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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.
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USDA has projected U.S. 2013 corn plantings at 97.3 million acres, the largest land area devoted to its production since the 1930 s. Soybean planting progress rose to 24 percent from 6 percent a week earlier, USDA said. USDA will release updated planting data in its weekly crop progress report late on Tuesday.
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After years of grueling battles over state budget deficits and spending cuts, California has a new challenge to deal with: what to do with the unexpected surplus of money, reports the New York Times.
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DETROIT, May 23- Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000.
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DETROIT, May 22- Ford Motor Co is adding a week of production at most of its North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market share. Ford's U.S. rivals, General Motors Co and Chrysler Group LLC, are also limiting downtime this year.
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CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
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We score all the states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
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Three farms in Iowa and one Indiana operation have confirmed cases of the virus, said Dr Lisa Becton, director of swine health information and research for the National Pork Board. The cases in Iowa were located on farms "all across the state, not in one specific area," Becton said.
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May 20- Monsanto Co is hosting a "Bee Summit." Bayer AG is breaking ground on a " Bee Care Center." Monsanto, Syngenta, Bayer and other agrichemical companies say other factors such as mites are killing the bees.
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WASHINGTON, May 17- Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful of states, including Illinois, Delaware, Indiana, Wisconsin, Mississippi and New Hampshire saw their jobless rates rise over the year.
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"Signs of moderation in farmland value gains emerged," the bank said of its district, which includes most of Iowa, Wisconsin, Michigan and northern Illinois and Indiana. " The land price trends mirror what was reported on Wednesday by the Kansas City and St Louis Federal reserve banks for the first quarter.
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Wheat fell on technical selling and seasonal pressure as the U.S. harvest neared, with the Chicago Board of Trade July contract hitting a six-week low.
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*Gold falls for sixth sessions, first time in four years. NEW YORK, May 16- Most commodity markets slipped on Thursday, after a slew of U.S. economic readings pointed to pockets of weakness that investors feared could slow demand, and gold eased as investors rotated into equity markets, which have outperformed the precious metal this year.
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Wheat fell on technical selling and seasonal pressure as the U.S. harvest neared, with the Chicago Board of Trade July contract hitting a six-week low.
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Plains states rose 20 percent in the first quarter from a year earlier, with acreage commanding record prices because of red-hot demand for cropland in the world's biggest food-exporting nation, the Federal Reserve Bank of Kansas City said on Wednesday.
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Plains states rose 20 percent in the first quarter from a year earlier, with acreage commanding record prices because of red-hot demand for cropland in the world's biggest food exporting nation, the Federal Reserve Bank of Kansas City said on Wednesday.
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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.
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*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.
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*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.
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*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.
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*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.
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