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AGRICULTURE
Archer Daniels beats Q4 targets
The food processing giant earned 30 cents a share, up 30% vs. a year ago. Wall Street expected 28 cents. Sales fell 3% to $9.42 bil, also better than views. Archer Daniels Midland's corn processing profit fell $33 mil on higher fuel costs and lower prices for its livestock feed additive lysine. Shares rose 3% to 22.94, its best since April 5.
IN BRIEF
MGM Mirage fell 1% after Merrill Lynch downgraded the world's No. 2 casino operator to sell, saying its valuation is too high. MGM rose 5% Thursday on strong Q2 ...