ADM earnings slip amid pre-tax charges, tight crop supplies
date:Aug 07, 2013
bout $39 million, or 4c per share, in pre-tax LIFO charges, $51 million, or 5c per share, in foreign-currency hedging losses related to the acquisition of GrainCorp, and $29 million, or 3c per share, of additional provisions related to a previously disclosed FCPA (Foreign Corrupt Practices Act) matter.

ADM has discussed the FCPA matter, which dates to 2008 and earlier, with the U.S. Department of Justice and the U.S. Securities and Exchange Commission. ADM now believes it is appropriate to incr
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