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Corporate market news for Jul 2005


ADM Expands Batchelder's Responsibilities

NEW YORK - Jul 1/05 - SNS -- Lewis Batchelder will assume oversight responsibilities for the ADM Animal Health & Nutrition division and ADM Alliance Nutrition, Inc. He is currently ADM Senior Vice President-Agricultural Services. . . . Continue or visitors click here


Demeter Enterprises Building Ethanol Plants

NEW YORK - Jul 1/05 - SNS -- Demeter Enterprises, LLC is seeking local approval to build three large-scale ethanol production facilities in Linden, Ind., Albion, Neb., and Bloomingburg, Ohio. . . . Continue or visitors click here


CN Engineers Ratify Contract

MONTREAL - Jul 4/05 - SNS -- Locomotive engineers who belong to the Teamsters Canada Rail Conference (TCRC) ratified their five-tear agreement with CN Rail. . . . Continue or visitors click here


Manitoba Invests in Poultry Co-op

WINNIPEG - Jul 4/05 - SNS -- Granny's Poultry Cooperative (Manitoba) Ltd. received CDN $900,000 from the Manitoba government to help fund a capital expansion program at its Blumenort plant. . . . Continue or visitors click here


Andersons Discounts Terminal Fire Impact

NEW YORK - Jul 5/05 - SNS -- The Andersons, Inc. says damage to one of its two ship-loading grain elevators in Toledo will not prevent it from meeting its customer service commitments. . . . Continue or visitors click here


Cargill Buys Balance of Finexor

NEW YORK - Jul 5/05 - SNS -- Cargill Inc.'s Argentine unit, Cargill SA, bought the remaining 50% of the beef exporting company Finexor. . . . Continue or visitors click here


CBOT Outlines Options for Anderson Grain Receipts

CHICAGO - Jul 6/05 - SNS -- The Chicago Board of Trade (CBOT) outlined options available to holders of the 137 wheat receipts issued at The Andersons Agricultural Group LP Edwin, Toledo elevator. . . . Continue or visitors click here


Fresh Del Monte Produce Dividend

NEW YORK - Jul 7/05 - SNS -- Fresh Del Monte Produce Inc. declared the regular quarterly cash dividend of twenty cents ($0.20) per share. . . . Continue or visitors click here


Sejet Plateforaedling Purchase Allowed

LONDON - Jul 8/05 - SNS -- Denmark's Carlsberg A/S and feed company Dansk Landbrugs Grovvareselskab will be allowed to buy the commercial plant breeder, Sejet Plateforaedling. . . . Continue or visitors click here


Bunge Buys Crimean Elevator

LONDON - Jul 8/05 - SNS -- Bunge Ukraine completed the purchase of the 50,000 metric ton (MT) capacity "Elita" grain elevator in Crimea. . . . Continue or visitors click here


Bunge Buys Chinese Soy Plant

NEW YORK - Jul 11/05 - SNS -- Bunge Limited has agreed to buy a controlling interest in an integrated soybean crushing and refining plant in the port city of Rizhao, Shandong Province, China, from Sanwei Group Ltd. Sanwei will retain a minority interest in the newly created joint venture company. . . . Continue or visitors click here


Noble Company Wins Linux Award

HONG KONG - Jul 12/05 - SNS -- A member company in the Noble group won the Industry-Based Grand Award of the 2005 Linux Business Awards here. . . . Continue or visitors click here


Bunge Buys Perdigao Assets

NEW YORK - Jul 13/05 - SNS -- Bunge Alimentos has bought Perdigao's soybean crushing and oil refining unit in Marau, in the Brazilian state of Rio Grande do Sul; and entered agreements to license the Perdigao's brands for seven years as well as supply the company with soybean meal for the next seven years. . . . Continue or visitors click here


Record Manitoba Crop Insurance Payout

WINNIPEG - Jul 13/05 - SNS -- Manitoba Crop Insurance Corporation (MCIC) paid out a record amount of money to settle claims in 2004, sending insured farmers CDN $197.7 million to cover 13,600 claims, Agriculture, Food and Rural Initiatives Minister Rosann Wowchuk said. . . . Continue or visitors click here


Campbell to Build New Plant

NEW YORK - Jul 15/05 - SNS -- Campbell Soup Company will build an $80 million, 220,000-square-foot culinary campus in Everett, Washington for its premium refrigerated soup business. . . . Continue or visitors click here


Chiquita Tweaks Fresh Express Management

NEW YORK - Jul 15/05 - SNS -- Chiquita Brands International, Inc. made a series of senior management changes at newly acquired Fresh Express. . . . Continue or visitors click here


Panama Port Facility to be Built

NEW YORK - Jul; 15/05 - SNS -- Four companies -- Grupo Melo, SA; Panavicola SA; ARCE Avicola SA; and Cargill Americas Inc. -- entered a joint venture agreement to build and operate a bulk discharge port facility near the city of Colon, Panama, at the Atlantic entrance of the Panama Canal. The joint venture company will be known as Desarrollo Posicional, SA. . . . Continue or visitors click here


