Corporate market news for Nov 2005 Louisiana Sugar Plant PlannedNEW YORK - Nov 1/05 - SNS -- Cargill Sugar North America and Louisiana Sugar Cane Products, Inc., (LSCPI) plan to form a joint venture to construct and operate a million-ton-per-year sugar refinery at Cargill’s Terre Haute Marine Facility in Reserve, La. . . . Continue or visitors click here SWP Creates FLCTORONTO - Nov 3/05 - SNS -- The Saskatchewan Wheat Pool Inc. (SWP) announced the incorporation of the Western Farm Leadership Co-operative (FLC) to provide educational and training opportunities to producers. . . . Continue or visitors click here ADM Dividend DeclaredNEW YORK - Nov 4/05 - SNS -- Archer Daniels Midland Company declared a cash dividend of eight and one-half cents a share. . . . Continue or visitors click here Bunge Expansion Targets BiofuelNEW YORK - Nov 7/05 - SNS -- Bunge Europe will adapt its plant in Mannheim, Germany to be able to crush both soybeans and rapeseed, and increase overall capacity to around 1.3 million metric tons (MT). . . . Continue or visitors click here Rentech Buys Royster-Clark Fertilizer PlantNEW YORK - Nov 7/05 - SNS -- Rentech Development Corporation has agreed to buy all issued and outstanding shares of Royster-Clark Nitrogen, Inc., the owner of a 830-ton per day natural gas-fed nitrogen fertilizer plant in East Dubuque, Illinois. . . . Continue or visitors click here Ford Joins Tyson BoardNEW YORK - Nov 7/05 - SNS -- Scott Ford, president and chief executive officer of ALLTEL, has been named to the board of directors of Tyson Foods, Inc. . . . Continue or visitors click here Panayiotou Named Hershey VPNEW YORK - Nov 7/05 - SNS -- The Hershey Company named Andrew J. Panayiotou Vice President, Innovation and Strategy, Snacks, effective November 7. . . . Continue or visitors click here Brown Named AGP Ops DirectorNEW YORK - Nov 8/05 - SNS -- Ag Processing Inc. named Doug Brown the cooperative's Director of Operations, overseeing grain facilities from North Dakota to Texas. . . . Continue or visitors click here Agrium Bids for Royster-ClarkTORONTO - Nov 8/05 - SNS -- Agrium Inc. is making a $325-million all-cash take-over bid to purchase all of the outstanding Income Deposit Securities (Units) of Royster-Clark ULC and Royster-Clark Ltd. at a price of $10 per Unit. Royster-Clark is a major U.S. agricultural retail chain, with annual sales of over U.S.$1-billion. . . . Continue or visitors click here Fresh Del Monte Produce Net DropsNEW YORK - Nov 8/05 - SNS -- Fresh Del Monte Produce Inc. reported net income of U.S. $5.7 million on sales of $740.5 million for the quarter ending September 30, compared to a net of $13.7 million on sales of $610.4 million during last year's third quarter. . . . Continue or visitors click here Cargill Building Ethanol PlantNEW YORK - Nov 9/05 - SNS -- Cargill plans to more than double ethanol production capacity at its Blair, Nebraska corn-processing complex with the addition of a new 110-million-gallon-per-year plant. . . . Continue or visitors click here Hot House Growers Profits RiseTORONTO - Nov 9/05 - SNS -- Hot House Growers Income Fund reported net income of CDN $3,429,00 on sales of $25,075,000 during the third quarter ending September 30, compared to a net of $360,000 on sales of $18,000,000 during the same three-month period last year. . . . Continue or visitors click here Kellogg Share RepurchaseNEW YORK - Nov 9/05 - SNS -- Kellogg Company has agreed to repurchase 9,371,567 of its shares from the W.K. Kellogg Foundation Trust for $400 million in a privately negotiated transaction. . . . Continue or visitors click here Heinz Declares DividendsNEW YORK - Nov 9/05 - SNS -- H.J. Heinz Company declared quarterly dividends on both common and preferred stock. . . . Continue or visitors click here Heinz Elects Board MembersNEW YORK - Nov 11/05 - SNS -- The Board of H. J. Heinz Company has elected as directors John G. Drosdick and Dennis H. Reilley, effective December 1. . . . Continue or visitors click here Idrovo Named President, Dole Worldwide Packaged FoodsNEW YORK - Nov 11/05 - SNS -- Dole Food Company, Inc. promoted Javier H. Idrovo to President, Dole Worldwide Packaged Foods, to succeed Peter M. Nolan, who earlier announced his retirement. . . . Continue or visitors click here Queensland Cotton Reports ProfitSYDNEY - Nov 11/05 - SNS -- Queensland Cotton reported an after tax profit of AUD$3.7 million for the six months ending August 31 on $306 million in revenue. . . . Continue or visitors click here JRI SWP Battle Separation OrderTORONTO - Nov 14/05 - SNS -- The Saskatchewan Wheat Pool Inc. (SWP) and James Richardson International Limited (JRI) will fight a Commissioner of Competition application to force them to end their joint venture in the port of Vancouver. . . . Continue or visitors click here USDA Approves DuPont Bacteria Detection TechnologyNEW YORK - Nov 15/05 - SNS -- The USDA's Food Safety and Inspection Service (FSIS) has started using a new E. coli O157:H7 detection test for raw beef inspections that was developed by DuPont Qualicon for the BAX system. . . . Continue or visitors click here Rogers Interest Income DistributionTORONTO - Nov 15/05 - SNS -- Rogers Sugar Income Fund announces that its Trustees have authorized a monthly distribution of $0.0334 per trust unit. . . . Continue or visitors click here Danone Sells DS Waters to KelsoLONDON - Nov 16/05 - SNS -- Groupe Danone has finalized the sale of DS Waters to investment fund Kelso. . . . Continue or visitors click here Hay Barn Offers Free ListingsVANCOUVER - Nov 17/05 - SNS -- The Hay Barn web site (http://www.haybarn.com) is allowing ranchers in the southern United States and the Gulf coast region to place hay-wanted classified advertisements on their website free of charge. . . . Continue or visitors click here Campbell Declares DividendNEW YORK - Nov 17/05 - SNS -- Campbell Soup Company declared a regular quarterly dividend on its capital stock of $.18 per share. . . . Continue or visitors click here ADM Plans Cocoa PlantNEW YORK - Nov 18/05 - SNS -- Archer Daniels Midland Company will build a new cocoa processing facility in the mid-Atlantic region of the United States. . . . Continue or visitors click here Diouf Re-Elected FAO Director-GeneralROME - Nov 19/05 - SNS -- Dr Jacques Diouf of Senegal was re-elected to a third six-year term as Director-General of the UN Food and Agriculture Organization (FAO). . . . Continue or visitors click here PesiCo Buying Nuts BusinessNEW YORK - Nov 22/05 - SNS -- PepsiCo plans to buy Sara Lee Corporation's European nuts business in the Netherlands, Belgium and France for Euro 130 million. . . . Continue or visitors click here Heinz Q2 Profits ImproveNEW YORK - Nov 22/05 - SNS -- H.J. Heinz Company reported net income of U.S. $203.8 million on sales of $2,338.8 million during the second quarter ending October 26, compared to a net of $199 million on sales of $2,199.6 million during the same three month period last year. . . . Continue or visitors click here John Deere Net Improves in Fiscal 2005NEW YORK - Nov 22/05 - SNS -- Deere & Company reported net income of U.S. $233 million on sales of $5.177 million during the fourth quarter ending October 31, compared to a net of $357 million on sales of $5,207 million during the same three month period last year. . . . Continue or visitors click here AWB Reports $157 M ProfitSYDNEY - Nov 22/05 - SNS -- The Australian wheat marketing board, AWB Limited, reported a net profit after tax of A$157.1 million for the year ending 30 September 2005. . . . Continue or visitors click here AM Plans Polyols PlantNEW YORK - Nov 23/05 - SNS -- Archer Daniels Midland Company plans to build a polyols facility that will utilize renewable carbohydrate-based and/or glycerol-based feedstocks. . . . Continue or visitors click here CWB Exercises Car Purchase OptionWINNIPEG - Nov 25/05 - SNS -- The Canadian Wheat Board plans to exercise an option to purchase 1,660 rail grain hopper cars it is now leasing, says CWB Chief Operating Officer Ward Weisensel. . . . Continue or visitors click here FAO Sets 2005-07 Budget TotalsROME - Nov 26/05 - SNS -- The UN Food and Agriculture Organization's (FAO) governing conference voted in favor of a two-year budget appropriation of $765.7 million for its work in 2006-2007. . . . Continue or visitors click here Egypt's GASC Has New PresidentNEW YORK - Nov 28/05 - SNS -- Egypt's Ministry of Supply and Home Trade appointed Said Mahmoud Youssef El Hefni as the new president of the General Authority for Supply Commodities (GASC) effective January. . . . Continue or visitors click here ADM Names Millar to VP PositionNEW YORK - Nov 28/05 - SNS -- Archer Daniels Midland Company (ADM) named Doug Millar its Vice President-Product and Market Development for the Corn Processing, Natural Health and Nutrition, and Specialty Food Ingredients divisions. . . . Continue or visitors click here ABB Records $36.2M ProfitSYDNEY - Nov 28/05 - SNS -- Australia's barley marketing board, recorded an A$36.2 million after tax profit for the year ending September 30, 2005. . . . Continue or visitors click here Smithfield Profits DeclineNEW YORK - Nov 30/05 - SNS -- Smithfield Foods, Inc. reported net income of U.S. $51.6 million on sales of $2,901 million for the second quarter ending October 30, compared to a net of $58.4 million on sales of $2,719 million a year ago. . . . Continue or visitors click here CN Completes Labor Negotiation SeasonTORONTO - Nov 30/05 - SNS -- CN Rail said employees represented by the Algoma Central Association of Railway Unions have ratified a five-year labor contract covering 115 active employees in north-central Ontario. . . . Continue or visitors click here
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