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  • "The FDA has carefully examined and considered the available scientific evidence relevant to its blood donor deferral policy for men who have sex with men, including the results of several recently completed scientific studies and recent epidemiologic data," FDA Commissioner Margaret Hamburg said in a statement. The FDA said the move aligns the policy for...

  • CHICAGO, Dec 23- U.S. farmland rents for 2015 are on track to be down 5 to 10 percent from the top fees of a year ago due to lower grain prices, but landowners remain stubborn about deeper cuts and some are adding clauses to boost revenue if grain prices bounce back. We are still seeing 5-10 percent down from the extreme tops in the really strong markets where cash rents...

  • Crude markets were also supported by expectations for lower U.S. inventories in preliminary data for the week to Dec. 19 due from the American Petroleum Institute. The Commerce Department earlier Tuesday revised up its estimate of U.S. gross domestic product growth in the third quarter to a 5.0 percent annual pace, citing stronger consumer and business...

  • Grain higher, cattle lower, pork higher Tuesday, 23 Dec 2014 | 10:52 AM ET

    CHICAGO— Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for Mar delivery rose 6.75 cents to $6.325 a bushel; Mar corn was 1.75 cents higher at $4.135 a bushel; Mar oats were unchanged at $3.0975 a bushel; while Mar soybeans gained 6.25 cents to $10.52 a bushel. Feb live cattle was. 10 cent lower at $1.6072 a pound; Mar feeder cattle...

  • US STOCKS-Dow, S&P hit record after GDP data Tuesday, 23 Dec 2014 | 9:49 AM ET

    *Q3 GDP revised up to 5 percent annual pace. NEW YORK, Dec 23- U.S. stocks advanced on Tuesday, with both the Dow and S&P 500 building on a four-day rally to set new intraday records after an unexpectedly strong report on economic growth. "That is a solid number, that is really what you want to see, you want to see it in demand," said Jack Ablin, chief investment officer at BMO...

  • *Sterling at 16- month lows, bombarded by UK and U.S. data. NEW YORK, Dec 23- The dollar strengthened on Tuesday after a revised third-quarter U.S. gross domestic product report blew past expectations to register the fastest pace of growth in 11 years. At first blush you have to say it was a very good revision, "said Lou Brien, strategist at DRW Trading in Chicago.

  • *Q3 GDP revised up to 5 percent annual pace. NEW YORK, Dec 23- U.S. stocks were poised for a higher open on Tuesday, putting the Dow and S&P 500 on track to extend a four-day rally after an unexpectedly strong report on economic growth. "That is a solid number, that is really what you want to see, you want to see it in demand," said Jack Ablin, chief investment officer at BMO...

  • Dec 23- U.S. drugstore chain operator Walgreen Co reported a better-than-expected quarterly profit, helped by a record number of prescriptions filled, sending its shares up 3.6 percent. The combined cost savings for Walgreen and Alliance Boots in the quarter were about $140 million. Net income attributable to Walgreen rose 16 percent to $809 million, or 85...

  • Dec 23- A Financial Industry Regulatory Authority arbitration panel ordered Cantor Fitzgerald& Co and BGC Financial LP to jointly pay about $1 million in damages to a former employee for breach of contract. Raymond Walton alleged that Cantor Fitzgerald and BGC Financial failed to pay him agreed-upon amounts. Attorneys for Walton, Cantor Fitzgerald and BGC...

  • Walgreen profit rises 16 pct on record prescriptions Tuesday, 23 Dec 2014 | 7:42 AM ET

    Dec 23- U.S. drugstore chain operator Walgreen Co reported a 16 percent rise in quarterly profit, helped by a record number of prescriptions filled. Net income attributable to the company rose to $809 million, or 85 cents per share, in the first quarter ended Nov. 30, from $695 million, or 72 cents per share, a year earlier. Walgreen's shares were up 2 percent at $76 in...

