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  • That is because the Dow weighs its 30 components by price, so a $500 stock would overwhelm the index. "I would think it would likely make it a Dow contender," said Eric Kuby, chief investment officer at North Star Investment Management Corp in Chicago, who owns the stock.

  • That is because the Dow weighs its 30 components by price, so a $500 stock would overwhelm the index. "I would think it would likely make it a Dow contender," said Eric Kuby, chief investment officer at North Star Investment Management Corp in Chicago, who owns the stock.

  • CHICAGO, April 23- Detroit's future once it exits the biggest municipal bankruptcy in U.S. history will depend on oversight, the city's chief financial officer said on Wednesday.

  • Gold prices edge up for the first time in a week Wednesday, 23 Apr 2014 | 3:53 PM ET

    Gold prices settled higher for the first time in a week as tensions between Russia and Ukraine give the precious metal some support. Russia warned Wednesday that it would mount a firm response if its citizens or interests come under attack in Ukraine. The next day, Ukraine and Russia agreed on tentative steps to calm unrest along their shared border.

  • AOL to add Miramax films to video platform Wednesday, 23 Apr 2014 | 1:35 PM ET

    NEW YORK— Web portal AOL Inc. says it will license full-length movies from Miramax for free viewing with advertisements by its U.S. visitors. AOL didn't say which movies it would offer but said they would be refreshed monthly and span a range of genres.

  • Soybeans were mixed, with nearby prices pressured by spread trading activity and expectations of more U.S. imports of South American beans amid weak near-term demand from China. Chicago Board of Trade May corn rose 6- cents, or 1.2 percent, to $5.02-1/ 4 a bushel by 11:07 a.m. CDT in a second straight day of gains after sinking to a three-week low on Monday.

  • Gay business owners still face challenges Wednesday, 23 Apr 2014 | 12:10 PM ET

    NEW YORK— It happens a few times a year: A customer refuses to work with Dave Greenbaum because he's gay. Greenbaum, who owns a computer repair business in Lawrence, Kan., often needs to go into customers' homes. Some people realized he is gay after he was quoted in a newspaper story about gay rights.

  • Grain mixed, livestock higher Wednesday, 23 Apr 2014 | 10:52 AM ET

    CHICAGO— Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery was 3.50 cents lower at 6.76 a bushel; july corn was 2.50 cents higher at 5.0450 a bushel; July oats were unchanged at 3.6375 a bushel; while July soybeans was 4.25 cents higher at 14.75 a bushel.

  • Faster production brings Boeing $965M 1Q profit Wednesday, 23 Apr 2014 | 7:49 AM ET

    Boeing's increased rate of commercial jet manufacturing is starting to pay off for shareholders. That increased rate contributed to a $965 million profit for Chicago- based Boeing Co. post in the first quarter.

  • *Soybeans down on U.S. imports, wheat dips. HAMBURG/ SYDNEY, April 23- U.S. corn edged lower on Wednesday on expectations U.S. plantings could speed up following a sharp rise in corn futures a day earlier as the sowing pace fell below market expectations.

  • April 22- Intuitive Surgical Inc on Tuesday lowered its forecast for procedure growth for its da Vinci surgical robots, citing a slowdown in U.S. gynecology procedures. The medical device maker said it now expects da Vinci procedure growth in a range of 2 percent to 8 percent, down from the prior forecast of 9 percent to 12 percent.

  • CHICAGO, April 22- Two Brazilian soybean cargoes initially sold to China have been switched to the United States, according to port and shipping data updated on Tuesday, the first clear evidence that the U.S. is absorbing some of China's excess Brazilian purchases that were at risk of default.

  • Some of the biggest names in Corporate America, including Coca-Cola Co, General Motors Co, United Technologies Corp and McDonald's Corp all in the past week reported strong results from their China operations.

  • April 22- The U.S. Food and Drug Administration on Tuesday proposed speeding up medical device approvals for patients who have no other treatment options through a new program focused on earlier and more frequent interactions between companies and FDA staff.

  • *Brazilian soybeans sold to China head to United States. CHICAGO, April 22- U.S. corn futures jumped on Tuesday as concerns about slow planting progress helped fuel a rebound from sharp losses the previous session, while soybean futures tumbled on increased imports into the United States.

  • US says average airfares rising slowly; $381 in 4Q Tuesday, 22 Apr 2014 | 1:31 PM ET

    DALLAS— The average price of an airline ticket for travel within the U.S. rose by just $1 last year, although prices are still modestly higher than they were five years ago. The U.S. Department of Transportation said Tuesday that the average domestic airfare rose to $381 in the fourth quarter of 2013, a 0.3 percent increase from a year earlier.

  • WASHINGTON, April 22- U.S. home resales fell to their lowest level in more than 1-1/ 2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end. The National Association of Realtors said on Tuesday existing home sales slipped 0.2 percent to an annual rate of 4.59 million units.

  • Eminem, Outkast to headline Austin City Limits Tuesday, 22 Apr 2014 | 11:45 AM ET

    NEW YORK— Eminem and Outkast are headlining another music festival. The rap acts will perform at the Austin City Limits Music Festival in October in Austin, Texas. Lana Del Rey, Calvin Harris, Foster the People, Broken Bells, The Replacements, Iggy Azalea, the Avett Brothers and Zedd are also slated to perform.

  • April 22- The federal judge overseeing Detroit's historic bankruptcy case tapped a top restructuring official at Phoenix Management Services on Tuesday to help the court determine if the city's plan to adjust its $18 billion of debt is feasible.

  • Frank Lloyd Wright tower opens for public tours Tuesday, 22 Apr 2014 | 11:15 AM ET

    RACINE, Wis.— Frank Lloyd Wright fans will get their first look at one of his most unusual buildings, an industrial tower with a tree-like design, when a home products company opens its former research and development center to the public this spring.

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