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  • Grain higher, livestock lower Tuesday, 2 Jun 2015 | 10:54 AM ET

    CHICAGO— Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for July delivery gained 4 cents to $4.9775 a bushel; July corn was 4.75 cents higher at $3.57 a bushel; July oats were unchanged at $2.4450 a bushel; while July soybeans rose 12.50 cents to 9.3850 a bushel. August live cattle was. 15 cent lower at $1.52 a pound; August feeder...

  • DEARBORN, Mich.— Ford will shorten the traditional summer shut-down at some of its plants for the third consecutive year to meet rising demand. Six assembly plants, as well as supporting powertrain and stamping plants, will shut down for one week beginning June 29, rather than the usual two weeks. Locations include Chicago, Dearborn Truck in Michigan, Kansas City,...

  • JOHANNESBURG, June 2- When Wal-Mart Stores Inc spent $2.4 billion on a stake in South Africa's Massmart five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in sub-Saharan Africa. Massmart's slow inroads into the rest of the continent, touted as the next big growth area, highlight the challenges of doing business in...

  • CHICAGO, June 2- Drugmakers including Bristol-Myers Squibb Co and Merck& Co are testing which patients will most benefit from new cancer treatments based on a protein found in their tumors, but that guide, known as a biomarker, may be too unreliable, researchers and health experts said. Competitors Roche Holding, AstraZeneca and Pfizer also have similar drugs in...

  • June 2- Kraft Foods Group Inc and Mondelez International Inc petitioned a judge to dismiss two counts in a case filed by the U.S. Commodity Futures Trading Commission that alleged the companies manipulated wheat prices. The CFTC in April accused Kraft Foods and Mondelez of making massive bets in Chicago's futures markets in late 2011 as part of a plot to drive...

  • WASHINGTON— The FBI is operating a small air force with scores of low-flying planes across the country carrying video and, at times, cellphone surveillance technology— all hidden behind fictitious companies that are fronts for the government, The Associated Press has learned. The planes' surveillance equipment is generally used without a judge's approval,...

  • DETROIT, June 2- Ford Motor Co said it will produce nearly 40,000 additional vehicles by reducing summer shutdowns at its North American plants to one week from two. The plants affected include one each in Chicago; Dearborn, Michigan; Kansas City, Missouri; two in Louisville, Kentucky; and one in Oakville, Ontario. Ford said in December that it planned to replace the...

  • DIARY- Top Economic Events to June 15 Monday, 1 Jun 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on the U.S. economic outlook and monetary policy at the Center for Strategic and International Studies- 1400 GMT. PARIS- Organisation for Economic Cooperation and Development Forum 2015. PARIS- European Central Bank board member Daniele Nouy speaks at the panel discussion "Unlocking...

  • WASHINGTON, June 1- U.S. consumer spending growth unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. The Commerce Department said April's unchanged reading in consumer spending growth compared with analysts'...

  • Dozens of health insurers say higher-than-expected care costs and other expenses blindsided them this year, and they're going to have to hike premiums for individual policies well-beyond 10 percent for 2016.. The proposed double-digit hikes would apply to plans sold on the health insurance exchanges created under President Barack Obama's law, as well as...

  • *Brent hit by dollar strength, expectation of no OPEC cuts. NEW YORK, June 1- Oil settled down as much as 1 percent on Monday, retreating from Friday's sharp rally on a strong dollar and concern over stubbornly high supplies as OPEC was expected to stick with robust production at its meeting this week. "OPEC continues to produce well above target, and also well above...

  • Matt Zeller, director of market information at INTL FCStone said in a note to clients. Chicago Board of Trade soft red winter wheat for July delivery settled up 16-3/ 4 cents at $4.93-3/ 4 a bushel. K.C. July hard red winter wheat futures were 15-1/ 2 cents higher at $5.14-1/ 4 a bushel and MGEX July spring wheat was 17-1/ 4 cents higher at $5.48 a bushel.

  • WASHINGTON, June 1- U.S. consumer spending unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. We need to see more of a rebound in growth before the Fed pulls the trigger on interest rates, "said Diane Swonk, chief...

  • *Dollar strength, expectation of no OPEC cuts weighs on oil. NEW YORK, June 1- Oil prices fell more than 1 percent on Monday, retreating from the sharp rally of the previous session, on the impact of a strong dollar and worries of stubbornly high supplies as OPEC prepared to meet this week to stick to production targets. "OPEC continues to produce well above target, and...

  • June 1- Foster Farms, one of the top U.S. chicken producers, plans to largely eliminate antibiotics used to treat humans from its poultry production, it said on Monday. The move brings California- based Foster Farms in line with other top chicken producers, including market leader Tyson Foods Inc, that are backing away from using the drugs over concerns about...

  • Grain mixed, livestock higher Monday, 1 Jun 2015 | 10:51 AM ET

    CHICAGO— Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $4.77 a bushel; July corn was 1.50 cents higher at $3.53 a bushel; July oats were unchanged at $2.34 a bushel; while July soybeans lost 2 cents to 9.32 a bushel. August live cattle was. 08 cents higher at $1.5135 a pound; August feeder cattle...

  • SSM Health announced plans Monday to acquire Saint Louis University Hospital as part of a three-way agreement. Saint Louis University is buying the hospital from Dallas- based Tenet Healthcare Corp., then giving it to SSM in exchange for minority financial and governance interest in SSM Health St. "Ultimately, this integrated partnership will provide the...

  • Novel US cancer study will test precision medicine Monday, 1 Jun 2015 | 9:55 AM ET

    The National Cancer Institute's NCI-MATCH trial will be a massive precision medicine experiment at more than 2,400 sites around the country. Douglas Lowy, the Cancer Institute's acting director. Details of the study were revealed Monday at an American Society of Clinical Oncology conference in Chicago.

  • NEW YORK, June 1- The Obama administration has found an unlikely ally in its efforts to keep pushing more biofuel into the nation's gasoline supply: OPEC. "The market incentives are there for ethanol, without this proposal, said Scott Irwin, a professor of agricultural economics at the University of Illinois. The current pace of demand would put ethanol use at some...

  • China import tax cuts no remedy for retail slowdown Sunday, 31 May 2015 | 7:30 PM ET

    SHANGHAI, June 1- China's economic policymakers clearly didn't consult mother-of-one Chen Xuejun when they decided to try stimulating consumer demand by slashing import tariffs on sneakers to skincare. Private consumption now accounts for over half of China's GDP growth, but lags far behind levels in markets like the United States. High Street prices of...