CME Group Inc. Reports Fourth Quarter 2013 Financial Results

February 05, 2014

CHICAGO, Feb. 4, 2014 /PRNewswire/ -- CME Group Inc. (NASDAQ: CME) today reported revenues of $687 million and operating income of $323 million for the fourth quarter of 2013. Net income attributable to CME Group was $193 million and diluted earnings per share was $0.58.  Excluding the items noted in the reconciliation, adjusted earnings per share would have been $0.64.1)

"This was a year of progress," said CME Group Executive Chairman and President Terry Duffy.  "Throughout 2013 we faced many challenges as we worked with regulators and industry participants to successfully navigate the three waves of the Dodd-Frank clearing mandate.  Our response to a dynamically changing landscape...

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Faegre Baker Daniels LLP Attorneys Named 2014 BTI Client Service All-Stars

February 05, 2014

FAEGRE BAKER DANIELS (Feb. 4, 2014) — Faegre Baker Daniels LLP attorneys Scott Anderegg, Jacob Bylund, David Gross and Kim Walker have been selected as BTI Client Service All-Stars for 2014.

The All-Star designation is reserved for attorneys who stand out with corporate counsel as providing the best in client service. Clients recognize attorneys who demonstrate superior client focus and thought leadership, have an exceptional ability to understand their client's business, consistently exceed clients' expectations, possess excellent legal skills and depth of knowledge, and deliver outstanding results. Only 330 attorneys were selected for recognition in 2014.

Kim Walker was named an MVP...

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Nine Candidates Named for 2015 Corn Board Election

February 05, 2014

National Corn Growers Association has issued the following news release:

Nine corn growers from around the country have been nominated for election to the National Corn Growers Association’s Corn Board for the 2015 fiscal year, which begins Oct. 1. New board members will be elected by state delegates at the Corn Congress this July in Washington.

“We were thrilled to see so much interest from the corn growers who want to step up and help lead our organization,” said Pam Johnson, NCGA chairwoman and chair of the nominating committee. “Each of these candidates will serve our industry well, and we thank them for getting involved. This next year promises to be an exciting one for corn...

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Senate Sends Farm Bill to Obama

February 04, 2014

WASHINGTON (AP) — Congress has given its final approval to a sweeping five-year farm bill that provides food for the needy and subsidies for farmers.

Ending years of political battles, the Senate vote Tuesday sends the measure to President Barack Obama, who is expected to sign it.

The bill provides a financial cushion for farmers who face unpredictable weather and market conditions. But the bulk of its nearly $100 billion-a-year cost is for the food stamp program, which aids 1 in 7 Americans.

House Republicans had hoped to trim the bill's costs, but conservatives were eventually outnumbered as the Democratic Senate, the White House and a bipartisan coalition of farm-state lawmakers...

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Rice Lake Releases New Video for SURVIVOR® Truck Scales

February 04, 2014

Rice Lake, February 4th, 2014:  A new video highlighting Rice Lake’s SURVIVOR Truck Scale offering has been released, and is now viewable on the company’s website

The highly anticipated video outlines Rice Lake’s complete line of truck scales, from the SURVIVOR ATV to the SURVIVOR OTR and XV. The video details why SURVIVOR scales have grown to become North America’s number-one selling truck scale brand, highlighting superior construction methods and features, along with exceptional product support from start to finish. 

SURVIVOR scales have grown in popularity in a range of industries, from mining and aggregate, to forestry, transportation, and agriculture, and have come to be known...

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U.S. Senate Votes to Move Forward on Farm Bill

February 04, 2014

The Senate today overwhelmingly voted 72-22 to move forward on the 2014 Farm Bill, overcoming the bill's last procedural hurdle and clearing the way for a vote on final passage tomorrow. The Farm Bill is authored by U.S. Senator Debbie Stabenow, Chairwoman of the Senate Committee on Agriculture, Nutrition, and Forestry. The bill represents rare bipartisan agreement on a major jobs bill that will help grow a key sector of our economy. Agriculture is Michigan's second-largest industry. The 2014 Farm Bill reduces the deficit by $23 billion, ends unnecessary direct payment subsidies, increases support for healthy and locally grown Michigan foods, and is the country's largest investment in...

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Cargill will Idle Raleigh, NC Soybean Processing Facility

February 04, 2014

RALEIGH, N.C. – Jan 30, 2014 – Cargill said it will idle soybean processing activities at its facility in Raleigh later this spring. Cargill will continue to operate the Raleigh elevator as a viable market for soybeans, purchasing soybeans from area producers and elevator customers.

“This is a difficult decision because we have an excellent team of employees in Raleigh, where we have been in business since 1985,” said Don Camden, a regional manager for Cargill’s soybean processing business. “The North Carolina market is very important to us, and we look forward to serving both crop producers and livestock industry customers through our remaining activities at Raleigh as well as through...

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Scientists Fear Long California Drought

February 04, 2014

California's drought is being billed as the driest period in the state's recorded rainfall history. But scientists who study the West's long-term climate patterns say the state has been parched for much longer stretches before that 163-year period began.

And they worry that the "megadroughts" typical of California's early history could return.

Through studies of tree rings, sediment and other natural evidence, researchers have documented multiple droughts in California that lasted 10 or 20 years during the past 1,000 years "” compared to the mere three-year duration of this dry spell. The two most severe megadroughts make the Dust Bowl of the 1930s look tame: a 240-year-long drought...

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Farm Bill Keeps Country of Origin Labeling Rules

February 04, 2014

SIOUX FALLS, S.D. (AP) — Meat and livestock groups upset that Congress opted in the new farm bill not to back off from mandatory country of origin labeling requirements are worried the issue could start a trade war with Canada and Mexico.

Previous labeling rules required only the country of origin to be noted, such as "Product of U.S." or "Product of U.S. and Canada." New rules that took effect last year require that labels for steaks, ribs and other cuts of meat include clear information about where the animals were born, raised and slaughtered. Labels must specify, for example, "Born in Mexico, raised and slaughtered in the United States."

"That's a really big label on a package of...

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CGB Enterprises Acquiring W.B. Johnston Grain

February 04, 2014 | Grain

Feb. 03--ENID, Ok -- The oldest and largest privately owned grain company in the state, W.B. Johnston Grain, is going to be sold to a Louisiana company.

W.B. Johnston Grain entered into a letter of intent to sell its grain company and related business to CGB Enterprises Inc., a grain and transport business based in Covington, La.

The transactions is expected to close within 35 to 40 days, according to a press release from the companies. Terms of the transaction were not disclosed.

"We are looking forward to being a part of the CGB team," WBJ CEO Butch Meibergen said. "WBJ prides itself in providing producers with services they need, and we look forward to offering even more resources in...

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