MON – Monsanto Company Invests in Developing New Technologies for Wheat With Acquisition of WestBred Business
Monsanto Co., MON
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Monsanto Company announced today it is expanding its strong seeds and traits portfolio to include wheat. The company has acquired the assets of WestBred, LLC, a Montana-based company that specializes in wheat germplasm, the crop’s seed genetic material. The investment will bolster the future growth of Monsanto’s seeds and traits platform and allow farmers to benefit from the company’s experience in drought-, disease- and pest-tolerance innovations. “The U.S. wheat industry has come together to call for new technology investment, and we believe we have game-changing technologies – like our drought-tolerance and improved-yield traits – that can meaningfully address major challenges wheat growers face every season,” said Carl Casale, executive vice president of global strategy and operations for Monsanto. “Through WestBred, we’ll be able to deliver advances in breeding and biotechnology to deliver a step-change in yield while creating a springboard for new partnerships and collaboration opportunities that create additional value for farmers.”
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American Express Company Credit Card Craziness.
American Express Company
23.09 Down 0.15 (0.65%) 2:24pm ET
Last I checked, the economy’s still in recession, unemployment is rising, and consumers are having trouble paying their bills. But you wouldn’t know this from looking at what’s going on in the credit card world lately.
ABOUT
American Express Company, a payments and travel company, provides charge and credit payment card products, and travel-related services worldwide. It operates in two groups, the Global Consumer Group and the Global Business-to-Business Group. The Global Consumer Group offers a range of products and services, including charge and credit card products, consumer travel services, and stored value products, such as Travelers Cheques and prepaid products.
Last Trade: 23.10
Day’s Range: 23.06 – 23.55
52wk Range: 9.71 – 42.50
Volume: 9,170,436
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5 Cold Stocks Heating Up.
Cell Therapeutics, Inc.,CTIC
1.69 Down 0.03 (1.74%) 2:13pm ET
When a stock’s share price is lower than a North Dakota thermometer in February, investors tend to give it the cold shoulder. But as the market warms to a stock’s prospects, that stock’s price can heat up in a hurry. Alas, you can rarely tell that a stock is melting investors’ hearts until after it’s made that upward leap.
ABOUT
Cell Therapeutics, Inc., a biopharmaceutical company, develops, acquires, and commercializes oncology products for cancer treatment. Its development portfolio includes Pixantrone, a phase III trial product, for non-Hodgkin’s lymphoma; Brostallicin, which is in first-line Phase II study for the treatment of sarcoma; and OPAXIO, a chemotherapeutic agent for the potential treatment of non-small cell lung, ovarian, and other cancers.
Last Trade: 1.69
Day’s Range: 1.68 – 1.72
52wk Range: 0.05 – 4.90
Volume: 5,760,665
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