Rivers including the Mississippi and Illinois are expected to remain in "major flood stage" through this weekend, as more rain and snow fell on much of the Midwest. NBC News reports.» Read More
NEW YORK-- Shares of diagnostic test maker Myriad Genetics Inc. rose to a three-year high Tuesday, as analysts said actions by the Supreme Court and actress Angelina Jolie could both help the company. On Monday the U.S. Supreme Court upheld Monsanto Co.' s claim that a farmer in Indiana violated one of its patents on soybean seeds.
MERRILLVILLE, Ind.-- NiSource Inc. on Tuesday boosted its quarterly cash dividend by 1 cent, or 4.2 percent, to 25 cents. NiSource said the move is in line with its commitment to a growing dividend for its investors. NiSource shares rose 24 cents to $29.01 in afternoon trading.
May 14- John Lechleiter, the longtime chief executive of Eli Lilly and Co, is recovering from successful surgery to repair a dilated aorta, the U.S. drugmaker said on Tuesday. Lechleiter is recovering and will be closely monitored by the medical staff over the next several days, "following his surgery on Monday, the Indianapolis company said in a statement.
*Sony jumps after hedge fund chief favors spinning off entertainment unit. *Electric carmaker Tesla Motors extends gains on raised sales outlook. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
*Sony jumps after Loeb calls for spinning off entertainment unit. *Tesla Motors jumps in premarket, extending recent gains. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
*Tesla Motors jumps in premarket, extending recent gains. *U.S. shares of Nokia drop after unveiling new phone. "We have had such a big move, and it's been hard to generate much more significant upside in the short term," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.
*Tesla Motors jumps in premarket, extending recent gains. *U.S. shares of Nokia drop after unveiling new phone. NEW YORK, May 14- U.S. stock index futures edged lower on Tuesday as investors paused following a recent rally that repeatedly took the Dow and S&P 500 to record highs.
MUNCIE, Ind.-- First Merchants Corp. will buy CFS Bancorp Inc. for $114.7 million in an all-stock. Shareholders in CFS, based in Munster, Ind., will receive 0.65 shares of First Merchants common stock for each of their CFS shares.
WASHINGTON, May 13- The U.S. Supreme Court ruled on Monday that an Indiana farmer violated agribusiness company Monsanto Co's patent for a type of soybean.
WASHINGTON, May 13- The U.S. Supreme Court ruled on Monday that an Indiana farmer violated giant agribusiness company Monsanto Co's patent for a type of soybean.
*Libya unrest supports crude prices. NEW YORK May 10- Brent and U.S. crude oil ended slightly down on Friday, after trading sharply lower for much of the session, rebounding as the U.S. dollar weakened and on late news reports that more oil would flow through BP Plc's Whiting, Indiana, refinery.
INDIANAPOLIS-- Eli Lilly and Co. said Friday it will stop development of an experimental cancer drug after it failed in a late-stage clinical trial. The company will take a charge of about $30 million in the second quarter, but didn't make changes to its full-year guidance. Shares of Eli Lilly added 4 cents to $54.60 in afternoon trading.
*House, Senate panels plan to draft farm bill next week. WASHINGTON, May 9- Lawmakers are preparing for a second run at writing the new U.S. farm law that ended in a stalemate in 2012, and the biggest obstacle is not likely to be soil conservation or crop subsidies, but the billions spent mostly in cities and towns.
NEW YORK May 8- The spread between Brent and U.S. crude oil futures narrowed sharply in the last half hour of trade on Wednesday fueled by expectations for increased capacity to funnel rising U.S. crude oil production out of benchmark-supply-point Cushing.
TOKYO, May 8- Fuji Heavy Industries Ltd, the maker of Subaru cars, plans to invest $400 million to expand production capacity at its sole U.S. plant in Indiana by around 100,000 vehicles, the Japanese automaker said on Wednesday.
CALGARY, Alberta, May 7- Canadian oil prices edged higher on Tuesday on talk BP Plc plans to begin the start-up of an upgraded crude distillation unit at its 405,000 barrel-per-day Whiting, Indiana, refinery at the end of May.
The Department of Financial Services, at the direction of New York Governor Andrew Cuomo, has subpoenaed 10 companies involved in the business, the governor said on Tuesday. Cuomo announced the subpoenas after the New York Times published a front-page story on April 28 describing the pension advance business.
NEW YORK, May 7- Brent crude oil fell more than $1 on Tuesday after nearly reaching a month's high, as weak fundamentals curbed early gains spurred by strong German data and tension in the Middle East.
LONDON, May 7- U.S. coal miners have been among the biggest victims of the shale revolution and tougher emission controls on power plants. U.S. coal miners produced about 1,016 million short tons last year, down just over 7 percent from 1,094 million tons a decade earlier, according to estimates published by the U.S. Energy Information Administration.
May 6- Eli Lilly& Co's longtime Chief Executive John Lechleiter will undergo surgery next Monday for a dilated aorta, but is expected to make a full recovery from the potentially dangerous condition and return to work this summer, the drugmaker said on Monday.