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  • SYDNEY, Feb 9- U.S. soybeans rose for the first time in five sessions on Tuesday, coming off their lowest level in nearly two months, though gains were capped as heavy rains improved production prospects in Argentina. *Storms brought moisture to dry fields in Argentina during a key time for crop development. *Traders have been on edge about weather conditions in...

  • MELBOURNE, Feb 9- London copper was underpinned by weakness in the dollar on Tuesday, with extremely low turnover as traders waited for the return of top consumer China next week for fresh signals on demand. Copper topped out at its highest in a month at $4,720 on Thursday and trade is expected to stay quiet with China out this week for the Lunar New Year break.

  • MANILA, Feb 9- Gold stayed near its highest since June at close to $1,200 an ounce on Tuesday, buoyed by uncertainty over global growth that has kept stock markets under immense selling pressure. *Spot gold was flat at $1,191.10 an ounce by 0037 GMT. The metal, which thrives on instability in markets elsewhere, rose as high as $1,200.60 on Monday, its strongest since...

  • Business events scheduled for Tuesday Monday, 8 Feb 2016 | 1:27 PM ET

    WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m. Eastern. WASHINGTON— Labor Department releases job openings and labor turnover survey for December, 10 a.m.. PARIS— French pharmaceutical firm Sanofi reports 2015 earnings.

  • Business events scheduled for the coming week Friday, 5 Feb 2016 | 12:41 PM ET

    BERLIN— Germany releases industrial production figures for December. WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. WASHINGTON— Fed Chair Janet Yellen testifies to House committee on monetary policy, 10 a.m.; Embargo on prepared...

  • Business events scheduled for the coming week Thursday, 4 Feb 2016 | 1:39 PM ET

    WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. PARIS— French pharmaceutical firm Sanofi reports 2015 earnings. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, releases...

  • TRENTON, N.J.— AmerisourceBergen Corp. swung to a profit in its fiscal first quarter, thanks to a huge income tax benefit. A $541 million tax benefit enabled the company to post net income of $330.4 million, or $1.46 per share, in the October-December quarter. In the same period in 2014, the company reported a loss of $200 million, or 90 cents per share.

  • BUENOS AIRES, Feb 3- Argentine power distributor Edenor has said that the jump in power rates announced last week will not significantly alter the firm's revenue flows as the increase in tariff paid by the consumer replaces a government subsidy. The energy ministry last week set new seasonal prices charged to distributors in the wholesale electricity market...

  • *Nigeria's currency in free fall due to oil slump. ABUJA, Jan 24- Food wholesaler Chioma Oluwaseun was sorting through the inventory in her warehouse to hike prices for imports, in line with a Nigerian currency that has lost a third of its value on unofficial "parallel markets" since last month. Even though the naira is plunging on the street, a result of the collapse of...

  • WASHINGTON, Jan 8- U.S. wholesale inventories fell more than expected in November amid a push by businesses to reduce a stockpile of unsold goods, the latest indication that economic growth moderated sharply in the fourth quarter. The Commerce Department said on Friday wholesale inventories dropped 0.3 percent as inventories of both durable and nondurable...

  • SYDNEY, Jan 8- U.S. corn edged lower on Friday, with the grain set to post its third consecutive weekly loss as weaker demand for U.S. supplies in the wake of bumper South American exports pushed prices to a near seven-month low. *The USDA reported on Thursday that export sales of U.S. corn in the week to Dec. 31 were 252,900 tonnes, below analysts' expectations for 400,000...

  • MELBOURNE, Jan 8- London copper sank to near its weakest since mid-2009 on Tuesday after an equity rout this week jangled nerves over Beijing's ability to revive its shuddering economy, casting a pall over the demand outlook from the world's top user of metals. *Three-month copper on the London Metal Exchange had eased 0.3 percent to $4,511 a tonne by 0105 GMT,...

  • LONDON, Dec 23- Traffic on the U.S. rail network continues to weaken in a sign of the slowdown spreading across the industrial economy and efforts by firms to reverse the unplanned build up of inventories throughout the supply chain. The number of railcars and containers carried by the major railroads was down 8 percent last week compared with the same week a year...

  • Costco E. coli outbreak appears to be over - CDC Tuesday, 22 Dec 2015 | 12:39 PM ET

    Dec 22- An outbreak of E. coli linked to rotisserie chicken salad sold by warehouse club operator Costco Wholesale Corp appears to be over, the U.S. Centers for Disease Control said on Tuesday. The Costco outbreak was initially traced to a celery-and-onion mix made by Taylor Farms Pacific Inc used in making the chicken salad. Products were recalled from chains...

  • One of those plants allegedly supplied a subsidiary of Thai Union, AP reported. "Any illegal or unethical labour practices are unacceptable to Thai Union," the company's Chief Executive Thiraphong Chansiri said in the statement. Thai Union, which counts Wal-Mart and Costco Wholesale Corp among buyers, said last week it had decided to stop working with external...

  • WASHINGTON, Dec 11- U.S. retail inventories excluding automobiles rose in October, suggesting inventories could be less of a drag on fourth-quarter growth than previously thought. Inventories are a key component of gross domestic product. Retail inventories excluding autos, which go into the calculation of GDP, increased 0.4 percent in October after an...

  • WASHINGTON, Dec 10- U.S. economic growth for the third quarter is likely to be revised lower after data on Thursday showed a bit less spending on services and software than previously estimated. Based on the QSS data, economists at Barclays and JPMorgan estimated another one-tenth of a percentage point would be subtracted from the GDP estimate.

  • TUI Group CEO says sale of Hotelbeds unit is likely Thursday, 10 Dec 2015 | 4:03 AM ET

    LONDON, Dec 10- Travel giant TUI Group is likely to sell its Hotelbeds unit but is not considering a sale of its specialist holiday brands, Peter Long, joint-chief executive of the company told reporters on a call on Thursday. TUI said in May that Hotelbeds, the biggest business-to-business accommodation wholesaler, was the subject of a strategic review.

  • UPDATE 1-Weak U.S. inventories seen weighing on Q4 growth Wednesday, 9 Dec 2015 | 11:33 AM ET

    WASHINGTON, Dec 9- U.S. wholesale inventories fell in October as businesses stepped up efforts to reduce stockpiles of unsold merchandise, suggesting inventories would again be a drag on growth in the fourth quarter. The Commerce Department said on Wednesday wholesale inventories slipped 0.1 percent as stocks of both durable and nondurable goods fell.

  • U.S. wholesale inventories weak, may hit Q4 GDP Wednesday, 9 Dec 2015 | 10:00 AM ET

    WASHINGTON, Dec 9- U.S. wholesale inventories fell in October as businesses stepped up efforts to reduce the stockpile of unsold merchandise, suggesting inventories would again be a drag on growth in the fourth quarter. The Commerce Department said on Wednesday wholesale inventories slipped 0.1 percent as stocks of both durable and nondurable goods fell.