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NEW YORK/ LONDON, March 12- New York coffee futures reversed course on Wednesday after setting a two-year high on weather-related concerns over output in top grower Brazil before edging lower as investors cut risk. The second-month ICE contract climbed to a two-year high of $2.0975 per lb before closing down 0.35 cent, or 0.2 percent, at $2.0530 per lb.
NEW YORK/ LONDON, March 12- Gold surged 1.3 percent on Wednesday, hitting a near six-month high as fears of more corporate defaults in China and the geopolitical tug-of-war between Russia, Ukraine and the West boosted bullion's appeal as an insurance against riskier assets.
CHICAGO-- Grain futures were lower Wednesday in early trading on the Chicago Board of Trade. Wheat for May delivery was unchanged at 6.59 a bushel; May corn was 2 cents lower at 4.8125 a bushel; May oats were unchanged at 4.2450 a bushel; while May soybeans was 33.50 cents lower at 13.7950 a bushel.
*Men's Wearhouse to acquire Jos. A. Bank Clothiers. Shares of retailers American Eagle and Urban Outfitters fell sharply after disappointing outlooks. They're just taking some money off the table, "said Frank Lesh, futures analyst and broker at FuturePath Trading LLC in Chicago.
WASHINGTON, March 11- Deborah Hersman, who headed the U.S. National Transportation Safety Board during high-profile investigations into plane crashes and other transit mishaps, said on Tuesday she would leave the agency in April.
CHICAGO-- Grain futures were mostly higher Tuesday on the Chicago Board of Trade. Wheat for May delivery rose 18.25 cents to $6.59 a bushel; May corn was 5 cents higher at 4.8325 a bushel; May oats rose 1.25 cents to $4.2450 a bushel; while May soybeans declined 5.75 cents to $14.13 a bushel.
*Wheat rebounds on concerns about U.S. crop, Ukraine. CHICAGO, March 11- U.S. wheat futures rallied 2.9 percent to their highest level in more than four months on Tuesday, supported by concerns that political unrest in Ukraine will disrupt exports and worries about dry soils limiting U.S. production, traders said.
*Cocoa underpinned by expected 2013/ 14 global deficit. NEW YORK/ LONDON, March 11- Arabica futures extended their steep rally on Tuesday, touching a two-year high as parts of top grower Brazil's coffee belt failed to receive enough rain, while robusta rose to a one-year high.
March 11- Teva Pharmaceutical Industries Ltd agreed to pay $27.6 million to settle charges that it paid kickbacks to a Chicago psychiatrist to induce him to prescribe an anti-schizophrenia drug to patients, resulting in more than 100,000 false Medicaid and Medicare claims.
*Wheat, corn rebound after drop following USDA report. *Wheat also supported by U.S. crop concerns. USDA's weekly state crop reports issued late on Monday showed wheat condition ratings improved in Kansas and Texas but declined in Oklahoma.
CHICAGO-- Grain futures were mostly higher Tuesday in early trading on the Chicago Board of Trade. Wheat for May delivery was 5.25 cents higher at 6.46 a bushel; May corn was 1.75 cents lower at 4.7750 a bushel; May oats were unchanged at 4.2325 a bushel; while May soybeans was 6.25 cents higher at 14.25 a bushel.
SunCoke said it would initially transfer a 33 percent interest in its Haverhill and Middletown cokemaking facilities in Ohio to SunCoke Energy Partners LP. Apart from the two coke plants to be initially transferred to the MLP, the company has plants in Virginia, Indiana and Illinois as well as in Brazil and India.
*USDA report, China trade data trigger soy setback. LONDON, March 11- Soybean prices fell on Tuesday, extending the prior session's steep setback on smaller-than-expected reductions in U.S. Department of Agriculture estimates of domestic stocks and South American production.
WASHINGTON-- A heart doctor and Ivy League university president who also plays the saxophone and flute was named the next leader of the Smithsonian Institution on Monday, combining his love of the arts and sciences at the world's largest museum and research complex. The Smithsonian Board of Regents selected Cornell University President Dr.
DETROIT, March 10- General Motors Co on Monday said it had hired two outside law firms to probe the company's response to ignition-switch problems on cars that have been linked to 13 deaths, but both firms have done business with GM, raising questions of conflict of interest.
Judge Harlin Hale in Dallas granted temporary bankruptcy protection to Mt. Gox, which had filed for bankruptcy protection in Japan in February. Gox said without bankruptcy protection the company would be irreparably harmed by a proposed class action in Chicago federal court and a breach of contract case in Seattle federal court.
*Barra learned of ignition-switch issue two weeks after becoming CEO. DETROIT, March 10- In her first big test as General Motors Co's chief executive, Mary Barra has taken a hands-on approach behind the scenes in directing the automaker's response to ignition-switch problems that have been linked to 13 deaths. Most of the affected vehicles are in North America.