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Stock Market & Financial Investment News

News Breaks
November 14, 2012
16:12 EDTBG, SZYMSolazyme announces Joint Venture Expansion Framework with Bunge unit
Solazyme (SZYM) announced that it has entered into a Joint Venture Expansion Framework Agreement with Bunge Global Innovation, a wholly-owned subsidiary of Bunge Limited (BG). The agreement sets forth the intent of the partners to expand joint venture-owned oil production capacity at Solazyme Bunge Renewable Oils from the current 100,000 metric tons under construction in Brazil to 300,000 metric tons by 2016 at select Bunge owned and operated processing facilities worldwide. Also, the companies intend to expand the portfolio of oils to be produced out of their joint venture facility in Brazil. The expanded field and portfolio of oils would include certain tailored food oils for sale in Brazil, where Bunge is the largest supplier of edible oils through several of its retail brands. The parties intend to work together through joint market development to bring new healthy and nutritious edible oils to the Brazilian market. The parties anticipate negotiation of definitive agreements in the coming months.
News For SZYM;BG From The Last 14 Days
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February 9, 2016
12:04 EDTBGUSDA raises corn supply forecast by 35M bushels
In its monthly World Agricultural Supply and Demand Estimates report, the USDA raised its corn ending stocks estimate for 2015/16 by 35M bushels. The projected range for the corn season-average farm price is narrowed 5 cents on both ends to $3.35 to $3.85 per bushel. Publicly traded companies in the Agriculture and Fertilizer spaces include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).
January 29, 2016
16:43 EDTSZYMSolazyme sees reducing headcount by more than 20%
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