After corn prices peaked during a 2012 drought, this year's record harvest has pushed prices to lows and forced farmers to postpone purchases.» Read More
WASHINGTON, July 29- More than 17,000 U.S. military personnel and other consumers will receive about $92 million in debt relief as part of a settlement over a lender's alleged improper practices, the U.S. consumer watchdog and 13 states announced on Tuesday.
July 28- Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co..
In a study requested by California Representative Anna Eshoo, the GAO, the investigative arm of Congress, found consumers often were unclear about what online activities consumed the most data and paid ISPs too much either for data they did not use or through overage fees for exceeding data caps.
*Soybeans supported by strong demand led by China. Wheat futures were lower but trimmed losses in the wake of a U.S. Agriculture Department announcement showing a wheat sale to Nigeria and a soybean sale to top importer China.
July 28- Tyson Foods Inc, the biggest U.S. meat processor, said on Monday it would sell its Mexican and Brazilian poultry businesses to bigger global rival JBS SA's Pilgrim's Pride for $575 million.
Tyson outbid Pilgrim's Pride Corp with its $63 per share offer for Hillshire, valuing the Jimmy Dean sausages maker at $8.55 billion. The Cherokee plant will close on Sep. 27, while the Buffalo and Santa Teresa plants are expected to stop operating in the first half of 2015, the company said.
The Cherokee, Iowa, plant will close on Sep. 27, while the Buffalo, New York, and Santa Teresa, New Mexico plants are expected to cease operations in the first half of 2015, the company said.
Midwest but feared as a factor in the decline of U.S. honey bee colonies and other crop pollinators, has been found to be widespread through rivers and streams in Iowa, according to a government study released on Thursday.
WASHINGTON, July 16- Two U.S. senators on Wednesday unveiled a bill prompted by the General Motors Co recalls over defective ignition switches that would make it a crime for corporate officers to conceal dangers posed by their products.
WASHINGTON, July 14- U.S. cigarette maker Reynolds American Inc, in talks to buy rival Lorillard Inc, may have a hard time convincing regulators to approve the deal because of their big shares in the traditional cigarette and fast-growing electronic cigarette markets.
NEW YORK, July 14- Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources familiar with the investigation.
*USDA pegs old-crop U.S. corn, soy stocks above estimates. And the USDA, in a monthly report, raised its forecast for the soybean harvest by 4.5 percent to 3.8 billion bushels. The USDA raised its outlook for U.S. corn inventories at the end of August by 8 percent from June to 1.246 billion bushels, topping analysts' estimates for 1.232 billion.
WASHINGTON, July 11- The United States government forecast on Friday abundant U.S. and world grain, soybean and cotton supplies in the coming year, consistent with the recent steep decline in prices. Corn also fell to the lowest on an active-month basis since August 2010 before finding support near the $4 per bushel level and turning slightly higher.
CHICAGO, July 11- U.S. farmland values have remained strong this summer despite falling crop prices, but that could change heading into the busy annual auction season at year's end, auctioneers say. "I'm surprised how strong land values have been," said Randy Hertz of Hertz Farm Management in Nevada, Iowa.
July 11- Two members of the U.S. Senate Finance Committee, including Chairman Ron Wyden, on Friday asked Gilead Sciences Inc to defend the more than $80,000 cost of its breakthrough treatment for hepatitis C, citing the expense to federal healthcare programs.
July 11- Two members of the U.S. Senate Finance Committee, including Chairman Ron Wyden, on Friday asked Gilead Sciences Inc to defend the more than $80,000 cost of its breakthrough new treatment for hepatitis C, citing the expense to federal healthcare programs.
The Australian Bureau of Meteorology this week said Pacific Ocean surface temperatures are at levels associated with a weak El Nino, but the threshold for the weather event has not yet been breached. El Nino could bring dry weather to Australia, which is already struggling with a drought, and it could also curb its wheat, sugar and cotton production.
CHICAGO, July 9- The cost to produce a BLT, America's favorite summer sandwich, hit a record high of $1.65 in May and will continue to take a bigger bite out of wallets in the coming months, given a pig virus that has ramped up bacon prices and drought-stricken salad crops in California.
July 7- United Airlines said on Monday it plans to outsource more than 630 union jobs at 12 U.S. airports in a cost-saving move. United Airlines would shift these jobs from its payroll and hire other companies to provide the employees, under the outsourcing plan. "This is a bad business decision for United Airlines," Carlson said.
July 7- United Airlines said on Monday it plans to outsource more than 630 jobs at 12 U.S. airports in a cost-saving move. United Airlines would shift these jobs from its payroll and hire other companies to provide the employees, under the outsourcing plan.