Lisa Clemens

Shale-Gas Revolution Spurs Wave of New U.S. Steel Plants: Energy

The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry.

Profit Drops 88% at Commodity-Trader Cargill

Cargill Inc., the commodity trader that’s the largest closely held U.S. company, reported fiscal second-quarter profit fell 88 percent because of commodity market “challenges” and the drop in sugar prices.

Cargill Profit Jumps 68% on Agriculture Volatility

Cargill Inc., the grain distributor that’s the largest closely held company in the U.S., said first- quarter profit rose 68 percent as volatility increased across agricultural commodity markets.

Viterra Soaring on Bid Talk Still Offers 42% Discount

Viterra Inc. is offering potential acquirers the chance to capitalize on the end of a wheat and barley monopoly in western Canada at a discount of at least 42 percent to the grain handler’s sales.

Glencore Said to Express Interest in Buying Canadian Grain-Handler Viterra

Glencore International Plc, the largest publicly traded commodities supplier, has expressed an interest in acquiring Canada’s biggest grain handler Viterra Inc., according to a person familiar with the situation.

Viterra Says Third Parties Showing Interest in Grain Handler; Shares Climb

Viterra Inc., Canada’s largest grain handler, received expressions of interest from third parties just as the company plans to capitalize on the end of the Canadian Wheat Board’s marketing monopoly.

Cargill Increases Loan to $1.25 Billion on Demand

Cargill Inc., the grain distributor that’s the largest closely-held company in the U.S., increased the size of a credit line by 25 percent to $1.25 billion.

Canada’s Harper Faces Less Pressure to Stop Viterra Takeover

Canadian Prime Minister Stephen Harper, whose government blocked a hostile takeover bid for Potash Corp. of Saskatchewan Inc. in 2010, may face less pressure to reject any sale of Viterra Inc.

Cargill, Royal DSM Are Said to Make Bids in $2.6 Billion Sale of Provimi

Provimi SA, a French maker of animal feed owned by Permira Advisers LLP, received takeover bids from Cargill Inc. and Royal DSM NV in a sale that may fetch more than 1.8 billion euros ($2.6 billion), said people with knowledge of the matter.

Cargill Arm Raises $373 Million to Buy Assets Banks May Sell to Meet Rules

Cargill Inc., the nation’s largest closely held company, raised $373 million through its CarVal Investors unit to buy debt assets that banks divest in the face of new regulations.

"Cargill's policy is not to comment on market rumors."

- Lisa Clemens on Jun 22, 2011

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Verizon Wireless Agrees to Pay Co-Owners $7 Billion Dividend

CIA Spy Caught in $1 Million Recruitment Sting, Russia Says

Tesla’s Straubel Keeps Motors Rolling as Stock Surges 57%

U.S. Stocks Advance on Increased Optimism Over Economy

Lehman Reaches Beyond Grave Seeking Millions From Nonprofits