Monsanto's BT Cotton Seed Sales Soar
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U.S. seed giant Monsanto Co. said Tuesday it has sold 1.3 million packets of genetically modified cotton seeds in India this year, recording an almost five-fold increase over 2003 sales.
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ST. LOUIS -- The Justice Department on Thursday approved Monsanto's $1.5 billion acquisition of cotton company Delta and Pine Land but required the companies to sell assets related to cottonseed production.
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Inventories at wholesalers rose more than forecast in November and sales increased, reflecting rising prices for oil and farm products.
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With a strong worldwide presence and a robust agricultural group, DuPont hits a lick.
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Corn futures rose to 10-year highs on the Chicago Board of Trade as a bull market attracted speculative buyers.
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BOSTON  Â Biogen Idec said on Wednesday its fourth-quarter profit rose 84 percent, topping expectations, driven by increased sales of its multiple sclerosis drugs Avonex and Tysabri.
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The mega tech distributor gained lots of traction in the latest quarter.
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Ideal fall weather in the Midwest  boosted the U.S. corn crop to a record 11.613 billion bushels  and soybeans to a record 3.11 billion bushels while cotton will  hit a record 21.545 million bales despite hurricane damage in  the Southeast, the government forecast on Tuesday.
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Shares in pharmaceutical company Elan soared in early trading this morning after a newspaper report that US company Biogen was considering a bid for the company.
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U.S. producer prices shot up 1.7  percent last month, the biggest gain in nearly 15 years and  well above expectations, as energy costs skyrocketed and food  prices surged, a government report showed on Tuesday.
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Shares of Pharmasset ride high after releasing positive clinical trial data.
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Farmers around the globe planting genetically engineered crops enjoyed another bumper harvest last year even as political and financial pressure mounted from skeptical consumers in Europe and pockets of the United States, an industry-supported group said Wednesday.
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KANSAS CITY, Missouri  - The U.S. Justice Department on Thursday said Monsanto Co.'s  $1.5 billion acquisition of top cotton seed producer Delta and Pine Land Co.  would be allowed, but the companies would have to sell a range of key assets.
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A rising player in the organic foods industry.
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Units of giant private equity firm Blackstone Group LP  surged more than 20 percent in their market debut Friday, a day after pricing at the top of the initial public offering's forecast range.
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Heavy equipment maker Caterpillar Inc. on Tuesday raised its full-year sales expectations, as stronger demand in North and South America fueled a sharp increase in global machine and engine sales.
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A large climb in September U.S.  retail sales and bigger-than-expected gains in underlying  producer prices boosted hopes for stronger growth and bets that  the Federal Reserve will continue to raise interest rates.