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Corporate market news for Aug 2005


Tyson Net Income Down 18.6%

NEW YORK - Aug 1/05 - SNS -- Tyson Foods, Inc. reported an 18.6% decline in net income to U.S. $131 million on sales of $6.708 million during the third quarter ending July 2, compared to a net of $161 million on sales of $6,634 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here


Green Mountain Coffee Net Income Rises

NEW YORK - Aug 2/05 - SNS -- Green Mountain Coffee Roasters, Inc. reported net income of $2.16 million sales of $37.8 million during the quarter ending July 2, compared to a net of $1.9 million on sales of $31.3 million during the third quarter of the previous fiscal year., . . . Continue or visitors click here


Land O'Lakes Names Policinski CEO

NEW YORK - Aug 3/05 - SNS -- Land O'Lakes, Inc. named Chris Policinski President and Chief Executive Officer (CEO) effective October 1, 2005. Policinski will replace Jack Gherty, who is retiring after 35 years with Land O'Lakes, the last 16 years as President and CEO. . . . Continue or visitors click here


Fresh Del Monte Reports 22% Drop in Q2 Net

NEW YORK - Aug 3/05 - SNS -- Fresh Del Monte Produce Inc. reported net income of U.S. $46.5 million on sales of $922.8 million during the second quarter ending July 1, compared to a net of $59.4 million on sales of $763.6 million during the same three-month period of the previous fiscal year. . . . Continue or visitors click here


Andersons Net Income Inches Up

NEW YORK - Aug 3/05 - SNS -- The Andersons, Inc. reported net income of U.S. $10.4 million on sales of $365.1 million during the quarter ending June 30, compared to a net of $10.1 million on sales of $374.5 million during the second quarter of the previous fiscal year. . . . Continue or visitors click here


Imperial Sugar Reports Q3 Loss

NEW YORK - Aug 4/05 - SNS -- Imperial Sugar Company reported a net loss of U.S. $4.5 million on sales of $236.6 million during the third quarter ending June 30, compared to a net profit of $2.33 million on sales of $229.6 million during the same three months of the previous fiscal year. . . . Continue or visitors click here


ConAgra Sells Pilgrim's Pride Shares

NEW YORK - Aug 4/05 - SNS -- ConAgra Foods Inc. will sell its remaining 15.4 million shares of Pilgrim's Pride Corporation to that company for an estimated $482 million before tax. . . . Continue or visitors click here


Chiquita Profits Double

NEW YORK - Aug 4/05 - SNS -- Chiquita Brands International, Inc. reported net income of U.S. $63 million on sales of $1,019.4 million during the second quarter ending June 30, compared to a net of $30.2 million on sales of $848.4 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here


ADM Names Zenuk VP

NEW YORK - Aug 7/05 - SNS -- ADM named Mark Zenuk Vice President, in addition to his duties as Managing Director-ADM International, Ltd. . . . Continue or visitors click here


Cargill Invests in Biodiesel Plant

NEW YORK - Aug 7/05 - SNS -- Cargill will invest in a new 200,000 metric tons (MT) biodiesel facility in Mainz in Germany to complement its existing oilseed crushing and refining operations in the region and is expected to commence production in the third quarter of 2006. . . . Continue or visitors click here


NZ Dairy Foods, Fonterra Exchange Assets

NEW YORK - Aug 8/05 - SNS -- New Zealand's Fonterra Cooperative Group Ltd. and New Zealand Dairy Foods (NZDF) will exchange a range of assets effective August 31. . . . Continue or visitors click here


Monsanto Sells Enviro-Chem

NEW YORK - Aug 8/05 - SNS -- Monsanto Company completed the sale of Monsanto Enviro-Chem Systems Inc. to a new company formed by the Enviro-Chem management team and an outside investor. The new company will do business as MECS, Inc. Terms of the sale were not released. . . . Continue or visitors click here


Gold Kist Profits Recover in Q3

NEW YORK - Aug 9/05 - SNS -- Gold Kist Inc. reported net income of U.S. $54.1 million on sales of $631.5 million for the third quarter ending June 26, compared to a net of $44.4 million on sales of $598.8 million during the same three month period lastyear. . . . Continue or visitors click here


Tyson Quarterly Dividend

NEW YORK - Aug 9/05 - SNS -- Tyson Foods, Inc. declared a quarterly dividend of $.04 per share on Class A common stock and $.036 per share on Class B common stock. . . . Continue or visitors click here


Hershey Raises Quarterly Dividends

NEW YORK - Aug 9/05 - SNS -- The Hershey Company declared a quarterly dividend of $.245 on the Common Stock, an increase of 11.4%, or $.025 per share. . . . Continue or visitors click here


