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  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • CHICAGO/ NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps- importing eggs from overseas or looking to egg alternatives. A spokeswoman for Archer Daniels Midland Co said that as egg supplies tighten and prices rise, the food processing...

  • CHARLESTON, W.Va.— Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...

  • WASHINGTON, May 22- A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents. The appeal was spearheaded by Senator Jeff Merkley of Oregon and the letter was signed by other liberals,...

  • CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take such a public stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in...

  • CHICAGO, May 22- The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled. "Coming up with new products is really what keeps us up at night," said Chris Cuddy, president of corn processing.

  • Wal-Mart urges meat suppliers to curb antibiotic use Friday, 22 May 2015 | 1:42 PM ET

    CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take a stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in other...

  • Nevertheless, total egg production rose slightly in April, supported by a greater output of eggs for hatching into meat-producing birds and more egg-laying hens, the USDA reported. The USDA's Animal and Plant Health Inspection Service has since confirmed cases in 54 Iowa flocks containing more than 26 million birds, most of them egg-laying hens.

  • SACRAMENTO, Calif.— The California Assembly on Friday approved one of the nation's toughest bans on plastic, exfoliating microbeads that are polluting waterways. Manufacturers already have pledged to phase out the materials, including L'Oreal, Unilever and Johnson& Johnson, and use natural alternatives such as apricot shells and cocoa beans.

  • LONDON, May 22- U.S. Steel Corp said it is close to filing several anti-dumping complaints with U.S. authorities, adding it is still having to consider idling more plants because of difficult market conditions. The Pittsburgh- based company has idled plants in Indiana, Illinois, Alabama, Texas, Ohio and Arkansas this year. It's no longer a matter of if we're going to...

  • CHICAGO, May 22- Deere& Co on Friday reported a higher-than-expected quarterly profit and raised its full-year outlook after cost cuts helped compensate for weakening demand for its farm equipment. "We are pleased to see Deere management proactively attacking costs... amid the agriculture downturn," Edward Jones equity analyst Matt Arnold wrote in a note for...

  • Grain lower, livestock mixed Friday, 22 May 2015 | 10:53 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $5.22 a bushel; July corn was 2.75 cents lower at $3.6225 a bushel; July oats were unchanged at $2.4425 a bushel; while July soybeans fell 3.5 cents to 9.35 a bushel. August live cattle was. 05 cent lower at $1.5085 a pound; August feeder...

  • NEW YORK, May 22- Global equity markets dipped modestly Friday but remained near record highs, while the yield on U.S. government debt rose as a gain in core consumer prices in April should keep the Federal Reserve on course to raise interest rates later this year. Fed Chair Janet Yellen is expected to acknowledge recent sluggishness in the U.S. economy, including a...

  • *April core price rise revives bets on Fed rate hike. *Fed's Yellen to speak on economy at 1 p.m.. NEW YORK, May 22- U.S.

  • CHICAGO, May 22- A weak global agriculture sector weighed heavily on quarterly results posted by Deere& Co on Friday, but earnings still topped expectations, and the farm equipment maker raised its full-year profit forecast despite a worsening sales outlook. Sales for agricultural equipment in the United States and Canada should fall about 25 percent this...

  • MOLINE, Ill.— Solid sales in its construction equipment offset a global agricultural slowdown for Deere, and the company raised its outlook for the year. In April, builders broke ground on homes at the fastest pace in more than seven years, according to the Commerce Department. Deere said sales of farming equipment fell 25 percent from a year ago to $5.77 billion in...

  • CHICAGO, May 22- Farm equipment maker Deere& Co posted a sharply lower quarterly net profit on Friday as a weak global agriculture sector hurt sales, but still came in handily above market expectations. The Moline, Illinois- based company reported a profit of $690.5 million, or $2.03 per share, for its second quarter ended April 30, down nearly 30 percent from $980.7...

  • Amtrak spokesman Marc Magliari told the Hamilton-Middletown Journal-News that it may make business sense to create a stop in Oxford, 25 miles north of Cincinnati. Miami University, which has more than 1,400 students from Illinois alone, has been working with the city to pursue the stop there. Amtrak's Cardinal Line currently runs from Chicago to New York City...

  • CHICAGO and NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps: importing eggs from overseas or looking to egg alternatives. "Canada is short on eggs and has been buying heavily from the U.S. for the last several years," said Rick Brown, a...

  • 5 things to know as Pyrex brand marks 100th year Friday, 22 May 2015 | 12:56 AM ET

    The Corning Museum of Glass is marking the centennial with an exhibition devoted to the kitchen staple that started the country cooking in glass. Corning scientist Jesse Littleton brought a sawed-off battery jar to his wife, Bessie, who baked a sponge cake in it. Corning developed durable white dishes for military mess halls in the 1940 s, which evolved into the...