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Top News & Analysis Chicago

  • *Wheat weighed down big supplies, Egypt import uncertainty. PARIS/ SINGAPORE, Sept 16- Chicago soybeans and corn futures edged down on Friday to stay on course for a weekly loss as the start of the autumn harvest season kept attention on the prospect for bumper crops. Chicago Board of Trade most-active soybeans inched down 0.1 percent to $9.49-1/ 4 a bushel by 1107...

  • NEW YORK/ LONDON, Sept 15- Gold slid on Thursday to a two-week low after a mixed bag of U.S. economic data prompted selling ahead of next week's U.S. Spot gold fell as much as 1 percent to $1,309.25 an ounce and was down 0.6 percent at $1,314.47 by 5:05 p.m. EDT. ETF Securities analyst Martin Arnold called the Fed's reluctance to increase rates supportive for gold, but...

  • *USDA announces first daily U.S. soy sale in a week. At the Chicago Board of Trade, November soybeans settled up 7-3/ 4 cents at $9.50-1/ 2 per bushel. Also, the USDA said private exporters sold 110,000 tonnes of U.S. soybeans to unknown destinations in the last day.

  • *Wall Street gains on Apple, lower chance of rate hike. NEW YORK, Sept 15- Global equity prices gained on Thursday after a mixed bag of U.S. economic data dimmed chances the Federal Reserve will raise interest rates next week. "The data was weaker than expected, especially retail sales, which I think the market was focusing on," said Gary Pollack, head of fixed-income...

  • NEW YORK, Sept 15- Oil prices steadied on Thursday as short-covering stemmed a two-day rout, but gains were capped by a rebounding dollar and concerns about returning crude supplies from Nigeria and Libya. "Oil is moving as much to the Fed's dance as the fundamentals for crude, and that explains today's flighty moves and abbreviated short-covering," said Phil...

  • *August retail sales drop more-than-expected. Sept 15- The S&P 500 and the Dow were little changed on Thursday morning following a lackluster set of data, while the Nasdaq got a boost from Apple. It's just right to keep the Fed on the sidelines and keep interest rates right where they are, "said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

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    Within a number of major metro areas, it now costs more to rent an average one-bedroom home than it does to rent a two-bedroom.

  • *August retail sales drop more-than-expected. Sept 15- U.S. stock index futures trimmed gains, but kept Wall Street on track to open higher on Thursday, as investors assessed a mixed bag of economic data. It's just right to keep the Fed on the sidelines and keep interest rates right where they are, "said Paul Nolte, portfolio manager at Kingsview Asset Management in...

  • PARIS/ SINGAPORE, Sept 15- Chicago corn futures rose for a second session on Thursday, recovering from one-week lows on expectations of further reductions in estimates for U.S. corn yields. Chicago Board of Trade's most active soft red winter wheat futures rose 0.25 percent to $4.04 a bushel while corn was up 0.2 percent at $3.32-1/ 2 a bushel.

  • Under so-called seamless conversion, an insurer can seek permission from the Centers for Medicare& Medicaid to auto-enroll members of its non- Medicare insurance plans when they reach 65, the age of Medicare eligibility. Auto-enrollment might be convenient, but it short circuits one of the most important choices to be made when signing up for Medicare-...

  • NEW YORK/ FRANKFURT, Sept 14- German drug and crop chemical maker Bayer clinched a $66 billion takeover of U.S. seeds company Monsanto on Wednesday, ending months of wrangling with a third sweetened offer that marks the largest all-cash deal on record. "Bayer's competitors are merging, so not doing this deal would mean having a competitive disadvantage," said fund...

  • CHICAGO, Sept 14- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, a U.S. judge said on Wednesday. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global...

  • WASHINGTON D.C./ NEW YORK, Sept 14- As the global agricultural sector races to consolidate, Bayer AG's $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease in the United States and abroad over the future of food production. Monsanto and Bayer "have chosen to do a deal in the year of merging dangerously," said David Balto, a...

  • CHICAGO, Sept 14- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, a U.S. judge said on Wednesday. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global...

  • *Offers back on for Nigeria's Que Iboe crude, adding pressure. NEW YORK, Sept 14- Oil prices fell about 3 percent for a second straight day on Wednesday, after data showing large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles. U.S. inventories of distillates, which include diesel and heating oil, rose by 4.6 million barrels in the...

  • By Diane Bartz and Greg Roumeliotis. WASHINGTON D.C./ NEW YORK, Sept 14- As the global agricultural sector races to consolidate, Bayer AG's $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease in the United States and abroad over the future of food production. Monsanto and Bayer "have chosen to do a deal in the year of...

  • *EIA reports 559,000 bbls crude draw vs 3.8 mln build forecast. NEW YORK, Sept 14- Oil prices fell about 3 percent for a second straight day on Wednesday, after data showing large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles. U.S. inventories of distillates, which include diesel and heating oil, rose by 4.6 million barrels in the...

  • Less dovish comments last Thursday by European Central Bank President Mario Draghi also sparked rapid selling in stocks and bonds alike as investors worry that global central banks are facing fewer options as they attempt to stimulate growth and inflation. "The whole thing started with Japan and the idea that they're not going to be buying as much long-term...

  • NEW YORK/ FRANKFURT, Sept 14- German drug and crop chemical maker Bayer clinched a $66 billion takeover of U.S. seeds company Monsanto on Wednesday, ending months of wrangling with a third sweetened offer that marks the largest all-cash deal on record. "Bayer's competitors are merging, so not doing this deal would mean having a competitive disadvantage," said fund...

  • On Tuesday, crude futures settled down 3 percent after the world's energy watchdog and OPEC both revised forecasts that signaled the global crude glut could persist much longer than expected. "I am expecting an across-the-board build with a large build in crude oil as imports recover after the tropical storm in the Gulf," said Dominick Chirichella, senior...