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  • Stocks that are Popular among Investors || Monsanto Company | BP plc | Premier explorations |

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    Sunday Aug 15th, 2010 at 04:03 am EST

    Popular Stocks among Investors - MON, BP, PRXI

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    MON - Monsanto Company (NYSE:MON)
    A Bad News for Monsanto when a federal judge revoked the government's approval of genetically altered sugar beets until regulators complete a more thorough review of how the scientifically engineered crops affect other food. The ruling by U.S. District Judge Jeffrey S. White Friday means sugar beet growers won't be able to use the modified seeds after harvesting the biotechnology beets already planted on more than 1 million acres spanning 10 states from Michigan to Oregon. All the seed comes from Oregon's Willamette Valley. Additional planting won't be allowed until the U.S. Department of Agriculture submits an environmental impact statement. That sort of extensive examination can take two or three years.

    BP- BP plc (ADR) (NYSE:BP)
    BP Plc (NYSE:BP) has to provide additional analysis and plans that will ensure that no further oil will be released when the company drills a relief well to pumps mud and cement in Macondo well to permanently kill it. Earlier BP determined that there is 1,000 barrels of oil trapped in its Gulf of Mexico Macondo well after cement was poured from the top. BP has to provide a plan to perform the bottom-kill without uncontrolled release of oil till August 17. Once the plan is approved, BP will be allowed to move forward with the plan.

    PRXI- Premier Exhibitions Inc. (NASDAQ:PRXI)
    Premier Exhibitions, Inc. (PRXI) announced that the US District Court for the Eastern District of Virginia, Norfolk Division, has granted a salvage award to RMS Titanic Inc., a wholly owned subsidiary of the Company. The salvage award is based upon the Company's work in recovering and conserving over three thousand artifacts from the wreck of Titanic during its expeditions conducted in the last 17 years. The Company has been awarded 100% of the fair market value of the artifacts, which the Court set at approximately one hundred ten million dollars. There can be more gains in the shares on Monday.

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