A group of traders has sued CME Group, accusing it of selling market data to high frequency traders, cheating other investors who lacked such access.» Read More
ALBANY, N.Y.— An official familiar with the investigation said the New York Attorney General's Office has issued subpoenas to six firms and sent a letter to another for details about split-second stock trading and any unfair advantages.
*Troop carriers enter east Ukraine bearing Russian, separatist flags. April 16- Brent crude rose toward $110 a barrel on Wednesday on mounting tensions in Ukraine, while prices for U.S. oil were nearly unchanged after a report showed a huge build in stockpiles, which canceled out geopolitical concerns.
*Wheat posts biggest decline in two weeks. *Corn falls on forecasts for improved U.S. planting weather. Wheat led the way, giving up nearly 2 percent on expectations for a turn to better crop weather in the U.S.
NORTHBROOK, Ill.— The U.S. Justice Department announced Wednesday that an Illinois- based pharmaceutical company will pay $7.3 million to resolve allegations involving the marketing of the drug Mycamine. Northbrook- based Astellas Pharma US Inc. manufactures and sells Mycamine, which is used to treat invasive fungus infections.
*Prices fall as China growth beats expectations, stocks rise. NEW YORK, April 16- U.S. Better-then-expected growth in China, the world's largest economy, and a rally in Yahoo shares helped stocks rise for a third straight session.
WASHINGTON, April 16- U.S. economic activity picked up in recent weeks as a weather-related drag lifted, the Federal Reserve said on Wednesday. Chicago reported that growth had picked up, while New York and Philadelphia said activity had rebounded from slowdowns related to severe weather earlier in the year.
NEW YORK, April 16- Federal Reserve Chair Janet Yellen said on Wednesday the U.S. economy appeared to be slowly moving toward full employment, but that it would need help from the central bank for some time to come. "I do think we are seeing very meaningful progress, although clearly... the goal has not been achieved at this point," she told the Economic Club of New York.
*Troop carriers enter east Ukraine bearing Russian, separatist flags. LOS ANGELES, April 16- Brent crude rose close to $110 a barrel on Wednesday due to mounting tensions in Ukraine, while prices for U.S. oil fell after a report showed a huge build in stockpiles in the world's largest oil consumer.
NEW YORK, April 16- The Federal Reserve's still distant decision to raise interest rates will depend on how far the U.S. economy remains from the central bank's employment and inflation goals, and how long it will likely take to meet them, Fed Chair Janet Yellen said on Wednesday.
NEW YORK— Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges.
WEST, Texas— Families of the 15 people killed in a massive explosion at a Texas fertilizer plant have spent the year since the blast navigating the difficult balance between moving forward and digging for answers from the past.
*Corn dips on forecasts for improved U.S. planting weather. "It has been an exciting week thus far for soybeans, and for the old-crop new-crop spreads in particular," Matt Zeller, director of market information at INTL FCStone said in a note to clients.
CHICAGO— Grain futures were mostly higher Wednesday in early trading on the Chicago Board of Trade. Wheat for May delivery was unchanged at 7.0175 a bushel; May corn was 3.50 cents lower at 5.0025 a bushel; May oats were unchanged at 3.99 a bushel; while May soybeans was 7.25 cents higher at 15.0850 a bushel.
CSX Corp. stock declined more than 3 percent to $27.36 in afternoon trading Wednesday. Ward said the Chicago area's cold, snowy winter was especially problematic because all the major freight railroads connect in Chicago and commuter trains use some of the same rails. There is already a long-term plan in place to improve rail traffic through Chicago.
*Wheat firm on U.S. frost, Ukraine crisis. HAMBURG/ SYDNEY, April 16- Soybean futures rose on Wednesday to touch their highest level since July 2013 after large U.S. soybean crushing figures raised expectations for tighter supplies. Plains, coupled with worry the political crisis in Ukraine will disrupt Black Sea grain exports.
NEW YORK— Former New York Mayor Michael Bloomberg announced Wednesday that he plans to spend $50 million this year on a new group that will mix campaign contributions with field operations aimed at pulling 1 million gun-control supporters to the polls, adding a new dimension to his long-running fight for tighter firearms regulation.
BEIJING— Since Malaysia Airlines Flight 370 went missing, some lawyers have claimed they can get several millions of dollars in damages for each lost passenger by taking the cases to the United States.
NEW YORK, April 16- Predicting when the bear market in biotech stocks will hit bottom is a hazardous prospect, but one gauge that factors in the rapid profit growth estimates for many of these companies suggests several are starting to look attractive.
NEW YORK/ CHICAGO, April 16- Just over a week ago, CME Group Inc suffered the worst-ever trading outage on the world's most important agricultural markets, plunging electronic screens into darkness and sending dozens of traders scrambling for Chicago's famous but now often deserted trading "pits".
District Court judge on Tuesday stopped Massachusetts from implementing a ban on the sale of Zogenix Inc's prescription painkiller Zohydro, saying federal law superseded the state's action.