BILLINGS, Mont.— Montana's largest mining company says its precious metals production rose modestly while recycled metal volumes dropped sharply in the first quarter of 2014.. Stillwater Mining Co. reported that platinum and palladium production from the company's two mines in the Beartooth Mountains increased by more than 3,000 ounces.» Read More
CHICAGO— Grain futures were mostly lower Thursday on the Chicago Board of Trade. Wheat for May delivery rose 3.25 cents to $6.9125 a bushel; May corn was 2.75 cents lower at 4.9475 a bushel; May oats were 1 cent lower at $4.04 a bushel; while May soybeans declined 4.75 cents to $15.14 a bushel.
DALLAS— Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering. Private-equity owners TPG and Silver Lake will keep about 80 percent of the company, which the IPO valued at around $4 billion.
The $9.4 billion Fidelity Select Biotechnology Fund plunged 11.75 percent during the first 14 days of April. That put the fund near the bottom among nearly 3,800 U.S. mutual funds tracked by Lipper Inc. Only six funds performed worse, but they had less than $100 million in assets each.
US TREASURIES YIELDS RISE AFTER PHILADELPHIA FED DATA.
*Others want European Central Bank to act. Some of Europe's largest companies including Danone, SAP AG and L'Oreal have posted buoyant first-quarter sales volumes in the past week thanks largely to strong demand in emerging markets such as Brazil and in North America.
LONDON, April 17- Brent crude oil was steady below $110 a barrel on Thursday, after hitting a six-week high in the previous session, as traders assessed whether rising tensions in Ukraine could disrupt supplies from Russia.
NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. "There is follow-through from yesterday, there was significant selling in the middle of the curve," said Tom Tucci, head of Treasuries trading at CIBC in New York.
*Inflow of $5.8 bln so far after 2013 outflow. LONDON, April 17- Money is flowing back into commodity investments this year as the sector has broken out of lock-step with other asset classes and outperformed them, attracting investors who aim to diversify portfolios.
NEW YORK, April 17- U.S. stock index futures remained little changed after data showed the number of Americans filing new claims for unemployment benefits rose less than expected last week and remained near its pre-recession levels.
US TREASURIES YIELDS HIT SESSION HIGHS AFTER JOBLESS CLAIMS, 10- YEAR NOTES YIELD 2.66 PERCENT.
LONDON, April 17- Gold steadied around $1,300 an ounce on Thursday as a lower dollar and accommodative U.S. The metal had fallen nearly 2 percent on Tuesday and has remained broadly range-bound since then around $1,300 on fears over slowing demand in top consumer China.
*Google, IBM shares fall a day after posting earnings. NEW YORK, April 17- U.S. stock index futures were flat and pointed to a lower open on Thursday after three days of gains on Wall Street, weighed by results including those from Google and IBM and ahead of employment and regional business growth data.
LONDON, April 17- Brent crude oil slipped towards $109 a barrel on Thursday, after hitting a six-week high in the previous session, as traders assessed whether rising tensions in Ukraine could disrupt supplies from Russia.
*Initially planned to sell 20 mln ADSs at $17- $19 each. April 17- China's Weibo Corp, a Twitter- like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth.
FRANKFURT, April 17- German business software maker SAP warned on Thursday that it expects the negative impact of the strong euro to worsen after reporting lower than expected first-quarter results. The currency has gained 2.3 percent on the U.S. dollar and nearly 6 percent against Japan's yen in the past six months.
LONDON, April 17- The dollar fell against a basket of currencies on Thursday after Federal Reserve Chair Janet Yellen reiterated an accommodative monetary policy stance in comments.
*Investors await developments in Ukraine. LONDON, April 17- Gold fell below $1,300 an ounce on Thursday as investors cut exposure to gold-backed funds and weighed the impact of Ukraine tensions, while worries over the strength of Chinese demand continued to weigh.
LONDON, April 17- Brent crude steadied under $110 a barrel on Thursday, after hitting a six-week high in the previous session, as traders assessed the risk that rising tensions in Ukraine could disrupt supplies from Russia.
LONDON, April 17- The dollar fell against a basket of currencies on Thursday after Federal Reserve chief Janet Yellen reiterated an accommodative monetary policy stance in comments which gave the euro and the yen a lift.
LONDON, April 17- Brent crude rose to nearly $110 a barrel on Thursday, trading just below a six-week high hit in the previous session, with rising tensions in Ukraine heightening concerns over Russian supplies, and robust U.S. and Chinese demand supporting prices.