ADM said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros ($3 billion) in cash.» Read More
July 31- Bunge Ltd, one of the world's largest agricultural trading houses, on Thursday reported higher-than-expected second-quarter earnings as strong demand and record large soybean crops in the Southern Hemisphere bolstered oilseed processing margins.
WASHINGTON— The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. At 53, Hunter now works three days a week for $9.25 an hour, mopping floors and fixing fryers at two McDonald's restaurants in Chicago. The Gallup Organization has found that consumers' view of the economy is the glummest it's been in seven months.
CHICAGO, July 31- CME Group Inc, the world's largest futures market operator, reported lower-than-expected second-quarter earnings on Thursday, blaming low levels of volatility for weak trading volumes.
July 31- Marathon Petroleum Corp, the third-largest standalone U.S. refining company, said its quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast.
Just 18 months earlier, KFC's sales plunged in China after a supplier violated rules on drug use in chickens. Global fast food chains are rushing to expand in China but even experienced operators face costly pitfalls in a fast-changing food supply industry plagued by repeated safety scandals.
BEIJING— The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.
IRVING, Texas— In a story July 22 about new federal anti-discrimination rules, The Associated Press reported erroneously the value of Exxon Mobil Corp. shares held by investors who supported amending the company's equal employment opportunity statement. Exxon Mobil says it'll follow new anti-bias rules.
There has been a flurry of meetings between biofuel backers and White House officials in advance of the release of the long-delayed targets for the use of renewable fuels this year, which are expected to reach the Office of Management and Budget for review within weeks.
NORTHFIELD, Ill.— Kraft Foods Group Inc. on Wednesday reported net income that declined by 42 percent in its second quarter, and missed analysts' expectations. The Northfield, Illinois- based company said earnings fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, in the same quarter a year ago.
NEW YORK— Boeing said final assembly of its 787-10 plane, a planned larger version of its "Dreamliner" aircraft, will take place in South Carolina. The company says the work will be done in North Charleston, South Carolina, because the plane is too large to efficiently transport it from North Charleston to a facility in Washington state.
OMAHA, Neb.— Federal regulators say Archer Daniels Midland Co. has agreed to settle allegations that it violated Clean Water Act rules at facilities where it stored fuels and oil in Iowa, Missouri and Nebraska.
*U.S crude stocks down 3.7 mln barrels, Cushing down- EIA. NEW YORK, July 30- Oil prices fell on Wednesday, with Brent leading the decline weakened by excess supplies in Europe and Asia, while U.S. crude pared gains despite a larger-than-expected drop in nationwide stockpiles.
July 30- CME Group Inc, the world's largest futures exchange operator, said on Wednesday it would buy derivatives broker GFI Group Inc to expand its reach in the European energy and global foreign exchange markets.
CHICAGO— Grain futures were mixed Wednesday on the Chicago Board of Trade. Wheat for Sept delivery was 7.25 cents lower at $5.2725 a bushel; Sept corn was. 25 cent higher at 3.6175 a bushel; Dec oats were 3.50 cents lower at $3.2975 a bushel; while Nov soybeans declined 13.75 cents to $10.8125 a bushel.
CHICAGO— Once the vagabond of the music festival and touring circuit, Lollapalooza marks its 10th anniversary in Chicago when it opens for three days starting Friday with a lineup including Eminem, Outkast and Kings of Leon. "But I would have to acknowledge that if it were not for Chicago, that beautiful showroom, I don't think we would be in the position we're in now."
PARIS— European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes. Airbus competes fiercely with Chicago- based Boeing Co. in the global market for large civilian aircraft.
HONG KONG, July 30- China's institutional investment in property overseas rose 17 percent in the first six months of this year, with residential investment surging 84 percent, real estate services firm Jones Lang LaSalle said on Wednesday. San Francisco and Chicago followed with $548 million and $365 million, respectively.
The yearlong investigation by Republican staff on the Senate Homeland Security Committee paints a portrait of inspection delays, government errors in risk assessment and industry loopholes in a $595 million terror prevention program passed by Congress in 2006..
The Florida- based software provider ExamSoft Worldwide Inc. said the processing problem created a six-hour backlog that had been cleared by early Wednesday morning.
July 29- Edwards Lifesciences Corp posted stronger second-quarter earnings on Tuesday, propelled by a gain from a legal settlement and higher sales of heart valves that are implanted using a less-invasive procedure than traditional open-heart surgery.