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News Breaks | | | | February 18, 2013 | | 13:20 EDT |  | MON | Monsanto and Indiana farmer go before Supreme Court in seed case, NPR says
The Supreme Court is taking up a "classic David-and-Goliath case", says NPR. An Indiana farmer named Vernon Hugh Bowman was taken to court by Monsanto (MON) for patent infringement after trying to find a cheaper source of seed to be used in a late season soybean planting, but Bowman said he's done nothing wrong as his lawyers will use the concept of 'patent exhaustion" in the case to be heard by the Supreme Court this week, NPR reports. Reference Link | |
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News For MON From The Last 14 Days Check below for free stories on MON the last two weeks. |
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| May 22, 2013 | | 14:56 EDT | | MON | Insecticide sales robust as genetic modifications lose benefit, WSJ says
Insecticide sales are ramping up strongly as American farmers plant more corn and a genetic modification designed to protect the crop from pests has begun to lose its effectiveness against pests, says the Wall Street Journal. Reference Link | | | May 20, 2013 | | 08:04 EDT |  | MON | BofA/Merrill's U.S. chemicals analyst holds an analyst/industry conference call
 Subscribe for More Information | | | May 14, 2013 | | 17:48 EDT |  | MON | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). | | | May 13, 2013 | | 16:25 EDT |  | MON | On The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77. | | | 12:20 EDT | | MON | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:28 EDT | | MON | Supreme Court upholds Monsanto win over seed patents
Subscribe for More Information | | | 10:06 EDT | | MON | Supreme Court upholds patent win for Monsanto, Bloomberg reports
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