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Illinois lawmakers have adjourned without approving bills proposing tax incentives for Archer Daniels Midland Company, chemical distributor Univar and newly-merged OfficeMax and Office Depot.
THE federal opposition has stepped up its attack on the government's rejection of a foreign takeover of grain handling company GrainCorp, saying the national interest test was not applied properly.
The Illinois Senate on Tuesday passed a bill that would offer incentives for Archer Daniels Midland Co to keep its global headquarters in Illinois.
The massive combination of two U.S. agricultural milling operations announced back in March will be delayed until sometime in the first quarter of 2014 after ConAgra said regulators and the Justice Department are giving the deal closer scrutiny.
The legislation - aimed at keeping companies in Illinois and creating jobs - recycles ideas considered this year after agribusiness giant ADM announced plans to move its Decatur headquarters.
Lawmakers are considering $92 million worth of tax incentives for Archer Daniels Midland Company, chemical distributor Univar and newly-merged OfficeMax and Office Depot that proposes a satellite television tax.
Silos hold grain for export at GrainCorp Ltd. in Portland, Australia. Lawmakers from the National party -- Abbott's coalition partner -- lobbied against the sale of GrainCorp to Decatur, Illinois-based Archer Daniels Midland Co.
Archer Daniels Midland has hired a Minnesota-based real estate firm to help it dispose of unwanted buildings around the country.
GrainCorp CEO Alison Watkins has decided to leave GrainCorp after Archer Daniels Midland 's bid to buy the Australian grain merchant was blocked - and she has accepted a job at the parent of canned foods group SPC Ardmona.
Top Stories Japan continues to make progress in deflation fight. Japan's "core core" CPI, which excludes energy and fresh food, rose 0.3% on year in October, the first gain for five years and the biggest increase since 1998.
Business leaders claim Treasurer Joe Hockey has put billions of dollars of investment in agriculture at risk by blocking the overseas takeover of GrainCorp in a move that has angered many in the Liberal Party.
GRAINCORP will have a tough time building the railways and ports needed to be a major regional player now that the federal government has rejected its takeover by US giant Archer Daniels Midland.