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Corporate market news for May 2005


Unilever Profits Expand

LONDON - May 6/05 - SNS -- Unilever reported an after tax profit of EUR981 million on sales of 9,266 million during the first quarter ending March 31, compared to EUR802 million on sales of 9,061 million the same quarter during the previous fiscal year. . . . Continue or visitors click here


Agricore Sells UGG Terminal

TORONTO - May 6/05 - SNS -- Agricore United has agreed to sell its former United Grain Growers Limited terminal elevator in Vancouver, British Columbia ("the Vancouver Terminal") to Terminal One Vancouver Ltd. . . . Continue or visitors click here


Australia's JK Group Invests in Saskatchewan

VANCOUVER - May 6/05 - SNS - Australia's JK Group has bought the assets of Byers Processing in Buchanan, Saskatchewan for an undisclosed sum. . . . Continue or visitors click here


Hot House Reports Net Income

TORONTO - May 9/05 - SNS -- Hot House Growers Income (HHGI) Fund reported net income of CDN $167,000 on sales of $4.728 million during the first quarter ending March 31, compared to a net loss of $211,000 on sales of $2.262 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


CBOT, Shanghai Futures Cooperate

CHICAGO - May 9/05 - SNS -- The Chicago Board of Trade (CBOT) and the Shanghai Futures Exchange (SHFE) have agreed to pursue cooperative programs and potential joint business projects. . . . Continue or visitors click here


Heinz Names Miller to UK Unit

NEW YORK - May 9/05 - SNS -- H. J. Heinz Company named Jane S. Miller the President of its U.K. and Ireland Business Unit. . . . Continue or visitors click here


Chiquita Reports $86.5M Q1 Net

NEW YORK - May 10/05 - SNS -- Chiquita Brands International, Inc. reported net income of U.S. $86.5 million on sales of $931.8 million during the first quarter ending March 31, compared to a net of $19.9 million on sales of $793.2 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


Ridley Profits Jump

TORONTO - May 10/05 - SNS -- Ridley Inc. reported net income of U.S. $5.7 million on sales of $121.7 million during the third quarter ending March 31, compared to a net result of $437,000 on sales of $121.8 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


Sanderson Expands Poultry Operations

NEW YORK - May 10/05 - SNS -- Sanderson Farms, Inc. will expand its Collins, Mississippi, poultry processing facility and hatchery. . . . Continue or visitors click here


Gold Kist Profits Rise, Sales Slip

NEW YORK - May 10/05 - SNS -- Gold Kist Inc. reported net income of U.S. $38.7 million on sales of $570.8 million during the second quarter ending April 2, compared to a net of U.S. $29.9 million on sales of $575.6 million during the same period of theprevious fiscal year. . . . Continue or visitors click here


CN Becomes Freight Forwarder

MONTREAL - May 10/05 - SNS -- CN has created CN WorldWide to provide freight forwarding services between Europe and North America. . . . Continue or visitors click here


WCE Trading Volume Down in April

WINNIPEG - May 10/05 - SNS -- Trading volumes on the Winnipeg Commodity Exchange (WCE) declined in April, with 145,023 futures and options contracts exchanging hands, down 15.4% from March 2005 and 36.9% lower than April 2004. . . . Continue or visitors click here


Agrium Declares Dividend

TORONTO - May 11/05 - SNS -- Agrium Inc. declared a dividend of five and one half cents U.S. (U.S.$0.055) per common share. . . . Continue or visitors click here


Premium Brands Buys Harlan

TORONTO - May 11/05 - SNS -- Premium Brands Inc. of Richmond, British Columbia, bought Harlan Fairbanks. . . . Continue or visitors click here


ConAgra Seeks New CEO

NEW YORK - May 11/05 - SNS -- ConAgra Foods Chairman and Chief Executive Officer Bruce Rohde is formally looking for his own successor. . . . Continue or visitors click here


Tyson Declares Dividend

NEW YORK - May 11/05 - 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


Nestle Waters in Algerian Partnership

NEW YORK - May 11/05 - SNS -- Nestlé Waters and the Boissons Gazeuses des Frères Zahaf Group (BGFZ), formerly Boissons Sidi El Kebir, have created a partnership company in Algeria, called Société Source de TABERKACHENT. . . . Continue or visitors click here


Bevo Agro Q3 Profits Up

TORONTO - May 12/05 - SNS -- Bevo Agro Inc. reported net earnings of CDN $170,835 on sales of $4.783 million during the third quarter ending March 31, compared to net earnings of $45,104 on sales of $2.637 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


