"The USDA had to get rid of it, so we had a fire sale," said Sterling Smith, a futures specialist with Citigroup in Chicago. Man Lake Ltd, of Woodland, California, which sells beekeeping equipment and feed, bought 56 percent of the 79,750 tons that were offered by USDA.» Read More
PORTLAND, Ore.-- The monthly Oregon employment numbers show the state lost nearly 8,000 jobs in September, ending a half-year string of monthly job gains. The state Employment Department said Tuesday the unemployment rate is 8.7 percent, essentially unchanged from the previous month. The rate has ranged between 8.4 percent and 8.9 percent since January.
But in a note to investors on Tuesday Stifel Nicolaus analyst David A. Schick said several current trends are supporting stores like Dick's Sporting Goods, Hibbett Sports Inc. and Big 5 Sporting Goods Corp.. He raised his third-quarter earnings estimate on Dick's Sporting Goods by 2 cents to 38 cents per share.
THE RESULTS: UnitedHealth Group Inc., the nation's largest health insurer, said Tuesday its third quarter net income climbed 23 percent. It earned $1.56 billion, or $1.50 per share, compared to $1.27 billion, or $1.17 per share, in last year's third quarter. A NEW FORECAST: UnitedHealth raised its 2012 earnings forecast for the third time this year.
TORONTO-- The NHL has made a new offer to the players' association that proposes a 50-50 split of hockey-related revenue and a full 82- game season starting Nov. 2. When asked if the new proposal was an improvement over previous offers made by the NHL, Fehr said: "In some respects I think it is.
STATE COLLEGE, Pa.-- Penn State will not renew the contract of athletic director Tim Curley, who has been on leave since being charged last year with perjury and failing to report a child sex abuse allegation against Jerry Sandusky.
GLASS HALF FULL: Investor optimism in Germany rose in October, sending an upbeat signal about Europe's largest economy. ECONOMIC ENGINE: Germany is Europe's biggest economy and its modest recent growth has kept the eurozone as a whole out of recession.
DEBRE ZEIT, Ethiopia-- Bedlu Mamo stood in middle of his field in Ethiopia and cast a wary eye at the new variety of wheat he planted for the first time. As the U.N.' s Food and Agricultural Organization marked World Food Day on Tuesday, experts are reexamining what crops are best produced in Africa, for Africans.
NEW YORK-- Shares of Isis Pharmaceuticals Inc. skidded Tuesday as regulators raised questions about links between the company's experimental cholesterol drug Kynamro and cancer. THE SPARK: Isis and its partner Genzyme will discuss Kynamro with a Food and Drug Administration advisory panel on Thursday.
HEMPSTEAD, N.Y.-- Republican White House challenger Mitt Romney conferred with his debate practice partner while President Barack Obama exercised before his final study review for Tuesday's debate, both hoping it would help them pull ahead in the razor-tight race.
The EU's anti-fraud office sent a report to the Commission after it investigated a complaint by Swedish Match, a tobacco producer. The Commission said that a Maltese businessman had tried to use his alleged contacts with Dalli to get financial benefit from Swedish Match in return for pressing Dalli to influence future tobacco laws on snus.
JA Solar Holdings Co. Ltd. said Tuesday that it has received a warning from the Nasdaq stock market that its closing price has fallen too low over the past month to meet listing requirements. The company has until April 9, get its share price back above $1 and keep it there for 10 straight business days.
CENTRAL BANK OUSTER: Iraq abruptly removed the longtime governor of the country's central bank after he and other bank officials were targeted in an investigation into alleged financial wrongdoing. CENTRAL BANK VETERAN: Sinan al-Shabibi, is seen as a politically independent economist who has led the bank since shortly after the U.S.-led invasion.
PRICES RISE: U.S. consumer prices rose 0.6 percent last month, the Labor Department said Thursday, mostly because of higher gas prices. Excluding the volatile energy and food categories, prices rose only 0.1 percent for the third straight month.
WASHINGTON-- The outlook for the U.S. economy brightened a little Tuesday after reports that consumer prices stayed tame and homebuilder confidence rose to the highest level in six years. It will be front and center Tuesday night when President Barack Obama and GOP challenger Mitt Romney meet at New York's Hofstra University for the second of three debates.
NEW YORK-- Shares of Bankrate Inc. lost about a quarter of their value and fell to an all-time low Tuesday, after the online publisher of financial data predicted third-quarter results that fell far short of Wall Street forecasts.
GROTON, Conn.-- A General Dynamics subsidiary received a $459 million contract modification to provide support services for the Navy's nuclear submarines. It has the possibility of a total value of about $1.2 billion over three years if all options are exercised.
CINCINNATI-- Cintas announced a 10- cent increase to its annual dividend. The new dividend will be paid on Dec. 12 to shareholders of record as of Nov. 9, Cintas said. Shares of Cintas Corp. rose 15 cents to $42.15 in afternoon trading.
PHOENIX-- Arizona voters two years ago overwhelmingly approved a temporary sales tax increase, but the political landscape is significantly different for a new proposal on this year's ballot. Jan Brewer and the Arizona Chamber of Commerce and Industry, oppose the proposal on this year's ballot.
NEW YORK-- Kroger is forecasting stronger growth in the years ahead, as the nation's biggest traditional supermarket operator continues to transform the format of its stores to fend off competitors and keep up with changing shopping habits.
CAIRO-- The Egyptian Football Federation says it has delayed league games indefinitely because police have not given assurances they can secure matches. Federation deputy Hassan Farid tells The Associated Press that the Interior Ministry has not ensured it can safeguard the games.