Rogers Sugar Fund Distribution

TORONTO - Jul 15/05 - SNS -- Rogers Sugar Income Fund authorized a monthly distribution of $0.0334 per trust unit. . . . Continue or visitors click here


CPI Q2 Net Declines 10%

NEW YORK - Jul 19/05 - SNS -- Corn Products International, Inc. reported a net income of U.S. $26.5 million on sales of $646.9 million during the second quarter ending June 30, compared to a net of $29.5 million on sales of $615.5 million during the same three-month period of the previous fiscal year. . . . Continue or visitors click here


Tyson Settles Producer Lawsuit

NEW YORK - Jul 19/05 - SNS -- Tyson Foods, Inc. settled a lawsuit stemming its decision in 2002 to restructure its live swine operations in Arkansas and eastern Oklahoma. . . . Continue or visitors click here


Heinz Buys Nancy's

NEW YORK - Jul 19/05 - SNS -- H.J. Heinz Company is buying privately-held Nancy's Specialty Foods, Inc. from affiliates of Kohlberg & Company, LLC. Terms of the agreement were not disclosed. . . . Continue or visitors click here


Tyson Consolidating Operations in Two States

NEW YORK - Jul 19/05 - SNS -- Tyson Foods, Inc. will close its poultry processing plant in Bentonville, Arkansas and expand operations at Russellville, Arkansas and Forest, Mississippi. . . . Continue or visitors click here


Chiquita Declares Dividend

NEW YORK - Jul 19/05 - 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


Trehalose Approved in Canada

NEW YORK - Jul 19/05 - SNS -- Canada has approved trehalose for use as a nutritive sweetener in human food applications. . . . Continue or visitors click here


ADM Sterling Ethanol Agreement

NEW YORK - Jul 20/05 - SNS -- Archer Daniels Midland Company and Sterling Ethanol, LLC have entered an ethanol marketing agreement which will see ADM market all ethanol produced at the Sterling, Colorado facility. . . . Continue or visitors click here


CN Buying Back 6 Million Shares

MONTREAL - Jul 20/05 - SNS -- CN will try to buy back up to 16 million, or around 6% of the 275.4 million CN common shares issued and outstanding as of July 8. . . . Continue or visitors click here


CN Reports $416 Q2 Profit

MONTREAL - Jul 20/05 - SNS -- CN re[ported net income of CDN $416 million on revenue of $1,838 million during the three months ending June 30, compared to a net of $326 million on revenue of $1,665 million during the second quarter of the previous fiscal year. . . . Continue or visitors click here


CN Declares Dividend

MONTREAL - Jul 20/05 - SNS -- CN has approved a third-quarter 2005 dividend of CDN $0.25 per common share. . . . Continue or visitors click here


Cote Leaves Rogers and Lantic Sugar

TORONTO - Jul 20/05 - SNS -- Pierre G. Cote has resigned as President, CEO and Director of Lantic Sugar Limited and Rogers Sugar Ltd. . . . Continue or visitors click here


Danone Profits Slide

NEW YORK - Jul 21/05 - SNS -- Groupe Danone reported net income of EUR 347 million on sales of EUR 6,437 million for the first half of the current fiscal year, compared to a net income of EUR 547 on sales of EUR 6,257 million last year. . . . Continue or visitors click here


Hershey Reports 34% Plunge in Net Income

NEW YORK - Jul 21/05 - SNS -- The Hershey Company reported net income of U.S. $97.361 million on sales of $988.447 million during the quarter ending July 4, compared to a net of $147.217 million on sales of $893.688 million during the second quarter ofthe previous fiscal year. . . . Continue or visitors click here


Monsanto Complete Share Repurchase

NEW YORK - Jul 21/05 - SNS -- Monsanto Company says it completed its $500 million share repurchase program a year ahead of the authorized expiration period. . . . Continue or visitors click here


Pilgrim's Pride Profits Widen

NEW YORK - Jul 25/05 - SNS -- Pilgrim's Pride Corporation reported net income of $85.4 million on sales of $1,440 million for the third quarter ending July 2, compared to net income of just $9.8 million on sales of $1,448 million during the same three-month period of the previous fiscal year. . . . Continue or visitors click here


Kellogg Dividend Declared

NEW YORK - Jul 25/05 - SNS -- Kellogg Company declared a dividend of $.2775 per share on the common stock of the Company. . . . Continue or visitors click here


Monsanto Offers Notes

NEW YORK - Jul 25/05 - SNS -- Monsanto Company is offering to exchange a new series of Senior Notes due 2025 for up to $400 million of its outstanding $800 million 7 3/8 percent Senior Notes due 2012, which were issued in 2002. . . . Continue or visitors click here


