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Corporate market news for Nov 2004


Cargill Buys Into Olpo

NEW YORK - Nov 1/04 - SNS -- Cargill Inc has reached an agreement in principle to buy a majority share in the Romanian oil seed crushing, refining and bottling company, Olpo. Agreement has been reached with Topway -- the holding company -- and its shareholders and is dependent on due diligence and regulatory approval. . . . Continue or visitors click here


Algeria Selling Government Sugar Plant

LONDON - Nov 1/04 - SNS -- The Algerian government-owned Enasucre will be sold to Blanky International Trading, according to the Algerian news media. . . . Continue or visitors click here


Peak of the Market Donating Veggies

WINNIPEG - Nov 2/04 - SNS -- Peak of the Market will donate over 500,000 pounds of vegetables to food banks in the Canadian province of Manitoba over the next year after 10,000 people around the world signed up for the company's free recipe emails. . . . Continue or visitors click here


Kernel-Capital Buys Melovoye Oil Plant

KIEV - Nov 2/04 - APK -- Company Kernel-Capital Ltd, one of the affiliates of Kernel Group, has acquitted controlling stock of Melovoye Refined Oils Plant "Streletskaya Steppe" (the village of Melovoye, Lugansk Oblast, east Ukraine), producing the sunoil brand "Shchedryi Dar", Kernel Group's press-service has informed. . . . Continue or visitors click here


McCormick Buys Silvo

NEW YORK - Nov 2/04 - SNS -- McCormick & Company, Incorporated has completed the purchase of C.M. van Sillevoldt B.V. for Euro 58 million in cash. . . . Continue or visitors click here


Chiquita Reports 3rd Quarter Loss

NEW YORK - Nov 5/04 - SNS -- Chiquita Brands International, Inc. reported a net loss of $20 million, or $0.49 per diluted share, during the company's third quarter. This includes a loss of $22 million, or $0.54 per diluted share, from the premium to extinguish the company’s 10.56% Senior Notes. . . . Continue or visitors click here


2005 Canpotex Sinochem Sales Accord

NEW YORK - Nov 5/04 - SNS -- Canpotex Limited, the offshore sales association for Saskatchewan potash producers, has entered into an agreement to sell 2.1 million metric tons (MT) of potash to Sinochem Corporation in 2005. . . . Continue or visitors click here


Noble Sales, Profits Leap Upward

NEW YORK - Nov 8/04 - SNS -- Noble Group Limited reported a net profit of U.S. $81.691 million during the third quarter ending September 30, a solid improvement on the $12.561 million realized last year. . . . Continue or visitors click here


Calavo Growers Dividend

NEW YORK - Nov 8/04 - SNS -- Calavo Growers, Inc. declared a $0.30 per share annual cash dividend on its common stock, up five cents over last year's dividend. . . . Continue or visitors click here


Ukraine Imports 40,000 MT palm Oil

KIEV - Nov 9/04 - APK -- State Joint Stock Company Khlib Ukrainy has exported near 100,000 metric tons (MT) of new crop grain since the beginning of new MY, as Victor Bondarenko, Head of the Board of SJSC, informed. . . . Continue or visitors click here


Luthar Named ADM Vice President-Treasurer

NEW YORK - Nov 9/04 - SNS -- Vikram Luthar has been elected Archer Daniels Midland Company's (ADM) Vice President-Treasurer, responsible for global treasury operations and day-to-day liquidity and risk management, including foreign exchange, interest rate and counterparty risk. . . . Continue or visitors click here


Bunge, P&G, Peter Cremer Alliance

NEW YORK - Nov 10/04 - SNS -- Bunge Limited, Procter & Gamble and Peter Cremer North America have created an alliance to produce and market cholesterol- reducing phytosterol ingredients for pharmaceuticals and foods. Bunge has a 50% stake in the alliance. . . . Continue or visitors click here


Sklarsky New ConAgra CFO

NEW YORK - Nov 10/04 - SNS -- Frank S. Sklarsky has been named ConAgra Foods Inc.'s Executive Vice President and Chief Financial Officer. . . . Continue or visitors click here


Heinz Declares Dividend

NEW YORK - Nov 10/04 - SNS -- The H. J. Heinz Company declared quarterly dividends for both common and preferred stock. . . . Continue or visitors click here


Sask Pulse Growers Directors Elected

SASKATOON - Nov 10/04 - SNS -- Two directors were elected to the Saskatchewan Pulse Growers board by acclamation, with the result no elections need to be held to fill the two positions. . . . Continue or visitors click here


CBOT Reports 77% Jump in Net Income

CHICAGO - Nov 11/04 - SNS -- The Chicago Board of Trade (CBOT) reported a net income of U.S. $12.2 million in the third quarter ending September 30, up from $6.9 million in the same period of 2003. . . . Continue or visitors click here


