Results 1 - 20 of 10,426 in Agriculture
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An Argument For The Best Sheets You Can Buy
My husband sleeps around, literally. I actually don't mind because he gets paid for sleeping around, which is more than most men can say.
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Eternal Technologies Announces First Quarter Report
Eternal Technologies Group, Inc. today reported net income of $2,016,517 or $.04 per share for the three months ended March 31, 2008.
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Eagle Scout With Local Ties Offers Advice to McCain
... Doug Sutherland, Washington's commissioner of public lands; and representatives from the banking industry, the agriculture industry and cities. The forum followed McCain's launch of his environmental platform on Monday. It relies heavily on capping ...
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Chiquita reaches deal to sell Atlanta AG
Chiquita Brands International Inc. has continued its restructuring effort with an agreement to sell its German subsidiary, Atlanta AG, to Belgium-based Univeg Group.
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Worst part of multiyear restructuring over, says George Weston Ltd. chairman
- For George Weston Ltd. (TSX:WN), the worst part of its multiyear restructuring plan at Loblaw (TSX:L) is over and consumers can now look forward to improved service, chairman W. Galen Weston told the company's 80th annual meeting Tuesday. "Over the last 12 months, customers have generally not seen the best of what we can do for them as a result of our challenging restructuring," Weston said, referring to Canada's largest grocery retailer. "The worst of this is now behind of us." Loblaw's first-quarter earnings, announced April 30, amounted to $62 million or 23 cents per share, up from $54 million or 20 cents in the first quarter last year as sales increased to $6.5 billion from $6.35 billion in the year-ago period. Faced with record food price inflation, soaring costs of doing business and the emergence of new lower cost retail formats that threatened the growth and profitability of the retail division, Loblaw rolled out a highly complex and difficult muiltiyear turnaround plan. Going forward, Weston told shareholders Tuesday, "the restructuring is designed to make the food retail division competitive for the long term" - repeating a message that he began delivering while still chairman of Loblaw, before handing the job to his son. Although publicly traded, both Weston and Loblaw are controlled by the Weston family. Apart from the grocery business, Weston has a major bakery business. Weston said Loblaw's senior management team, "while under real pressure to perform, is responding correctly and forcefully in ways that reveal the strengths and quality of the company as well as its opportunities and challenges." Loblaw recently announced several executive changes in an effort to improve performance. Allan Leighton, a long-time advisor to the family, became president of Loblaw last month, replacing Mark Foote, formerly head of retailing of Canadian Tire Corp. (TSX:CTC), who had been named to the post in September 2006 when Galen G. Weston, 32, succeeded his father as executive chairman and chief executive of Loblaw. Loblaw chief financial officer Bill Wells also left last month to became chief executive of Biovail Corp. (TSX:BVF), Canada's largest publicly traded drug maker. Wells was replaced by Bob Vaux, who is also Weston's CFO. Weston said Loblaw's five-point plan, which builds on the work already done over the first year of the turnaround, "will result not only in Loblaw becoming the best again." But, he said "it will provide a new and stronger foundation for the company's long-term performance and profitability." George Weston Ltd. recently reported a first-quarter profit of $131 million, up 26 per cent from a year-earlier $104 million on price increases and cost reductions. Its earnings amounted to 91 cents per share, compared with 70 cents per share in the first quarter of 2007. Analysts polled by Thomson Financial had expected earnings of 69 cents per share. Sales for the period ended March 22 ticked up 1.6 per cent to $7.34 billion from $7.2 billion in the year-earlier period, foreign currency translation negatively impacting growth by about 1.6 per cent. The good news about the Weston Foods side of the company, said Galen Sr., is that "while reported sales declined 1.2 per cent in 2007 to $4.3 billion, our sales would actually have risen by more than two per cent adjusting for the impact of the stronger Canadian dollar." Profitability rose again strongly in 2007, he said, with adjusted operating income increasing 17.5 per cent to $382 million. But, despite all these improvements, "the big story these days is the unprecedented increase in commodity prices," said Galen Sr. For instance, he said, the price of hard red spring wheat rose from under $5 a bushel in early 2007 to a recent peak of over $20. It has since dropped back below $10, but this still means the company's costs have doubled on this important bakery ingredient, he said. Many other commodities on which the company depends have also reached unheard of pricing levels, such as gasoline. "We have over 8,000 trucks alone across the country distributing food stuffs. That gives you some idea of the extra costs that the gas is having within the context of our business." "Whatever the best manufacturers and the lowest cost retailers can do," said Weston, "consumers will be faced with significant cost increases in food products." Nevertheless, he said, the company's three-fold response to securing the company against economic shocks such as the ones seen in the past 18 months are working well. George Weston, he said, is concentrating on three things: continuous product innovation, optimizing infrastructure and determined control of costs. So far, he said, "this strategy has served us well." On the TSX, George Weston shares were trading up 42 cents at $49.67, while Loblaw shares were up 13 cents at $32.58 in early afternoon trading Tuesday.
