Express unit of Performance Food Group. . . . Continue or visitors click here Rancher's Beef Expands Cattle HandleCALGARY - Feb 23/05 - SNS -- Rancher's Beef is starting phase one of a program which will see it slaughter up to 300 head per day of cattle over 30 months of age in a joint venture with Sunterra Farms' newly expanded Innisfail, Alberta plant. . . . Continue or visitors click here Nestle Profits Up, Sales DeclineLONDON - Feb 24/05 - SNS -- Nestlé Group reported a net profit of Swiss Francs 6,717 million on sales of CHF 86,769 million for the 2004 fiscal year, compared to net earnings of CHF 6,213 million on sales of CHF 87,979 million the previous fiscal year. . . . Continue or visitors click here CGC Seeks Grain Tribunal HeadWINNIPEG - Feb 24/05 - SNS -- The Canadian Grain Commission (CGC) is accepting expressions of interest for the appointment to the position of the Chair of the Grain Appeal Tribunal. . . . Continue or visitors click here Jones Soda Into Organic TeaTORONTO - Feb 24/05 - SNS -- Jones Soda Co. plan to launch a line of organic teas in the second quarter of 2005. . . . Continue or visitors click here Saskatchewan Ethanol PlantTORONTO - Feb 24/05 - SNS -- North West Terminal Ltd.'s newly founded North West Bio-energy Ltd. plans to build a fuel-grade ethanol facility in Unity, Saskatchewan, using money from Canada's Ethanol Expansion Program (EEP). . . . Continue or visitors click here Nestle Enters Indonesian Joint VentureHONG KONG - Feb 24/05 - SNS -- Nestle S.A. and Indonesia's PT Indofood Sukses Makmur have created a joint venture firm named PT Nestle Indofood Citarasa Indonesia to produce and sell foods in Indonesia. . . . Continue or visitors click here Bevo Agro Reports 2Q ProfitTORONTO - Feb 25/05 - SNS -- Bevo Agro Inc. reported net earnings of CDN $482,137 on sales of $5.19 million for the second quarter ending December 31, compared to a net of $434,357 on sales of $4.57 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here WBD Modernizes Polish Milk LinesNEW YORK - Feb 25/05 - SNS -- Wimm-Bill-Dann Foods OJSC has completed the latest stage of the modernization at its Kiev City Dairy Plant No. 3 in Poland, bringing a new dietetic products line and compressor station on line. . . . Continue or visitors click here Cargill, Cooper Alliance ExpandedNEW YORK - Feb 25/05 - SNS -- Cooper Power Systems, Inc (CPS) and Cargill Industrial Oils and Lubricants have expanded their alliance to market, produce and distribute Envirotemp FR3 fluid in the European Union, South America, Central America and the Caribbean, Australia, New Zealand and Korea. . . . Continue or visitors click here Minot Bean Plant ProposedMINOT - Feb 25/05 - SNS -- Prairie Protein Inc. of Regina, Saskatchewan is proposing to build a facility dedicated to handling navy beans, pinto beans and soybeans on the northeast side of Minot, North Dakota. . . . Continue or visitors click here Land O'Lakes Sells Swine AssetsNEW YORK - Feb 27/05 - SNS -- Land O'Lakes, Inc. completed an agreement to sell substantially all its swine production assets to Maschhoff West LLC under undisclosed terms. . . . Continue or visitors click here Farmer Bros. Declares DividendNEW YORK - Feb 27/05 - SNS -- Institutional coffee roaster, Farmer Bros. Co., declared a quarterly dividend of $0.10 per share. . . . Continue or visitors click here Bunge Declares DividendNEW YORK - Feb 27/05 - SNS -- Bunge Limited declared a regular quarterly cash dividend of $0.13 per share. . . . Continue or visitors click here Blueberry Council Members NamedWASHINGTON - Feb 27/05 - SNS -- The USDA named five producer members, and one first handler and alternates for each position, to the U.S. Highbush Blueberry Council. Their terms of office begin immediately and end Dec. 31, 2007. . . . Continue or visitors click here ABB Forecasts $37 Million ProfitSYDNEY - Feb 28/05 - SNS -- Australia's barley marketing board, ABB Grain Ltd, expects net profits for the 2004-05 fiscal year to range between A$35 and $37 million when September 30 rolls around. . . . Continue or visitors click here Heinz Profits DeclineNEW YORK - Feb 28/05 - SNS -- H.J. Heinz Company reported net income of U.S. $152.4 million on sales of $2,261.2 million for the third quarter ending January 26, compared to net income of $202.3 million on sales of $2,097.2 million during the same period of the previous fiscal year. . . . Continue or visitors click here Hershey Changing Name, Creating DivisionsNEW YORK - Feb 28/05 - SNS -- Hershey Foods Corporation wants to change its name to The Hershey Company and create two new divisions under a restructuring plan announced today. . . . Continue or visitors click here General Mills DividendNEW YORK - Feb 28/05 - SNS -- General Mills declared a quarterly dividend at the prevailing rate of $.31 per share. . . . Continue or visitors click here PepsiCo Buys Out General Mills in JVNEW YORK - Feb 28/05 - SNS -- PepsiCo paid General Mills, Inc. U.S. $750 million for its 40.5% share in Snack Ventures Europe (SVE), ending the European snack joint venture between the two companies. . . . Continue or visitors click here
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