BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.» Read More
Aug 28- An explosion shook BP Plc's Whiting, Indiana refinery, its largest in the United States, on Wednesday night but a resulting fire had been contained as of 9:30 pm local time, according to a report by WFLD-TV.
WASHINGTON, Aug 27- Tyson Foods Inc, the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its purchase of Hillshire Brands Co.. The attorneys general of Illinois, Iowa and Missouri, all big hog-producing states, joined the settlement that the companies reached with the Justice Department's Antitrust Division.
DETROIT, Aug 27- General Motors Co will shift production of its Cadillac SRX crossover vehicle from Mexico to its plant in Spring Hill, Tennessee, where the company once built vehicles for its defunct Saturn brand, the company and the United Auto Workers union said on Wednesday.
DETROIT, Aug 26- The Chrysler Group's Ram 1500 EcoDiesel was named the top full-size pickup truck in the U.S. market and Toyota's Highlander the top mid-size SUV by Consumer Reports, the magazine said on Tuesday.
Aug 21- Eli Lilly and Co said its experimental psoriasis drug was found to be more effective in clearing skin than a generic treatment and a placebo in late-stage studies. The most common inflammatory disease in the United States- it can occur on any part of the body- it is associated with diabetes and heart disease.
CORALVILLE, Iowa, Aug 20- The Pro Farmer Midwest Crop Tour on Wednesday projected Illinois' corn yield at a record of 196.96 bushels per acre, up from the tour average of 170.48 bpa last year and the three-year tour average of 149.36, according to data provided by the tour.
WASHINGTON, Aug 20- Business backers of the U.S. Export-Import Bank said on Wednesday they hope the institution's charter will be extended temporarily while Congress hashes out a longer-term reauthorization of the bank, which some lawmakers are bent on closing.
CHICAGO, Aug 19- U.S. wheat futures advanced on Tuesday on concerns about reduced supplies from Ukraine, a major exporter, while new-crop soybeans slipped as a widely watched crop tour projected bumper U.S. harvests. Concerns that Ukraine may possibly scale back exports helped fuel gains, said Jerry Gidel, chief feed grain analyst for Rice Dairy in Chicago.
Aug 19- U.S. power company Duke Energy said on Tuesday about 5,000 gallons of fuel was spilled into the Ohio River during a routine transfer of fuel oil at its station near Cincinnati. The spill that took place around 11.15 p.m. ET on Monday was stopped within 15 minutes, the company said.
Aug 14- An Indianapolis church has alleged that JPMorgan Chase& Co mismanaged trust accounts held for its benefit by investing in high cost, risky investments that advanced the firms' interests over its own, according to a lawsuit filed in Indianapolis federal court late on Wednesday.
Aug 14- U.S. cropland prices in the central Plains and southern Midwest were stable in the second quarter of 2014 compared with the previous quarter even though farm income was lower due to falling crop prices, according to Federal Reserve Bank quarterly surveys issued on Thursday.
CHICAGO, Aug 14- The price of quality farmland in the southern U.S. Midwest and Delta region were steady to softer during the second quarter compared to the previous quarter, reflecting lower farm income, the Federal Reserve Bank of St. Louis said on Thursday.
Aug 13- Health Care REIT Inc said it would buy Canada's HealthLease Properties Real Estate Investment Trust in a deal valued at $950 million, including debt, to expand its presence in senior housing and post-acute care segments. In June, Health Care's rival Ventas Inc said it would buy American Realty Capital Healthcare Trust Inc for about $2.6 billion.
Aug 13- Health Care REIT Inc said it would buy Canada's HealthLease Properties Real Estate Investment Trust in a deal valued at $950 million, including debt, to expand its presence in senior housing and post-acute care segments.
China has barred pork imports from six U.S processing plants and six cold storage facilities effective on Wednesday.
*Kate Spade shares plunge 25.4 pct in busiest trading day. Traders rushed to sell the stock of handbag and accessory maker and retailer Kate Spade& Co, which plummeted 25.4 percent to close at $29.00 in its busiest day of trading ever with 52 million shares changing hands.
NEW YORK, Aug 12- Brent crude oil hit a 13- month low on Tuesday as ample North American production outweighed concern over supply from the Middle East, while stocks and the euro were pressured by plunging investor morale in Germany, Europe's largest economy.
*Kate Spade plunges 23 pct in busiest trading day. NEW YORK, Aug 12- U.S. stocks fell modestly on Tuesday afternoon, with energy shares leading losses as investors monitored developments in Russia and Ukraine and the price of oil fell. Russia sent a convoy of 280 trucks carrying humanitarian aid to eastern Ukraine on Tuesday.
NEW YORK, Aug 8- The S&P and Dow both posted their best day since March on Friday, with the market buoyed by news that Russia was ending military drills near the Ukrainian border, while investors overlooked U.S. air strikes in Iraq.
*Major indexes at session high after Russia report. NEW YORK, Aug 8- U.S. stocks rose Friday, with major indexes hitting session highs and erasing losses from the week, buoyed by news that Russia was ending military drills near the Ukrainian border that the U.S. had rapped as being "provocative."