GFM Network News

Travel, trade and local markets

It was no surprise to learn last week that our federal minister of agriculture has racked up $271,000 in travel expenses since March 2011, the most of anyone in the federal cabinet. But unlike some of his colleagues, whose expense accounts have raised eyebrows among Canadians and howls of protest from opposition critics, we expect

BHP Kills PotashCorp Bid, Revives Shareholder Buyback

BHP Billiton has scrapped its $39-billion bid for Canada’s PotashCorp and bowed to calls from investors to return cash, a move that came days after regulators blocked the year’s biggest takeover deal. BHP, conceding defeat for the third straight time on a major proposed merger or acquisition, signalled with its revived $4.2-billion share buyback that

Flax Is Fabulous For Food

“Nobody else in the world can do it – take the oil, put it in a bottle and keep it stable for the period of time that we can.” – JIM DOWNEY Ask Jim Downey, CEO of Brandon-based Shape Foods, why he’s so energized and the former deputy premier and Progressive Conservative MLA for Arthur,

Deere Considers Sale Of $1-Bln Wind Portfolio

Deere & Co. has retained Goldman Sachs Group to help review options for its $1-billion wind-energy portfolio, including a possible sale, the U. S. agricultural equipment maker said. The world’s largest maker of tractors and harvesters said it owns 34 wind farms in seven U. S. states that are capable of generating 706 megawatts of

Pigeon King Declares Bankruptcy

in There are contracts Arlan Galbraith, the Pigeon King, has yielded to creditor pressure and has gone into personal bankruptcy. His lawyer filed a “consent decree” in Superior Court in London, avoiding a hearing where witnesses were prepared to testify about his failure to honour contracts to buy breeding-stock pigeons. The next steps are now

Alliance Purchases Parent Seed Farms

Alliance Grain Traders Inc. (AGTI) has announced the purchase of Parent Seed Farms, a longtime merchandiser and processor of dry edible beans in St. Joseph, Manitoba. Alliance is a large pulse-trading organization with 14 facilities in Canada, the U. S., Turkey and Australia, and owner of SaskCan Pulse Trading, based in Regina. Alliance also recently