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As ethanol boom fades, ADM sees bright future for corn in grocery aisle

CHICAGO, May 22- The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled. "Coming up with new products is really what keeps us up at night," said Chris Cuddy, president of corn processing.
Source: Reuters | By: Karl Plume
Early movers: LOW, JNJ, YHOO, HRL, NOC & more

These are the stocks posting the largest moves before the bell.
Source: CNBC.com | By: Peter Schacknow
Plunge in oil prices forces re-evaluation of projects, costs

*ConocoPhillips CEO says more mega-mergers unlikely. Still, there is unlikely to be a wave of mega mergers like Royal Dutch Shell's buyout of BG Group for $70 billion, which Shell itself has said left it cash-strapped and only able to pursue much smaller deals. "There is less need for mega mergers because of unconventional resources which require a small amount of...
Source: Reuters | By: Florence Tan and Jessica Jaganathan
COLUMN-Shell-BG deal may be end point rather than harbinger: Russell

--Clyde Russell is a Reuters columnist. The $70 billion buyout of BG Plc by larger rival Royal Dutch Shell is generally viewed by investors and analysts as the first big deal in a likely series of major mergers and acquisitions in the resource sector. Ryan Lance, the chief executive of ConocoPhillips, was adamant that he didn't expect a "big M&A wave any time soon."
Source: Reuters
Cramer: Why so many deals are happening  

CEOs in the U.S. recognize the overcapacity problem in almost every industry, says Mad Money host Jim Cramer.
Source: CNBC.com
INTERVIEW-Shell considers small North America energy deals even after BG

NEW YORK, May 13- Royal Dutch Shell Plc will consider small additions to its North America oil and gas business, despite ruling out large acquisitions after its deal to buy BG Group Plc, Marvin Odum, director of Shell's Americas exploration and production business, said in an interview Wednesday. Still, the London- based major will consider smaller deals in North...
Source: Reuters
UPDATE 2-Statoil shakes up management with new CFO, U.S. chief

OSLO, May 12- Norwegian oil firm Statoil replaced several top executives including its chief financial officer on Tuesday, continuing a shake-up since its chief executive was poached by rival BG Group last October. Statoil appointed Hans Jacob Hegge as chief financial officer, moving Torgrim Reitan to head the firm's U.S. business, where the contract of the...
Source: Reuters
UPDATE 1-Norway's Statoil shakes up top management, replaces CFO

OSLO, May 12- Norwegian oil firm Statoil replaced its chief financial officer on Tuesday and appointed several new top managers, continuing a shake-up since its chief executive was poached by rival BG Group last October. Statoil has lost four board members, including its chairman, over the past several months, and some top managers, including from its mergers and...
Source: Reuters
UPDATE 2-BG says still happy with Shell bid as oil price rise boosts LNG

LONDON, May 8- BG Group said on Friday it was still happy with Shell's $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the profit outlook for its liquefied natural gas business. The recent oil price rise has improved BG's outlook for LNG prices and led the company to raise its LNG earnings forecast for 2015 to $1.3 -1.5...
Source: Reuters | By: Karolin Schaps
UPDATE 3-Shale writedown pushes Statoil into red, dividend maintained

OSLO, April 30- Oil major Statoil swung to a surprise first-quarter net loss on a writedown in the value of its U.S. shale business, but its operating figures beat forecasts and the firm pleased investors by maintaining its dividend. State-controlled Statoil, which operates in dozens of countries from Canada to Africa, said it had cut its price outlook for its U.S....
Source: Reuters | By: Balazs Koranyi and Joachim Dagenborg