On the Street - Chavez Moves to Nationalize Cargill's Venezuelan Ops
March 5/CNN.com -- Venezuelan president Hugo Chavez ordered the nationalization of at least some of the operations of the U.S.-based food giant Cargill and threatened to do the same with the Caracas-based food maker Polar.
"Begin the expropriation process with Cargill," he said in a nationally televised speech in which he accused the company of growing specialized forms of rice in an attempt to evade price controls.