Corporate market news for Jun 2005 ABB Declares A$21.3M ProfitSYDNEY - Jun 1/05 - SNS -- The Australian barley marketing board, ABB Grain Ltd, declared a net profit after tax of $21.3 million for the six months ending 31 March 2005. . . . Continue or visitors click here Tate & Lyle Profits Down 12%NEW YORK - Jun 2/05 - SNS -- Tate & Lyle PLC reported preliminary results for its 2005 fiscal year, which ended March 31, saying pretax profits were down 12%. . . . Continue or visitors click here SEC Drops General Mills InvestigationNEW YORK - Jun 2/05 - SNS -- The Securities and Exchange Commission (SEC) has decided to terminate its investigation of General Mills's sales practices and related accounting. . . . Continue or visitors click here SunOpta Completes Earthwise PurchaseTORONTO - Jun 2/05 - SNS -- SunOpta Inc. completed its purchase of the assets and business of Earthwise Processors, LLC (Earthwise), of Moorhead, Minnesota. . . . Continue or visitors click here Smithfield Declares $167.7M Q4 ProfitNEW YORK - Jun 3/05 - SNS -- Smithfield Foods, Inc. reported a U.S. $167.7 million operating profit on sales of $2,923.3 million during the fourth quarter ending May 1, compared to earnings of $142.4 million on sales of $2,522 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here Chiquita Employees Shared DataNEW YORK - Jun 4/05 - SNS -- Chiquita Brands International, Inc. confirmed that some employees had shared pricing and volume information over many years with competitors in Europe, and may have engaged in other conduct, in violation of European competition laws and company policies. . . . Continue or visitors click here Jones Resigns From Tyson BoardNEW YORK - Jun 4/05 - SNS -- David A. Jones resigned from the board of directors of Tyson Foods, Inc. effectively immediately. . . . Continue or visitors click here ADM Management AppointmentsNEW YORK - Jun 6/05 - SNS -- ADM named J. Kevin Burgard President-Specialty Food Ingredients in addition to his role as Vice President of the Company. . . . Continue or visitors click here Calavo - Limoneira Equity AgreementNEW YORK - Jun 7/05 - SNS -- Calavo Growers, Inc. and Limoneira Company announced equity cross-investments in each other's avocado packing and marketing operations. . . . Continue or visitors click here Cargill To Expand Chondroitin Sulfate OutputNEW YORK - Jun 7/05 - SNS -- Cargill has completed engineering for a planned expansion of OptaFlex natural chondroitin sulfate manufacturing at its Denver, Colorado, facility within the next few months. . . . Continue or visitors click here Union Decertified at Tyson PlantNEW YORK - Jun 8/05 - SNS -- A decision by workers to remove the union at Tyson's beef complex in Pasco, Washington has been certified by the National Labor Relations Board (NLRB), ending the Teamsters' 28-year affiliation with the plant, allowing the facility to operate union-free. . . . Continue or visitors click here Cargill Building Biodiesel PlantNEW YORK - Jun 9/05 - SNS -- Cargill will build a 37.5-million-gallons-per-year biodiesel plant and 30-million-pounds-per-year glycerin refinery in Iowa Falls, adjacent to its existing soybean crush facility. . . . Continue or visitors click here Agricore Declares DividendWINNIPEG - Jun 9/05 - SNS -- Agricore United declared a quarterly dividend of $0.03 per share on the Limited Voting Common Shares. . . . Continue or visitors click here Agricore's Handle Share Little ChangedWINNIPEG - Jun 9/05 - SNS -- Agricore United's share of the western Canadian grain handle is down from last year, slipping from 34.7% during the first half of the 2003-04 marketing year to 34.2% so far this season. . . . Continue or visitors click here Agricore Quarterly Loss NarrowsWINNIPEG - Jun 9/05 - SNS -- Agricore United reported a loss of CDN $5.4 million on sales and revenue of $640 million during the second quarter ending April 30, compared to a loss of $17.7 million on sales of $638.1 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here Laquatra Heads Heinz NutritionNEW YORK - Jun 9/05 - SNS -- H.J. Heinz Company named Idamarie Laquatra, Ph.D., R.D., L.D.N., its Director of Global Nutrition, based at the company's headquarters