Replies to post #10914 on The Rising Influence of Rising Affluence

[jbog]

More Monsanto accounting. They declared they made the decision yesterday yet wrote off the major amount last quarter?

They are claiming $493 mil was written off 4th qtr but I only see a restructing charge of $393 mil. expensed. They must have $100 mil in liabilities somewhere.

[DewDiligence]

MON closes three small sites as part of previously disclosed cost-cutting program:

http://finance.yahoo.com/news/monsanto-shutter-three-r-d-220300808.html

Monsanto Co plans to shutter three research and development centers in 2016 with a loss of about 90 jobs, it said on Monday, as it restructures operations to cut costs in a slumping agricultural commodity market.

The centers are in Middleton, Wisconsin, and Mystic, Connecticut, both of which focus on seed trait development research, and Research Triangle Park, North Carolina, which focuses on research on plant screening and phenotyping.

The three research centers currently employ 155 people. A Monsanto spokesman said the company plans to move about 65 of those jobs to its Chesterfield Research Village in the St. Louis, Missouri, area.