A judge rejected a conservative challenge to insurance subsidies available to people that declined to establish their own online marketplaces.» Read More
WASHINGTON, Jan 15- A federal judge on Wednesday rejected a conservative challenge to health insurance subsidies available to people in the 34 U.S. states that declined to establish their own online marketplaces under President Barack Obama's healthcare law.
WASHINGTON, Jan 10- U.S. corn stocks were below expectations in December and 2013/ 14 carryout will be smaller than expected, the U.S. Department of Agriculture said on Friday, causing corn futures prices to jump as much as 5 percent.
USDA also showed that recent falling prices caused farmers to turn away from wheat plantings in the U.S. On Friday, USDA raised China's 2013/ 14 corn crop by 6 million tonnes to 217 million, and knocked 2 million tonnes off projected imports to 5 million.
Jan 9- Workers at trucking company YRC Worldwide Inc represented by the Teamsters union rejected a contract extension that the company proposed, putting a plan to restructure its debt in jeopardy.
Jan 9- CareFusion Corp agreed to pay $40.1 million to settle a federal government lawsuit accusing it of paying kickbacks to boost sales of a pre-surgical skin treatment, and marketing the product for unapproved uses.
CHICAGO, Jan 6- U.S. grain futures rose on Monday as bitterly cold temperatures threatened to damage dormant wheat crops in the United States and a heatwave put Argentina's corn harvest at risk.
NEW YORK, Jan 6- A blast of Arctic air gripped the mid-section of the United States on Monday, bringing the coldest temperatures in two decades, forcing businesses and schools to close and causing widespread airline delays and hazardous driving conditions.
Low temperatures on Monday morning were expected to hit 5 to 15 degrees Fahrenheit below zero in parts of Kansas and Nebraska, cold enough to destroy some crops through winterkill.
Rains in Argentina expected to bolster corn, soy crops. Corn and wheat also fell at the Chicago Board of Trade, with wheat setting life-of-contract lows. Soybeans declined as rains fell in parts of Argentina, where soy and corn crops have been in need of moisture.
*Rains in Argentina expected to bolster corn, soy crops. Corn firmed on short covering and spreading against soybeans but wheat sagged under the weight of plentiful global supplies, with values on the Chicago Board of Trade setting life-of-contract lows. Soybeans declined as rains fell in parts of Argentina, where soy and corn crops have been in need of moisture.
Friday's $133 to $136 price paid by beef packers surpassed the previous record of mostly $132 in late October, according to analysts and economists. Monthly retail price data showed beef last month at a record $5.41 per lb, surpassing the October record of $5.36, according to the USDA's Economic Research Service.
Dec 26- Cargill Ltd's 1/ 8 CARGIL. UL 3/ 8 beef packing plant in Dodge City, Kansas, which was idled by fire on Monday, is expected to return to normal operations as early as Saturday, a company spokesman said in an e-mail. Cleanup is being conducted at the plant on Thursday, Cargill spokesman Michael Martin said.
Dec 24- Cargill Inc's beef packing plant near Dodge City, Kansas, is expected to be closed until next week as damage is assessed from a minor fire that broke out Monday evening, a company official told Reuters. Mark Elder with the Dodge City Fire Department told local media that the fire started around 9:00 p.m. Monday evening in the kill floor area.
Dec 23- Trucking company YRC Worldwide Inc said it reached an agreement with some shareholders and institutional investors to reduce its debt by about $300 million.
News that computer hackers may have stolen data from some 40 million Target-issued credit and debit cards used in stores from November 27 until December 15 shook up customers shopping the store aisles. At a Target store in Mission, Kansas, shopper John Hallock said he was reluctant to use credit cards because of security concerns.
WASHINGTON, Dec 18- Even as a touch of bipartisan bonhomie settles over Washington with the passage of a budget compromise, conservatives in Congress are planning their next attempt to rein in government spending when the U.S. bumps up against its borrowing limit in the spring.
WASHINGTON, Dec 18- Even as a touch of bipartisan bonhomie settles over Washington with the pending passage of a budget compromise, conservatives in Congress are planning their next attempt to rein in government spending when the U.S. bumps up against its borrowing limit in the spring.
LONDON, Dec 18- President Barack Obama has sufficient authority to lift the ban on U.S. oil exports on his own and does not need approval from Congress.
The company, which is the second largest theater group in the United States behind Regal Entertainment Group, raised about $331 million in the offering, valuing the company at $1.71 billion. AMC is controlled by Beijing- based Dalian Wanda Group, which is headed by Wang Jianlin, the richest man in China according to Forbes.
DETROIT, Dec 16- Every Wednesday, Ford Motor Co's top executives gather before sunrise to work through some of the company's most vexing problems. Mulally, 68, is a top contender to lead Microsoft Corp, according to sources familiar with the software company.