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Corporate market news for Jun 2005


ABB Declares A$21.3M Profit

SYDNEY - 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 Investigation

NEW 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 Purchase

TORONTO - 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 Profit

NEW 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 Data

NEW 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 Board

NEW 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 Appointments

NEW 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 Agreement

NEW 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 Output

NEW 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 Plant

NEW 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 Plant

NEW 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 Dividend

WINNIPEG - 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 Changed

WINNIPEG - 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 Narrows

WINNIPEG - 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 Nutrition

NEW 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 IBR

NEW 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 Foods

NEW 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 Million

TORONTO - 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 Handle

TORONTO - 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 VP

NEW 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 Distribution

TORONTO - 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 Notes

NEW 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 Narrow

NEW 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 Slump

LONDON - 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 Index

TORONTO - 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 Brands

NEW 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 Purchase

TORONTO - 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 Awards

NEW 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 Project

NEW 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 CGC

OTTAWA - 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 Suit

NEW 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 Decline

NEW 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-operative

TORONTO - 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 Dividend

NEW 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 Notes

NEW 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 Dividend

NEW 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 Up

TORONTO - 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 PGT

NEW 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 Purchase

NEW 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 Dividend

NEW 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 Rise

NEW 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 Buy

NEW 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 Changed

NEW 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 Shares

NEW 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 2004

NEW 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



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