CNBC's Rick Santelli and Jane Ridley, Standard & Poor's analyst, discuss differences and similarities between the finances of the "windy city," versus the "motor city."» Read More
Bankruptcy in Dallas late Sunday, a move that will temporarily put U.S. legal action on hold against the Japanese company. The company said without U.S. bankruptcy protection it would spend substantial funds defending itself against a U.S. lawsuit seeking class action status that was filed in Chicago federal court.
*Traders squaring positions ahead of USDA supply-demand report. At 9:42 a.m. CDT, Chicago Board of Trade May soybean futures were down 14-1/ 2 cents at $14.43-1/ 4 a bushel. CBOT May corn was down 3 cents at $4.86 a bushel and CBOT May soft red winter wheat was 2 cents lower at $6.52 a bushel.
CHICAGO-- United Airlines canceled more than 11,000 flights in February as a series of winter storms disrupted air travel. Analysts surveyed by FactSet expect a loss of 95 cents per share, compared with a mid-February consensus forecast for a loss of 58 cents per share.
Since the start of the SEC's fiscal year on Oct. 1, the agency's win rate has dropped to 58 percent, from about 80 percent in recent years. 1. SEC v AIC, Inc, et al. 3. SEC v True North Finance Corp, et al.
*Lack of Japan structural reforms frustrates investors. TOKYO, March 10- Japanese shares slipped from a five-week high on Monday morning as disappointing Chinese trade data and uncertainty over the crisis in Ukraine prompted investors to lock in recent gains.
CHICAGO-- Grain futures were mixed Friday on the Chicago Board of Trade. Wheat for May delivery rose 8 cents to $6.54 a bushel; May corn was 2 cents lower at 4.89 a bushel; May oats sank 20 cents to $4.4625 a bushel; while May soybeans gained 19.75 cents to $14.5775 a bushel.
March 8- Malaysia Airlines said it had lost contact with a flight carrying 227 passengers from Kuala Lumpur to Beijing on Saturday, according to a statement on the company's Facebook page.
The cracks have not been found on in-service planes and therefore posed no flight risk, and the problem will not alter Boeing's plans to deliver 110 787 s this year, the Chicago- based aerospace and defense giant said. However, Boeing said the cracks could delay by a few weeks the date when airlines can take delivery of their new planes.
*Soybeans rally as export demand tightens supplies. *Wheat to 3- month high on short covering, Ukraine jitters. Wheat futures hit a three-month top on follow-through technical buying after strong gains this week and jitters about political instability in Ukraine, a major corn and wheat exporter.
*Russia says US sanctions over Ukraine would boomerang back. NEW YORK, March 7- U.S. oil rose more than $1 a barrel on Friday as Western relations with Russia worsened over the crisis in the Ukraine and U.S. job growth accelerated by more than expected in an upbeat sign for oil demand.
*Poll pegs Brazil 2014/ 15 coffee crop at 48.9 million bags. NEW YORK/ LONDON, March 7- ICE arabica coffee futures rose on Friday as resistance near the key psychological level of $2 slowed a sharp rally triggered by dry weather this year in top grower Brazil.
*Wheat up 8 pct for week on short-covering, Ukraine jitters. Wheat hit a three-month high and several soybean contracts hit life-of-contract highs, but both markets pared gains by midsession. At the Chicago Board of Trade at 11:45 a.m. CST, benchmark May corn was down 5 cents at $4.86 per bushel after reaching $5.02-1/ 2, its highest level since early September.
WINNIPEG, Manitoba/ OTTAWA, March 7- Canada's government took the drastic step on Friday of forcing the country's two major rail companies to ship at least 500,000 tonnes of grain each a week to ease a massive backlog that is hurting farmers.
*Poll pegs Brazil 14/ 15 coffee crop at 48.9 mln bags. NEW YORK/ LONDON, March 7- ICE arabica coffee futures rose on Friday, as resistance near the key psychological level of $2 slowed the sharp rally triggered by dry weather earlier this year in top grower Brazil.
CHICAGO-- Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Wheat for May delivery was 10 cents higher at 6.56 a bushel; May corn was 1.50 cents higher at 4.9150 a bushel; May oats were unchanged at 4.6625 a bushel; while May soybeans was 9 cents higher at 14.47 a bushel.
CHICAGO, March 7- The U.S. Securities and Exchange Commission has launched an inquiry into whether high-speed trader Infinium Capital Management violated federal securities laws, according to a SEC letter obtained by Reuters.
CHICAGO-- The Illinois Department of Employment Security says the state's unemployment rate was 8.7 percent in January, down from the previous month's revised rate of 8.9 percent. Illinois' unemployment rate remains well above the national average of 6.6 percent.
NEW YORK-- Adam Lambert has never paid attention to the haters, and he won't start now as the lead singer for the rock band Queen on their upcoming summer tour. That's not why we do this, "Lambert told The Associated Press.
NEW YORK, March 6- Gold rose 1 percent on Thursday, nearing four-month highs hit earlier in the week, as the dollar tumbled against the euro and oil, copper and corn climbed too, pushing commodities broadly higher. Gold prices were boosted by the European Central Bank's decision not to take fresh action to inject liquidity into the euro zone market.