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  • NEW YORK— Pete Meegan had every intention of going back to college, but then he got a summer job in the Chicago trading pits and fell in love with the "roar" of the floor, the excitement of "4,000 people yelling,' Buy! ' "and decided no more classroom for him. On Monday, most futures pits in Chicago and New York, where frenzied buying and selling once helped set prices on cattle...

  • SINGAPORE/ NEW YORK, July 3- Greece's huge global diaspora is dishing out advice to friends and relatives on how to vote in Sunday's referendum and some feel so strongly they are buying expensive tickets to get home to cast their own ballots. One airline put on extra flights and ticket prices have risen for expatriates who want to have a say in whether Greece...

  • Technology, progress bypass Chicago's pit traders Thursday, 2 Jul 2015 | 7:17 PM ET

    CHICAGO, July 2 (Reuters)- Technology has long benefited Chicago's futures exchanges, historians say, even though electronic trading is the final blow for its human brokers, rendering obsolete the "open-outcry" futures pits on the trading floor where they have worked for generations. The rough-and-tumble times of the floor were an iconic part of Chicago, and...

  • CHICAGO, July 2 (Reuters)- Standard& Poor's Ratings Services on Thursday dropped the credit rating for the Chicago Board of Education two notches to BBB, warning the rating could fall further if the financially troubled school district does not produce a "credible" budget. Reaction to the downgrade from the Chicago Public Schools (CPS) and Chicago Mayor Rahm...

  • (For more Reuters coverage of the closing of Chicago's open-outcry futures pits, please see "Chicago Pits: End of an Era," ( http://www.reuters.com/subjects/chicago-pits-close). CHICAGO, July 2 (Reuters)- The cost of membership at Chicago's famous futures trading exchanges has topped $1 million in the past as traders snapped up the chance for benefits like...

  • *First rise in U.S. oil rig count since December- Baker Hughes. *Some caution prevails over long July 4 weekend, Greece and Iran. Pulling crude futures off highs was the latest data on the U.S. oil rig count from Baker Hughes.

  • *Corn hits 2015 highs as Informa trims crop forecast. *Wheat, soybeans end mixed ahead of U.S. holiday weekend. "The latest forecasts shifted the rain to the wettest areas of Indiana, Illinois and Ohio and that is putting some premium back into the market for corn and soybeans," said Brian Hoops, president of Midwest Market Solutions.

  • WASHINGTON, July 2- U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. Nonfarm payrolls rose 223,000 last month, down from 254,000 in May, with construction and government employment unchanged, and the mining sector purging more jobs, the Labor...

  • ATLANTIC CITY, N.J.— Stockton University says developer Glenn Straub isn't serious about buying Atlantic City's former Showboat casino, and its president said Thursday the institution will seek a new buyer for it. Thursday was the deadline for Straub's $26 million purchase to close, but he sued Stockton on Wednesday, asking for the deadline to be extended while...

  • *Corn highest since Dec. 30 as Informa trims crop forecast. *Wheat, soybeans rebound from Wednesday declines. "The latest forecasts shifted the rain to the wettest areas of Indiana, Illinois and Ohio and that is putting some premium back into the market for corn and soybeans," said Brian Hoops, president of Midwest Market Solutions.

  • CHICAGO, July 2 (Reuters)- Thomas Cashman was not long out of law school when his dad, Tom, brought him to the Chicago Board of Trade soybean pit in 1994. The two spent the next 10 years trading side by side, until Thomas moved upstairs to begin trading on computer screens. He later bought seats for his brothers Gene and Ed, both Chicago policemen at the time.

  • Grain higher and livestock mixed Thursday, 2 Jul 2015 | 10:56 AM ET

    CHICAGO— Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for September delivery was unchanged at $5.8850 a bushel; September corn was 1.25 cents higher at $4.2375 a bushel; December oats were unchanged at $2.7150 a bushel; while November soybeans lost 2 cents at 10.2750 cents a bushel. August live cattle was. 48 cent higher at...

  • SYDNEY, July 2- Chicago wheat edged up on Thursday, rebounding from losses of more than 4 percent in the previous session, as concerns over potential crop damage helped offset worries about weak demand for U.S. supplies in the world market. *Chicago Board Of Trade September wheat rose 0.17 percent to $5.89-1/ 2 a bushel by 0100 GMT. *Wheat was under pressure due to the...

  • July 1- Macy's Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexicans. In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at...

  • JEFFERSON CITY, Mo.— Missouri utility regulators on Wednesday denied a company's request to construct a high-voltage power line in Missouri that was planned for a multistate wind energy project. Houston- based Clean Line touted the $2.2 billion project as a way to provide low-cost clean energy and jobs to Missouri, but landowners warned it would hurt farming...

  • JBS USA to buy Cargill pork business for $1.45 billion Wednesday, 1 Jul 2015 | 5:38 PM ET

    JBS USA, a division of Sao Paulo, Brazil- based JBS, and Cargill said Wednesday they have signed an agreement for the $1.45 billion transaction. JBS USA Pork Chief Operating Officer Martin Dooley says it's a strategic investment in the long-term growth of the company's U.S. pork business. Feed mills in Arkansas, Iowa, Missouri, and Texas are included, along with hog...

  • SAO PAULO, July 1- JBS SA, the world's largest meatpacker, said on Wednesday its U.S. division would purchase pork assets from Cargill meat solutions for $1.45 billion, free of debt. The announcement follows a deal announced by Brazil- based JBS on June 21 to purchase Moy Park Ltd, the British unit of rival Marfrig Global Foods SA. The Cargill pork purchase includes two...

  • July 1- Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Credit card data at various Trump properties in the United States, including those in Chicago, Honolulu, Las Vegas, Los Angeles,...

  • CHICAGO, July 1 (Reuters)- For many Chicago commodity traders like Redmond Harkins, little will change when the city's fabled futures pits shut down after more than 165 years of open-outcry dealing. The 27- year veteran dealer will continue taking the hour-long train trip to the storied Art Deco Chicago Board of Trade building on West Jackson Boulevard, where...

  • NEW YORK/ LONDON, July 1- Gold fell on Wednesday, as the dollar strengthened and hopes for progress in the Greek crisis revived after the country told international creditors Athens could accept their bailout offer if some conditions were changed. Spot gold was down 0.3 percent at $1,169.10 an ounce at 3:39 p.m. EDT, still near the previous session's low of...