Business & Technology

A modest proposal for Exxon Mobil

The oil companies should bail out the automakers

Cross-posted at the NDN blog —– As the U.S. auto companies frantically search for ways to stave off bankruptcy, an interesting bit of news surfaced yesterday: Exxon Mobil’s profit in the last quarter was the highest of any company ever in history: $14.83 billion. The company is on track to make $50 billion or so this year. To put this in perspective, GM is currently seeking about $10 billion from the government to enable it to merge with Chrysler, which GM says is vital to its survival. What used to be the world’s largest automaker is selling almost 1 million …

GM sugar beet: Trick or treat?

Sugar from GM sugar beets will soon be unlabeled and widespread

The scariest thing next Halloween might not be the monsters, zombies or witches trolling our streets — it might be the candy. Those colorful, tin-foil-wrapped Hershey’s kisses and dark chocolate pumpkins could contain sugar extracted and processed from the roots of genetically modified sugar beets. Sugar in Halloween candy comes from several sources, including sugar beets. But this year, farmers are planting Monsanto’s Roundup-Ready GM sugar beets for sale to food producers for the first time. This beet is genetically engineered to survive multiple, direct applications of the weed killer, Roundup, and its active ingredient, glyphosate. What’s particularly appalling about …

Exxon Mobil announces record quarterly profit, again

Exxon Mobil on Thursday announced that it raked in $14.83 billion in its third quarter, breaking its previous record for the highest quarterly profit ever for a U.S. company. John McCain, campaigning in Ohio, declared that “we’re not gonna let that happen” again if he’s president, neglecting to mention that his tax plan would afford Exxon $1.2 billion in savings.

Welcome to the new Grist. Tell us what you think, or if it's your first time learn about us. Grist is celebrating 15 years. ×