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Corporate market news for May 2006


Jimenez Leaves Heinz

NEW YORK - May 1/06 - SNS -- H.J. Heinz Company announced Joseph Jimenez will leave Heinz effective April 28, 2006. . . . Continue or visitors click here


Imperial Sugar Dividend

NEW YORK - May 1/06 - SNS -- Imperial Sugar Company declared a regular quarterly cash dividend of $0.06 per share payable on May 26, 2006 to shareholders of record on May 16, 2006. . . . Continue or visitors click here


ADM Reports 29% Profit Jump

NEW YORK - May 2/06 - SNS -- Archer Daniels Midland reported net earnings of U.S. $348 million on sales of $9,123 million during the three months ending March 31, compared to a net of $269 million revenues of $8,484 million during the third quarter of the previous fiscal year. . . . Continue or visitors click here


CNH Global Profits Triple

NEW YORK - May 2/06 - SNS -- CNH Global N.V. reported net income of U.S. $43 million sales and other income of $3,161 million for the three months ending March 31, compared to a net of $15 million on revenues of $3,003 million during the first quarter of the previous fiscal year. . . . Continue or visitors click here


Heinz Sells More Business Units

NEW YORK - May 3/06 - SNS -- H.J. Heinz Company sold two additional businesses as the company seeks to refocus on three core businesses: Ketchup and Sauces; Meals and Snacks; and Infant Food. . . . Continue or visitors click here


Imperial Sugar Profits Improve

NEW YORK - May 4/06 - SNS -- Imperial Sugar Company reported net income of U.S. $7/132 million on sales of $221.264 million during the second quarter ending March 31, compared to a net loss of $1.074 million on sales of $171.492 million during the samethree month period last year. . . . Continue or visitors click here


Cargill Building French Rapeseed Plant

NEW YORK - May 4/06 - SNS -- Cargill plans to spend over 50 million euro to build a rapeseed crushing plant at its existing site at the port of Montoir in western France. . . . Continue or visitors click here


Energy Costs Whack Chiquita Profits

NEW YORK - May 4/06 - SNS -- Chiquita Brands International, Inc. reported net income of U.S. $19.5 million on sales of $1,153.7 million for the quarter ending March 31, compared to a net of $86.5 million on sales of $931.8 million during the first quarter of the previous fiscal year. . . . Continue or visitors click here


Agricore Pioneer Seed Sales Agreement

WINNIPEG - May 8/06 - SNS -- Agricore United and Pioneer Hi-Bred Limited entered a new hybrid canola agreement that will give Agricore United customers access to products exclusively provided by the Pioneer Hi-Bred canola breeding program. . . . Continue or visitors click here


FCC Sells Agribiotics Share

TORONTO - May 9/06 - SNS -- FCC Ventures, a division of Farm Credit Canada, has sold its shares of Agribiotics Holdings Inc. to Nitragin Holdings Inc., the Canadian affiliate of Merck KGaA. . . . Continue or visitors click here


ADM Plans Iowa Ethanol Plant

NEW YORK - May 10/06 - SNS -- Archer Daniels Midland Company (ADM) plans to build its second ethanol plant in Cedar Rapids, Iowa. . . . Continue or visitors click here


ADM Expands German Plants

NEW YORK - May 11/06 - SNS -- Archer Daniels Midland Company will expand its Hamburg facility with the addition of a palm oil refinery that will have an annual capacity of 350,000 metric tons (MT) per year. . . . Continue or visitors click here


Noble First Quarter Profits Up

NEW YORK - May 11/06 - SNS -- Noble Group Limited reported a net profit of U.S. $35.112 million on gross revenue of $2,791.208 million for the three months ending March 31, up from a net of $30.036 million on revenues of $2,630.868 million during the previous quarter. . . . Continue or visitors click here


Agricore Extends Weather Risk Insurance

WINNIPEG - May 12/06 - SNS -- Agricore United extended its current integrated risk financing program which will expire October 31, 2006. . . . Continue or visitors click here


Trustee Named to Sell Agricore Terminal

WINNIPEG - May 15/06 - SNS -- Grant Thornton LLP of Vancouver, British Columbia, has been appointed Trustee to sell the former United Grain Growers Limited grain terminal in Vancouver, British Columbia in accordance with the terms of a consent agreement between Agricore United and the Commissioner of Competition dated October 17, 2002. . . . Continue or visitors click here


Mitsui Buys Part of SWP

REGINA - May 16/06 - SNS -- Japan's Mitsui & Co., Ltd. bought a CDN $3 million stake in the Saskatchewan Wheat Pool (SWP), paying $7.6436 per common share on a private placement basis . . . Continue or visitors click here