  • Walgreen fiscal 1st-qtr profit jumps 16 percent Tuesday, 23 Dec 2014 | 7:39 AM ET

    Stronger sales from established stores helped Walgreen trump first-quarter expectations, and the nation's largest drugstore chain said Tuesday that a major acquisition expected to stoke its global reach and buying clout should close next week. In 2012, Walgreen bought a 45 percent share in Alliance Boots, which runs the United Kingdom's largest pharmacy...

  • NEW YORK, Dec 23- In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital- Hanmag went bust. During the financial crisis, regulators were reluctant to let wobbly traders such as Bear Stearns go bust,...

  • UPDATE 1-CBOE to pass regulatory duties to FINRA Monday, 22 Dec 2014 | 3:43 PM ET

    CHICAGO, Dec 22- CBOE Holdings Inc, operator of the biggest U.S. stock options market, will cede regulatory duties to the securities industry's largest independent regulator next week, the company said on Monday. CBOE's Chicago Board Options Exchange and C2 Options Exchange hired the Financial Industry Regulatory Authority, or FINRA, to perform "the majority of...

  • Judge OKs law shielding Michigan from $1.1B payout Monday, 22 Dec 2014 | 2:24 PM ET

    It was designed to ensure that the state is not forced to pay $1.1 billion in refunds in about 134 cases similar to one in which the Michigan Supreme Court in July said IBM was owed roughly $6 million. IBM later challenged the state Treasury Department's ruling that it was not allowed to determine certain tax bases using a formula from a 1970 multi-state tax...

  • Dec 22- A Michigan board on Monday agreed to send nearly $195 million in state funds to Detroit's two retirement systems on Feb. 9 as part of a pivotal deal that helped to end the city's historic bankruptcy, a state spokesman said. The state funds are part of the so-called grand bargain, which includes $366 million from philanthropic foundations and $100 million...

  • Railroads seek one-person crews for freight trains Monday, 22 Dec 2014 | 1:27 PM ET

    OMAHA, Neb.— When American freight trains delivered cargo after World War II, the steam-belching beasts commonly had seven people aboard— an engineer, a conductor, up to four brakemen and a fireman. You have to have two people, "said J.P. Wright, an engineer for CSX railroad in Louisville, Kentucky. The mayor of the Chicago suburb of Barrington asks how one person could...

  • BEIJING/ CHICAGO, Dec 22- China has officially approved imports of a type of genetically modified corn at the centre of a string of lawsuits over U.S. grain shipments, seed maker Syngenta AG said on Monday, ending uncertainty after a five-year review. Beijing has been taking longer than in the past to approve new biotech crops amidst growing consumer sentiment...

  • CHICAGO— Tribune Media sold a 60- acre parcel of land where the printing facility for the Baltimore Sun is located for $46.5 million. Over the summer the company once known as the Tribune Co. split its publishing business from its broadcast operations, now called Tribune Media Co.. Tribune Media has 42 owned or operated local television stations, including WGN...

  • Grain mixed and livestock higher Monday, 22 Dec 2014 | 11:25 AM ET

    CHICAGO— Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $6.3225 a bushel; Mar corn was. 50 cent higher at $4.11 a bushel; Mar oats were unchanged at $3.1050 a bushel; while Mar soybeans gained. 50 cent at $10.39 a bushel. Feb live cattle was 1.10 cents higher at $1.6120 a pound; Mar feeder cattle was. 78...

  • Air China to buy 60 Boeing jets for $6 billion Monday, 22 Dec 2014 | 10:39 AM ET

    NEW YORK— Boeing said Monday that Air China has committed to buying 60 jets in a deal worth more than $6 billion at list prices, although airlines routinely get sharp discounts to sticker prices. The order is for Boeing's 737 jets, including its next-generation 737 and 737 Max airplanes. Shares of The Boeing Co., based in Chicago, rose $2.05 to $128.34 in morning...