Monsanto, the agribusiness giant, faces an $80 million penalty to SEC on account of misstated earnings. The company had failed to incorporate the expenses related to a rebate program while entering the corresponding revenues. However, the SEC is not pressing further charges as the company, although neither admitted nor denied the allegations, has agreed to make the necessary settlements.
Property developer Ray O'Connor bought the Grand Island Mall in Nebraska for $1.8 million to turn it into a lifestyle center with the help of St. Louis-based redevelopment firm Staenberg Group Properties.
St. Louis-based agricultural data company Monsanto Co. finalized the acquisition of weather forecast and insurance firm The Climate Corp. in a deal that was valued at USD930 million.