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WASHINGTON (AP) - Monsanto says its net income increased 22 percent in the second quarter on strong sales of its biotech seeds.

 

The agricultural products company boosted its full-year earnings guidance, citing its strong performance in the first two quarters.

 

The St. Louis company says it earned $1.48 billion, or $2.74 per share in the three months ended Feb. 13. That compares to earnings of $1.21 billion, or $2.24 per share, a year ago.

 

Revenue climbed 15 percent to $5.47 billion.

 

Analysts polled by FactSet expected Monsanto to report earnings of $2.56 per share on sales of $5.27 billion in revenue for the quarter.

 

Monsanto has dominated the bioengineered-seed business for more than a decade. In recent years the company has focused on growing business in emerging markets like Argentina, Brazil and other Latin American countries.

 
Wednesday, 03 April 2013 12:36
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EAST ST. LOUIS, Ill. (AP) - A southwestern Illinois businessman who prosecutors say was illegally using jobless benefits to pay tabs at a Hooters restaurant and a hotel in Costa Rica faces more federal charges.

 

A new indictment Tuesday added four counts against 58-year-old James Quirin of Sauget. Those alleged felonies include tax evasion and false filing.

 

Quirin's already facing eight counts related to his alleged theft of government money after investigators say he misused a debit card given to people collecting unemployment benefits. Authorities say Quirin charged his Hooters tab and hundreds of dollars in hotel expenses to the debit card in March 2010.

 

Quirin is accused of working for an excavating firm and fraudulently getting more than $44,000 in unemployment benefits.

 

A message was left Wednesday with his attorney, Ronald Jenkins.

 
Wednesday, 03 April 2013 11:56
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PHOENIX (AP) -- Matt Holliday, Pete Kozma and Jon Jay homered and the St. Louis Cardinals beat the Arizona Diamondbacks 6-1 on Tuesday night to even their season-opening series at a game apiece.

Jaime Garcia (1-0) gave up two hits, one of them a solo homer by Miguel Montero, in 5 2-3 innings for the Cardinals. Holliday's two-run home run off Trevor Cahill broke a 1-1 tie in the sixth.

Kozma added a leadoff homer and Jay a two-run shot off the right field foul pole, both off reliever Heath Bell in the seventh.

Kozma's homer came on Bell's first pitch with the Diamondbacks. Matt Carpenter doubled twice for St. Louis.

Cahill (0-1) allowed three runs and five hits in 5 2-3 innings.

The slimmed-down Arizona right-hander struck out seven, walked two and hit a batter.

After getting 15 hits in their 6-2 season-opening victory on Monday night, the Diamondbacks managed just three on Tuesday. Montero had two of them.

Garcia struck out four and walked four, including three in a row with two outs in the sixth, bringing an end to his outing. Three St. Louis relievers allowed one hit in 3 1-3 innings.

Garcia and Cahill were locked in a 1-1 game through five before Jay was hit by a pitch to start the sixth. Carpenter flew out to bring up Holliday, who hit Cahill's 2-2 pitch a couple of rows into the seats in left field and St. Louis led 3-1.

Arizona got its first home run of the season when Montero hit Garcia's first pitch in the second into the opposite field seats in left to put the Diamondbacks up 1-0.

St. Louis tied it in the fourth. Matt Carpenter led off with a double into the right field corner. He took third on Holliday's ground out to second and scored when Allen Craig bounced out to short.

The Diamondbacks got the potential go-ahead run to third in the fifth. The third baseman Carpenter threw wild to first, allowing batter Cliff Pennington to reach second. Pennington advanced to third when Cahill bounced out to the pitcher, but Gerardo Parra grounded out to second to end the threat.

After getting the first two outs of the sixth, Garcia walked three in a row to load the bases and was lifted for right-hander Edward Mujica. Jason Kubel, pinch hitting for A.J. Pollock, was caught looking on a 3-2 pitch to end the inning.

Bell, the former closer acquired in a trade with Miami in the offseason, allowed three runs and four hits and a walk in just one-third of an inning.

After Kozma's first-pitch homer, Shane Robinson walked, then Jay's soaring drive bounced high off the right field foul pole for a two-run home run to make it 6-1. Carpenter doubled and Bell struck out Holiday, then Craig singled and the reliever's rough Arizona debut was over.

Notes: A female fan on the porch in left-center field was hit in the face by Kozma's home run. Her male companion jumped out of the way. They stayed in their seats afterward and she didn't appear to be hurt. ... RHP Brandon McCarthy gets the start for Arizona in the series finale, his first appearance in a big league game since sustaining a horrific head injury from a line drive while pitching for Oakland last September. RHP Lance Lynn goes for the Cardinals. ... St. Louis plays three in San Francisco before playing its home opener next Monday against Cincinnati. ... Arizona OF Alfredo Marte went 0 for 3 with two strikeouts and a walk in his major league debut. ... Carpenter has three doubles in two games.

© 2013 THE ASSOCIATED PRESS. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED. Learn more about our PRIVACY POLICY and TERMS OF USE.
Wednesday, 03 April 2013 11:37
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MARION, Ill. (AP) - A man who resigned as a southern Illinois sheriff's deputy after being accused of drunken driving for the second time in five years has pleaded not guilty to his latest DUI count.

 

WSIL-TV reports that 48-year-old deputy Shaunn Curry entered the plea Tuesday in Williamson County Circuit Court. He's charged with driving under the influence.

 

Authorities say the Williamson County deputy was off duty in his own vehicle March 1 when he was stopped near Marion after several motorists called 911 to report a possible drunken driver.

 

Curry was found guilty in 2009 of DUI related to a December 2007 wreck he had while off duty. He was sentenced to two years of conditional discharge.

 

He resigned late last month.

Wednesday, 03 April 2013 10:59
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