WICHITA, Kan.— Farmers and ranchers across Kansas are wrapping up the 2014 growing season, marked by rapidly changing fortunes that were buffeted by weather and markets. On the crop side, we certainly had lower prices, "said Dan O'Brien, a Kansas State University extension specialist. The Kansas winter wheat crop bore the brunt of drought conditions that decimated...» Read More
RUSSIAN ENERGY MINISTRY SAYS WITHDRAWS STATEMENT ON MOSCOW AGREING TO HELP EXPORT IRANIAN OIL TO MARKETS.
Aug 5- Gannett Co said on Tuesday it would spin off its print operations, including USA Today, becoming the latest media company to separate slower-growing publishing assets from TV and digital properties.
WASHINGTON, Aug 5- U.S. services sector activity hit an 8-1/ 2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter. "The economy is normal, and a normal economy requires a normal interest rate, not a zero interest rate," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.
MOSCOW, Aug 5- Russia will help Iran to arrange shipments of its oil to markets, Russian Energy Minister Alexander Novak said on Tuesday.
WASHINGTON, Aug 5- Hotel group Marriott is watching the spread of the Ebola virus in Africa but so far it has not hit countries where the group operates, CEO Arne Sorenson said on Tuesday. "The Ebola issue is not a positive one in terms of travel to Africa," Sorenson said in response to a question on the sidelines of the U.S.-Africa Business Forum.
Aug 5- Discount retailer Dollar General Corp is considering a rival bid to Dollar Tree Inc' s $8.5 billion offer for Family Dollar Stores Inc, Bloomberg reported, citing people with knowledge of the matter. Dollar General shares were up 3 percent at $57.62 on the New York Stock Exchange on Tuesday.
OTTAWA, Aug 5- Negotiators for Canada and the European Union have finalized the text of a proposed free trade deal after months of disagreements, a source familiar with the matter told Reuters on Tuesday. The source said the draft text of the treaty would now be sent to Canada's 10 provinces and the EU's 28 member states for their comments.
LONDON/ MILAN, Aug 5- Shares in Fiat fell more than 4 percent on Tuesday, with three traders citing a Chinese press report about a competition probe targeting the Chinese operations of Chrysler, the U.S. carmaker wholly owned by Fiat.
RUSSIAN ENERGY MINISTER NOVAK SAYS RUSSIA AGREES TO HELP EXPORT IRANIAN OIL TO MARKETS- INTERFAX.
FRANKFURT/ MADRID, Aug 5- Bidders are readying indicative offers for the Spanish assets of Germany's top utility E.ON, three sources familiar with the matter told Reuters, adding bids would value the whole portfolio at about 2 billion euros.
*Liberia deploys troops in Lofa County border region. *British Airways suspends Liberia, Sierra Leone flights.
Aug 5- Office Depot Inc warned of weak sales this year as stiff competition from online and mass retailers erodes sales in its North American retail business. Office Depot and Staples Inc have seen their U.S. sales decline as online retailers such as Amazon.com and mass retailers like Wal-Mart Stores Inc attract shoppers with lower-priced offerings.
FRANKFURT, Aug 5- Deutsche Bank named U.S.-Swiss lawyer Nadine Faruque to lead a reform of its regulatory compliance practices, as it battles to cut a long and expensive list of investigations and potential settlements that have dogged it since the financial crisis.
NEW YORK, Aug 5- The volume of shares trading on exchanges globally rose in the first half of 2014 as more investors sought to take part in rising stock markets and more companies went public, the World Federation of Exchanges said on Tuesday.
CRUDE OIL FUTURES FALL $1 PER BARREL ON WEAKER DEMAND IN GASOLINE MARKET.
*Tensions in North Africa, Middle East offset ample supply. NEW YORK, Aug 5- Oil prices tumbled on Tuesday, with Brent crude leading the decline as ample supply in Europe and North America outweighed fears that turmoil in the Middle East and North Africa could disrupt production.
WASHINGTON, Aug 5- U.S. companies pledged new investment in Africa on Tuesday as part of $14 billion in construction, clean energy, banking, and information technology projects to be unveiled by U.S.
DETROIT, Aug 5- Subaru of America said it is recalling about 5,000 older model cars with passenger-side air bag inflators made by Takata Corp that may rupture and break into metal fragments that could harm passengers, the automaker and U.S. safety regulators said on Tuesday.
*Wheat falls after four-day rally. Wheat futures fell in a profit-taking setback after four straight days of gains pushed prices their highest in more than two weeks. At 10:29 a.m. CDT, Chicago Board of Trade soybeans for August delivery were down 10-1/ 2 cents at $12.22 a bushel.