Corporate market news for Sep 2004 Cargill to Buy Seara AlimentosNEW YORK - Sep 1/04 - SNS -- Cargill has reached an agreement o buy a majority position in Seara Alimentos SA, a major Brazilian branded poultry and pork processor. The transaction is subject to approval by regulatory authorities. . . . Continue or visitors click here General Mills Closing MillNEW YORK - Sep 1/04 - SNS -- General Mills is discussing the planned closure of its Vallejo, California, plant in October with the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union, Local ##035;71G. . . . Continue or visitors click here CGC To Consult RCMP Over Venture SeedsWINNIPEG - Sep 2/04 - SNS -- The Canadian Grain Commission (CGC) revoked the grain dealer license held by Venture Seeds Ltd. of Brunkild, Manitoba after the mustard seed dealer was placed in receivership August 31. The receiver is Deloitte & Touche. . . . Continue or visitors click here Competition Bureau Clears Cargill-IMC ComboNEW YORK - Sep 2/04 - SNS -- Efforts by IMC Global and Cargill Crop Nutrition to combine to create The Mosaic Company have moved a step closer to fruition now that the companies have been told by the Canadian Competition Bureau it will take no action with respect to the pending combination. . . . Continue or visitors click here MGEX Reports Record 2003-04 VolumeMINNEAPOLIS - Sep 2/04 - SNS -- Trading volume on the floor of the Minneapolis Grain Exchange (MGEX) reached a record 1,377,519 contracts for the 2003-2004 fiscal year, which ended August 31, well above the previous record was set in 1999 when 1,237,813 contracts traded. . . . Continue or visitors click here USDA Names Dairy Program DeputyWASHINGTON - Sep 7/04 - SNS -- The USDA's Agricultural Marketing Service named Dana Hamilton Coale as the new deputy administrator of AMS' Dairy Programs. . . . Continue or visitors click here Heinz Declares DividendNEW YORK - Sep 8/04 - SNS -- The H.J. Heinz Company declared quarterly dividends for common and preferred stock. . . . Continue or visitors click here Imperial Sugar Names Durlacher COONEW YORK - Sep 8/04 - SNS -- Imperial Sugar Company named Paul Durlacher its new executive vice president and chief operating officer, a newly created position. . . . Continue or visitors click here Goode Heads Kellogg CommunicationsNEW YORK - Sep 8/04 - SNS -- Kellogg Company named Kimberley Crews Goode vice president, worldwide communications, responsible for internal and external communications for the company across the globe. . . . Continue or visitors click here Cargill Division Buys Caravelle FoodsNEW YORK - Sep 8/04 - SNS -- Cargill's Sun Valley Foods bought Caravelle Foods, a producer of frozen beef patties for the Canadian quick service restaurant industry. . . . Continue or visitors click here EU Approves Slaughterhouse MergersBRUSSELS - Sep 13/04 - SNS -- The European Commission approved the sale of Polish slaughterhouse Sokolów to Danish Crown and Finnish HK Ruokatalo because the purchase does not "raise any competition concerns given that the companies are presently active in essentially different countries." . . . Continue or visitors click here Chiquita Banana Sales Volumes IncreaseNEW YORK – Sep 14/04 - SNS -- Chiquita Brands International, Inc. said it handled more bananas during the company's third quarter, along with higher average prices in Europe. . . . Continue or visitors click here AU's Grain Handle Share IncreasesWINNIPEG - Sep 15/04 - SNS -- Agricore United's share of the western Canadian grain handle increased during the first nine months of 2004, reaching 35.2%, compared to 34.5% for the first nine months of 2003, the company said in its latest quarterly report. . . . Continue or visitors click here Agricore United Reports $42.8 Million NetWINNIPEG - Sep 15/04 - SNS -- Agricore United reported net earnings of CDN $42.8 million for the third quarter ending July 31, a decrease of $2.1 million form the same period last year. . . . Continue or visitors click here Agricore United Declares DividendWINNIPEG - Sep 16/04 - SNS -- Agricore United declared an annual dividend of $1.00 per share on the Series A Convertible Preferred Shares and a dividend for the quarter of $0.03 per share on the Limited Voting Common Shares. . . . Continue or visitors click here Hormel Foods Quarterly DividendNEW YORK - Sep 20/04 - SNS -- Hormel Foods Corporation declared a regular quarterly dividend of $.1125 per share on the common capital stock of the corporation. . . . Continue or visitors click here General Mills Q1 Profit DeclinesNEW YORK - Sep 21/04 - SNS -- General Mills, Inc. reported a decline in after tax earnings during the first quarter of its 2004-05 fiscal year. . . . Continue or visitors click here Chiquita Names Hispanic Ad AgencyNEW YORK - Sep 21/04 - SNS -- Chiquita Brands International, Inc. named Dallas-based Dieste Harmel & Partners as its new agency of record for the U.S. Hispanic market, responsible for developing and executing an integrated marketing campaign to that consumer group. . . . Continue or visitors click here ConAgra Net Income FallsNEW YORK Sep 22/04 - SNS -- ConAgra Foods Inc. reported a significant increase in first quarter sales, but a sharp drop in net income. . . . Continue or visitors click here Cleave Quits Hot House BoardTORONTO - Sep 27/04 - SNS -- James H. Cleave resigned as a Director of Hot House Growers, Inc. and Trustee of the Hot House Growers Income Fund. . . . Continue or visitors click here Nestle Executive Board ChangesNEW YORK - Sep 27/04 - SNS -- Michael W. O. Garrett is retiring as Nestle S.A.'s Executive Vice President and head of Zone Asia, Oceania and Africa at the end of April 2005. . . . Continue or visitors click here ABB-UGH-AusBulk Merger CompleteSYDNEY - Sep 28/04 - SNS -- The merger between ABB Grain Ltd, AusBulk Ltd and United Grower Holdings has been finalized and trading in the new ABB B-Class shares began today on a deferred settlement basis. . . . Continue or visitors click here Bunge Expands Brazilian InterestNEW YORK - Sep 28/04 - SNS -- Bunge Limited completed a tender offer for the outstanding ordinary and preferred shares of Bunge Brasil S.A., the holding company for Bunge's Brazilian operations. . . . Continue or visitors click here ConAgra Selling Swift Foods SharesNEW YORK - Sep 28/04 - SNS -- Hicks, Muse, Tate & Furst, Incorporated has exercised its option to acquire ConAgra Foods Inc.'s minority interest in Swift Foods. . . . Continue or visitors click here Chiquita Sells NotesNEW YORK - Sep 28/04 - SNS -- Chiquita Brands International, Inc.completed the sale of $250 million of 7˝% Senior Notes due 2014. . . . Continue or visitors click here French Breweries Fined Euro 2.5 MillionLONDON - Sep 29/04 - SNS -- Groupe Danone/Brasseries Kronenbourg S.A. and Heineken N.V./Heineken France S.A. were fined Euro 2.5 million for entering an agreement to establishing equilibrium between their integrated beer distribution networks in the away-from-home sector (hotels, restaurants and cafés) France. . . . Continue or visitors click here McCormick Net Income DeclinesNEW YORK - Sep 29/04 - SNS -- McCormick & Company, Incorporated reported a decline in net income from $51.306 million during the three months ended August 31, 2003 to $46.196 million this year. . . . Continue or visitors click here
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