Top News & Analysis Chicago

  • The revamp includes the retirement of Jim Walton, 67, the youngest son of the late Wal-Mart founder Sam Walton, after 11 years on the board, the retailer said. Also departing are Aida Alvarez, a former member of U.S. President Bill Clinton's cabinet, retail industry veteran Roger Corbett, and Mike Duke, who was Wal-Mart's president and chief executive from 2009 to...

  • April 20- Wal-Mart Stores Inc Chief Executive Doug McMillon's pay rose slightly to $19.8 million in the year ended Jan. 31, a regulatory filing on Wednesday showed, even as profit at the world's largest retailer fell on higher costs. The total compensation, which includes cash and stock, compared with the $19.4 million he made the previous year, according to the...

  • CHICAGO, April 20- U.S. soybeans shrugged off early losses to surge 1 percent on Wednesday, hitting new eight-month highs and extending the gains of a dramatic April rally linked to investment fund buying and rain-related delays in Argentina's harvest. "They tried to break it early and they couldn't, and then we got follow-through buying," said Lee Gaus, a partner at...

  • *Kuwait ends oil strike, reviving glut worry after failed Doha. The U.S. government's Energy Information Administration will issue official inventory numbers at 10:30 a.m. EDT EIA/S 3/ 8, following a much stronger-than-expected storage rise reported on Tuesday by American Petroleum Institute. "An expiration of more than $1.50 a barrel in the May-June...

  • *Corn still at 6- month high as Brazil ends import tax. HAMBURG/ SINGAPORE, April 20- U.S. soybeans fell after touching an eight-month high on Wednesday while corn traded at its highest in six months as major exporter Brazil scrapped an import tax. The Chicago Board of Trade front-month May soybean contract was down 0.5 percent at $9.80-1/ 4 a bushel at 1006 GMT after...

  • April 19- Intuitive Surgical Inc on Tuesday reported better-than-expected first-quarter profit on expanded use of its da Vinci robots in U.S. general surgeries such as hernia repair, and it raised its full-year outlook for procedure growth. "You are seeing both clinical and economic benefits with robotic surgery use in these procedures," said Canaccord...

  • The move came after North Carolina last month became the first U.S. state to require transgender people to use restrooms and changing rooms in schools and other public facilities that match their sex at birth rather than their gender identity. The law in North Carolina does not affect private-sector businesses, which are free to set their own policies,...

  • The move came after North Carolina last month became the first U.S. state to require transgender people to use restrooms and changing rooms in schools and other public facilities that match their sex at birth rather than their gender identity. Backers of the measure in the Republican-controlled North Carolina legislature say it is meant to protect privacy...

  • April 19- Target Corp said on Tuesday that transgender employees and customers can use the bathroom that corresponds with their gender identity, taking a stand on an issue at the center of a heated national debate. North Carolina last month became the first state to require transgender people to use restrooms and locker rooms in schools and other public...

  • NEW YORK, April 19- Oil prices rose on Tuesday following a workers' strike in Kuwait, while a global stock index hit its highest level since early December as signs of economic stabilization in China lifted demand for riskier assets. The rise in crude prices drove up the currencies of countries dependent on commodity exports, including Australia and Canada, where...

  • *Top consumer China launches yuan gold benchmark. NEW YORK/ LONDON, April 19- Gold rose as much as 2 percent, silver hit a 10- month high and platinum climbed to its highest in six months on Tuesday, as the dollar weakened after U.S. data came in below forecasts. Gold touched a one-week high of $1,256.80 an ounce and was up 1.8 percent at $1,252.77 by 2:50 p.m. EDT, while...

  • April 19- Teamsters unions representing 16,000 workers of Costco Wholesale Corp on Tuesday recommended their members approve a new contract offer from the retailer that they said would secure larger pension contributions throughout an employee's career. The new agreement allows those employees- about 4,000 on the East Coast on a 401 plan- to join the other...

  • *U.S. stocks near flat after midday in New York. NEW YORK, April 19- Oil prices rose on Tuesday following a workers' strike in Kuwait, while a global stock index hit its highest since December as signs of economic stabilization in China lifted demand for riskier assets. Stocks in Japan and China also ended higher.

  • NEW YORK, April 19- Major world stock markets rose on Tuesday as the bounce in oil prices helped the energy sector, following signs of economic stabilization in China, increasing demand for riskier assets. The rise in oil prices, largely driven by a workers' strike that nearly halved output from Kuwait, drove the Australian dollar to a 10- month high and boosted the...

  • *Australian, New Zealand and Canadian dollars soar. The Australian dollar hit $0.7817, its highest level against the dollar since last June, while the New Zealand dollar touched $0.7055, also its highest since last June, on the back of gains in oil prices. Analysts said a strike by oil workers in Kuwait, which continued for a third day and nearly halved production...

  • *Corn firm near 5- month high, market eyes dry Brazil. PARIS/ SINGAPORE, April 19- U.S. soybeans edged higher on Tuesday to trade near an eight-month top as investors worried about harvest rain in major grower Argentina and crop markets drew support from a rebound in crude oil. Corn ticked higher to hold close to Monday's five-month high as dry conditions in Brazil...

  • SINGAPORE, April 19- U.S. soybeans edged higher on Tuesday to hover near last session's eight-month top, with concerns over wet weather curbing yields in Argentina underpinning the market. Chicago Board Of Trade most-active soybean futures rose 0.5 percent to $9.58-3/ 4 a bushel, near Monday's eight-month high of $9.64-1/ 4 a bushel. The rally in oilseeds will...

  • SYDNEY, April 19- U.S. wheat held on to sharp gains on Tuesday to trade at a more than two-month high, after jumping over 4.5 percent in the previous session as traders liquidated some of a record-large short stake. *The most active wheat futures on the Chicago Board Of Trade were little changed at $4.73 a bushel, having closed up 4.6 percent on Monday, the biggest...

  • NEW YORK, April 18- Oil prices edged lower on Monday after producers failed to agree on a plan to curb global supply at a meeting in Qatar, while world stock markets rose and the Dow Jones industrial average closed above 18,000 for the first time since July. In Qatar, some 18 oil-exporting nations, including OPEC members, failed to agree to stabilize output at January...

  • *Kuwait oil strike shuts over 60 pct of its production. *Brent ends down 0.4 pct; off 7 pct first on Doha talks collapse. "The material loss in production from the Kuwait strike has helped the oil market forget about the farce from Doha," said Matt Smith, director of commodity research at the New York- headquartered Clipperdata.