Word: monsanto
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Dates: during 1980-1989
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...four U.S. companies that make BST -- Monsanto, Eli Lilly, Upjohn and American Cyanamid -- are having trouble understanding why it is so controversial. They point out that BST is a natural hormone produced by a cow's pituitary gland and present in all milk. In fact, they assert, milk from BST-treated cows has no more BST than regular milk. The companies contend that BST injections would merely enable dairy farmers to produce the same amount of milk with fewer cows. "BST is about efficiency," asserts Monsanto spokesman Laurence O'Neill. Says Stephen White, BST project manager for American Cyanamid...
Executives at the Monsanto chemical company must have watched the stock-market opening last week with unusual trepidation. For good reason: after the market closed the previous Friday, a federal court jury in St. Paul awarded $8.75 million to a woman hurt by a Copper-7 intrauterine contraceptive device manufactured by G.D. Searle, a Monsanto subsidiary. The penalty raised a question: Could Monsanto go the way of A.H. Robins, which was forced into bankruptcy proceedings because of lawsuits generated by its Dalkon Shield...
Probably not, but many Monsanto shareholders wanted to sell while they had a chance. In two days of hectic trading, the company's shares tumbled $11.13, bottoming at $74.63 before recovering a bit to close the week...
...ended with awards of just $550,000; in the third case no award has yet been made. Hundreds of complaints, though, were settled out of court for undisclosed sums. Some 1,300 separate lawsuits have been filed against Searle since 1974, and more are no doubt on the way. Monsanto is confident that any hefty judgment will be reversed on appeal...
...will provide machinery and software for managing petroleum production at refineries. Minnesota's Honeywell will equip Soviet fertilizer plants with high-tech manufacturing equipment. Occidental Petroleum will build two factories to supply plastics for food packaging, vinyl floors and other uses. Chevron is * discussing an oil-exploration venture, while Monsanto is negotiating joint production of a weed-killing herbicide...