May 13, 2013 |
The Supreme Court sided with Monsanto Co. on Monday, ruling against a farmer who used beans grown from the company's patented, genetically modified soybean seeds to plant subsequent crops. It was apparently the first time the court had upheld patent protections on a self-replicating product -- in this case, a soybean that could survive being doused with Monsanto's Roundup herbicide. And it drew a flurry of warnings online about the implications for non-GMO foods and the food supply in general.
CALIFORNIA | LOCAL
June 18, 2012 |
William S. Knowles, a retired Monsanto Co. organic chemist who shared a Nobel Prize in 2001 for helping to solve a vexing problem in the manufacture of medicines, died Wednesday of complications of ALS at his home in the St. Louis suburb of Chesterfield, Mo. He was 95. Knowles shared the 2001 Nobel Prize in chemistry with two other scientists, K. Barry Sharpless of the Scripps Research Institute in La Jolla and Ryoji Noyori of Nagoya University...
August 29, 2007 |
Federal regulators have turned down a request from Monsanto Co. to take action against dairy companies that advertise milk as free of synthetic hormones. The Federal Trade Commission said last week that the ads it reviewed did not make any misleading claims about the safety of recombinant bovine somatotropin, or rBST, a hormone that boosts milk production in cows.
April 5, 2007 |
Monsanto Co., the world's largest seed company, said a booming market for corn-based ethanol had fueled its corn seed sales and boosted profit 23% in its fiscal second quarter. Net income in the quarter ended Feb. 28 grew to $543 million, or 98 cents a share, from $440 million, or 80 cents, in the year-earlier period. Sales climbed 19% to $2.62 billion from $2.2 billion a year earlier on stronger sales of seeds in the U.S. and herbicide sales in Brazil, Europe, Africa and Argentina.
December 12, 2006 |
Chemical maker DuPont Co. is cutting 1,500 jobs as it restructures its agriculture and nutrition division, putting the $100 million it expects to save into its seed business, where it is in an increasingly tough battle with rival Monsanto Co. Monsanto has improved its dealer network, taking market share from DuPont's Pioneer Hi-Bred seed division in the important corn seed market. It is expected to continue to do so.
October 12, 2006 |
Monsanto Co.'s loss widened in its fiscal fourth quarter as higher sales of herbicides failed to offset lower sales of seeds and related products. The company also forecast profit for 2007 that was below what Wall Street had expected. Its shares fell 5.3%. The St. Louis-based herbicide and biotech seed producer said its loss totaled $144 million, or 27 cents a share, in the three months ended Aug. 31 compared with a loss of $125 million, or 23 cents, a year earlier. Revenue climbed 9% to $1.