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Corporate market news for Jul 2004


CN Rail Issues $800 Million Debt Offering

MONTREAL - Jul 6/04 - SNS -- CN Rail is offering a US$800 million debt offering composed of US$300 million 4.25% Notes due 2009, and US$500 million 6.25% Debentures due 2034. CN expects to close the financing on July 9, 2004. . . . Continue or visitors click here


DFC Names MacDonald Marketing Director

MONTREAL - Jul 6/04 - SNS -- Dairy Farmers of Canada named Ian MacDonald its National Director, Marketing and Nutrition to tackle regional and national market expansion programs for Canadian dairy products. . . . Continue or visitors click here


ADM, CGB Exchange Terminals

DECATUR - Jul 7/04 - SNS -- Archer Daniels Midland Company (ADM) and Consolidated Grain Barge Company (CGB) have transferred ownership of grain terminals effective July 1. . . . Continue or visitors click here


Saskcan Pulse Expands Operations

REGINA - Jul 7/04 - SNS -- Saskcan Pulse Trading Inc. has doubled its processing capacity in a series of agreements involving the Saskatchewan Wheat Pool (SWP) and CrownAg International Inc.. . . . Continue or visitors click here


England Resigns from ABB Board

SYDNEY - Jul 8/04 - SNS -- Richard England resigned from the ABB Grain Ltd (ABB) board of directors effective July 1. . . . Continue or visitors click here


Milk Board Appointments

WASHINGTON - Jul 13/04 - SNS -- Two new members were appointed by the USDA to the U.S. National Fluid Milk Processor Promotion Board to fill vacancies for existing terms. . . . Continue or visitors click here


Lansing Buys GM Elevators in Idaho

OKEMOS - Jul 13/04 - SNS -- Lansing Grain Company, LLC, is buying three grain handling facilities in Idaho from General Mills. . . . Continue or visitors click here


Speedy Growth in Gluten, Dairy Free Demand

EDMONTON - Jul 14/04 - SNS -- Demand for gluten- and dairy-free products is growing faster than anticipated since Kinnikinnick Foods Inc.'s entered a May 1 agreement with U.S.-based Tree of Life/Gourmet Award Foods to distribute its products from nationally. . . . Continue or visitors click here


Cargill, MGP Develop Low Carb Diet Starch

MINNEAPOLIS - Jul 14/04 - SNS -- MGP Ingredients, Inc. and Cargill will jointly market a new resistant starch product called Fibersym™ HA that is derived from high amylose corn and ideal for use in a wide array of lower net carbohydrate* food products. . . . Continue or visitors click here


Nestle Sells Eismann

GENEVA - Jul 19/04 - SNS -- Nestlé is selling its Eismann home delivery business to German Equity Partners II ("GEP"). The terms of the divestment have not been disclosed and the transaction is subject to regulatory approval. . . . Continue or visitors click here


Planet Organics Secures Financing

EDMONTON - Jul 20/04 - SNS -- Planet Organic Health Corp. has raised CDN $2 million through a private placement of 2,500,000 share units at a price of $0.80 per Unit. . . . Continue or visitors click here


CN Declares Quarterly Dividend

MONTREAL - Jul 20/ 04 - SNS -- CN Rail will pay a quarterly dividend of nineteen and one-half cents (C$0.195) per common share will be paid on Sept. 30, 2004, to shareholders of record on Sept. 10, 2004. . . . Continue or visitors click here


CN Rail Reports Record Profit

MONTREAL - Jul 20/04 - SNS -- Canadian National Railway Company (CN) reported a record quarterly net income of CDN $326 million on revenues of $1,665 million for the second quarter ended June 30, 2004. . . . Continue or visitors click here


CMI Developing Service Crop Center

SPALDING - Jul 20/04 - SNS -- CMI Terminal Joint Venture plans to develop a full service crop production center on the site of its 18,000 metric ton (MT) grain terminal located between Naicam and Spalding, Saskatchewan. . . . Continue or visitors click here


Chandra to Manage ADM Ocean Freight

DECATUR - Jul 20/04 - SNS -- Captain Yashwant K. Chandra is the new Vice President-Ocean Freight for the ADM Grain Group. . . . Continue or visitors click here


Andersons Sells Two Farm Centers

MAUMEE - Jul 21/04 - SNS -- The Andersons, Inc. will sell its Lyons, OH and Munson, MI Farm Centers to Archbold Agri-Services. . . . Continue or visitors click here


