Washington | Reuters — Monsanto will pay US$80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said Tuesday. The U.S. Securities and Exchange Commission (SEC) also said three accounting and sales executives have agreed to settle charges in connection with the […] Read more
Tag Archives roundup — page 10
Monsanto to pay U.S. SEC settlement over Roundup earnings
EU food safety watchdog hits back in glyphosate safety row
Brussels | Reuters –– The head of Europe’s food safety watchdog has written to a group of nearly 100 senior scientists strongly rejecting their criticisms in a row about the safety of glyphosate. The European Food Safety Authority (EFSA), which advises European Union policymakers, issued an opinion in November that glyphosate is unlikely to cause […] Read more
Monsanto increases job cuts as corn, chemical sales slump
Reuters — Monsanto said a souring farm economy and currency woes will push its 2016 earnings to the lower end of expectations, while a cost-cutting drive will lead the world’s largest seed company to slash more jobs. Low commodity prices also should lead to more consolidation in the agricultural sector, CEO Hugh Grant said, about […] Read more
Monsanto-backed panel says glyphosate not carcinogenic
Reuters — A panel of scientists is disputing a World Health Organization report published earlier this year that concluded glyphosate, the world’s most widely used weed killer and main ingredient in Monsanto’s Roundup herbicide, is probably carcinogenic to humans. The 16-member panel, assembled by Intertek Scientific and Regulatory Consultancy, was to present its findings to […] Read more
Monsanto asks California not to list herbicide as cancer cause
Reuters — A plan by California environmental officials to list a commonly used herbicide as cancer-causing should be withdrawn, Monsanto told state regulators on Tuesday, saying California’s actions could be considered illegal because they are not considering valid scientific evidence. The formal comments were filed by Monsanto with the state’s Office of Environmental Health Hazard Assessment […] Read more
Suits stack up over alleged Roundup cancer link
Reuters — Personal injury law firms around the U.S. are lining up plaintiffs for what they say could be “mass tort” actions against agrichemical giant Monsanto that claim the company’s Roundup herbicide has caused cancer in farm workers and others exposed to the chemical. The latest lawsuit was filed Wednesday in Delaware Superior Court by three […] Read more
Monsanto slashing 2,600 jobs, buying back shares as sales fall
Reuters — Monsanto, one of the world’s largest seed and agrichemical companies, said Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. The company, which said it expected low prices for agricultural products to squeeze results well into 2016, also reported a much wider quarterly loss […] Read more
Monsanto no longer pursuing Syngenta
Reuters — U.S. agribusiness leader Monsanto on Wednesday abandoned pursuit of Swiss rival Syngenta, which had rejected a recently sweetened US$47 billion offer. Syngenta shares fell more than 18 per cent on the news, while Monsanto shares jumped more than seven per cent. The Swiss agrichemicals group said its board unanimously rejected the offer, which it […] Read more
Monsanto’s move on Syngenta could mean move away from glyphosate
Reuters — Monsanto, the world’s largest seed company, is also known for the popularity of its Roundup herbicide, beloved by farmers and homeowners alike for its speed and deadly assault on tough weeds. But Monsanto’s ongoing efforts to try to take over Swiss ag chem firm Syngenta, a rival whose product portfolio offers an array […] Read more
U.S. regulators may recommend testing food for glyphosate residues
Reuters — U.S. regulators may start testing food products for residues of the world’s most widely used herbicide, the Environmental Protection Agency told Reuters on Friday, as public concern rises over possible links to disease. Glyphosate, the active ingredient in Roundup herbicide, has come under intense scrutiny since a research unit of the World Health […] Read more
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