Market Currents

• Tuesday, October 27, 2009

• 08:04 AM Corn Products International (CPO): Q3 EPS of $0.70 beats by $0.07. Revenue of $971M (-10.5%) vs. $983M. (PR) Comment!
• 00:05 AM Notable pre-market earnings: AGCO, AKS, AMTD, AVY, BEAV, BEN, BJS, BP, BYD, CE, CP, CPO, CTV, CVG, ECL, ELNK, ENTG, FE, FPL, GIGM, HSP, IACI, ICON, JCI, LIFE, LLL, PCAR, SAH, TXT, VLO, WYNN, X Comment!

• Monday, February 2, 2009

• 09:00 AM Premarket losers: ROK -21%. MAT -17%. DRYS -14%. NYX -9%. HAS -8%. ABB -8%. IP -7%. CPO -7%. UBS -7%. HBC -7%. DB -6%. TKS -6%. PALM -6%. SNN -5%. BCS -5%. BSY -5%. C -5%. BAC -4%. DEO -4%. RIO -4%. GERN -4%. LVS -4%. BHP -4%. CS -4%. UL -4%. BP -4%. Comment!
• 06:32 AM Corn Products International (CPO): Q4 EPS of $0.70 beats by $0.07. Revenue of $957.1M (+0.2%) vs. $964.8M. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: BEAV, CPO, EPD, HUM, MAT, ROK, SYY
    Comment!

• Wednesday, November 5, 2008

• 08:46 AM Corn Products International (CPO) says it will withdraw its recommendation of Bunge's (BG) takeover bid. Originally valued at $4.2B, the value of the all-stock offer has plunged 63% along with Bunge's shares. Comment!

• Friday, October 24, 2008

• 00:05 AM Notable earnings before Friday's open: CPO, DSL, ERIC, EXC, FO, IR, ITT, TROW, UST Comment!

• Tuesday, July 22, 2008

• 05:44 AM Corn Products International (CPO): EPS of $0.90 beats by $0.07. Revenue of $1.03B (+20%) in-line. Sees full-year EPS of $3.15-3.35 vs. $3.11. [PR] Comment!
• 00:04 AM Notable earnings before Tuesday's open: AKS, AVY, BHI, BIIB, BJS, CAT, CHKP, CME, CP, CPO, DD, DPZ, ERIC, FCX, FITB, FRX, GNTX, HAL, JBLU, JEC, JEF, KEY, LCC, LXK, LMT, OMC, PXPS, PAS, PCAR, PMTC, RF, ROK, RYN, STI, SVU, TLAB, UAUA, UNH, UPS, WAT, WB, WU, WTNY, XTO. Comment!

• Tuesday, June 24, 2008

• 09:47 AM Bunge (BG) fell 9.4% yesterday after agreeing to acquire Corn Products (CPO) for $4.4B. Despite Street sentiment, Deutsche Bank likes the deal. Monday's sell-off may soon be just a blip on the chart. Comment!

• Monday, June 23, 2008

• 11:12 AM Bunge (BG) is now down 7.5% after agreeing to pay $4.4B in stock for Corn Products International (CPO +22.2%). Shares initially traded up. Comment!
• 08:49 AM Corn Products (CPO) +27.6%. Bunge (BG) +2.7%. Positive reactions on both sides of the merger table. Comment!
• 07:43 AM After merging with Corn Products (CPO), Bunge (BG) will remain #3 global agribusiness company by revenue, behind Cargill and ADM (ADM), but it gains a much stronger corn presence. Comment!
• 04:29 AM Bunge (BG) has agreed to acquire corn syrup maker Corn Products (CPO) for $4.4B in stock - a 31% premium. CPO gives Bunge a presence in nearly every stage of the corn-value chain. Comment!