Corporate market news for Oct 2004 Astra Agro Lestari Plans ExpansionJAKARTA - Oct 1/04 - SNS -- Indonesia's Astra Agro Lestari plans to expand its oil palm plantations by 145,000 hectares in 2005 at a projected cost of IDR1.2 trillion. . . . Continue or visitors click here General Mills Sells Cereals InterestNEW YORK - Oct 4/04 - SNS -- General Mills will sell $835 million of Class B preferred shares in General Mills Cereals LLC to an affiliate of Lehman Brothers to generate cash to buy back around 16.5 million General Mills common shares from Diageo plc. . . . Continue or visitors click here Chiquita Names Viviani VPNEW YORK - Oct 5/04 - SNS -- Chiquita Brands International, Inc. named Tanios Viviani as vice president, Fresh Cut Fruit. Viviani will be responsible for leading Chiquita Fresh Cut Fruit, which began serving customers in the Midwestern United States inthe fourth quarter 2003. . . . Continue or visitors click here Australian Logistics Company Passes ACCCSYDNEY - Oct 7/04 - SNS -- Australia's Competition and Consumer Commission (ACCC) has given interim authorization to AWB Limited (AWB) and GrainCorp Limited to start operating a joint venture logistics company called EGL Pty Ltd. . . . Continue or visitors click here Saskcan Pulse Contributes to Research LabSASKATOON - Oct 7/04 - SNS -- Saskcan Pulse Trading Inc. has contributed CDN $10,000 toward construction of a pulse field lab research facility at the University of Saskatchewan. . . . Continue or visitors click here Recipes Generate Food Bank DonationsWINNIPEG - Oct 7/04 - SNS -- Manitoba's Peak of the Market grower co-operative will donate 50 pounds of fresh vegetables to local food banks when an individual signs up in October for the company's free recipe e-mails. . . . Continue or visitors click here AMH is Top Value Added Meat CompanySYDNEY - Oct 11/04 - SNS -- Australia Meat Holdings topped the annual ranking of Australia's top 25 value adding companies in the October issue of Meat & Livestock Australia's journal Feedback. . . . Continue or visitors click here Cargill Reports Record EarningsNEW YORK - Oct 12/04 - SNS -- Cargill reported 33% jump in earnings to a record $457 million from continuing operations for the 2005 first quarter ended Aug. 31, up 33% from a year ago. . . . Continue or visitors click here Deere Building Tractor Factory in BrazilNEW YORK - Oct 13/04 - SNS -- Deere & Company will build a new tractor factory Montenegro, Rio Grande do Sul, in Brazil. . . . Continue or visitors click here Ostermann ADM Europe TreasurerNEW YORK - Oct 13/04 - SNS -- ADM has named Douglas R. Ostermann its Regional Treasurer-Europe, where he will look after ADM's cash management, foreign exchange and payment processing. . . . Continue or visitors click here Pulse Board Nominations OpenVANCOUVER - Oct 13/04 - SNS -- Nominations are now open for two positions on the Saskatchewan Pulse Growers board of directors. . . . Continue or visitors click here Rogers Sugar Fund DistributionTORONTO - Oct 15/04 - SNS -- Rogers Sugar Income Fund authorized a monthly distribution of $0.0334 per trust unit to be paid to Unitholders of record on October 31, 2004, payable on or before November 30, 2004. . . . Continue or visitors click here Nestle Consolidates Media OperationsNEW YORK - Oct 15/04 - SNS -- The Nestle Group will consolidate its entire media planning and buying with Publicis Groupe (ZenithOptimedia) and WPP (Group M). Nestle Japan will, however, continue its longstanding media relationship with Dentsu. . . . Continue or visitors click here Bunge Declares DividendNEW YORK - Oct 154/04 - SNS -- Bunge Limited declared a regular quarterly cash dividend of $0.13 per share. . . . Continue or visitors click here K-State Expands Ag Research FacilitiesMANHATTAN - Oct 15/04 - SNS -- Kansas State University held ground breaking ceremonies for its new $6.8 million Teaching and Research Flour Mill today; and dedicated the university's Bioprocessing and Industrial Value Added Program (BIVAP) building that was completed last spring. . . . Continue or visitors click here MGEX Names DirectorsMINNEAPOLIS - Oct 19/04 - SNS -- Owners of the Minneapolis Grain Exchange (MGEX) re-elected two members and elected five new members to the 2004-2005 board of directors. . . . Continue or visitors click here CN-CPR Co-operate in VancouverVANCOUVER - Oct 19/04 -- CN and Canadian Pacific Railway (CPR) will work more closely together to improve rail efficiency in the Canadian port of Vancouver. . . . Continue or visitors click here Hershey Changes Executive TeamNEW YORK - Oct 21/04 - SNS -- Hershey Foods Corporation reported third quarter net income of U.S. $166,229,000, or $.66 per share-diluted on sales of $1,254,508,000, compared to $143,604,000, or $.55 per share-diluted on sales of $1,191,019,000 las year. . . . Continue or visitors click here Hershey Changes Executive TeamNEW YORK - Oct 21/04 - SNS -- Hershey Foods Corporation is making several changes to its executive team on account of the retirement of Frank Cerminara, Senior Vice President, Chief Financial Officer, effective December 31, 2005. . . . Continue or visitors click here Nestle Reports Continued Sales GrowthNEW YORK - Oct 21/04 - SNS -- Nestle reported sales growth of 2.9% between