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Showing posts from January 28, 2013

Monsanto Profits Hit A New High - While Mexican & South American Farmers Protest Against The Invasion of GMOs

By Theodora Filis Biotech giant Monsanto reported strong results for its first fiscal quarter this year with profits of $339 million; this is up from $126 million last year. The company attributes the strong results to the "continued expansion" of its corn business in Latin American countries, its "early momentum" in US seed and trait sales, and the performance of the company's agricultural productivity division. This news led the company's stock to rise. Media reports said earlier this week Monsanto's shares were "surging" during pre-market trading after the company reported its healthy earnings and revenues. Reportedly, the company's increase "exceeded" previous estimates figured by analysts, reported Business Insider. On Wednesday, January 23rd, Leaders of the National Union of Autonomous Regional Peasant Organizations (UNORCA) from more than 20 states began a sit-in and collective hunger strike against the pla