Tyson Q4 Profit Sink 55%

NEW YORK - Nov 14/04 - SNS -- Tyson Foods, Inc. reported U.S. $66 million in net income on sales of $7.1 billion during the fourth quarter ending October 2, down sharply from net income of $147 million on sales of $6.6 billion during the same three month period last year. . . . Continue or visitors click here


Rogers Sugar Fund Distribution

MONTREAL - Nov 14/04 - SNS -- Rogers Sugar Income Fund's trustees have authorized a monthly distribution of $0.0334 per trust unit to be paid to Unitholders of record on November 30, 2004, payable on or before December 29, 2004. . . . Continue or visitors click here


Fleet Management Nets Shipping Award

HONG KONG - Nov 16/04 - SNS -- Fleet Management received this year's Best Ship Manager Award at the 6th Lloyd's List Maritime Asia Awards 2004 here. . . . Continue or visitors click here


ACE Ethanol Expansion

NEW YORK - Nov 16/04 - SNS -- ACE Ethanol, LLC completed a 15 million gallon per year expansion to its ethanol plant near Stanley, Wisconsin, effectively doubling the company's processing capacity. . . . Continue or visitors click here


Sumitomo Buys Half ABA

SYDNEY - Nov 17/04 - SNS -- Australia's GrainCorp Ltd. intends to sell its 50% interest in Australian Bulk Alliance (ABA) to Japan's Sumitomo Corp. for an estimated A$15 million. . . . Continue or visitors click here


China Building Soy Plant in Manitoba

WINNIPEG - Nov 18/04 - SNS -- A memorandum of understanding has been signed with China's Linyi Shansong Biological Products Co. Ltd. to locate a new soy processing facility in Manitoba's Portage la Prairie area. . . . Continue or visitors click here


Campbell Soup Dividend

NEW YORK - Nov 18/04 - SNS -- Campbell Soup Company declared a regular quarterly dividend on its capital stock of U.S. $.17 per share. . . . Continue or visitors click here


Campbell Soup Profits Up

NEW YORK - Nov 22/04 - SNS -- Campbell Soup Company reported net earnings of $230 million on sales of $2,091 million during the quarter ending October 31, an improvement on the net earnings of $211 million on sales of $1,909 million during the same quarter last year. . . . Continue or visitors click here


Heinz Reports $199 Million Second Quarter

NEW YORK - Nov 23/04 - SNS -- H.J. Heinz Company reported net income of $199.0 million on sales of $2,199.6 million, up from a net income of $191.5 million on sales of $2,090.5 million during the same quarter last year. . . . Continue or visitors click here


McCormick Sets Dividend

NEW YORK - Nov 23/04 - SNS -- McCormick & Company, Incorporated will increase its regular quarterly cash dividend by 14%. . . . Continue or visitors click here


AWB Reports $96.9 Million Profit

SYDNEY - Nov 23/04 - SNS -- The Australian wheat marketing board, AWB Limited, reported an after-tax full year profit of A$96.9 million for the year ended 30 September 2004. If goodwill and amortization are not taken out, the net result for the year is$134.7 million. . . . Continue or visitors click here


Auction Raises Money for Foodgrains Bank

WINNIPEG - Nov 24/04 - SNS -- The Canadian Foodgrains Bank received $41,168.55 from a cattle auction organized by Vold, Jones & Vold Auction at Ponoka, Alberta. . . . Continue or visitors click here


Parkland Pays $200,000 Settlement

REGINA - Nov 24/04 - SNS -- Parkland Agri Services of Didsbury, Alberta will pay almost $200,000 in an out of court settlement with Proven Seed and SeCan Association. . . . Continue or visitors click here


Rogers Foods Mill Opening Dec 6

TORONTO - Nov 25/04 - SNS -- A new flour mill being built by Rogers Foods Ltd. will start operations on December 6, according to the company's owners, Japan's Nisshin Seifun Group Inc. . . . Continue or visitors click here


Smithfield Profits Leap 83%

NEW YORK - Nov 30/04 - SNS -- Smithfield Foods, Inc. reported a net income of $58.4 million on sales of $2,719.1 million during the second quarter ending October 31, up from last year's net income of $31.9 million on sales of $2,059.7 million during the same quarter last year. . . . Continue or visitors click here


WCE Gets More Direct Members

WINNIPEG - Nov 30/04 - SNS -- The Winnipeg Commodity Exchange Inc. (WCE) decision to go to a purely electronic trading model is seen as the main reason to the organization is seeing more interest by U.S. companies in becoming direct members. . . . Continue or visitors click here



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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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