Top News & Analysis Chicago

  • April 7- U.S. agricultural commodities trader Cargill Inc on Thursday said its profit rose 8 percent in the third quarter while revenue slipped due to lower commodity prices and a strong U.S. dollar. Minneapolis- based Cargill said net earnings totaled $459 million for the quarter ended Feb. 29, up from $425 million in the same quarter a year earlier.

  • *Energy, healthcare lift stocks in U.S., Europe. Stocks on Wall Street and in Europe bounced from declines of more than 1 percent in the prior session, led by energy and healthcare sectors. The healthcare sectors, were the top performing groups in both the United States and Europe, with each up more than 2 percent.

  • HAMBURG/ SINGAPORE, April 6- Chicago wheat fell on Wednesday, pressured by a U.S. Department of Agriculture report giving a better picture of U.S. wheat condition than some expected. The Chicago Board of Trade's most-active May wheat contract fell 1.1 percent to $4.68-1/ 2 a bushel at 1006 GMT. Most active May corn rose 0.1 percent to $3.57-1/ 4 a bushel, the highest...

  • WINNIPEG/ SANTIAGO, April 6- Dealers of used mining equipment, from the United States to Chile and Australia, are making a risky bet that an end to the industry's four-year slump may be in sight, stocking up on a glut of crushers and conveyors. A used 20- ton Komatsu Ltd bulldozer that sold for nearly $130,000 a few years back, now leaves the lot for $100,000, for example.

  • NEW YORK, April 5- U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. The decision to end the biggest tax "inversion" ever attempted, which would have seen Pfizer slash its tax bill by redomiciling to Ireland where Allergan is registered, came a day after the U.S.

  • NEW YORK, April 5- U.S. drug maker Pfizer Inc's agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. The decision to end the biggest tax "inversion" ever attempted, which would have seen Pfizer slash its tax bill by redomiciling to Ireland where Allergan is registered, came a day after the U.S.

  • NEW YORK, April 5- U.S. drug maker Pfizer Inc's $160 billion agreement to acquire Botox maker Allergan Plc was on the brink of being abandoned on Tuesday, after the U.S. President Barack Obama' s administration could change the rules again to thwart a deal, according to the source. Obama on Tuesday called global tax avoidance a "huge problem" and urged Congress to take...

  • Wal-Mart, the largest grocer in the United States, said it would require that its egg suppliers adopt an industry standard for treatment of hens by 2025 and have their compliance monitored by a third party. The new guidelines will apply to the discount retailer's more than 5,000 stores in the United States, including its Sam's Club warehouse chain.

  • CHICAGO, April 5- U.S. soybean futures on Tuesday extended a setback from the nearly eight-month highs reached a day earlier, as wet weather fueled projections that farmers will plant more fields with the oilseed than previously expected. South and Midwest could prompt growers to switch 1 million to 2 million acres of land to soybeans that they had initially...

  • NEW YORK/ LONDON, April 5- Gold rebounded more than 1 percent on Tuesday, snapping two days of losses as risk appetite evaporated, pushing global stocks lower and knocking the dollar to a 17- month low against the yen. Spot gold was up 1.1 percent at $1,228.31 an ounce by 2:15 p.m. EDT, while U.S. gold futures for June delivery settled up 0.8 percent at $1,229.60 an...

  • CHICAGO, April 5- U.S. soybean futures on Tuesday extended a setback from the nearly eight-month highs reached a day earlier, as wet weather fuelled projections that farmers will plant more fields with the oilseed than previously expected. Rainy, cool conditions in the southern and Midwestern United States could prompt growers to switch 1 million to 2 million...

  • April 5- Wall Street was set to open lower on Tuesday as the outlook for U.S. interest rates remained cloudy and oil hovered near one-month lows. Adding to the downbeat sentiment were comments by Presidents of the Chicago and Boston Federal Reserves on Monday, supporting an aggressive stance on monetary policy. Traders have priced in only one hike in 2016, with an...

  • *Corn, soy consolidate after swings on USDA planting data. PARIS/ SINGAPORE, April 5- Chicago wheat eased for a second straight session on Tuesday as traders took the view that weather risks to northern hemisphere crops were not severe enough to alter the prospect of more ample supplies next season. Corn also rose slightly as the market consolidated above a 9-1/ 2-...

  • Fed's Evans says central bank needs to be proactive

    Chicago Fed President Charles Evans repeats his push for two rate hikes this year.

  • April 4- North Dakota farmer Randy Thompson plans to apply 30 percent less nitrogen fertilizer to his corn this year to save money in the face of crashing crop prices. In Minnesota, Andy Pulk is trucking crop nutrients to his farm from 350 miles away because he found a better price than his local cooperative could offer. Last month, the company cut its full-year...

  • OUAGADOUGOU, April 4- Burkina Faso's cotton association is seeking 48.3 billion CFA francs in compensation from U.S. seed company Monsanto after it said genetically modified cotton led to a drop in quality, association members said on Monday. In an effort to increase yields, the Inter-professional Cotton Association of Burkina began introducing Monsanto's...

  • *Dollar hits over two-week low vs yen of 111.10 yen. NEW YORK, April 4- The U.S. dollar hit its lowest level against the yen in more than two weeks on Monday and was lower against a basket of major currencies on continued expectations of a slow path of Federal Reserve rate increases this year. "You have a continued flow-through from the Yellen comments," said Douglas...

  • NEW YORK, April 4- Oil prices fell more than 2 percent on Monday, with Brent touching one-month lows, as investors doubted that producing countries will freeze output to rein in a worldwide glut. "It appears that the speculative longs that were enticed toward the buyside of the energy complex through most of the first quarter by the upcoming production freeze...

  • NEW YORK, April 4- Oil is in an early bull run despite the notion prices have rebounded too fast, too soon, hedge fund manager Jonathan Goldberg says as his energy-focused investment fund posts a 9 percent gain in the first quarter of this year. "Yes, the market is not as short as it was when prices were $26," Goldberg, manager of the $550 million BBL Commodities Value Fund...

  • April 4- A stem cell therapy developed by Vericel Corp helped reduce deaths and hospitalizations in advanced heart failure patients, according to data from a midstage study, potentially providing a treatment that could delay the need for heart transplants. "It's a little baffling that you're keeping patients alive, but not having any effect on those secondary...