Jakarta / ID. (cg) Cargill Inc. completed its acquisition of a majority stake in PT Sorini Agro Asia Corporindo TBK. Cargill now owns 85,01 percent of Sorini´s ordinary shares. With the completion of this transaction, Sorini becomes a subsidiary of Cargill.
Berlin / DE. (bfr) The contamination of feeds with dioxins has considerably upset consumers. In the meantime the German BfR and other public authorities have analysed numerous samples of eggs, meat, dairy products and feedstuffs to determine their dioxin contents.
White Plains / NY. (bl) Bunge Limited announced that Andrew J. Burke will become Chief Financial Officer. Burke has served as interim CFO for the company since September 2010. He will also continue in his role as the company´s Global Operational Excellence Officer.
Downers Grove / IL. (slc) Sara Lee Corporation announced that its board of directors has agreed in principle to divide the company into two separate, publicly traded companies. The separation is expected to be completed in early calendar year 2012.
Louisville / KY. (yb) Yum! Brands Inc. announced that its Board of Directors authorized the repurchase of up to an additional 750 million USD of the company´s outstanding common stock over a period of up to 18 months. Repurchases may be made from time to time …
Chicago / IL. (mi) Dining out can be an indulgent treat. However, consumers in the United States are still hawkishly watching their discretionary spending – in fact, 60 percent of restaurant-goers report that the recession has changed the way their family spends money.
Atlanta / GA. (wag) Wendy´s / Arby´s International Inc. announced an agreement with Desarrollos Gastronomicos S.A. (DeGaSA) to develop 50 Wendy´s restaurants in Argentina over the next ten years, with the first location to open this year in Buenos Aires.
Seattle / WA. (sc) Starbucks Corporation reported financial results for its fiscal first quarter 2011. The previously-announced restructuring program, which was in effect during the fiscal 2008 to 2010 period, was completed at the end of fiscal year 2010.
Minneapolis / MN. (gm) General Mills Inc. said that Lois E. Quam has resigned from the company´s board of directors. Quam is joining the U.S. Department of State, where she will assume a newly created leadership role with responsibility for global health initiatives.
Wilmington / DE. (dp) DuPont announced its results for Q4 and FY 2010. «The fourth quarter was a strong finish to an outstanding year. We laid the groundwork for recovery in 2009 and executed with precision and effectiveness in 2010», said Chair and CEO Ellen Kullman.