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Corporate market news for Feb 2006


Noble Buys Chinese Soy Crusher

HONG KONG - Feb 1/06 - SNS -- Noble Group Limited is buying an integrated soybean crushing and refining plant in the port of Qinzhou, Guangxi Autonomous Region, China, from Siping Hongzui Grease Limited. . . . Continue or visitors click here


Lehman Seeks Heinz Seafood

NEW YORK - Feb 1/06 - SNS -- H.J. Heinz Company received an offer and is in advanced and exclusive negotiations with Lehman Brothers Merchant Banking for the sale of its European Seafood business. . . . Continue or visitors click here


Royster-Clark Board Back Agrium Bid

NEW YORK - Feb 1/06 - SNS -- The Board of Directors of Royster-Clark Ltd. and Royster-Clark ULC recommend shareholders of income deposit securities (IDSs) accept Agrium's revised offer of CDN $11.90 per IDS and tender their IDSs to the revised offer. . . . Continue or visitors click here


Potash Corp Boosts Sinochem Holdings

TORONTO - Feb 1/06 - SNS -- Potash Corporation of Saskatchewan Inc. intends to exercise its option to purchase an additional 10.01% of the shares in Sinochem Hong Kong Holdings Limited, more commonly known as Sinofert. . . . Continue or visitors click here


WCE Sets Daily Trading Record

WINNIPEG - Feb 1/06 - SNS -- The Winnipeg Commodity Exchange (WCE) Trade posted an all-time daily volume record on January 31, with 33,381 contracts traded. . . . Continue or visitors click here


Noble Buys ConAgra's JOGCO

HONG KONG - Feb 2/06 - SNS -- Noble Group Limited has purchased ConAgra Foods' entire equity interest in Jordan Grain Handling and Milling Company Ltd. (JOGCO). . . . Continue or visitors click here


Mexico's Gruma Buys Australia's Rositas

NEW YORK - Feb 2/06 - SNS -- Mexico's Gruma SA around U.S. $13.2 million for Australian tortilla maker Rositas Investments Pty. Ltd. . . . Continue or visitors click here


CWB Offers Matching Funds For Barley Research

WINNIPEG - Feb 2/06 - SNS -- The Canadian Wheat Board committed up to CDN $300,000 in matching fund to researchers at the Brandon Research Centre who are working on fusarium head blight in barley. . . . Continue or visitors click here


ConAgra Puts Meat Businesses on Block

NEW YORK - Feb 3/06 - SNS -- ConAgra Foods Inc. plans to sell most of its refrigerated meats businesses, including the Armour, Butterball, and Eckrich brands. . . . Continue or visitors click here


Magnusson Heads ND Seed Regulatory Program

FARGO - Feb 3/06 - SNS -- Joe Magnusson will manage the seed regulatory program for the North Dakota State Seed Department, succeeding James Swanson, who retired at the end of January. . . . Continue or visitors click here


Agricore Buys SWP Interest in Terminal

REGINA - Feb 3/06 - SNS -- Agricore United has bought the Saskatchewan Wheat Pool's (SWP) half interest in the jointly held Lloydminster Joint Venture (Lloydminster Terminal). . . . Continue or visitors click here


Garber Joins NGFA

WASHINGTON - Feb 3/06 - SNS -- The National Grain and Feed Association (NGFA) named Joseph Garber its executive staff as director of regulatory and technical affairs, effective February 13. . . . Continue or visitors click here


ADM Boost Dividend

NEW YORK - Feb 6/06 - SNS -- Archer Daniels Midland Company declared a cash dividend of ten cents a share on the Company's stock. . . . Continue or visitors click here


Gold Kist Net Income Doubles

NEW YORK - Feb 6/06 - SNS -- Gold Kist Inc. reported net income of U.S. $4.193 million on sales of $551.958 million for the first quarter ending January 1, compared to a net of $2.543 million on sales of $545.36 million during the same three month period last year. . . . Continue or visitors click here


Strahl Given Canada's Ag Portfolio

OTTAWA - Feb 6/06 - SNS -- British Columbia MP Chuck Strahl has been given the complete agriculture portfolio under Canada's fledgling Conservative government. . . . Continue or visitors click here


Cargill Cleared to Buy Pagnan Business

NEW YORK - Feb 7/06 - SNS -- Cargill's purchase of the inland water transport business of the Italian company Pagnan has been cleared by The European Commission. . . . Continue or visitors click here


