Bed bugs have been found at the headquarters of United Airlines in Chicago, with CNBC's Phil LeBeau.» Read More
BUENOS AIRES, Argentina— The government of Argentina will seek criminal charges against representatives of a U.S.-based global printing company that abruptly shuttered its plant in the South American country, the president said Thursday.
CHICAGO, Aug 14- Farmland prices in the U.S. Plains and Corn Belt states were steady to higher in the second quarter despite lower grain profits as crop prices fell, according to Federal Reserve Bank quarterly surveys issued on Thursday.
NEW YORK, Aug 14- Crude oil prices fell more than $2 a barrel on both sides of the Atlantic on Thursday, sunk by weak economic data hinting at softening oil demand and by ample supplies. The U.S. crude contract retreated more than 50 cents in a minute as shares of the exchange-traded U.S. Oil Fund saw high-volume trading.
Aug 14- Farmland prices in the U.S. Corn Belt rose during the second quarter of 2014, bouncing back from a dip in the first quarter, despite outlooks for lower grain profits as crop prices fall, the Federal Reserve Bank of Chicago said on Thursday.
*Sugar traders shrug off Brazil harvest slowdown. NEW YORK/ LONDON, Aug 14- ICE raw sugar futures dropped to a six-month low on Thursday as global oversupply and heavy stocks offset a slowdown in the pace of harvesting in top producer Brazil. "Supplies are good, and physical demand is very slack," said Sterling Smith, a futures specialist with Citigroup in Chicago.
NEW YORK, Aug 14- U.S. crude prices fell more than $1 a barrel on Thursday and retreated more than 50 cents in a minute as shares of the exchange-traded U.S. Oil Fund saw high-volume trading. U.S. crude fell about 60 cents to a then session low of $96.03 between 10:50 and 10:51 a.m. EDT. By 1:09 p.m. EDT, it was down $1.54 at $96.05 a barrel, having fallen to $95.89 earlier.
CHICAGO— Illinois unemployment fell in July to 6.8 percent, the fifth straight monthly decrease in the state's jobless rate and a six-year low, according to figures released Thursday by the state Department of Employment Security. Illinois state officials celebrated the news on Thursday, which Gov. Pat Quinn called a "momentous" day.
CHICAGO— San Francisco- based Yelp Inc. plans to open a new office at Chicago's Merchandise Mart next year. Chicago Mayor Rahm Emanuel and Yelp CEO Jeremy Stoppelman announced the planned expansion Thursday.
CHICAGO, Aug 14- New-crop U.S. soybean futures on Thursday rebounded from a contract low set earlier in the session, while new-crop corn topped a one-week high in a recovery from recent losses. "Light short covering in thin trade is taking place," said Karl Setzer, grain solutions team leader for MaxYield Cooperative in Iowa.
Aug 14- U.S. cropland prices in the central Plains and southern Midwest were stable in the second quarter of 2014 compared with the previous quarter even though farm income was lower due to falling crop prices, according to Federal Reserve Bank quarterly surveys issued on Thursday.
CHICAGO— Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for Sept delivery was unchanged at $5.28 a bushel; Dec corn was 3.50 cents higher at $3.7325 a bushel; Dec oats were unchanged at $3.3150 a bushel; while Nov soybeans gained 6.50 cents to $10.5325 a bushel.
NEW YORK, Aug 14- U.S. stocks edged higher on Thursday after conciliatory comments by Russian President Vladimir Putin eased concerns about the country's tense situation with Ukraine and overshadowed signs of weakness in the European economy.
*Chinese academic took "huge rewards" from Qualcomm- Xinhua. BEIJING, Aug 14- Qualcomm Inc, under investigation for possible monopolistic practices in China, said it had no direct financial links with an antitrust expert sacked from a government advisory post after state media reported he had received payments from the firm.
CHICAGO— A former executive of a Phoenix- based company was indicted on public corruption charges Wednesday in an ongoing federal investigation in Chicago of one of the nation's largest red-light camera programs.
WASHINGTON, Aug 13- U.S. retail sales unexpectedly stalled in July, pointing to some loss of momentum in the economy early in the third quarter. The Commerce Department said on Wednesday that retail sales, which had increased 0.2 percent in June, were in part held back by a second straight month of declines in receipts at auto dealers.
*Soy market digests higher-than-expected USDA stocks view. *Hesitant corn market shrugs off below-consensus USDA yield. On Tuesday, the USDA pegged the U.S. corn harvest at a record 14.032 billion bushels, below analysts' estimates of 14.253 billion, and 2014/ 15 ending stocks at 1.808 billion bushels, below expectations of 2.005 billion.
CHICAGO— Grain futures were lower Wednesday in early trading on the Chicago Board of Trade. Wheat for Sept delivery was unchanged at $5.38 a bushel; Dec corn was 3.25 cents lower at $3.6575 a bushel; Dec oats were unchanged at $3.3250 a bushel; while Nov soybeans loss 7.50 cents to $10.52 a bushel.
Aug 13- Deere& Co on Wednesday posted a lower quarterly profit and cut its full-year forecast as farmers facing a bumper crop and declining grain prices continued to pull back on purchases of the company's tractors, harvesters and other machinery.
Aug 13- Deere& Co posted lower quarterly profit on Wednesday, but still topped estimates, as strong sales of construction and forestry equipment offset declining sales of tractors, harvesters and other farm machinery.
CHICAGO— The amount of cargo moving through Chicago's O'Hare International Airport is increasing, as the city expands runway capacity and builds new cargo facilities. Aviation Commissioner Rosemarie Andolino says "air cargo creates billions of dollars in economic activity and supports thousands of jobs in the Chicago region."