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  • Casey's General Stores discloses $30M tax error Monday, 24 Nov 2014 | 5:27 PM ET

    NEW YORK— Convenience store chain Casey's General Stores said Monday it discovered a $30 million error in its income taxes related to tax credits on ethanol that is blended into gasoline. The company said it paid the IRS $30.4 million in taxes and $1.1 million in interest to correct the error and will revise its financial statements from fiscal 2012, 2013 and...

  • *United Tech, energy stocks keep Dow flat. *Verizon down after Citi downgrade, AT&T follows. Also weighing on the Dow, United Technologies Corp fell 1.4 percent to $108.79.

  • *Market volatile as all await OPEC decision on cuts. NEW YORK, Nov 24- Crude prices ended lower, with Brent below $80 a barrel, after a volatile session on Monday as Russia's offer to add to OPEC output cuts led some to bet the group will agree on a higher production cut than thought when it meets this week. Russia, which needs higher oil prices to support its economy, tried...

  • NEW YORK, Nov 24- Ex-Goldman Sachs trader Jonathan Goldberg's oil fund is up nearly 15 percent on the year, an outlier in a market where some big names such as Astenbeck's Andy Hall are struggling to hold on to profits, industry sources said on Monday. Goldberg's New York- based BBL Commodities Value Fund, which manages almost $380 million, gained about 14 percent...

  • *Soybeans lower on bright South American crop prospects. *Wheat follows corn, soy lower. Soybeans and wheat also declined.

  • FAA chief: Disaster response depends on funding Monday, 24 Nov 2014 | 1:51 PM ET

    CHICAGO— The Federal Aviation Administration outlined steps Monday to improve its security and air traffic control backup systems following the sabotage of a suburban Chicago air traffic control center that disrupted travel nationwide— but said widespread upgrades will require money from Congress. That "inconvenienced passengers, reportedly cost the...

  • DETROIT, Nov 24- Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday. Heather Lennox, Detroit's attorney with law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the city expects to complete a budget that incorporates...

  • NEW YORK, Nov 24- Longtime Wall Street strategist Richard Bernstein hasn't quite gotten used to investors' reactions when he tells them his favorite asset class for 2015 is the same as in 2014- high- yield municipal bonds. Nevertheless, Bernstein said on Monday he sees high-yield munis as an undervalued asset class, with yields in some cases rivaling or exceeding...

  • *Russia adds to speculation on OPEC, offering its own output cuts. NEW YORK, Nov 24- Crude prices pared Monday's early losses as traders and investors speculated OPEC producers might surprise with an cut output above what market players expect when the producer group meets this week. Russia, which needs higher oil prices to support its economy, tried on Monday to...

  • Grain lower, livestock mixed Monday, 24 Nov 2014 | 11:07 AM ET

    CHICAGO— Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $5.3350 a bushel; Mar corn was 2.75 cents lower at $3.8250 a bushel; Dec oats were unchanged at $3.2675 a bushel; while Jan soybeans gained 7 cents to $10.32 a bushel. Feb live cattle was. 10 cent higher at $1.7225 pound; Jan feeder cattle was. 45...

  • Sting tries to help his ailing Broadway musical Monday, 24 Nov 2014 | 8:06 AM ET

    NEW YORK— Sting is hoping his star power can plug up a leaky ship. The singer-songwriter will play the role of an inspirational foreman onstage in "The Last Ship" starting Dec. 9 at the Neil Simon Theatre. The show, with no big stars and a challenging story to sell, brought in only $497,000 last week, less than 40 percent of its $1,243,000 potential and the theater was only...

  • Judge denies bid to halt Illinois fracking rules Sunday, 23 Nov 2014 | 10:13 AM ET

    ST. LOUIS— A judge in southwestern Illinois has denied a bid by a landowners group to suspend the state's new rules for high-volume oil and gas drilling, ruling that the plaintiffs failed to show they would suffer immediate harm if the practice commonly known as "fracking" was to go forward. Madison County Circuit Judge Barbara Crowder rejected the request for a...

  • Analysis: Veto gives Obama edge on immigration Saturday, 22 Nov 2014 | 3:48 AM ET

    "We alone, I say it openly, we the Senate are waiting in our duty to stop this lawless administration and its unconstitutional amnesty," said one of them, Sen. In remarks on the Senate floor, according to his office, he was channeling Cicero, the ancient Roman orator. House Speaker John Boehner and Senate leader Mitch McConnell want none of that.

  • CHICAGO, Nov 21- A judge ruled on Friday that an Illinois law aimed at easing the state's huge unfunded pension liability is unconstitutional, handing a victory to labor unions and state retirees who challenged the law and an initial defeat to the state's efforts to fix its sagging finances. The judge rejected the state's argument that public workers and...

  • WASHINGTON, Nov 21- U.S. House of Representatives Speaker John Boehner said on Friday that President Barack Obama's executive action on immigration had sabotaged chances for bipartisan legislation and vowed to lead a fight to block the order. Obama is set to sign the order, the biggest U.S. immigration changes in a decade, later on Friday at a high school in Las...

  • Wall St Week Ahead-Giving thanks for big stock gains Friday, 21 Nov 2014 | 1:29 PM ET

    NEW YORK, Nov 21- U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows. Citigroup on Thursday wrote that the market was "on the edge of euphoria... causing us to be more cautious," while Goldman...

  • Nov 21- A group of Walmart employees pushing for higher wages said they were planning to protest on Black Friday at 1,600 U.S. stores in areas including Washington and Los Angeles. The group also plans strikes at the San Francisco Bay Area, Sacramento, Chicago, Seattle, Texas, Minneapolis and Tampa among other places. Wal-Mart Stores Inc, owner of Walmart brand...

  • EPA delays decision on ethanol in gas Friday, 21 Nov 2014 | 11:16 AM ET

    A final decision was due before the end of the year on the already-delayed standards, but the EPA said Friday the final rule will now come in 2015.. Meanwhile, next-generation biofuels, made from agricultural waste such as wood chips and corncobs, have not taken off as quickly as Congress had required and the Obama administration anticipated.

  • Grain mostly higher, livestock mostly lower Friday, 21 Nov 2014 | 10:49 AM ET

    CHICAGO— Grain futures were mostly higher Friday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 1.50 cents lower at $5.51 a bushel; Mar corn was 6 cents higher at $3.9225 a bushel; Dec oats were unchanged at $3.2575 a bushel; while Jan soybeans gained 13.50 cents to $10.34 a bushel. Feb live cattle was. 32 cent lower at $1.7150 pound; Jan feeder...

  • Survey suggests economy still slow in rural areas Friday, 21 Nov 2014 | 9:33 AM ET

    OMAHA, Neb.— The economic outlook for rural areas of 10 states in the Plains and the West improved in November, but the monthly survey of bankers doesn't suggest much growth. Creighton University economist Ernie Goss says low grain and energy prices continue to limit the economy in rural areas. Bankers from rural areas of Colorado, Illinois, Iowa, Kansas, Minnesota,...