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UPDATE 2-Amid sour ag economy, Deere to buy Monsanto equipment maker unit

2015-11-04 12:26:23| Industrial Machines - Topix.net

Monsanto Co's Climate Corp will sell its Precision Planting farm equipment business to Deere & Co for an undisclosed sum, a move that underscores how turmoil in the agriculture sector has made it ripe for consolidation. For Climate, a unit of the world's largest seed company, the deal marks the latest push to shed businesses that are not focused on either software or services, Climate President Mike Stern said.

Tags: buy equipment update unit

 

Monsanto to shutter three R&D centres in 2016, cut 90 jobs

2015-10-27 08:38:22| Chemicals - Topix.net

Agrichemical company Monsanto Co plans to shutter three research and development centres in 2016 with a loss of about 90 jobs. A sign showing the plant breeding process is seen in the molecular breeding lab in the Monsanto research facility in Chesterfield, Missouri, July 28, 2014.

Tags: jobs cut centres shutter

 
 

Monsanto clears USDA regulatory hurdle for new GMO corn

2015-10-24 15:55:08| Chemicals - Topix.net

The U.S. Department of Agriculture on Friday signed off on a new genetically modified type of corn developed by Monsanto Co after a review concluded it posed no significant threat to agricultural crops, other plants or the environment. The USDA's Animal and Plant Health Inspection Service announced it would deregulate Monsanto's MON 87411 maize, which was developed to protect plants against corn rootworms that can damage roots and drag down grain yields and be tolerant to the herbicide glyphosate.

Tags: regulatory corn usda clears

 

Syngenta CEO leaves in wake of Monsanto deal rejection

2015-10-21 14:24:25| Chemicals - Topix.net

Syngenta Chief Executive Mike Mack is stepping down as head of the Swiss agrochemicals group just two months after the company spurned a US$47 billion takeover approach from U.S. rival Monsanto . Agrochemicals maker Syngenta's CEO Mike Mack attends the annual news conference in Basel, February 9, 2011.

Tags: deal leaves ceo wake

 

Monsanto Harvests Jobs To Cut Costs

2015-10-19 10:04:38| Chemicals - Topix.net

Monsanto has expectations for earnings per share to double by 2019, and while the global economic environment remains uncertain, we like the chances it will achieve such a goal. Monsanto recently developed a restructuring plan in which it will cut 2,600 jobs to reduce costs over the next 18-24 months.

Tags: jobs costs cut monsanto

 

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