CHICAGO, Feb 5- Archer Daniels Midland Co reported higher quarterly profit on Tuesday as strong demand for oilseeds helped the agricultural giant shake off the impact of a historic U.S. drought. Shares rose before the market opened as its results topped Wall Street estimates.
CHICAGO, Feb 5- Agribusiness giant Archer Daniels Midland Co reported higher quarterly earnings on Tuesday, boosted by strong global demand for oilseeds. ADM, one of the world's top grain traders, posted net earnings of $510 million, or 77 cents per share, in the second quarter ended Dec. 31, up from $80 million, or 12 cents per share, in the same period a year earlier.
CHICAGO, Feb 5- Archer Daniels Midland Co on Tuesday reported a six-fold increase in quarterly profits as strong demand for oilseeds helped the agricultural giant shake off the drag of a historic U.S. drought.
SYDNEY/ NEW YORK, Dec 4- U.S. agribusiness giant Archer Daniels Midland Co moved closer to securing GrainCorp Ltd after raising its takeover bid to $2.9 billion and hiking its stake in Australia's last major independent grains handler.
Dec 3- Archer Daniels Midland Co on Monday raised its bid for Australia's GrainCorp Ltd to $2.9 billion in cash from $2.8 billion, as the U.S. agribusiness group seeks to expand its geographic reach. Including a recently announced dividend of 35 cents per share, which GrainCorp shareholders would be able to keep, ADM said its new offer is for A $12.55 per share.
*Goldman Sachs chief says low marginal rates preferable. WASHINGTON, Nov 28- Chief executives from corporations such as Goldman Sachs and Deloitte LLP met with President Barack Obama on Wednesday and offered support for resolving U.S. fiscal problems with an approach that included higher tax rates for wealthy Americans.