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CORAL-SPRINGS, Florida, January 30, 2014 /PRNewswire/ --
Midday Market Snapshot and news for today's Consumer Goods sector: RiceBran Technologies (NASDAQ: RIBT), Amira Nature Foods, Ltd. (NYSE: ANFI), The Hillshire Brands Company (NYSE: HSH) and Archer-Daniels-Midland Company (NYSE: ADM)
RiceBran Technologies (NASDAQ: RIBT), a global leader in the production and marketing of value added products derived from rice bran, today announced that it has been awarded a judgment against Diabco Life Sciences, LLC ("Diabco"). The Superior Court of California in and for the County of Sacramento awarded a judgment of $1,013,241 to RiceBran Technologies against Indiana-based Diabco Life Sciences, LLC for failure to pay for product received from RBT. The judgment includes all of RBT's costs and expenses incurred in pursuing collection of the past due debt. Interest has begun and will accrue at the rate of 10% per annum until the debt is paid. RBT is taking steps to aggressively pursue collection of the award using all legal means available. To read the full press release, please click here: http://www.fnmprofiles.com/profiles-ribt.html
Amira Nature Foods, Ltd. (NYSE: ANFI) sells primarily basmati rice, a premium long-grain rice grown only in certain regions of the Indian subcontinent, sold under the company's flagship Amira brand as well as under third-party labels. The Amira branded products consist of several rice varieties, such as Amira Sameena Basmati Rice and ready-to-eat snacks. The company sells its products, primarily in emerging markets, through a broad distribution network. The products are sold in over 40 countries, with a branded presence in over 25 of them. ANFI was up over 5% as of midday Thursday at $18.53 per share.
The Hillshire Brands Company (NYSE: HSH) today reported results for the second quarter and first six months of fiscal year 2014. Second quarter net sales increased 2.1% to $1.1 billion, Adjusted1 operating income of $139 million, up 9.0%; reported operating income increased 16.9% to $116 million, Adjusted diluted EPS of $0.66, up 6.5%; reported diluted EPS from continuing operations of $0.91 up 93.6%, Fiscal 2014 adjusted diluted EPS now expected to be near the high end of the previous range. Read the full story at http://finance.yahoo.com/news/hillshire-brands-reports-strong-second-123000839.html
Archer-Daniels-Midland Company (NYSE: ADM) manufactures and sells protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients; and processes oilseeds, corn, wheat, cocoa, and other agricultural commodities. The company's Oilseeds Processing segment originates, merchandises, crushes, and processes oilseeds, such as soybeans and soft seeds into vegetable oils and protein meals. ADM was up slightly as midday Thursday at $39.62 per share on over 1.7Million shares traded.
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DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. FNMG has been compensated seven hundred fifty dollars for RiceBran Technologies news coverage by the Company.
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