Top News & Analysis Chicago

More

  • April 26- Edwards Lifesciences Corp on Tuesday raised its full-year sales and profit outlook following strong first-quarter results and said approval for expanded use of its minimally invasive heart valve implant could come sooner than previously expected. Chief Executive Michael Mussallem, on a conference call, said the strong study data could prompt...

  • The company said its gross merchandise volume, or the total value of all goods sold on its sites, rose 1 percent to $20.45 billion in the first quarter ended March 31. Stubhub posted revenue of $177 million, up 34 percent from the same period last year, while classifieds grew 15 percent year-over-year with sales of $186 million. EBay forecast current-quarter...

  • NEW YORK, April 26- U.S. Steel Corp has launched a campaign to prevent imports from China's largest steel producers, it said on Tuesday, the boldest step yet by a U.S. company as a trade brawl with the world's largest steel producer escalates. The petition, known as Section 337 and used to protect against intellectual property theft, listed some of China's top...

  • CHICAGO _ John Bean Technologies Corp. on Tuesday reported first-quarter earnings of $5.2 million. On a per-share basis, the Chicago- based company said it had net income of 17 cents. Keywords: John Bean, Earnings Report.

  • NEW YORK, April 26- Crude oil prices hit 2016 highs on Tuesday on the back of a rally in the gasoline market and after an industry group reported a surprise draw in U.S. crude stockpiles. In post-settlement trade, both benchmarks rose more than 4 percent after the American Petroleum Institute reported a drawdown of nearly 1.1 million barrels in U.S. crude...

  • CHICAGO _ TransUnion on Tuesday reported first-quarter net income of $12.6 million, after reporting a loss in the same period a year earlier. For the current quarter ending in July, TransUnion expects its per-share earnings to range from 31 cents to 33 cents. TransUnion expects full-year earnings in the range of $1.30 to $1.34 per share, with revenue ranging...

  • Edwards said it now expects full-year earnings, excluding items, of $2.67 to $2.77 a share, which is 10 cents above the outlook it gave in February. It raised its outlook for full-year net sales to a range of $2.7 billion to $3 billion from its previous forecast of $2.6 billion to $2.85 billion. Net income rose to $143 million, or 66 cents a share, from $123.4 million, or...

  • CHICAGO _ Equity Residential on Tuesday reported a key measure of profitability in its first quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 76 cents per share. For the current quarter ending in July, Equity Residential expects its per-share funds from operations to range from 74 cents to...

  • Edwards said it earned 71 cents a share, excluding one-time items, in the first quarter. Analysts on average had expected a profit of 66 cents a share, according to Thomson Reuters I/B/E/S. The Irvine, California- based company said it now expects full-year earnings, excluding items, in a range of $2.67 to $2.77 a share, which is 10 cents above the outlook it gave in...

  • *Citi says Saudi Arabia, Iran may ramp up output, tempering rally. U.S. gasoline futures rallied more than 3 percent to their highest since August on Tuesday, boosting refinery margins, after a series of Gulf Coast refinery unit outages, buying from Venezuela and a reported drop in New York inventories. "I think the market has become more optimistic on oil products,"...

  • *Citi says Saudi Arabia, Iran may ramp up output. NEW YORK, April 26- Oil markets rose about 3 percent on Tuesday as a tumbling dollar boosted commodities denominated in the greenback after bets the Federal Reserve will hold U.S. interest rates where they are. "I think the market has become more optimistic on oil products," said Scott Shelton, broker and commodities...

  • *Citi says Saudis, Iran may ramp up output. Still, analysts warned of possible price wars and excessive supply as Saudi Arabia and Iran tussle for market share. Brent crude futures' front-month contract was up 90 cents, or 2 percent, at $45.38 a barrel by 10:59 a.m. EDT.

  • CHICAGO— Grain futures were mostly lower Tuesday in early trading on the Chicago Board of Trade. Wheat for May delivery was 2.40 cents lower at $4.6760 a bushel; May corn was 3.20 cents lower at $3.7520 bushel; May oats was 1.40 cents lower at $1.95 a bushel; while May soybeans gained 5 cents to $9.9660 a bushel. April live cattle was 1 cent higher at $1.2643 a pound;...

  • NEW YORK— Tribune Publishing said in a letter Tuesday that USA Today owner Gannett is "erratic" and "unreliable," as the two newspaper companies try to discuss a possible tie-up. Nonetheless, Tribune Publishing said it is still considering the $388 million takeover offer from Gannett. Tribune Publishing's letter comes a day after Gannett made public its bid to buy...

  • The vast majority of millennials have no idea what they have versus what they owe, according to a new survey from Harris Poll conducted for online money manager Personal Capital. John Piazza admits he is one of them, although the Chicago- based banking executive says he has a "decent idea" of his net worth. While it may be a hassle, not knowing where you stand now makes it...

  • CHICAGO _ Navigant Consulting Inc. on Tuesday reported first-quarter earnings of $12.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Three analysts surveyed by Zacks expected $224.1 million.

  • SINGAPORE, April 26- Chicago corn futures rose for a second session on Tuesday with prices underpinned by forecasts of rains which could delay the rapid pace of planting in the U.S. Chicago Board Of Trade most-active corn contract rose 0.4 percent to $3.83-1/ 4 a bushel by 0231 GMT, adding to a 1.7 percent gain in the previous session. Soybeans rose 0.1 percent to...

  • SYDNEY, April 26- U.S. corn rose nearly 0.5 percent on Tuesday to extend two-day gains to more than 2 percent, as forecasts for rains across key growing regions fueled concerns over planting delays. *The most active corn futures on the Chicago Board Of Trade rose 0.5 percent to $3.83-1/ 2 a bushel, having gained 1.7 percent in the previous session.

  • April 25- Costco Wholesale Corp plans to expand business with chicken supplier Pilgrim's Pride Corp even after building its own poultry processing plant in Nebraska, a senior executive at the retailer told Reuters. Shares of Pilgrim's Pride have fallen more than 5 percent since April 14 when a development council in Nebraska unveiled plans for the Costco...

  • CHICAGO _ Heidrick& Struggles International Inc. on Monday reported first-quarter earnings of $1.3 million. For the current quarter ending in July, Heidrick& Struggles said it expects revenue in the range of $145 million to $155 million. Heidrick& Struggles shares have declined 12 percent since the beginning of the year.