Cargill May Buy Third Palm Oil Refinery

NEW YORK - Aug 10/05 - SNS -- Cargill is reportedly involved in talks to buy a Malaysian-based palm oil refinery from Intercontinental Specialty Fats Sdn. Bhd. . . . Continue or visitors click here


CHS Processing Monsanto's Vistive Soybeans

NEW YORK - Aug 10/05 -0 SNS -- CHS will be a participating processor of Monsanto's Vistive low-linolenic soybeans in 2006 and will market Vistive oil for use by the food industry. . . . Continue or visitors click here


Noble Reports 8.5% Profit Growth

NEW YORK - Aug 11/05 - SNS -- Noble Group Limited reported a net profit of U.S. $137.339 million on revenue of $6,001.88 million during the six months ending June 30, compared to a net of $126.611 million on revenue of $4,311.702 million the first halfof the previous fiscal year. . . . Continue or visitors click here


Pacific Ethanol to Buy PBI

NEW YORK - Aug 11/05 - SNS -- Pacific Ethanol, Inc. will buy Phoenix Bio-Industries, LLC, which recently completed construction of a 25 million gallon per year ethanol production facility in Goshen, California. . . . Continue or visitors click here


Agricore Files Appeal Over Terminal Sale

WINNIPEG - Aug 12/05 - SNS -- Agricore United has filed an application with the Competition Tribunal seeking, among other things, an order pursuant to section 106 of the Competition Act rescinding the consent agreement between the Commissioner and Agricore United. . . . Continue or visitors click here


ConAgra Opposes Mini-Tender Offer

NEW YORK - Aug 12/05 - SNS -- ConAgra Foods, Inc. says shareholders should reject an unsolicited "mini-tender" offer by TRC Capital Corporation of Ontario, Canada, because the price is below the current market value of the stock. . . . Continue or visitors click here


Maple Leaf to Buy Own Shares

TORONTO - Aug 15/05 - SNS -- Maple Leaf Foods Inc.'s Notice of Intention to make a normal course issuer bid for its own shares has been accepted by the Toronto Stock Exchange (TSX). . . . Continue or visitors click here


Heinz Completes HP Group Purchase

NEW YORK - Aug 16/05 - SNS -- H.J. Heinz Company completed the purchase of the HP Foods Group from Groupe Danone S.A. for GBP 470 million or about U.S. $820 million in cash. . . . Continue or visitors click here


Kelly Elected to Hershey Board

NEW YORK - Aug 16/05 - SNS -- The Hershey Company elected Alfred F. Kelly, Jr., Group President, American Express Company, to its board of directors effective August 11, 2005. . . . Continue or visitors click here


Hershey Extends Premium Chocolate Reach

NEW YORK - Aug 16/05 - SNS -- The Hershey Company subsidiary, Artisan Confections Company, has acquired the assets of Joseph Schmidt Confections, Inc., a premium chocolate maker. . . . Continue or visitors click here


Deere Q3 Net Down 3.5%

NEW YORK - Aug 16/05 - SNS -- Deere & Company reported net income of U.S. $387 million on world-wide sales of $2,869 million during the third quarter ending July 31, compared to a net of $401 million on sales of $2,641 million during the same period ofthe previous fiscal year. . . . Continue or visitors click here


MGPI Profits Slump

NEW YORK - Aug 16/05 - SNS -- MGP Ingredients, Inc. reported net income of U.S. $732,000 on sales of $73.949 million during the fourth quarter ending June 30, compared to a net of $3.164 million on sales of $78.995 million during the final quarter of the previous fiscal year. . . . Continue or visitors click here


Provena Foods Still Spilling Red Ink

NEW YORK - Aug 16/05 - SNS -- Provena Foods Inc. reported a net loss of $146,615 on sales of $14 million during the second quarter ending June 30, compared to a net loss of $298,762 on sales of $11.8 million during the same period of the previous fiscal year. . . . Continue or visitors click here


Imperial Sugar Sells Subsidiary

NEW YORK - Aug 17/05 - SNS -- Imperial Sugar Company sold its Holly Sugar Corporation subsidiary to Southern Minnesota Beet Sugar Cooperative, a sugar processing cooperative based in Renville, Minnesota. A September 2005 closing is anticipated, subjectto completion of environmental due diligence and customary regulatory approvals. . . . Continue or visitors click here


Tyson Wins Cattle Pricing Appeal

NEW YORK - Aug 17/05 - SNS -- Tyson Fresh Meats, Inc., a subsidiary of Tyson Foods, has won another appeal in a cattle pricing lawsuit. . . . Continue or visitors click here