Provena Foods Loss Narrows

NEW YORK - May 13/05 - SNS -- Provena Foods Inc. reported a loss of U.S. $162,676 on sales of $15.14 million for the first quarter ending March 31, compared to a loss of $360,697 on sales of $12.32 million during the same period of the previous fiscal year. . . . Continue or visitors click here


Roger Sugar Fund Distribution

TORONTO - May 13/05 - SNS -- Rogers Sugar Income Fund's trustees have authorized a monthly distribution of $0.0334 per trust unit. . . . Continue or visitors click here


Lakeside Packers Expanding

NEW YORK - May 13/05 - SNS -- Lakeside Packers of Brooks, Alberta will begin increasing its slaughter capacity starting in the middle of June, says the chief executive of Tyson Foods, which owns Lakeside. . . . Continue or visitors click here


Scheid Vineyards Reports Loss

NEW YORK - May 16/05 -SNS -- Scheid Vineyards Inc. reported a loss of U.S. $643,000 on revenues of $1.06 million during the first quarter ending March 31, compared to a loss of $559 million on gross revenues of $1.124 million during the same quarter ofthe previous fiscal year. . . . Continue or visitors click here


CN Served Strike Notice

TORONTO - May 16/05 - SNS -- CN Rail has been served strike notice by the Teamsters Canada Rail Conference (TCRC), which says its 1,750 members will walk off the job at 0001 hours May 18, 2005 unless a settlement is reached. . . . Continue or visitors click here


Nidera Buys Bayer's Brazilian Breeder Ops

LONDON - May 17/05 - SNS -- Bayer CropScience sold Nidera its Brazilian corn and soybean seed operations for undisclosed terms. . . . Continue or visitors click here


New CGC Chief Inspector

WINNIPEG - May 17/05 - SNS -- The Canadian Grain Commission (CGC) has appointed Randy Dennis as chief grain inspector for Canada. . . . Continue or visitors click here


Deere Profits Expand

NEW YORK - May 17/05 - SNS -- Deere & Company reported net income of U.S. $604 million on sales of $3,292 million during the second quarter ending April 30, compared to a net of $477 million on sales of $2,816 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


CN Averts Strike

TORONTO - May 18/05 - SNS -- CN and the Teamsters Canada Rail Conference (TCRC) reached an agreement in principle on a new labor contract for the company's locomotive engineers in Canada. . . . Continue or visitors click here


Heinz Declares Dividend

NEW YORK - May 18/05 - SNS -- The H.J. Heinz Company declared quarterly dividends on both common and preferred stock. . . . Continue or visitors click here


CPI Dividend Declared

NEW YORK - May 18/05 - SNS -- Corn Products International, Inc. declared a quarterly dividend of $0.07 per share on the Company's common stock. . . . Continue or visitors click here


Big Rock Brewery Trust Payout

TORONTO - May 19/05 - SNS -- Big Rock Brewery Income Trustwill distribute $0.11 per trust unit. . . . Continue or visitors click here


Cargill Buys Olpo

NEW YORK - May 19/05 - SNS -- Cargill was given approval by Romanian competition authorities to buy the oilseed crushing, refining and bottling company, Olpo. . . . Continue or visitors click here


Berger Named Heinz VP

NEW YORK - May 19/05 - SNS -- H.J. Heinz Company named Jeffrey P. Berger its Executive Vice President, responsible for the company's global foodservice business. . . . Continue or visitors click here


Franke Joins DuPont Professional Products

NEW YORK - May 19/05 - SNS -- DuPont Professional Products named Brenda Franke to the position of marketing manager. . . . Continue or visitors click here


Schultze Bids for Imperial Sugar

NEW YORK - May 20/05 - SNS -- Schultze Asset Management, LLC has made an unsolicited indication of interest in buying all of Imperial Sugar Company's outstanding shares. . . . Continue or visitors click here


JRI Buys ConAgra Terminals

WINNIPEG - May 20/05 - SNS -- James Richardson International Limited (JRI) bought four high-throughput elevators in Western Canada from ConAgra Limited. . . . Continue or visitors click here


Cargill Enters Brazilian Joint Venture

NEW YORK - May 20/05 - SNS -- Cargill has agreed in principle to invest in the Açucareira Corona sugar mills through a joint venture with Crystalsev and Fluxo. . . . Continue or visitors click here


Saforek To Regional Sales For MGPI

NEW YORK - May 20/05 - SNS -- Jeffrey Saforek is the new Director of Sales, Southeastern Region for Food Ingredient Solutions at MGP Ingredients, Inc. . . . Continue or visitors click here


Campbell Soup Profits Rise 2.8%

NEW YORK - May 23/05 - SNS -- Campbell Soup Company reported net earnings of U.S. $146 million on net sales of $1,736 million during the third quarter ending May 1, compared to net earnings of $142 million on sales of $1,667 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


