Cargill: reports fourth-quarter and fiscal 2007 earnings

Minneapolis / MN. (cg) Cargill Inc. reports net earnings of 628 million USD in the fiscal 2007 fourth quarter ended May 31, up 75 percent from 358 million USD (1) in the same period a year ago. Results reflected increased earnings from operations as well as a decrease in income tax-related expenses. For the full fiscal year, Cargill earned 2,34 billion USD, a 36 percent increase from 1,73 billion USD (2) a year ago. Results reflected increased earnings from operations and decreased income tax-related expenses in the third and fourth quarters.

Starbucks: Rumors are not true — to the half

Seattle / WA. (beu) United States based Coffee shop chain Starbucks Corporation plans to enter the Argentina market as well as expand its brand in Chile and Colombia. Starbucks is planning these expansions through its Mexican based Regional Franchise Alsea, which also operates several US based restaurants in Mexico including Burger King, Chilis Grill + Bar and Domino´s Pizza – we read some days ago.