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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.
CHICAGO-- Grain futures were lower Monday on the Chicago Board of Trade. Wheat for May delivery fell 13.25 cents to $6.4075 a bushel; May corn was 10.75 cents lower at 4.7825 a bushel; May oats sank 23 cents to $4.2325 a bushel; while May soybeans declined 39 cents to $14.1875 a bushel.
NEW YORK, March 10- More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.
NEW YORK, March 10- U.S. oil fell by more than $1 per barrel on Monday, pressured by an unexpected drop in China's exports that stoked fears of a slowdown in the world's second-largest economy. Data from the IntercontinentalExchange showed the same managers raised their bullish Brent positions to their highest since October.
*Profit-taking noted after USDA supply view tops expectations. *China concerns add to pressure on soybeans. Corn futures also sagged, dropping 2.6 percent from the six-month high hit last week, after USDA raised the global supply view.
DETROIT, March 10- General Motors Co said on Monday that the team conducting a probe of the company's ignition-switch recall linked to 13 deaths is being led by the lawyer who investigated Lehman Brothers after the financial services firm collapsed in 2008..
March 10- Minerals Technologies Inc said on Monday it would buy Amcol International Corp, which produces a type of clay used in everything from cosmetics to oil drilling, for about $1.7 billion as Imerys SA bowed out of a month-long bidding war.
Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
CHICAGO-- Grain futures were lower Monday in early trading on the Chicago Board of Trade. Wheat for May delivery was 1.75 cents lower at 6.5325 a bushel; May corn was 5.50 cents lower at 4.8350 a bushel; May oats were unchanged at 4.4625 a bushel; while May soybeans was 13.75 cents lower at 14.44 a bushel.
Bankruptcy in Dallas late Sunday, a move that will temporarily put U.S. legal action on hold against the Japanese company. The company said without U.S. bankruptcy protection it would spend substantial funds defending itself against a U.S. lawsuit seeking class action status that was filed in Chicago federal court.
*Traders squaring positions ahead of USDA supply-demand report. At 9:42 a.m. CDT, Chicago Board of Trade May soybean futures were down 14-1/ 2 cents at $14.43-1/ 4 a bushel. CBOT May corn was down 3 cents at $4.86 a bushel and CBOT May soft red winter wheat was 2 cents lower at $6.52 a bushel.