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Corporate market news for Apr 2005


Dow Opens Fungicide Plant in France

NEW YORK - Apr 2/05 - SNS -- Dow AgroSciences LLC opened a new Dithane fungicide production unit on an existing industrial site located in Lauterbourg, France. . . . Continue or visitors click here


NGFA Elects Board

SAN DIEGO - Apr 4/05 - SNS -- The National Grain and Feed Association (NGFA) elected 17 members to serve on its Board of Directors during the association's 108th annual convention here. . . . Continue or visitors click here


Caldwell Leaves CCA

OTTAWA - Apr 5/05 - SNS -- Jim Caldwell, Director of Government Affairs for the Canadian Cattlemen's Association, has resigned to pursue other interests. . . . Continue or visitors click here


Canadian Grain Liability Insurance Developed

WINNIPEG - Apr 5/05 - SNS -- The Canadian Grain Commission (CGC) and Agricore United have partnered to introduce a new insurance program aimed at created a more cost effective way to provide security on deliveries to licensed companies by western Canadian grain producers. . . . Continue or visitors click here


GM Trait Revenue Boosts Monsanto Profits

NEW YORK - Apr 6/05 - SNS -- Monsanto Company reported net income of U.S. $373 million on sales of $1,909 million during the second quarter ending February 28, a solid improvement on the $154 million earned on sales of $1,498 million during the same quarter the previous fiscal year. . . . Continue or visitors click here


SWP JRI Joint Venture

TORONTO - Apr 6/05 - SNS -- The Saskatchewan Wheat Pool (SWP) and James Richardson International Limited (JRI) will jointly operate their Vancouver port terminals, which are adjacent to one another on the North shore of Vancouver's Burrard Inlet. . . . Continue or visitors click here


ConAgra Declares Dividend

NEW YORK - Apr 8/05 - SNS -- ConAgra Foods, Inc. has declared a quarterly common stock dividend of $0.2725 per share. . . . Continue or visitors click here


CN Rail Offers Instant Rate Quotes

TORONTO - Apr 11/05 - SNS -- CN Rail will offer customers a tool on its website which will let them get carload freight quotes at any time of the day or year. . . . Continue or visitors click here


Mosaic Expanding Potash Plant

NEW YORK - Apr 11/05 - SNS -- The Mosaic Company will expand its Esterhazy, Saskatchewan potash facility, adding roughly 400,000 tons of annual capacity. . . . Continue or visitors click here


Agrium Plans Potash Expansion

TORONTO - Apr 11/05 - SNS -- Agrium Inc. will proceed with the 310,000 metric ton )+(MT) capacity expansion at its Vanscoy, Saskatchewan potash mine, bringing total capacity to 2.1 million MT. . . . Continue or visitors click here


SeCan Appoints New GM

OTTAWA - Apr 12/05 - SNS -- SeCan named Jeff Reid its new General Manager effective May 1. . . . Continue or visitors click here


Cargill Reports $366 Million Net

NEW YORK - Apr 12/05 - SNS -- Cargill reported net earnings of U.S. $366 million for the third quarter ending February 28, up 35% from the same period a year ago. . . . Continue or visitors click here


Cargill, Diversa to Develop Enzymes

NEW YORK - Apr 12/05 - SNS -- Cargill Health and Food Technologies and Diversa Corporation have reached an agreement to discover and develop novel enzymes. . . . Continue or visitors click here


CN BLET Agreement in Illinois

TORONTO - Apr 12/05 - SNS -- CN Rail and the Brotherhood of Locomotive Engineers and Trainmen (BLET) have reached a tentative agreement on a contract covering 400 locomotive engineers working on CN's former Illinois Central (IC) properties in the United States. . . . Continue or visitors click here


Golden Hope Unit Buys Unilever Unit

HONG KONG - Apr 13/05 - SNS -- Malaysia's Golden Hope Plantations Bhd. will buy Unilever South Africa (Proprietary) Ltd.'s 'Crispa' and 'Holsum' frying oils and fats businesses. . . . Continue or visitors click here


Kellogg Buys Kraft Snack Foods Plant

NEW YORK - Apr 13/05 - SNS -- Kellogg Company will buy Kraft's Nabisco fruit snacks manufacturing facility in Chicago, Illinois. . . . Continue or visitors click here


ADM Closes Brazilian Soy Plant

NEW YORK - Apr 13/05 - SNS -- ADM will discontinue operations indefinitely at its soybean crushing and refining operation in Tres Passos, Rio Grande do Sul, Brazil. . . . Continue or visitors click here


Darcas Joins ABB Pulse Division

SYDNEY - Apr 13/05 - SNS -- The Australian barley marketing board, ABB Grain Ltd., named Francois Darcas Business Unit Manager of its pulse trading team. . . . Continue or visitors click here


Olymel, Supraliment Merger Approved

TORONTO - Apr 14/05 - SNS -- Canada's Competition Bureau will allow Olymel l.p., a subsidiary of the La Coop fédérée, and Supraliment l.p., a subsidiary of Groupe Brochu, to merge their activities. . . . Continue or visitors click here


