News
ADM
60.76
-1.30%
-0.80
Canada's worries about Bunge-Viterra deal may force asset sales
Canada's worries about Bunge-Viterra deal may force asset sales. Canada's competition concerns about U.S. Agribusiness's planned takeover of rival Viterra. Experts say the companies may have to sell some assets to close the deal. The Competition Bureau in Canada is worried about reduced competition in Western Canada.
Reuters · 21h ago
Bunge Stock Sinks as Falling Prices Weigh on Profit
Grain trader Bunge reported shrinking profit for the first quarter of 2024. The company's stock is down 3.6% as of midday trading. Sales fell 12.5% to $13.4 billion, below Wall Street expectations of $14 billion. Bunge has been slammed by lower prices in the products it sells.
Barron‘s · 22h ago
UPDATE 2-Bunge quarterly profit tops estimates as processing results rise
Bunge quarterly profit tops estimates as processing results rise. Strong oilseed processing results in Europe and Asia offset weaker grain trading margins. World's largest oilseed processor reaffirms 2024 outlook for annual adjusted earnings of $9 per share. Bunge is working to close a deal to acquire grain handler Viterra.
Reuters · 1d ago
UPDATE 4-Bunge Q1 profit falls on weaker agribusiness results, shares drop
Bunge Global posts smaller-than-expected decline in first-quarter profit. Good oilseed processing results in Europe and Asia blunted impact of weaker grain trading margins. Bunge reaffirms 2024 outlook for annual adjusted earnings of $9 per share. Shares of Bunge fell 4.4% as the earnings guidance disappointed.
Reuters · 1d ago
UPDATE 3-Bunge Q1 profit falls on lower agribusiness results, shares sink
Bunge's first-quarter profit falls on lower agribusiness results, shares sink 4.7% in premarket trading. Good oilseed processing results in Europe and Asia blunted impact of weaker grain trading margins. World's largest oilseed processor reaffirms 2024 outlook for annual adjusted earnings of $9 per share. Bunge is working to close a deal to acquire grain handler Viterra.
Reuters · 1d ago
What's Going On With Food Processing Company Archer-Daniels-Midland Shares Today?
Archer-Daniels-Midland Company's Chief Financial Officer Vikram Luthar plans to resign from the post effective September 30, 2024. The company announced the resignation of the CFO due to accounting issues in its Nutrition division. The CFO will remain at the company as a non-executive employee until his resignation.
Benzinga · 1d ago
Madison Covered Call And Equity Income Fund Q1 2024 Investment Strategy Letter
Madison Covered Call And Equity Income Fund Q1 2024 Investment Strategy Letter. The S&P 500 blasted through the previous all-time high set in 2021 in the first quarter. The Fund owns a high quality portfolio of individual equities and sells equity call options on the portfolio holdings.
Seeking Alpha · 2d ago
UPDATE 4-Bunge-Viterra agriculture merger runs into Canada competition concerns
Bunge-Viterra agriculture merger runs into Canada competition concerns. Canada's Competition Bureau finds major competition concerns around the deal. The deal would create a company worth $34 billion including debt. The two companies say the bureau's concerns are misplaced. The Canadian government will take a final decision on the deal in June.
Reuters · 2d ago
ARCHER-DANIELS-MIDLAND CO: ADM'S DE111 GUT HEALTH PROBIOTIC APPROVED BY NATIONAL HEALTH COMMISSION (NHC) IN CHINA
Reuters · 2d ago
ADM’s CFO to Step Down Amid Probe
TipRanks · 2d ago
PRESS DIGEST - Wall Street Journal - April 23
Federal Trade Commission sues to block Tapestry's $8.5 billion acquisition of Capri Holdings. Archer Daniels Midland's CFO will resign later this year. Kroger and Albertsons say they will sell 579 stores under revised deal. Honda Motor agrees to assemble electric vehicles in Canada.
Reuters · 2d ago
Archer Daniels Midland CFO Luthar to resign in wake of DoJ probe
Archer Daniels Midland CFO Vikram Luthar to resign in wake of DoJ probe. The company faces an investigation by the U.S. Department of Justice over its accounting practices. ADM's CFO was placed on leave in January pending an internal accounting probe.
Seeking Alpha · 2d ago
UPDATE 2-ADM CFO to resign as company faces US government investigation
ADM CFO to resign as company faces US government investigation. Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30. ADM disclosed accounting issues within its Nutrition division in January. The company has been forced to revise six years of financial data.
Reuters · 2d ago
UPDATE 1-ADM CFO Vikram Luthar to resign amid accounting probe
ADM CFO Vikram Luthar to resign from his role effective Sept. 30. The company had put him on administrative leave in January amid an accounting probe. Archer-Daniels-Midland is confronting past accounting issues. The Chicago-based grain trader is facing two government investigations.
Reuters · 2d ago
Archer-Daniels-Midland Former CFO Vikram Luthar Agreed To Resign Effective Sept. 30
Benzinga · 2d ago
Archer Daniels Midland Announces Executive Transition Plan
TipRanks · 2d ago
Archer-Daniels-Midland CFO Vikram Luthar to step down
Reuters · 2d ago
RPT-ARCHER-DANIELS-MIDLAND CO: VIKRAM LUTHAR WILL RESIGN EFFECTIVE SEPTEMBER 30, 2024
Reuters · 2d ago
ARCHER-DANIELS-MIDLAND CO: VIKRAM LUTHAR WILL RESIGN EFFECTIVE SEPTEMBER 30, 2024
Reuters · 2d ago
ADM- UNDER AGREEMENT, LUTHAR TO GET ANNUAL CASH PERFORMANCE INCENTIVE AWARD FOR 2023 OF $743,419 & SHARES EARNED FOR 2021 PERFORMANCE SHARE UNIT AWARD
Reuters · 2d ago
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About ADM
Archer-Daniels-Midland Company is a human and animal nutrition company. The Company is an agricultural supply chain manager and processor. It operates through three business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds into vegetable oils and protein meals. The Carbohydrate Solutions segment is engaged in corn and wheat wet and dry milling and other activities. The Nutrition segment is engaged in the manufacturing, sale, and distribution of a range of ingredients and solutions, including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, and other specialty food and feed ingredients.