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Walkers receive stamps on trail
About 50 people recently received stamps in their passports, but not for visiting another country.
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Media Advisory - BMO Capital Markets to Host Third Annual Agriculture and Protein Conference
BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group , will hold its Agriculture and Protein investor conference on Thursday, May 15, 2008, in New York City.
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Seven St. Louis public companies make Barron's America's Best Companies list
St. Louis Business Journal - by Matt Allen Seven St. Louis-based public companies are included in the Barron's 500, the magazine's annual list of "America's Best Companies," for 2008.
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Colting: Enrollment in BS Agriculture dwindling
Wednesday, May 14, 2008 Colting: Enrollment in BS Agriculture dwindling By Rogelio Colting R4D Corner ENROLLMENT for the Bachelor of Science in Agriculture is starting to dwindle in some SUCs in the country.
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Bunge Limited to Address BMO Capital Markets Agriculture and Protein Conference
Bunge Limited today announced that Alberto Weisser, Chairman and CEO, Bunge Limited, and Jacqualyn Fouse, CFO, Bunge Limited, will address the BMO Capital Markets Agriculture and Protein Conference on Thursday, ...
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Task force tackles air quality, fire issues
... state Division of Air Quality director Cheryl Heying told a federal task force Tuesday. The U.S. Department of Agriculture's Agriculture Air Quality Task Force is meeting this week in Salt Lake City to talk about impacts the agriculture industry has ...
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Belgian-based UNIVEG buys Atlanta AG from Chiquita Brands for $85 million
CINCINNATI : Chiquita Brands International Inc. said Tuesday it has agreed to sell its German distribution business for $85 million .
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Trustee at JCC resigns ccummings@citpat.com -- 768-4918 The Jackson Community College Board is looking for another replacement after announcing Monday that a second trustee this year has resigned.
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Colorado governor to sign ban on veal crates, sow stalls
... but he says the mediation between producers and the animal activist group is encouraging. In fact, it saved the agriculture industry from having to spend millions of dollars fighting a ballot measure that's already passed in Florida and Arizona. ...
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Westpac to Buy St. George for $17.5 Billion, Create Australia's No. 2 Bank
Westpac Banking Corp. agreed to buy St. George Bank Ltd. for A$18.5 billion to create Australia's second-biggest bank and largest provider of home loans.
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... the County General Plan, threatening the county with over-development, taxing our roads, threatening our viable agriculture industry and ignoring the principles of sustainable growth. This is nonsense! Solano County needs less traffic and less ...
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Chiquita's Corporate-Sponsored Terror?
W hen Chiquita Brands International pleaded guilty last year to violating anti-terrorism laws-and was fined $25 million for its payments to Colombian terrorists-Tania Julin and Nancy Hamm felt betrayed and ...
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Land O'Lakes earnings soar 16 percent
Land O'Lakes Inc., the Arden Hills-based dairy cooperative, today said its first-quarter earnings rose 16 percent, as explosive commodity prices continue to sweep the farm sector.
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Chiquita to sell German unit for $85M
Chiquita Brands International Inc., which produces bananas, other fresh-cut fruits and packaged salads, said Tuesday it agreed to sell its German distribution business for at least $85 million to produce ...
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Turner ready to open $170 million Silo Point without any pre-sales
On Tuesday, when hundreds of black tie-wearing philanthropists gather in Baltimore to celebrate the 10th anniversary of the local chapter of George Soros' Open Society Institute, the site of their revelry could ...
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