Corporate market news for Sep 2005 Noble Grain Enters Fertilizer BusinessNEW YORK - Sep 1/05 - SNS -- Noble Grain has hired Stein Haugan to run its newly created fertilizer business as Head of Fertilizer. . . . Continue or visitors click here Del Monte Profit Up 90%NEW YORK - Sep 1/05 - SNS -- Del Monte Foods Company reported a net income of U.S. $16.2 million on sales of $671.1 million during the first quarter ending July 31, compared to a net of $8.5 million on sales of $626 million during the opening quarter of the previous fiscal year. . . . Continue or visitors click here Manitoba Merges Insurance and Credit CorpWINNIPEG - Sep 1/05 - SNS -- Manitoba has merged the Manitoba Crop Insurance Corporation and Manitoba Agricultural Credit Corporation into the Manitoba Agricultural Services Corporation (MASC). . . . Continue or visitors click here Sanderson Farms Reopening Mississippi PlantsNEW YORK - Sep 1/05 - SNS -- Damage to Sanderson Farms, Inc. plants in the state of Mississippi from Hurricane Katrina was not extensive and the company hopes to restore full operations by the weekend. . . . Continue or visitors click here Deere and Company DividendNEW YORK - Sep 1/05 - SNS -- The Deere & Company declared a regular quarterly dividend of $.31 a share. . . . Continue or visitors click here CBOT Reports Higher Average Trading VolumeCHICAGO - Sep 1/05 - SNS -- The Chicago Board of Trade (CBOT) said average daily volume rose to 2,721,612 contracts in August, up 12.7% from the same period last year and 19.3% year-to-date. . . . Continue or visitors click here Refco Completes CIS BuyNEW YORK - Sep 2/05 - SNS -- Refco Group Ltd., LLC has finalized its purchase of the global brokerage operations of Cargill Investor Services (CIS). . . . Continue or visitors click here Cargill Buying Russian ElevatorsNEW YORK - Sep 6/05 - SNS -- Rusagro sold Cargill Inc. two grain elevators and a river import/export terminal in Krasnodar region in southern Russia. . . . Continue or visitors click here Calavo Q3 Net Income DeclinesNEW YORK - Sep 6/05 - SNS -- Calavo Growers, Inc. said their avocado processing and packing business generated a net income of U.S. $2.92 million on sales of $88.7 million during the third quarter ending July 31, compared to a net of $3.06 million on sales of $83.3 million during the same three-month period of the previous fiscal year. . . . Continue or visitors click here McCormick Management ChangesNEW YORK - Sep 6/05 - SNS -- McCormick & Company, Incorporated named Charles T. Langmead, formerly Vice President & General Manager-Food Service & Global Restaurant Division, its new President - U.S. Industrial Group. . . . Continue or visitors click here Zeeland Low-Linolenic Soybeans In MichiganNEW YORK - Sep 6/05 - SNS -- Monsanto and Zeeland Farm Services, Inc. entered an agreement to allow Zeeland to process Vistive low-linolenic soybeans in 2006 and market the resulting oil to the food industry. . . . Continue or visitors click here McLeod Named AGCO VPNEW YORK - Sep 6/05 - SNS -- AGCO Corporation named Jerry McLeod its Vice President of Challenger Business . . . Continue or visitors click here Niebur VP DuPont Crop GeneticsNEW YORK - Sep 7/05 - SNS -- William S. Niebur has been named vice president for DuPont Crop Genetics Research and Development. . . . Continue or visitors click here Bunge Resumes Destrehan OperationsNEW YORK - Sep 7/05 - SNS -- Bunge North America reopened its export elevator in Destrehan, La. near New Orleans. . . . Continue or visitors click here Dean Foods Sets Succession PlanNEW YORK - Sep 8/05 - SNS -- Dean Foods Company announced its succession plan for the President of Dean Dairy Group. . . . Continue or visitors click here Agricore Records Q3 ProfitWINNIPEG - Sep 8/05 - SNS -- Agricore United reported net income of CDN $47.218 million on revenue of $1,021.285 million during the third quarter ending July 31, compared to a