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An expanded global footprint propels Monsanto past Wall Street's hopes for the second quarter

ST. LOUIS - Monsanto's second-quarter earnings jumped 13 per cent on strength from its core seeds and traits business. The agriculture products company topped Wall Street expectations for both profit and revenue, sending shares higher before the opening bell Wednesday. Monsanto earned $1.67 billion, or $3.15 per share, 7 cents better than what analysts polled by FactSet had projected. A year ago, the company earned $1.48 billion, or $2.73 per share. The performance was particularly strong, given the slow start to a quarter in which winter storms delayed shipments.

Mexican tycoon Slim's America Movil challenges telecom ruling

MEXICO CITY (Reuters) - Carlos Slim's phone and Internet giant, America Movil, has challenged a ruling by Mexico's new telecommunications regulator that says the company dominates its market. America Movil said Tuesday in statement filed with the Mexican stock exchange that it has filed an injunction against the regulator's ruling.

Macy's chief merchant named president in possible succession move

By Phil Wahba NEW YORK (Reuters) - Macy's Inc <M.N> said on Monday it promoted its chief merchandising officer, Jeffrey Gennette, to president of the company, in a move that positions him to potentially become the retailer's next chief executive. In addition to continuing to serve as Macy's Inc's chief merchant, Gennette will manage Macy's in-house brands, such as INC, which generate 20 percent of company revenue. Gennette also oversees the department store chain's marketing and e-commerce.

Brazil economy to feel scant benefit from Cup: Moody's

Although some sectors in Brazil will gain a boost from the World Cup, the tournament will not have a major economic effect, Moody's rating agency forecast Monday. Standard and Poor's last week cut Brazil's rating to one notch above junk status over sagging growth and inflationary pressures, although Brasilia insisted the South American giant's economy would repond "robustly." Moody's forecast sectors such as retail, food and beverages, accommodation and advertising sectors stood to gain from the June 12-July 13 sporting extravaganza.

Coast Guard says crews spot no more oil on Lake Michigan shore near Indiana BP refinery spill

WHITING, Ind. - The Coast Guard says crews didn't find any more oil during the latest search of the Lake Michigan shore following last week's spill at BP's northwestern Indiana refinery. Officials say a Coast Guard, BP and U.S. Environmental Protection Agency assessment team checking the area near the Whiting refinery on Sunday spotted no visible oil on the shore or in the water. Cleanup workers spent last week removing oil from about a half-mile section of shoreline.

Moody's puts Russia on review for downgrade

Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy. The ratings agency's Investor Service said that if the review confirms that Russia's economic strength is being eroded by the situation, it could lead to a one-notch cut in the country's Baa1 rating. The current crisis "could significantly dampen investor sentiment for several years to come by adding to existing deterrents to investment posed by Russia's weak rule of law and high levels of corruption," Moody's said.

Moody's puts Russia on review for downgrade

Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy. The ratings agency's Investor Service said that if the review confirms that Russia's economic strength is being eroded by the situation, it could lead to a one-notch cut in the country's Baa1 rating. The current crisis "could significantly dampen investor sentiment for several years to come by adding to existing deterrents to investment posed by Russia's weak rule of law and high levels of corruption," Moody's said.

Moody's weighing downgrade of Russia's bond rating; cites weaker economy, Ukraine conflict

Moody's Investors Services is considering whether to downgrade Russia's government bond rating, citing a weaker economy and greater risk amid the uncertainty caused by the conflict with Ukraine. The ratings agency said Friday it placed Russia's "Baa1" government bond rating under review for a downgrade. During the process, Moody's will try to gain a better sense of how the Russian-Ukraine conflict is likely to exacerbate Russia's growth challenges, public finances and other factors.

S&P downgrades Target to 'A' from 'A+' in the wake of weak 4th-quarter results

NEW YORK, N.Y. - Standard The rating agency said Friday that it lowered its ratings one notch down to "A'' from "A+." The rating is still four grades above speculative or junk status. S "The downgrade reflects our expectations for limited recovery of credit metrics given continued operating losses at the Canadian division as well as potential costs related to the data breach," said S

Moody's puts Russia on review for downgrade

Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy. Moody's said it "expects that the increased economic uncertainty triggered by the conflict with Ukraine will contribute to an economic GDP contraction of around 1.0 percent in 2014, against pre-crisis expectations of growth of around 2 percent." pmh/vlk
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