Deere Reports Increased Net

NEW YORK - May 16/06 - SNS -- Deere & Company reported net income of U.S. $745 million on gross revenue of $6,562 million for the second quarter ending April 30, compared to a net of $604 million on revenue of $6,441 million during the same three monthperiod last year. . . . Continue or visitors click here


Chambers Joins SWP Board

TORONTO - May 16/06 - SNS -- The Saskatchewan Wheat Pool (SWP) named Thomas Chambers to its Board of Directors effective immediately, filling a vacant position on the Board. . . . Continue or visitors click here


BASF Buys CropDesign

NEW YORK - May 17/06 - SNS -- BASF bought the Belgium company, CropDesign, but did not disclose financial details. . . . Continue or visitors click here


Hot House Distribution

TORONTO - May 18/06 - SNS -- Hot House Growers Income Fund declared a cash distribution of $0.03 per unit for the month ending May 31, 2006. . . . Continue or visitors click here


Greeleaf Genetics Names Senior Execs

NEW YORK - May 18/06 - SNS -- GreenLeaf Genetics LLC named Dawn Judkins its Chief Financial Officer, Dave Gebhardt Chief Technology Officer and Greg Kegler Chief Operating/Information Officer. . . . Continue or visitors click here


ADM Price Fixing Fine Upheld

BRUSSELS - May 18/06 - SNS -- A U.S. $56.6 million or Euros 43.9 million fine against Archer Daniels Midland Co. for fixing the price of lysine used in animal feed was upheld by the European Union's Court of Justice. . . . Continue or visitors click here


CWB Has New Tokyo Manager

WINNIPEG - May 18/06 - SNS -- The Canadian Wheat Board (CWB) named Derek Sliworsky to replace the retiring David Iwaasa as general manager of its Tokyo office. . . . Continue or visitors click here


ABF Seeks 51% of Illovo Sugar

NEW YORK - May 19/06 - SNS -- Associated British Foods PLC (ABF) has offered to pay 317 million pounds sterling or about U.S. $617 million for 51% of Illovo Sugar Limited's shares. . . . Continue or visitors click here


ADM Creates Hong Kong Company

NEW YORK - May 19/06 - SNS -- ADM Investor Services (ADMIS) through an affiliated company, ADMIS Holding Company, bought the commodity brokerage firm Refco Hong Kong Limited to create ADMIS Hong Kong Limited. . . . Continue or visitors click here


Campbell's Q3 Profits Increase

NEW YORK - May 22/06 - SNS -- Campbell Soup Company reported net earnings of U.S. $166 million on net sales of $1,836 million during the third quarter ending April 30, compared to net earnings of $146 million on sales of $1,736 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here


Australia's Uncle Tobys Sold

NEW YORK - May 23/06 - SNS -- Cereal Partners Worldwide (CPW), a joint venture between Nestle and General Mills, plans to purchase the Uncle Tobys ready-to-eat and hot cereal business in Australia for approximately US $375 million in cash. . . . Continue or visitors click here


McIntosh Chairs CPMA

WINNIPEG - May 23/06 - SNS -- Larry McIntosh, President and C.E.O. of Peak of the Market, has been named chair of the Canadian Produce Marketing Association (CPMA), . . . Continue or visitors click here


Goderich Buying Back Shares

TORONTO - May 24/06 - SNS -- Goderich Elevators Limited will buy back up to 16,168 common shares on the over the counter market between May 31 of this year and May 31 of next year, according to a filing with the Ontario Securities Commission. . . . Continue or visitors click here


AWB Profits Sink

SYDNEY - May 24./06 - SNS -- The Australian wheat marketing board, AWB Limited, reported an after tax profit of A$46 million for the six months ending March 31, versus $105.1 million after the first six months of the previous fiscal year. . . . Continue or visitors click here


Sanderson Loss Expands in Second Quarter

NEW YORK - May 25/06 - SNS - Sanderson Farms, Inc. reported a net loss of U.S. $16.649 million on sales of $225.069 million for the second quarter ending April 30, compared to a net gain of $26.52 million on sales of $259.176 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


Bunge Increases Dividend

NEW YORK - May 26/06 - SNS -- Bunge Limited approved an increase in the company's quarterly cash dividend from $0.15 to $0.16 per share. . . . Continue or visitors click here


ABB Profits Climb

SYDNEY - May 29/06 - SNS -- The Australian barley marketing board, ABB Grain Ltd., reported a net profit of A$44.8 million for the six months ending March 31, up 24% from the net reported for the same six month period of the previous fiscal year. . . . Continue or visitors click here


Chiquita Dividend

NEW YORK - May 30/06 - 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


Cargill Building Soy Plant

NEW YORK - May 31/06 - SNS -- Cargill plans to replace its existing soybean processing facility in Kansas City with a new plant. . . . Continue or visitors click here



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