net of $41.78 million on sales of $1,146.619 million during the same three month period last year. . . . Continue or visitors click here Agricore's Grain Handle SlipsWINNIPEG - Sep 8/05 - SNS -- Agricore United's share of the western Canadian grain handle declined during the nine months ending July 31, falling from 35.2% last year to 34.3% this year. . . . Continue or visitors click here Cargill Buys Degussa AG Food LineLONDON - Sep 11/05 - SNS -- Cargill is buying the food ingredient operations of Degussa AG of Dusseldorf, Germany, for 540 million Euro or about U.S. $670 million, pending approval of the Degussa Supervisory Board and the relevant regulatory authorities. . . . Continue or visitors click here Campbell Soup Profits AdvanceNEW YORK - Sep 12/05 - SNS -- Campbell Soup Company reported net earnings of U.S. $96 million on sales of $1,498 million during the fourth quarter ending July 31, compared to a net of $59 million on sales of $1,433 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here CN, IAMAW Sign AgreementTORONTO - Sep 12/05 - SNS -- The International Association of Machinists and Aerospace Workers (IAMAW) and CN Rail signed a five-year collective agreement covering 215 employees in the United States. . . . Continue or visitors click here Chiquita Reports Banana VolumeNEW YORK - Sep 12/05 - SNS -- Chiquita Brands International, Inc. released data on banana prices and volume for July and August. . . . Continue or visitors click here Imperial Sugar Rejects BidNEW YORK - Sep 13/05 - SNS -- Imperial Sugar Company's Board of Directors unanimously rejected an unsolicited take-over bid by Schultze Asset Management, LLC. . . . Continue or visitors click here ADM to Close Irish PlantNEW YORK - Sep 14/05 - SNS -- Archer Daniels Midland Company plans to close its citric and gluconic acid manufacturing facility in Ringaskiddy, Cork, Ireland. . . . Continue or visitors click here Rogers Sugar Income DistributionTORONTO - Sep 15/05 - SNS -- Rogers Sugar Income Fund is making a monthly distribution of $0.0334 per trust unit. . . . Continue or visitors click here Minnesota Ethanol Plant DevelopmentNEW YORK - Sep 15/05 - SNS -- Biofuel Solutions is in the advanced planning stages for construction of a 110 million-gallon-per-year ethanol plant to be located in Fairmont, Minnesota. . . . Continue or visitors click here Comments Sought On Cargill Consent DecreeNEW YORK - Sep 15/05 - SNS -- The U.S. government is requesting comments on a consent decree issued against Cargill, Incorporated for violations of the Clean Air act. The decree was lodged with the United States District Court for the District of Minnesota on September 1, 2005. . . . Continue or visitors click here Open Interest Record on KCBTKANSAS CITY - Sep 15/05 - SNS -- The Kansas City Board of Trade (KCBT) reports record open interest in its hard red winter wheat futures contract of 100,969 contracts, breaking the previous record of 98,939 contracts set on August 24, 2005. . . . Continue or visitors click here Sleeman Selling FEMSA Beers in CanadaTORONTO - Sep 16/05 - SNS -- Sleeman Breweries Ltd. has entered a sales, marketing and distribution agreement with FEMSA Cerveza of Mexico, for the Canadian market. . . . Continue or visitors click here Imperial Sells Holly SugarNEW YORK - Sep 20/05 - SNS -- Imperial Sugar Company completed the sale of its Holly Sugar Corporation subsidiary to Southern Minnesota Beet Sugar Cooperative, a sugar processing cooperative based in Renville, Minnesota. . . . Continue or visitors click here ConAgra Net Income TriplesNEW YORK - Sep 21/05 - SNS -- ConAgra Foods Inc. reported net income of U.S. $352.1 million on sales of $3,362.9 million during the first quarter ending August 28, compared to a net result of $134.7 million on sales of $3,383.2 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here Finch Named Advanced ID PresidentCALGARY - Sep 21/05 - SNS -- Advanced ID Corporation appointed Daniel W. Finch as its President and CEO. . . . Continue or visitors click here Central Canada Foods Profits SlipTORONTO - Sep 21/05 - SNS -- Central Canada Foods Corporation reported net income of CDN $31,155 on sales of $7,053,681 during the third quarter ending July 31, compared to a net of $46,936 on sales of $5,368.610 during the same three month period lastyear. . . . Continue or visitors click here ADM Expanding Ethanol CapacityNEW YORK - Sep 22/05 - SNS -- Archer Daniels Midland Company plans to expand its ethanol production capacity 500 million gallons through the construction of two new dry corn milling facilities adjacent to existing ethanol plants. . . . Continue or visitors click here General Mills Reports Higher Q1 ProfitNEW YORK - Sep 22/05 - SNS -- General Mills, Inc. reported net earnings of U.S. $252 million on sales of $2,662 million during the first quarter ending August 28, compared to a net of $183 million on sales of $2,585 million during the same 13-week period of the previous fiscal year. . . . Continue or visitors click here Campbell Hikes Quarterly DividendNEW YORK - Sep 22/05 - SNS -- Campbell Soup Company boosted its quarterly dividend from U.S. $.17 per share to $.18 per share. . . . Continue or visitors click here Taiwan May Privatize Sugar CorpHONG KONG - Sep 26/05 - SNS -- Newspaper reports from Taiwan indicate the government plans to sell the Taiwan Sugar Corp. next year. . . . Continue or visitors click here Nestle Creates Growth FundNEW YORK - Sep 26/05 - SNS -- Nestle S.A. will launch the Nestle Growth Fund with a committed capital of EUR 500 million to be invested over five to seven years. . . . Continue or visitors click here Muehlhaeuser Named AGCO Senior VPNEW YORK - Sep 26/05 - SNS -- AGCO Corporation named Hubertus Muehlhaeuser Senior Vice President of Strategy & Integration -- a new position—reporting directly to Martin Richenhagen, President & CEO. . . . Continue or visitors click here General Mills DividendNEW YORK - Sep 26/05 - SNS -- General Mills declared a quarterly dividend of $.33 per share. . . . Continue or visitors click here General Mills Board ElectedNEW YORK - Sep 26/05 - SNS -- Shareholders attending General Mills' 77th annual meeting in Minneapolis elected the 12 directors nominated. . . . Continue or visitors click here Hormel Foods Executive ChangesNEW YORK - Sep 27/05 - SNS -- Jeffrey M. Ettinger was unanimously elected to be Hormel Foods Corporation's ninth chief executive officer, succeeding Joel W. Johnson who will retire as chief executive officer on Jan. 1, 2006. . . . Continue or visitors click here McCormick Reports Q3 Profit Inches UpNEW YORK - Sep 28/05 - SNS -- McCormick & Company, Incorporated reports a net income of U.S. $47/97 million on sales of $622.73 million during the third quarter ending August 31, compared to a net of $46.2 million on sales of $613.54 million during thesame three month period last year. . . . Continue or visitors click here NutraCea, RiceX MergerNEW YORK - Sep 29/05 - SNS -- The proposed merger of NutraCea and The RiceX Company were approved at special meetings of stockholders yesterday. . . . Continue or visitors click here Hershey Changes PR FirmsNEW YORK - Sep 29/05 - SNS -- The Hershey Company's U.S. Confections and Snack business is changing the public relations agencies it works with. . . . Continue or visitors click here CropLife Elects BoardTORONTO - Sep 29/05 - SNS -- CropLife Canada elected its new Board of Directors today at the trade group's annual conference. . . . Continue or visitors click here Canada's Beauchemin Wins Forage AwardDES MOINES - Sep 29/05 - SNS -- Karen A. Beauchemin, senior scientist, Agriculture and Agri-Food Canada, Lethbridge Research Center, is the 2005 recipient of the Pioneer Forage Award. . . . Continue or visitors click here
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