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BUSINESS BRIEFS/IN BRIEF.(TO THE POINT)

Investor's Business Daily

| August 01, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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