January and September of this year despite losing 4.6% on foreign exchange fluctuations and divestitures. . . . Continue or visitors click here Danisco Expands German Cultures PlantLONDON - Oct 22/04 - SNS -- Danisco A/S will invest EUR 7 million to expand the capacity at its cultures plant in Niebüll, Germany. . . . Continue or visitors click here AWB Wins AwardsSYDNEY - Oct 22/04 - SNS - The Australian Wheat Board (AWB) won the "Agribusiness Award" and the "Export Award for Innovation Excellence" in 2004 Governor of Victoria Export Awards. . . . Continue or visitors click here Kellogg Declares DividendNEW YORK - Oct 22/04 - SNS -- Kellogg Company declared a dividend of $.2525 per share on the common stock of the Company. . . . Continue or visitors click here Barley Board Enters Fertilizer BusinessSYDNEY - Oct 25/04 - SNS -- Australia's barley marketing board, ABB Grain Ltd., has agreed to buy the fertilizer business of Direct Fertilizers Limited (DFL) and Direct Fertilizers International Pty Ltd (together Direct). . . . Continue or visitors click here NYSE Trading Opens for MosaicNEW YORK - Oct 25/04 - SNS -- Trading in common shares of The Mosaic Company began on the New York Stock Exchange today. . . . Continue or visitors click here Kellogg Profits Jump 7%NEW YORK - Oct 25/04 - SNS -- Kellogg Company reported net earnings of U.S. $247 million on sales of $2,450 million during the third quarter ending September 25. . . . Continue or visitors click here General Mills Board ChangesNEW YORK - Oct 25/04 - SNS -- Steve Odland was elected to the General Mills board of directors. . . . Continue or visitors click here Land O'Lakes Declares $29.9 Million LossNEW YORK - Oct 26/04 - SNS -- Land O’Lakes, Inc. reported a loss of $29.9 million on sales of $1,800 million during the company's third quarter, compared to a net loss of $1.9 million on sales of $1,600 million during the same three month period last year. . . . Continue or visitors click here CN Share Buy-Back, DividendMONTREAL - Oct 27/04 - SNS - Canadian National Railway Company (CN) announced it will try to buy back 14 million shares and that it is issuing a dividend. . . . Continue or visitors click here CN Rail Profits Leap 18%MONTREAL - Oct 27/04 - SNS -- The Canadian National Railway Company (CN) reported a net income of CDN $346 million on revenues of $1,709 million during the third quarter ending September 30, up from $294 million on revenue of $1,413 million during the same quarter last year. . . . Continue or visitors click here Del Monte Profits ShrinkNEW YORK - Oct 27/04 - SNS -- Fresh Del Monte Produce Inc. reported net income of $13.7 million on sales of $610.4 million during the third quarter ending September 24, down from net income of $34.43 million on sales of $563.7 million during the same quarter last year. . . . Continue or visitors click here SWP Doubles Fourth Quarter ProfitsREGINA - Oct 27/04 - SNS -- The Saskatchewan Wheat Pool (SWP) reported a net income of $28.76 million on gross revenue of $542.5 million during the fourth quarter ending July 31, up from $14.5 million on revenue of $448.9 million in 2003. . . . Continue or visitors click here SWP Boosts 2003-04 Grain HandleREGINA - Oct 27/04 - SNS -- The Saskatchewan Wheat Pool (SWP) experienced a substantial increase in grain handle at both primary and terminal elevator facilities during the 2003-04 marketing year. . . . Continue or visitors click here Bunge Q3 Profits DoubleNEW YORK - Oct 28/04 - SNS -- Bunge Limited reported net income of U.S. $189 million on net sales of $6,560 million during the third quarter ending September 30, more than double the $89 million net on sales of $5,784 million reported during the same quarter last year. . . . Continue or visitors click here Bunge Buying Russian Grain TerminalNEW YORK - Oct 28/04 - SNS -- Bunge Limited's European operating arm will buy a grain terminal in the port of Rostov, Russia from ZAO Trade Port. . . . Continue or visitors click here DTN, MGEX Create New Ag IndexesNEW YORK - Oct 28/04 - SNS -- The Minneapolis Grain Exchange (MGEX) has agreed to use new agricultural indexes computed by DTN as the basis of its five new agricultural index futures and options contracts beginning December 15. . . . Continue or visitors click here Bunge Buys Russian VegOil FacilityNEW YORK - Oct 29/04 - SNS -- Bunge Limited will buy the Ideal business of premium bottled oils for approximately $20 million from Molinos International, a subsidiary of Molinos Rio de la Plata. The acquisition encompasses exclusive rights to the Idealbrand in Russia and all Former Soviet Union (FSU) nations. . . . Continue or visitors click here ADM Reports 77% Jump in NetNEW YORK - Oct 29/04 - SNS -- Archer Daniels Midland reported a significant increase in first quarter net income at $266.3 million on sales of $8,972.4 million. . . . Continue or visitors click here Cargill's Seara Purchase ApprovedBRUSSELS - Oct 29/04 - SNS -- Cargill Inc.'s proposed purchase of the Brazilian pork and poultry producer Seara Alimentos, S.A. has been approved under the European Union's Merger Regulation because the "acquisition poses no serious competition concerns." . . . Continue or visitors click here
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