Monsanto Posts Loss on Herbicide Sales
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Agrochemical company Monsanto Co. on Wednesday posted a quarterly net loss on a drop in U.S. sales of the herbicide Roundup.
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KANSAS CITY, Mo.  - Agricultural chemicals maker  Monsanto Co. MON.N posted a quarterly net loss on Wednesday  as a drop in Roundup herbicide sales in the United States more  than offset increased demand for its specialty seed technology.
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The golf apparel maker reports deepening losses and plunging sales.
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The biotechnology company said it lost $916,000 in the third quarter on higher operating costs, including a $50 million charge for a patent lawsuit settlement.
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Wyeth  on Monday reported a fourth-quarter loss despite strong sales growth of its prescription medicines, as it took another charge of &#36;4.5 billion for costs related to its recalled fen-phen diet drugs.
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Schering-Plough Corp. SGP.N on  Thursday reported a quarterly profit after a year-ago loss, as  positive foreign exchange trends helped offset poor sales of  its allergy and hepatitis drugs.
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Opponents of biotech  crops said on Wednesday they were filing a lawsuit to challenge  the USDA's deregulation of Monsanto Co's genetically engineered  sugar beet because of fears of "biological contamination" and  other harm to the environment.
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SAN DIEGO - Shares of Maxim Pharmaceuticals Inc. nearly halved in value Monday, following news that its Ceplene drug failed to improve survival in a trial of patients with malignant melanoma where the cancer had spread to the liver.
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Drugmaker Mylan Laboratories Inc.  posted a quarterly loss on Thursday on charges related to an acquisition, but reported adjusted profit that beat its previous forecast helped by sales of generic drugs for pain and bladder control.
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Agricultural chemicals maker Monsanto Co. (MON.N: Quote, Profile, Research) posted a quarterly net loss on Wednesday as a drop in Roundup herbicide sales in the
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KANSAS CITY, Mo.  - Monsanto Co. MON.N on  Wednesday posted a narrower quarterly net loss as the  agricultural chemicals and crop company took a reserve of $284  million for legal problems, but saw a jump in seed sales.
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Monsanto Co., the world&#39;s largest maker of genetically engineered crops, had a loss of $42 million in the seasonally weak fourth-quarter on restructuring expenses and lower sales of Roundup herbicides.
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Monsanto Co., Syngenta AG and Bayer AG failed to win wider access to the European Union&#39;s biotechnology market when a demand that five nations lift bans on some gene-modified foods allowed elsewhere in the EU was blocked.
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Merck and Co  reported a fourth-quarter loss on Wednesday on legal settlement costs and sales that disappointed investors, sending shares down 4 percent.
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Monsanto increased its earnings forecast for the year after reporting that its first-quarter earnings nearly tripled due to strong sales in Latin America.
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Monsanto Co. MON.N on Wednesday said  the U.S. Justice Department has closed an inquiry into  potential antitrust issues regarding a key ingredient used in  its Roundup herbicide.
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Stock index futures fell before the  start of Wall Street trading on Thursday with the focus on  quarterly earnings from agriculture company Monsanto ,  jobs data and the Iowa presidential election caucuses.