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.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/. Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup. Sign up for our FREE SMS News alerts delivered directly to your mobile phone by texting the word PRESS to 545454. (SMS alerts are free, however data rates may apply, check your wireless plan for details.)
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.
FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
SOURCE FN Media Group, LLC