MSP Joins Vistive Bandwagon

NEW YORK - Feb 7/06 - SNS -- Minnesota Soybean Processors will process Monsanto Company's Vistive low-linolenic soybeans in 2006 and market the resulting oil. . . . Continue or visitors click here


Maciel Joins ADM Board

NEW YORK - Feb 7/06 - SNS -- Archer Daniels Midland Company's shareholders elected Antonio Maciel Neto as a director, thereby increasing the size of its Board of Directors to ten. . . . Continue or visitors click here


Fontanelle to Distribute Interstate Hybrids

NEW YORK - Feb 7/06 - SNS -- Fontanelle Hybrids has entered a distribution agreement for the Interstate brand of sunflower varieties in Nebraska, Kansas and Colorado, according to Steve Pike, Fontanelle Hybrids sales manager. . . . Continue or visitors click here


Land O'Lakes Records Q4 Loss

NEW YORK - Feb 7/06 - SNS -- Land O'Lakes, Inc. reported a net loss of U.S. $1,638,000 on sales of $2,001.275 million for the fourth quarter ending December 31, compared to a loss of $10.553 million on sales of $1,891.635 million during the same three month period in 2004. . . . Continue or visitors click here


ADM Expands Dutch Rapeseed Crush Capacity

NEW YORK - Feb 8/06 - SNS -- Archer Daniels Midland Company will increase its rapeseed crushing capacity in the Netherlands by converting an existing soybean crushing line to provide multi-seed crushing capacity at its Europoort location. . . . Continue or visitors click here


WCE Reports Big January

WINNIPEG - Feb 8/06 - SNS -- Monthly volume records continue to be set by the Winnipeg Commodity Exchange since converting from an open outcry to computer traded system. . . . Continue or visitors click here


Unilever Selling Frozen Foods Ops

NEW YORK - Feb 9/06 - SNS -- Unilever plans to sell most of its European frozen foods businesses, keeping just the Italian operations. . . . Continue or visitors click here


Bunge Reports

NEW YORK - Feb 9/06 - SNS -- Bunge Limited reported net income of U.S. $149 million on sales of $6,726 million during the fourth quarter ending December 31, compared to a net of $105 million on sales of $6,121 million during the same three month periodone year earlier. . . . Continue or visitors click here


Agrium Buys Royster-Clark

NEW YORK - Feb 9/06 - SNS -- Agrium Inc. bought 32,070,190 Royster-Clark Income Deposit Securities (IDSs), giving it control over 98.6% of the IDSs. Agrium has taken up all of the IDSs deposited under the offer, which expired on February 8, 2006. . . . Continue or visitors click here


Agricore United Board Names

WINNIPEG - Feb 10/06 - SNS -- Agricore United's Board of Directors re-elected Wayne Drul as Chair and Jon K. Grant as First Vice-Chair. . . . Continue or visitors click here


ADM Building Nebraska Ethanol Plant

NEW YORK - Feb 10/06 - SNS --Archer Daniels Midland Company will build a dry corn milling plant with an initial annual capacity of 275 million gallons adjacent to the existing ethanol plant in Columbus, Nebraska. . . . Continue or visitors click here


Deere Profit Rises in First Quarter

NEW YORK - Feb 14/06 - SNS -- Deere & Company reported net income of U.S. $236 million on sales of $4,202 million during the first quarter ending January 31, compared to a net of $223 million on sales of $3,935 million during the same quarter last year. . . . Continue or visitors click here


Hershey Names VP Global Chocolate

NEW YORK - Feb 15/06 - SNS -- The Hershey Company named Andrea Thomas Vice President, Global Chocolate. . . . Continue or visitors click here


Tyson Closes Two Nebraska Plants

NEW YORK - Feb 15/06 - SNS -- Tyson Foods, Inc. will permanently close its beef processing plant in Norfolk and beef slaughter plant in West Point, Nebraska. Production will be shifted primarily to the company’s beef complex in Dakota City, Nebraska, which is completing a new beef processing addition. . . . Continue or visitors click here


Rogers Sugar Fund Distribution

TORONTO - Feb 15/06 - 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, 2006, payable on or before March 30, 2006. . . . Continue or visitors click here


Hot House Distribution

TORONTO - Feb 16/06 - SNS -- Hot House Growers Income Fund declared a cash distribution of $0.03 per unit for the month ending February 28, 2006. . . . Continue or visitors click here