Rogers Sugar Fund Distribution

TORONTO - Apr 15/05 - SNS -- Rogers Sugar Income Fund will make a monthly distribution of $0.0334 per trust unit. . . . Continue or visitors click here


Cargill Buys Better Beef

TORONTO - Apr 17/05 - SNS -- Cargill Limited will buy the beef processing and related assets operated by Guelph, Ontario's Better Beef Limited. . . . Continue or visitors click here


Tate & Lyle Licenses Alleggra Products

NEW YORK - Apr 19/05 - SNS -- Tate & Lyle entered a licensing agreement with Alleggra Foods Limited giving it the right to manufacture, distribute and market Alleggra's soy-based egg product in the United States, Canada and Mexico. . . . Continue or visitors click here


CPI Profits Decline

NEW YORK - Apr 19/05 - SNS -- Corn Products International, Inc. reported net income of U.S. $16.5 million on sales of $613.3 million for the first quarter ending March 31, compared to net earnings of $25.7 million on sales of $592.3 million during the previous fiscal year. . . . Continue or visitors click here


Bayer-Cheminova Supply Agreement

LONDON - Apr 19/05 - SNS -- Bayer CropScience entered a one year non-exclusive supply agreement with Denmark's Cheminova for its Imidacloprid insecticide. . . . Continue or visitors click here


Canada Farm Direct to Sell Beef to Korea

SASKATOON - Apr 19/05 - SNS -- Canada Farm Direct has lined up a preliminary deal for 400 metric tons (MT) of beef per week to South Korea once the country allows imports of Canadian beef to resume. . . . Continue or visitors click here


Cargill to Buy Chocolate Plant

NEW YORK - Apr 19/05 - SNS -- Cargill will buy an industrial chocolate facility – Schierstedter Schokoladefabrik GmbH & Co. KG (SSF) – from its existing customer, Ludwig Schokolade GmbH & Co. KG. . . . Continue or visitors click here


Hershey Changes Name, Declares Dividend

NEW YORK - Apr 19/05 - SNS -- The Hershey Company's name change was approved by stockholders, as was an increase in the company's authorized stock. . . . Continue or visitors click here


Danisco Concludes Genencor Tender Offer

LONDON - Apr 20/05 - SNS -- Denmark's Danisco A/S said its subsidiary DH Subsidiary Inc. successful concluded a cash tender offer to buy the common stock of Genencor at US $19.25 per share. . . . Continue or visitors click here


Kraft Profits Up

NEW YORK - Apr 20/05 - SNS -- Kraft Foods Inc. reported net earnings of U.S. %713 million on sales of $8,059 million for the first quarter ending March 31, compared to net earnings of $560 million on sales of $7,575 million the previous fiscal year. . . . Continue or visitors click here


Delta and Pine Land Company Share Offer

NEW YORK - Apr 20/05 - SNS -- Delta and Pine Land Company -- a commercial breeder, producer and marketer of cotton planting seed -- will commence a modified "Dutch auction" tender offer for 1,739,130 shares of its common stock at a price per share of between $25.00 to $28.75. . . . Continue or visitors click here


CBOT Posts Open Interest Record

CHICAGO - Apr 20/05 - SNS -- Exchange-wide open interest reached its highest level on record on Monday, April 18, according to the Chicago Board of Trade (CBOT). . . . Continue or visitors click here


Illinois Reviews Monsanto Pricing

NEW YORK - Apr 20/05 - SNS -- Illinois Attorney General's office is reviewing pricing and licensing of genetically modified seeds produced by Monsanto Company. . . . Continue or visitors click here


CN Declares Dividend

TORONTO - Apr 20/05 - SNS -- CN Rail will pay a second-quarter 2005 dividend on the company's common shares outstanding. . . . Continue or visitors click here


CN Declares Dividend

TORONTO - Apr 20/05 - SNS -- CN Rail reported net earnings of CDN $299 million on revenue of $1,706 million for the first quarter ending March 31, compared to earnings of $210 on revenue of $1,438 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


Imperial Sugar Sells Refinery

NEW YORK - Apr 21/05 - SNS -- Imperial Sugar signed a definitive agreement to sell its Sugar Land, Texas refinery site to Cherokee Sugar Land, LP, a joint venture between W.C. Perry Land Development, LP and Cherokee Investments Partners, LLC. . . . Continue or visitors click here


General Mills Completes Notes Tender

NEW YORK - Apr 21/05 - SNS -- General Mills, Inc. purchased $500,000,000 aggregate principal amount of its outstanding 6% Notes due 2012. . . . Continue or visitors click here


Hershey Reports Record Profits

NEW YORK - Apr 22/05 - SNS -- The Hershey Company reported net income of U.S. $118,221,000 on sales of $1,126,414,000 during the first quarter ending April 3, compared to net income of $107,147,000 on sales of $1,013,089,000 during the same period the previous fiscal year. . . . Continue or visitors click here