Nestle Sales Rise 2.4%

NEW YORK - Aug 17/05 - SNS -- Nestle SA reported consolidated sales rose 2.4% to CHF 43,474 million during the first half of the 1005 fiscal year, despite the negative impacts of currencies of -1.8% and divestitures, net of acquisitions, of -1%. . . . Continue or visitors click here


Land O'Lakes Sells CF Share

NEW YORK - Aug 17/05 - SNS -- Land O'Lakes, Inc. completed the sale of its 38% equity interest in CF Industries, a domestic fertilizer manufacturing company. . . . Continue or visitors click here


Monsanto Prices Notes

NEW YORK - Aug 19/05 - SNS -- Monsanto Company set the pricing terms of the new series of Senior Notes due 2025 which are to be issued in exchange for a portion of its outstanding 7 3/8% Senior Notes due 2012, which were issued in 2002. . . . Continue or visitors click here


Heinz Net Income Down 19.3%

NEW YORK - Aug 22/05 - SNS -- H.J. Heinz Company reported net income of U.S. $157.3 million on sales of $2,110.2 million during the first quarter ending July 27, compared to net income of $194.8 million on sales of $2,003.0 million the same three-monthperiod of the previous fiscal year. . . . Continue or visitors click here


Smucker Profits Down 9.8%

NEW YORK - Aug 22/05 - SNS -- The J. M. Smucker Company reported net income of U.S. $29.9 million on sales of $510.3 million during the first quarter ending July 31, compared to a net of $32.8 million on sales of $413.3 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here


Kraft Raises Dividend

NEW YORK - Aug 23/05 - SNS -- Kraft Foods Inc. announced its regular quarterly dividend will rise 12.2% to an annualized rate of $0.92 per common share of Class A and Class B stock. . . . Continue or visitors click here


Sanderson Net Income Down 29%

NEW YORK - Aug 23/05 - SNS -- Sanderson Farms, Inc. reported net income of U.S. $24 million on sales of $264.65 million during the third quarter ending July 31, compared to a net of $33.9 million on sales of $293.9 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here


Hain Celestial, Spectrum Organics Merger

NEW YORK - Aug 23/05 - SNS -- The Hain Celestial Group, Inc. will merge with Spectrum Organic Products, Inc. . . . Continue or visitors click here


Heinz Declares Dividends

NEW YORK - Aug 23/05 - SNS -- The H. J. Heinz Company declared quarterly dividends on both common and preferred stock. . . . Continue or visitors click here


Cargill Net Earnings Top $230M

NEW YORK - Aug 24/05 - SNS -- Cargill reported net earnings of $230 million for the 2005 fourth quarter ended May 31, up 18% from $195 million in the same period a year ago. . . . Continue or visitors click here


Smithfield Profits Off 10.7%

NEW YORK - Aug 25/05 - SNS -- Smithfield Foods, Inc. reported net income of U.S. $49 million on sales of $2,955 million during the first quarter ending July 31, compared to a net of $54.9 million on sales of $2,651.7 million during the same three months period of the previous fiscal year. . . . Continue or visitors click here


Hormel Foods Profits Slip

NEW YORK - Aug 25/05 - SNS -- Hormel Foods Corporation reported net earnings of U.S. $51.4 million on sales of $1,355 million during the third quarter ending July 31, compared to a net of $56.4 million on sales of $1,156 million during the same three month period of the previous fiscal year. . . . Continue or visitors click here


CBOT To Pursue IPO

CHICAGO - Aug 25/05 - SNS -- CBOT Holdings, Inc.';s review of company's strategic alternatives has concluded it is not prudent to pursue a sale or other change of control transaction, though the time is ripe to proceed with an initial public offering of its common stock. . . . Continue or visitors click here


Imperial Plant Escapes Major Hurricane Damage

NEW YORK - Aug 31/05 - SNS -- Imperial Sugar Company said its Gramercy, Louisiana, cane sugar refinery, located approximately 20 miles northwest of New Orleans on the Mississippi River, were suspended August 27 due to the approach of Hurricane Katrina. . . . Continue or visitors click here


Hurricane Damages Chiquita Port Facility

NEW YORK - Aug 31/05 - SNS -- Chiquita Brands International, Inc. said that its port facilities at Gulfport, Miss., were severely damaged by Hurricane Katrina. Gulfport is one of five U.S. ports the company uses to import bananas and other fresh produce. . . . Continue or visitors click here


United Natural Foods Profits Rise

NEW YORK - Aug 31/05 - SNS -- United Natural Foods, Inc. reported net income of U.S. $11.8 million on sales of $543 million during the fourth quarter ending July 31, compared to a net of $9.6 million on sales of $446.4 million during the same three month period of the previous fiscal year. . . . 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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