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  • GRAINS-Wheat extends gains to one-week high Tuesday, 2 Jun 2015 | 9:15 PM ET

    SINGAPORE, June 3- U.S. wheat futures hit a one-week high on Wednesday, stretching gains after climbing nearly 4 percent in the previous session in a rally spurred by the dollar's slide. *Wheat for July delivery on the Chicago Board of Trade was up 0.4 percent at $5.14-1/ 2 per bushel by 0033 GMT, its highest since May 26. *The U.S. Department of Agriculture rated 44...

  • NEW YORK, June 2- A federal judge on Tuesday ruled largely in favor of the trustee seeking potentially hundreds of millions of dollars for Bernard Madoff's victims in 233 lawsuits that sought to recoup alleged fictitious profits generated by the Ponzi schemer's firm. Bankruptcy Judge Stuart Bernstein in Manhattan said trustee Irving Picard could try to claw...

  • LONDON, June 2- Aluminium premiums have gone into meltdown. In Europe, the premium for duty unpaid aluminium has collapsed from more than $400 per tonne over London Metal Exchange cash at the start of January to less than $100 per tonne last month. In Japan, the opening premium offers for third-quarter shipments are coming in at $130- 160 per tonne, compared with $425...

  • SAN FRANCISCO, June 2- Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC's plan to drill in the Arctic Ocean as soon as July. The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, gave conditional approval in May to Shell's resumption of fossil fuel exploration in the Arctic, which...

  • June 2- Movie theater chain Cinemark Holdings Inc said it had received formal inquiries from the U.S. Department of Justice related to an antitrust probe, a day after larger cinema operators Regal Entertainment Group and AMC Entertainment Holdings received similar notices. Houston- based Viva Cinema sued AMC Entertainment on April 20, saying AMC had coerced...

  • The FDA typically follows the advice of its advisory panels. The FDA review found a statistically significant improvement in the number of satisfying sexual events experienced by women taking the drug and a reduction in distress related to low desire. The differences were numerically small, however, and the question remains whether the drug's benefits...

  • WASHINGTON/ DETROIT, June 2- Takata Corp will "rapidly" reduce production of a volatile chemical that has been linked to ruptured air bag inflators, a company executive told U.S. lawmakers on Tuesday. The chemical, ammonium nitrate, "appears to be one of the factors" contributing to inflator ruptures linked to six deaths and hundreds of injuries, Kevin Kennedy,...

  • HP CEO Whitman sets date for spin-off Tuesday, 2 Jun 2015 | 6:28 PM ET
    The Hewlett-Packard headquarters in Palo Alto, California.

    Hewlett-Packard Chief Executive Meg Whitman said the separation of HP Inc and Hewlett-Packard Enterprise would be effective on Nov. 1.

  • Madoff trustee largely prevails in 233 lawsuits Tuesday, 2 Jun 2015 | 6:23 PM ET

    NEW YORK, June 2- A federal judge on Tuesday ruled largely in favor of the trustee seeking millions of dollars for Bernard Madoff's victims in 233 lawsuits that sought to recoup alleged fictitious profits generated by the Ponzi schemer's firm. Bankruptcy Judge Stuart Bernstein in Manhattan said the trustee Irving Picard could try to claw back money that...

  • Correction: Airlines-Faster Boarding story Tuesday, 2 Jun 2015 | 6:18 PM ET

    DALLAS— In a June 1 story about airline efforts to improve the boarding process, The Associated Press erroneously referred to Morgan Durrant as a Delta Air Lines spokeswoman. DALLAS— Airlines are trying to save time by speeding up a part of flying that creates delays even before the plane leaves the gate: the boarding process. Southwest wants to get families...

  • HP CEO says split effective from Nov 1 Tuesday, 2 Jun 2015 | 6:05 PM ET

    June 2- Hewlett-Packard Co Chief Executive Meg Whitman said the separation of HP Inc and Hewlett-Packard Enterprise would be effective on Nov. 1. Whitman made the announcement during the company's technology event, HP Discover 2015, in Las Vegas on Tuesday. The world's No. 2 personal computer maker said in October it would split into two listed companies,...

  • VIENNA, June 2- Core Gulf OPEC members and others have a consensus to keep the organization's oil production ceiling intact at its meeting this week, a senior Gulf OPEC delegate told Reuters on Tuesday, reinforcing a view among a growing chorus of members. Most members expect OPEC to stand by its decision to keep pumping out oil at current rates at its meeting on...

  • June 2- Chevron Corp has deployed robots on the seafloor near its Big Foot deepwater oil project, aiming to find just how much damage it must contend with after six giant tendons sank and indefinitely delayed the start of production at the platform. The site, 225 miles south of New Orleans in the U.S. Wells Fargo analyst Roger Read said on Tuesday the setback was "...

  • PROVIDENCE, R.I.— The state House of Representatives approved raising the minimum wage on Tuesday after a discussion about a bill amendment turned into a heated debate about race. The House voted 58-13 to raise the state's $9 hourly minimum to $9.60 on Jan. 1. Deputy Minority Leader Patricia Morgan proposed allowing employers to continue paying $9 an hour to...

  • LAKE BUENA VISTA, Fla., June 2- Differences emerged on Tuesday among Republican rivals for the 2016 presidential nomination at a forum where it was clear that Jeb Bush and Marco Rubio will face some competition in Florida despite their home-state edge. The fact that seven Republican candidates or potential candidates spoke at Florida Governor Rick Scott's "...

  • DES MOINES, Iowa— Iowa lawmakers returned to the state Capitol Tuesday with final action on the budget still pending. The full membership of the Republican-led House and Democratic-controlled Senate reported for duty, as lawmakers work to wrap up the legislative session, possibly later this week. As it is structured, the House maintains a pledge to keep ongoing...

  • NEW YORK, June 2- Oil prices rose on Tuesday, driven by a weak dollar and expectations that U.S. crude supplies could have fallen last week for a fifth straight week. But the American Petroleum Institute estimated an inventory build instead, in a report released after the market's settlement, causing oil to pare some of its earlier gains. The government-run Energy...

  • TORONTO/ VANCOUVER, June 2- New car and truck sales in Canada hit a record high in May, with Chrysler leading the pack as the top-selling carmaker for the month and bolstered by strong demand for luxury vehicles, according to data released on Tuesday. Auto sales were up 1.1 percent, with 197,937 cars and light trucks sold in Canada, industry data showed.

  • HARRISBURG, Pa.— Investigators searched the home of a former longtime mayor whose failed projects, including a planned Wild West museum, helped push the city deep into debt, and they took a saddle and other Western artifacts from him. A lawyer for Democratic former Mayor Stephen Reed told Pennlive.com that the agents were executing a search warrant on Tuesday but...

  • ABM Industries beats 2Q profit forecasts Tuesday, 2 Jun 2015 | 5:10 PM ET

    NEW YORK _ ABM Industries Inc. on Tuesday reported fiscal second-quarter earnings of $18.3 million. ABM Industries expects full-year earnings in the range of $1.75 to $1.85 per share. ABM Industries shares have risen 13 percent since the beginning of the year.