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FOOD
Ethanol, syrup fuel ADM profit
Archer Daniels Midland, the No. 1 U.S. food processor, earned 37 cents ex-items, 105% over last year and 10 cents above views. Revenue at the agribusiness giant rose 18% as corn processing and wheat processing results improved due to higher volumes and selling prices of ethanol and corn sweetener and a bigger North American wheat crop. Shares were flat.
Wendy's Q4 profit grows 27%
The No. 3 U.S. fast food chain made 56 cents a share, 12 cents over the year-ago quarter and 2 cents over views, thanks to customers lured away from other chains by new, Atkins-friendly products like Homestyle Chicken Strips. Same-store sales rose 7.6% at Wendy's restaurants; Wendy's Mexican franchise Baja ...