Midwest Ethanol Expansion Complete

NEW YORK - Feb 16/06 - SNS -- Cooperative-owned ethanol venture Midwest Grain Processors, LLC has completed a $40 million expansion of its fuel ethanol plant in Lakota, Iowa, lifting annual plant capacity to 100 million gallons. . . . Continue or visitors click here


U.S. Honey Board Members Named

WASHINGTON - Feb 16/06 - SNS -- The USDA appointed four members and four alternate members to serve on the National Honey Board. . . . Continue or visitors click here


Hershey Dividend

NEW YORK - Feb 16/06 - SNS -- The Hershey Company declared quarterly dividends of $.245 on the Common Stock and $.22 on the Class B Common Stock. . . . Continue or visitors click here


U.S. Avocado Board Members Named

WASHINGTON - Feb 16/06 - SNS -- The USDA appointed three alternate importer members to serve on the Hass Avocado Board. . . . Continue or visitors click here


Chiquita Dividend

NEW YORK - Feb 16/06 - 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


Campbell Net Earnings Up

NEW YORK - Feb 17/06 - SNS -- Campbell Soup Company reported net earnings of $254 million on sales of in the second quarter ended January 29, compared to net earnings of $235 million during the same three-month period of the previous fiscal year. . . . Continue or visitors click here


Kellogg Buys Back Shares

NEW YORK - Feb 17/06 - SNS -- Kellogg Company has entered into an agreement to repurchase 12,784,751 of its shares from the W.K. Kellogg Foundation Trust for $550 million in a privately negotiated transaction. . . . Continue or visitors click here


Kubota Opens Georgia Plant

NEW YORK - Feb 19/06 - SNS -- Kubota Corporation has opened the Kubota Industrial Equipment (KIE) Corporation manufacturing facility in Jefferson, Georgia. . . . Continue or visitors click here


CIFFA Details Bank Scam

VANCOUVER - Feb 20/06 - SNS -- A member of the Canadian Industrial Freight Forwarders Association (CIFFA) reports they were the victim of an attempt to withdraw CDN $68,000 from their bank account. . . . Continue or visitors click here


Chiquita, Core-Mark Distribution Agreement

NEW YORK - Feb 22/06 - SNS -- Chiquita Brands International, Inc. and Core-Mark International have entered into an arrangement to distribute Chiquita bananas using Landec Corporation's patented packaging technology to convenience stores throughout the Core-Mark network. . . . Continue or visitors click here


UK Clears Heinz HP Purchases

NEW YORK - Feb 22/06 - SNS -- The UK Competition Commission has provisionally cleared the completed acquisition by H.J. Heinz Company of the HP Foods Group. . . . Continue or visitors click here


Global Grain Drops License

WINNIPEG - Feb 22/0-6 - SNS -- The Canadian Grain Commission (CGC) has not renewed the grain dealer and primary elevator licences of Plum Coulee, Manitoba's Global Grain Canada Ltd. . . . Continue or visitors click here


Chiquita Reports Q4 Loss

NEW YORK - Feb 22/06 - SNS -- Chiquita Brands International, Inc. reported a net loss of U.S. $19 million on sales of $999.1 million during he fourth quarter ending December 31, compared to a net profit of $25.1 million on sales of $768.3 million during the same quarter the previous year. . . . Continue or visitors click here


Noble Gets Shellacked in 2005

NEW YORK - Feb 23/06 - SNS -- Noble Group Limited reported a net profit of U.S. $231.9883 million on sales of $11,690.929 million for the fiscal year ending December 31, compared to a net of $289.007 million on gross sales of $8,622.253 million the previous fiscal year. . . . Continue or visitors click here


Monsanto Settles UC Patent Case

NEW YORK - Feb 27/06 - SNS -- Monsanto Company and the Regents of the University of California signed an agreement which mutually resolves issues between them regarding possible infringement and validity of patent rights relating to the production of bovine somatotropin. . . . Continue or visitors click here


Kraft Dividend

NEW YORK - Feb 28/06 - SNS -- Kraft Foods Inc. declared a regular quarterly dividend of $0.23 per common share of Class A and Class B stock. . . . Continue or visitors click here


Heinz Reports Lower Profits

NEW YORK - Feb 28/06 - SNS -- H.J. Heinz Company reported net income of U.S. $116.6 million on sales of $2,187 million for the third quarter ending January 25, compared to a net of $152.4 million on sales of $2,069 million during the same three month period last year. . . . Continue or visitors click here



Articles are archived for the months:
2008:Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
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 |


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