U.S. President Barack Obama met five top CEOs Thursday for the latest in a series of White House lunches with business leaders. The CEOs included Patricia Woertz, the chairman, president and CEO of Archer Daniels Midland; Alan Mulally, president & CEO of Ford Motor Co. and Brian Roberts, chairman and CEO of Comcast Corp.
Archer Daniels Midland
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Archer Daniels invests $100M in China bank
U.S. agricultural processor Archer Daniels Midland Co on Thursday said it will invest $100 million in a Chinese bank and open an office in Beijing as part of its goal to boost sales in China.
“China’s agricultural market is growing in both supply and demand and represents significant growth opportunities for ADM,” ADM Chief Executive Patricia Woertz said in a statement. Get the full story »
ADM ‘disappointed’ in ethanol blend ruling delay
U.S. ethanol producer Archer Daniels Midland Co. said Friday it was disappointed that the Environmental Protection Agency has delayed for a second time a ruling on higher blends of ethanol in the U.S. fuel supply.
The EPA said Thursday that testing to raise the blend rate of gasoline to 15 percent ethanol, or E15, in newer vehicles would not be completed until the end of September. Get the full story »
