Tag: Million

Bayer settles modified rice suit for $750 million

Bayer AG has reached a deal to pay $750 million to settle a rice contamination lawsuit, according to the Wall Street Journal.

The rice was originally developed by Aventis Aventis Latest from The Business Journals Ohio a hotbed of biotech job growthSlideshow: Metro Atlanta Chamber honors entrepreneursK-9 Coach Cobb’s small biz of the year Follow this company , which Bayer has since bought parts of, including the crop science unit that produced the rice strains.

The group of farmers were in Arkansas, Louisiana, Mississippi, Missouri and Texas, and includes 11,000 people who will share in the settlement, according to the report.

Bayer has a facility in Newark, Ohio, that had 140 employees as of 2008. T

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USAID Assistance Tops $105 Million for Nigeriens in Need

The U.S. Agency for International Development (USAID) is expanding support for food-insecure people and acutely malnourished children in Niger. USAID has committed more than $105 million in humanitarian assistance to date in Fiscal Year (FY) 2010.

In response to alerts from early warning systems and field assessments as early as October 2009, USAID began to procure U.S. food aid in November 2009. When later assessments indicated increased needs, USAID increased funding for emergency programs supporting food security, nutrition, agriculture, and economic recovery and market systems and drew on the resources of the newly authorized Emergency Food Security Program to provide grants to the U.N.

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