ABF Buys Australia's Burns, Philp

LONDON - Jul 22/04 - SNS -- Associated British Foods plc will pay U.S. $1,350 million for the international yeast, bakery ingredients and U.S. herbs and spices businesses from Burns, Philp & Company Limited of Australia. . . . Continue or visitors click here


Canada Bread Sales, Profits Jump

TORONTO - Jul 22/04 - SNS -- Canada Bread Company, Limited reported a major increase in net earnings and sales during the second quarter ending June 30. . . . Continue or visitors click here


Maple Leaf Reports $26.3M Net

TORONTO - Jul 22/04 - SNS -- Maple Leaf Foods Inc. reported net earnings for the second quarter ending June 30 or CDN $26.3 million on sales of $1.7 billion. . . . Continue or visitors click here


Danone Sells UK Biscuit Operation

LONDON - Jul 26/04 - SNS -- United Biscuits will buy Jacob's Bakery Ltd in the United Kingdom and Irish Biscuits Ltd in Ireland from Groupe DANONE. . . . Continue or visitors click here


Danone Reports 8.2% Profit Increase

LONDON - Jul 26/04 - SNS -- Groupe DANONE reported a net profit of Euro 436 million on sales of Euro 6,995 million in the first half 2004. . . . Continue or visitors click here


Kellogg Profits Climb

BATTLE CREEK - Jul 26/04 - SNS -- Kellogg Company reported net earnings of $237.4 million in the quarter ending June 26, up from $203.9 million in the comparable period last year. Diluted earnings per share were $0.57, a 14% increase from last year's $0.50 per share. . . . Continue or visitors click here


Chiquita Names New NA VPs

NEW YORK - Jul 26/04 - SNS -- Chiquita Brands International, Inc. named Sherrie Terry to the new position of vice president of category development and Joe Huston vice president of marketing. . . . Continue or visitors click here


Tyson Reports $42 Million Q3 Profit

NEW YORK - Jul 26/04 - SNS -- Tyson Foods, Inc. reported a pretax profit of $42 million on sales of $6,600 million for the third quarter of its 2003-04 fiscal year. . . . Continue or visitors click here


SWP Sells Aquaculture Site

REGINA -- Jul 26/04 - SNS -- The Saskatchewan Wheat Pool (SWP) sold its aquaculture operations on Lake Diefenbaker to Wild West Steelhead, a division of Alberta-based Nil-Ray Farms Ltd. . . . Continue or visitors click here


Safeway Posts $155.2 Million Q2 Net

NEW YORK - Jul 27/04 - SNS -- Safeway Inc. posted a net income of $155.2 million on sales of $8,400 million during the company's second quarter ending June 19, 2004; down from a net income of $161 million on sales of $8,300 million during the same quarter last year. . . . Continue or visitors click here


Mandracchia Named to ADM Kao LLC

NEW YORK - Jul 27/04 - SNS -- Crocifissa Mandracchia is the General Manager-ADM Kao LLC and will oversee the Enova™ brand oil business. . . . Continue or visitors click here


Chiquita Relocates Port Operations

NEW YORK - Jul 28/04 - SNS -- Chiquita Brands International, Inc. is relocating its U.S. West Coast port operations to the Port of Hueneme from Long Beach. . . . Continue or visitors click here


Sun Valley Buys Caravelle

NEW YORK - Jul 29/04 - SNS -- Cargill's Sun Valley Foods division will buy the Caravelle Foods business. Subject to regulatory approval, the deal is expected to conclude within the next couple of months. . . . Continue or visitors click here


Bunge Reports $112 Million Q2 Net

NEW YORK - Jul 29/04 - SNS -- Bunge Limited reported net earnings of $112 million for the second quarter of the current fiscal year ending June 30, down 38% from the $182 million reported during the same quarter last year. . . . Continue or visitors click here


CBOT Reports Q2 Income

CHICAGO - Jul 29/04 - SNS -- The Chicago Board of Trade (CBOT) reported net income of $16.5 million for the second quarter of the current fiscal year, compared to $9.9 million in the same period of 2003. . . . Continue or visitors click here


ADM Reports Q4 Loss

NEW YORK - Jul 30/04 - SNS -- Archer Daniels Midland Company (ADM) reported a fourth quarter loss of $103 million on sales of $9,686 million, compared to a $95 million in net earnings on sales of $8,048 million during the same period last year. . . . Continue or visitors click here



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