SWP Offers Minor Shareholder Program

TORONTO - Jul 26/05 - SNS -- Saskatchewan Wheat Pool Inc. is working on a program to bring the holdings of minor shareholders to at least 100 shares or to sell their holdings. . . . Continue or visitors click here


Senior Changes Slated for Hormel

NEW YORK - Jul 26/05 - SNS -- Hormel Foods Corporation said James A. Jorgenson, senior vice president, staff services, and Dr. Forrest D. Dryden, vice president, research and development, will retire at the end of the year. . . . Continue or visitors click here


BNSF Freight Revenue Soars

NEW YORK - Jul 26/05 - SNS -- Burlington Northern Santa Fe Corporation (BNSF) reported a 15% increase in second quarter freight revenues to a quarterly record of $3.04 billion compared with 2004 second-quarter freight revenues of $2.64 billion. . . . Continue or visitors click here


Hershey Buying Scharffen Berger

NEW YORK - Jul 26/05 - SNS -- The Hershey Company has agreed to buy Scharffen Berger Chocolate Maker, Inc., a premium dark chocolate maker based in Berkeley, California. . . . Continue or visitors click here


Land O'Lakes Profits Increase

NEW YORK - Jul 26/05 - SNS -- Land O'Lakes, Inc. reported net income of U.S. $25.847 million on sales of $1,802 million during the second quarter ending June 30, compared to a net of $16.7 million on sales of $1,993 million last year. . . . Continue or visitors click here


Noble Announces Management Changes

HONG KONG - Jul 27/05 - SNS -- Noble Group Limited announced senior management changes in its grains division. . . . Continue or visitors click here


Goderich Elevator Dividend

TORONTO - Jul 27/05 - SNS -- Goderich Elevators Limited declared a special dividend of $5.00 per share on the outstanding common shares of the company. . . . Continue or visitors click here


CGC Appoints New Prairie Director

WINNIPEG - Jul 27/05 - SNS -- The Canadian Grain Commission (CGC) appointed Sandy HayGlass as regional director, Prairie region. . . . Continue or visitors click here


CNH Global Q2 Profits Increase

NEW YORK - Jul 27/05 - SNS -- CNH Global N.V. reported a net income of U.S. $114 million on revenue of $3,571 million during the second quarter ending June 30, compared to a net of $83 million on revenue of $3,398 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here


ADM Derivatives Inc. Created

NEW YORK - Jul 27/05 - SNS -- ADM Investor Services, Inc. (ADMIS) is launching ADM Derivatives, Inc. to offer foreign exchange services to institutional and retail clients through its Global Foreign Exchange department. . . . Continue or visitors click here


Kellogg Profits Advance

NEW YORK - Jul 27/05 - SNS -- Kellogg Company reported net earnings of U.S. $259 million on sales of $2,587.2 million during the second quarter ending July 2, compared a net of $237.4 million on sales of $2,387.3 million last year. . . . Continue or visitors click here


AWB Institutes Reforms

SYDNEY - Jul 28/05 - SNS -- The Australian wheat marketing board, AWB International Limited (AWBI), will institute further reforms suggested by the 2005 Wheat Marketing Review, said board chairman Brendan Stewart. . . . Continue or visitors click here


John Deere Invests in Wind Energy

NEW YORK - Jul 28/05 - SNS -- Deere & Company made equity investments in several wind energy projects in the rural U.S. and has created a business unit to provide project development, debt financing and other services to those interested in harvesting the wind. Deere also said it has no plans to manufacture wind turbines. . . . Continue or visitors click here


Tate & Lyle Plant Expansion

NEW YORK - Jul 28/05 - SNS -- Tate & Lyle PLC will spend around U.S. $75 million expanding its Loudon, Tennessee, facility. . . . Continue or visitors click here


Bunge Reports Minor Hike in Profits

NEW YORK - Jul 28/05 - SNS -- Bunge Limited reported a net income of U.S. $113 million on net sales of $5,872 million during the second quarter ending June 30, compared to income of $112 million on sales of $6,657 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here


Pilgrim's Pride Dividend

NEW YORK - Jul 28/05 - SNS -- The North American poultry producer, Pilgrim's Pride Corporation, declared a quarterly dividend of 1 1/2 cents per share. . . . Continue or visitors click here


ADM Profits Top $1 Billion

NEW YORK - Jul 29/05 - SNS -- Archer Daniels Midland reported net earnings of U.S. $195.5 million on income of $9,432.7 million during the fourth quarter ending June 30, compared to a net loss of $103.1 million on income of $9,686 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here


Vancouver Terminal Sale Delayed

WINNIPEG - Jul 29/05 - SNS -- The closing date for the sale of the former United Grain Growers Limited terminal elevator in Vancouver, British Columbia to Terminal One Vancouver Ltd. by Agricore United has been delayed. . . . Continue or visitors click here



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