Land O'Lakes First Quarter Sales and Earnings Down From Year

NEW YORK - Apr 26/05 - SNS -- Land O'Lakes, Inc. reported net earnings of U.S. $24.3 million on sales of $2.05 billion during the first quarter ending March 31, compared to net earnings of $45.1 million on sales of $2.01 billion during the same quarterthe previous fiscal year. . . . Continue or visitors click here


Fresh Del Monte Produce Profits Up

NEW YORK - Apr 26/05 - SNS -- Fresh Del Monte Produce Inc. reported net income of U.S. $57.9 million on sales of $838.5 million during the first quarter ending April 1, compared to net income of $47 million on sales of $713.8 million during the same quarter the previous fiscal year. . . . Continue or visitors click here


Groupe Danone in Indian Joint Venture

LONDON - Apr 26/05 - SNS -- Groupe Danone and Japan's Yakult Honsha Co. will create a jointly own company called Yakult Danone India Private Limited to develop products for India's probiotics market. . . . Continue or visitors click here


Mid-America Building Biofuel Plant

NEW YORK - Apr 26/05 - SNS -- Mid-America Biofuels, LLC, plans to build Missouri's first major biodiesel production plant in Mexico, MO. . . . Continue or visitors click here


American Italian Pasta Earnings Sink

NEW YORK - Apr 27/05 - SNS -- American Italian Pasta Company reported net income of U.S. $2.377 million on sales of $100.06 million during the second quarter ending April 1, compared to net income of $7.561 million on sales of $113.35 million during the previous fiscal year. . . . Continue or visitors click here


American Italian Pasta Dividend

NEW YORK - Apr 27 - SNS -- American Italian Pasta Company declared a quarterly dividend of 18.75 cents per share. . . . Continue or visitors click here


Agricore Donates Seed to Foodgrains Bank

WINNIPEG - Apr 27/05 - SNS -- Agricore United has again pledged to donate CDN $50,000 worth of planting seed to Canadian Foodgrains Bank (CFGB) growing projects in Manitoba, Saskatchewan and Alberta. . . . Continue or visitors click here


Nestle Must Sell Brazilian Unit

LONDON - Apr 28/05 - SNS -- The Brazilian government has ordered Nestle SA to sell chocolate maker Garoto, which it bought in 2002 for U.S. $230 million. . . . Continue or visitors click here


Kellogg's Net Earnings Rise

NEW YORK - Apr 28/05 - SNS -- Kellogg Company reported net earnings of U.S. $254.7 million on sales of $2,572.3 million during the first quarter ending April 2, compared to net earnings of $219.8 million on sales of $2,390.5 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


Bunge Earnings Jump 40%

NEW YORK - Apr 28/05 - SNS -- Bunge Limited reported net income of U.S. $98 million on sales of $5,451 million during the first quarter ending March 31, compared to net earnings of $70 million on sales of $5.739 million the previous fiscal year. . . . Continue or visitors click here


Smithfield Nets ISO 14001 Certification

NEW YORK - Apr 28/05 - SNS -- Smithfield Foods, Inc. has achieved ISO 14001 certification for all its U.S. hog production and processing facilities, the first company in that industry to do so. . . . Continue or visitors click here


Maple Leaf Net Earnings Decline

TORONTO - Apr 28/05 - SNS -- Maple Leaf Foods Inc. reported net earnings of CDN $12.748 million on sales of $1,582.3 million during the first quarter ending March 31, compared to net earnings of $18.115 million on sales of $1,194.7 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


Canada Bread Net Slips

TORONTO - Apr 28/05 - SNS -- Canada Bread Company reported net earnings of CDN $11.885 million on sales of $316.9 million during the first quarter ending March 31, compared to net earnings of $12.549 million on sales of $305.4 million during the same quarter of the previous fiscal year. . . . Continue or visitors click here


Tyson Pays SEC Fine

NEW YORK - Apr 28/05 - SNS -- Tyson Foods, Inc. will pay a U.S. $1.5 million fine to the U.S. Securities and Exchange Commission (SEC) over executive perquisites paid between 1997 and 2003, while former Senior Chairman Don Tyson will pay $700,000. . . . Continue or visitors click here


ADM Profits Increase

NEW YORK - Apr 29/05 - SNS -- Archer Daniels Midland (ADM) reported net earnings of U.S. $269.1 million on sales of $8,484.2 million for the third quarter ending March 31, compared to earnings of $226.8 million on sales of $9,309 million during the same period of the previous fiscal year. . . . Continue or visitors click here


Container Terminal Planned for Prince Rupert

TORONTO - Apr 29/05 - SNS -- A container terminal will be built in Prince Rupert for opening in the first quarter of 2007, now that CDN $60 million in funding has been secured from the Canadian federal and British Columbia. The terminal plan was announced by CN, Maher Terminals of Canada Corporation and the Prince Rupert Port Authority. . . . Continue or visitors click here


CN and Conductors Reach Contract

TORONTO - Apr 29/05 - SNS -- CN Rail and the United Transportation Union members it employs in Canada have ratified a three-year collective agreement with the company retroactive to Jan. 1, 2004. . . . Continue or visitors click here



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