Poultry Processor's Profits Dip

NEW YORK - May 24/05 - SNS -- Sanderson Farms, Inc. reported net income of U.S. $26.5 million on sales of $259.2 million during the second quarter ending April 30, compared to a net of $33.4 million on sales of $272.7 million during the same quarter the previous fiscal year. . . . Continue or visitors click here


Bunge Expands NA Operations

NEW YORK - May 24/05 - SNS -- Bunge North America has reached an agreement with Decatur Transit, Inc. to allow it to build a barge unloading and grain storage facility at Decatur Transit's Port of Decatur in Alabama. . . . Continue or visitors click here


AWB Reports $91.3M Profit

SYDNEY - May 25/05 - SNS -- The Australian wheat marketing board, AWB Limited, reported an after-tax profit of A$91.3 million for the six months ending 31 March 2005. . . . Continue or visitors click here


SunOpta Buys Earthwise

TORONTO - May 25/05 - SNS -- SunOpta Inc. reached an agreement to buy the assets and business of Earthwise Processors LLC, of Moorhead, Minnesota. . . . Continue or visitors click here


Hormel Profits Inch Upward

NEW YORK - May 26/05 - SNS -- Hormel Foods Corporation reported a pretax net income of U.S. $88.9 million on sales of $1,309.6 million during the second quarter ending May 1, compared to pretax income of $84.2 million on sales of $1,143.1 million during the same period of the previous fiscal year. . . . Continue or visitors click here


Heinz Reports Fourth Quarter Profit

NEW YORK - May 26/05 - SNS -- H.J. Heinz Company reported net income of U.S. $206.5 million on sales of $2,448.5 million during the fourth quarter ending April 27, compared to net income of $196.5 million on sales of $2,331.4 million during the same quarter the previous fiscal year. . . . Continue or visitors click here


Danone Ends Brewing Activities

LONDON - May 26/05 - SNS -- Groupe Danone is ending its involvement in the brewing business having reached an agreement with other shareholders of Mahou to sell them its 33.34% stake in the company to other shareholders for about EUR 600 million. . . . Continue or visitors click here


IBEW Ratifies CN Contract

TORONTO - May 26/05 - SNS -- The International Brotherhood of Electrical Workers (IBEW) ratified a four-year collective agreement with CN Rail. . . . Continue or visitors click here


Cargill Buys Pectin Business

NEW YORK - May 26/05 - SNS -- Cargill completed its purchase of the global pectin business of Citrico, a manufacturer and international supplier of citrus products for the food, beverage and pharmaceutical industries. . . . Continue or visitors click here


Megan Wheaton Named MFB Lobbyist

WASHINGTON - May 26/05 - SNS -- The Michigan Farm Bureau (MFB) named Megan Wheaton its associate national legislative counsel, taking over from Sarah Black, who was recently promoted to director of the MFB Public Policy and Commodity Division. . . . Continue or visitors click here


Chiquita Names Zalla CFO

NEW YORK - May 27/05 - SNS -- The board of directors of Chiquita Brands International, Inc. elected Jeffrey M. Zalla, senior vice president and chief financial officer, effective June 1, 2005. . . . Continue or visitors click here


Bunge Declares Dividend

NEW YORK - May 27/05 - SNS -- Bunge Limited increased its regularly quarterly cash dividend from $0.13 per share to $0.15 per share. . . . Continue or visitors click here


Chiquita Declares Dividend

NEW YORK - May 27/05 - 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


SWP Rights Offering Successful

TORONTO - May 27/05 - SNS -- The Saskatchewan Wheat Pool (SWP) successfully closed its $150 million rights offering for net proceeds of around $142.3 million. . . . Continue or visitors click here


DuPont Wins IAFP Award

NEW YORK - May 31/05 - SNS -- The International Association for Food Protection (IAFP) named DuPont the 2005 recipient of the Black Pearl Award. Sponsored by Wilbur Feagan and F & H Food Equipment Company, the Black Pearl Award will be presented at theIAFP Annual Meeting in Baltimore, Maryland in August. . . . Continue or visitors click here


Cargill Buys Ukraine Sunflower Plant

NEW YORK - May 31/05 - SNS -- Cargill will buy a sunflower seed crushing facility in Ukraine from Ukrainian consumer food company Chumak once Ukrainian regulatory approval is received. . . . Continue or visitors click here


WCE Sets New Daily Record

WINNIPEG - May 31/05 - SNS -- The Winnipeg Commodity Exchange (WCE) recorded its highest daily volume today since converting to an electronic trading platform on December 20, 2004. . . . Continue or visitors click here



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