offices in Pittsburgh. . . . Continue or visitors click here Cargill Buys IBRNEW YORK - Jun 10/05 - SNS -- Cargill bought Integrated Bakery Resources (IBR), a provider of pre-mix systems, finished foods and related marketing services to North American-based bakers and retailers. . . . Continue or visitors click here Ralcorp Buys Medallion FoodsNEW YORK - Jun 13/05 - SNS -- Ralcorp Holdings, Inc. has agreed to buy Medallion Foods, Inc., a manufacturer of corn-based snack products including tortilla chips, corn chips and extruded corn products. . . . Continue or visitors click here SWP Loss Drops Under One MillionTORONTO - Jun 14/05 - SNS -- Saskatchewan Wheat Pool Inc. (SWP) reported a net loss of CDN $916,000 on sales and operating revenues of $288.016 million during the third quarter ending April 30, compared to a net loss of $9.141 million on sales of $255.176 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here SWP Reports Good Growth in HandleTORONTO - Jun 14/05 - SNS -- The Saskatchewan Wheat Pool (SWP) reported a good improvement in the volume of grain shipped through its facilities since the start of the 20045-05 marketing year. . . . Continue or visitors click here Hardy Named ConAgra Senior VPNEW YORK - Jun 14/05 - SNS -- ConAgra Foods Inc. named Jim Hardy its senior vice president, Enterprise Manufacturing, a new position for the company. . . . Continue or visitors click here Rogers Sugar Fund DistributionTORONTO - Jun 15/05 - SNS -- Rogers Sugar Income Fund's trustees authorized a monthly distribution of $0.0334 per trust unit. . . . Continue or visitors click here Chiquita Offers NotesNEW YORK - Jun 15/05 - SNS -- Chiquita Brands International, Inc. plans to offer $225 million aggregate principal amount of Senior Notes due 2015, subject to market and other customary conditions. . . . Continue or visitors click here Smucker Profit Margins NarrowNEW YORK - Jun 16/05 - SNS -- The J. M. Smucker Company reported net income of U.S. $22.1 million on sales of $491.5 million during the fourth quarter ending April 30, compared to a net of $22.2 million on sales of $312.4 million during the same quarter the previous fiscal year. . . . Continue or visitors click here Winn-Dann Foods Q1 Profit SlumpLONDON - Jun 16/05 - SNS -- Russia's Wimm-Bill-Dann Foods OJSC reported net income of U.S. $2.9 million on sales of $325.7 million during the quarter ending March 31, compared to net income of $5.3 million on sales of $278.3 million during the first quarter of the 2004 fiscal year. . . . Continue or visitors click here SWP Added to S&P/TSX Composite IndexTORONTO - Jun 17/05 - SNS -- The Saskatchewan Wheat Pool Inc. has been included in the Standard & Poor's Toronto Stock Exchange (S&P/TSX) Composite Index, effective Friday, June 17, 2005, after the close of trading. . . . Continue or visitors click here Heinz Buys Sauce BrandsNEW YORK - Jun 20/05 - SNS -- H.J. Heinz Company is buying some of Groupe Danone S.A.'s sauce brands for GBP 470 million (approximately US$855 million) in cash. . . . Continue or visitors click here SunOpta Concludes Cleugh PurchaseTORONTO - Jun 20/05 - SNS -- SunOpta Inc. completed its purchase of the outstanding shares of Cleugh's Frozen Foods, Inc. of Buena Park, California. The undisclosed purchase price includes cash and assumption of debt. . . . Continue or visitors click here ADM Receives EPA AwardsNEW YORK - Jun 20/05 - SNS -- Archer Daniels Midland Company won two United States Environmental Protection Agency (USEPA) Presidential Green Chemistry Awards. . . . Continue or visitors click here Chiquita Joins Conservation ProjectNEW YORK - Jun 20/05 - SNS -- The German Technical Cooperation (GTZ) and Chiquita Brands International are launching a new public-private partnership initiative – the Nogal Nature and Community Project – in Costa Rica. . . . Continue or visitors click here Maisonneuve Appointed to CGCOTTAWA - Jun 21/05 - SNS -- Agriculture Canada appointed Liliane Maisonneuve of Edmonton, Alberta as assistant commissioner with the Canadian Grain Commission (CGC). Maisonneuve will serve in Alberta for a three-year term. . . . Continue or visitors click here ConAgra Faces Class Action SuitNEW YORK - Jun 22/05 - SNS -- A securities class action lawsuit has been filed by the Law Offices of Brian M. Felgoise, P.C. on behalf of shareholders who acquired ConAgra Foods, Inc. securities between September 18, 2003, and June 7, 2005. . . . Continue or visitors click here Del Monte Profits DeclineNEW YORK - Jun 23/05 - SNS -- Del Monte Foods Company reported a net income of U.S. $19.3 million on sales of $847 million during the quarter ending May 1, compared to a net of $56.6 million on sales of $915.9 million during the fourth quarter of the previous fiscal year. . . . Continue or visitors click here Lilydale Ends Life as Co-operativeTORONTO - Jun 23/05 - SNS -- Lilydale Co-operative Limited will be converted from a co-operative to a corporation following a vote in favor of the restructuring at the poultry processor's annual and special meeting in Edmonton. . . . Continue or visitors click here Campbell Soup Company DividendNEW YORK - Jun 23/05 - SNS -- Campbell Soup Company declared a regular quarterly dividend on its capital stock of $.17 per share. . . . Continue or visitors click here Chiquita Prices NotesNEW YORK - Jun 24/05 - SNS -- Chiquita Brands International, Inc. announced today the pricing of an offering of $225 million aggregate principal amount of its Senior Notes, which are to bear interest at 8-7/8 percent per annum and mature on Dec. 1, 2015. . . . Continue or visitors click here General Mills DividendNEW YORK - Jun 27/05 - SNS -- General Mills will pay a quarterly dividend of 33 cents per share, payable August 1, 2005, to shareholders of record July 11, 2005. . . . Continue or visitors click here Central Canada Foods Profits UpTORONTO - Jun 27/05 - SNS -- Central Canada Foods Corporation reported a profit of CDN $35,100 on sales of $5.32 million during the second quarter ended April 30, compared to a profit of $645 on sales of $5.17 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here Cargill Buys China's PGTNEW YORK - Jun 28/05 - SNS -- Cargill Inc. completed its purchases of Peking University Green Technology Co. Ltd. (PGT)'s properties, including all the intellectual properties around the production, sales and marketing of food ingredient systems. . . . Continue or visitors click here Chiquite Completes Fresh Express PurchaseNEW YORK - Jun 28/05 - SNS -- Chiquita Brands International, Inc. completed its purchase of the Fresh Express unit of Performance Food Group. . . . Continue or visitors click here McCormick Declares DividendNEW YORK - Jun 28/05 - SNS -- McCormick & Company, Incorporated declared a quarterly dividend of $0.16 per share on its common stocks. . . . Continue or visitors click here General Mills Earnings RiseNEW YORK - Jun 29/05 - SNS -- General Mills reported net earnings of U.S. $460 million on sales of $2,719 million during the quarter ending May 29, compared to a net of $278 million on sales of $2,789 million during the fourth quarter of the previous fiscal year. . . . Continue or visitors click here Wrigley Completes Kraft Assets BuyNEW YORK - Jun 29/05 - SNS -- The Wm. Wrigley Jr. Company completed its $1.46 billion purchase of various confectionery assets of Kraft Foods Global, Inc. . . . Continue or visitors click here McCormick Profits Little ChangedNEW YORK - Jun 30/05 - SNS -- McCormick & Company, Incorporated reported net income of U.S. $42.8 million on sales of $628.6 million during the second quarter ending May 31, compared a net of $42.9 million on sales of $596.2 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here Del Monte Buys Back SharesNEW YORK - Jun 30/05 - SNS -- Del Monte Foods Co. repurchased about 12 million shares of its common stock from brokerage firm Goldman Sachs International for $125 million, or $10.42 per share. . . . Continue or visitors click here ConAgra Profits Down From 2004NEW YORK - Jun 30/05 - SNS -- ConAgra Foods Inc. reported a before tax profit of U.S. $101.9 million on revenues of $3,706.4 million during the fourth quarter ending May 29, compared to a profit of $169.3 million on sales of $3,843.1 million during thesame quarter the previous fiscal year. . . . Continue or visitors click here
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