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News Breaks | | | | November 16, 2012 | | 10:59 EDT |  | INGR, BG, PEIX, BIOF, ADM | EPA rejects request to ease ethanol use rules, Bloomberg reports
The Obama administration rejected a request from eight state governors to waive requirements for blending corn-based ethanol into gasoline, according to Bloomberg, citing a person familiar with the matter. Reference Link | |
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News For ADM;INGR;BG;PEIX;BIOF From The Last 14 Days Check below for free stories on ADM;INGR;BG;PEIX;BIOF the last two weeks. |
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| May 15, 2013 | | 16:55 EDT |  | ADM | Berkshire Hathaway gives quarterly update on stakes
 Subscribe for More Information | | | 14:57 EDT | | ADM | Archer Daniels says added $200M cost savings expected by end 2014
Operational improvements are expected to enable Archer Daniels Midland to realize $200M in additional cost savings by the end of 2014, and to free up an additional $1B in cash by the end of 2013, the company said in advance of its presentation at the BMO Capital Markets 2013 Farm to Market Conference. The additional $200M is expected to come from reducing energy and water use; implementing a companywide maintenance-management system; standardizing processes, procedures and inventory controls; and leveraging the company’s scale in the area of procurement. The additional $1B in working cash improvements would bring the total the company has unlocked since mid-2012 to $2B, through better inventory-management; monetization of underutilized assets as part of an ongoing portfolio management effort; extracting cash from various joint ventures; and improved processes for managing payables and receivables. | | | 07:31 EDT |  | ADM, BG | BMO Capital to host a conference
Subscribe for More Information | | | May 13, 2013 | | 16:18 EDT | | PEIX | Pacific Ethanol announces effectiveness of one-for-fifteen reverse stock split
Pacific Ethanol announced that it has filed an amendment to its Certificate of Incorporation to effect a one-for-fifteen reverse stock split of its issued and outstanding shares of common stock. The reverse stock split will be effective as to stockholders of record on Tuesday, May 14. Trading of the company's common stock on a split-adjusted basis is expected to begin at the open of trading on May 14. As a result of the reverse stock split, every fifteen shares of pre-split common stock will automatically be reclassified as and converted into one share of post-split common stock. The reverse stock split, which was approved by the company's stockholders on May 10, will reduce the number of shares of the Company's outstanding common stock from approximately 162.9M shares to approximately 10.9M shares. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share. | | | May 10, 2013 | | 17:07 EDT |  | ADM | Archer Daniels files automatic mixed securities shelf
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