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 RisesNEW 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 CEONEW 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 NetNEW 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 UpNEW 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 LossNEW 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 SharesNEW 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 DoubleNEW 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 VPNEW 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 PlantNEW 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 AssetsNEW 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-ChemNEW 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 Q3NEW 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 DividendNEW 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 DividendsNEW 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 RefineryNEW 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 SoybeansNEW 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 GrowthNEW 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 PBINEW 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 SaleWINNIPEG - 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 OfferNEW 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 SharesTORONTO - 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 PurchaseNEW 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 BoardNEW 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 ReachNEW 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 SlumpNEW 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 InkNEW 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 SubsidiaryNEW 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 AppealNEW 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 ShareNEW 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 NotesNEW 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 DividendNEW 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 MergerNEW YORK - Aug 23/05 - SNS -- The Hain Celestial Group, Inc. will merge with Spectrum Organic Products, Inc. . . . Continue or visitors click here Heinz Declares DividendsNEW 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 $230MNEW 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 SlipNEW 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 IPOCHICAGO - 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 DamageNEW 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 FacilityNEW 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 RiseNEW 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
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