As talks surrounding the Malaysia jet lawsuit continue, some argue the case won't have a strong chance in the U.S.» Read More
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.
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.
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.
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.
CHICAGO— Grain futures were Mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for May delivery was unchanged at 6.6825 a bushel; May corn was 3.75 cents higher at 4.9225 a bushel; May oats were unchanged at 3.9525 a bushel; while May soybeans was 6.75 cents lower at 14.92 a bushel.
April 21- A U.S. appeals court on Monday postponed an injunction that would have stopped Medtronic Inc from selling its CoreValve heart valve implant in competition with Edwards Lifesciences Corp's Sapien valve product.
NEW YORK, April 21- Netflix Inc, the video streaming service, on Monday criticized AT&T's high-speed fiber network as inadequate and slow, while renewing its call for AT&T to interconnect directly with Netflix.
CHICAGO— Jeff Tweedy, Nickel Creek, Emmylou Harris and Janelle Monae will headline this year's Taste of Chicago. Chicago's Department of Cultural Affairs and Special Events on Monday released the list of performers for the annual food festival in Grant Park along Lake Michigan.
*Wheat suffers biggest one-day drop in more than a year. "Wheat is the star of the show," said Sterling Smith, futures specialist for Citi. Chicago Board of Trade wheat for May delivery closed down 23 cents, or 3.3 percent, at $6.68-1/ 4 after touching a one-week low of $6.62-3/ 4 earlier in the session.
SAN FRANCISCO— Apple is offering free recycling of all its used products and vowing to power all of its stores, offices and data centers with renewable energy to reduce the pollution caused by its devices and online services.
AT&T currently has such speeds in Austin, Texas, and has committed to offer the service in Dallas. The company is also in advanced talks to bring GigaPower to two additional markets, Raleigh-Durham and Winston-Salem, N.C.. A rival offering from Google Inc., known as Google Fiber, is available in Kansas City and is coming soon to Austin and Provo, Utah.
*Results from Netflix expected after the market close. NEW YORK, April 21- U.S. stocks rose slightly on Monday as investors found few reasons to push indexes sharply higher following a strong rally last week and ahead of key earnings releases.
*Wheat drops 3.6 percent to one-week low. Wheat futures dropped 3.6 percent to a one-week low on expectations for more rainfall in the drought-stricken Plains. Chicago Board of Trade wheat for May delivery was down 25-1/ 2 cents, or 3.7 percent, at $6.65-3/ 4 a bushel at 10:15 a.m CDT.
*Japan logs largest-ever trade deficit; dollar rises vs yen. NEW YORK, April 21- U.S. stocks were little changed on Monday as investors found little reason to push up prices after last week's rally, while the dollar reached a two-week high against the yen after Japan posted a record trade deficit.