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Top News & Analysis Illinois

  • WASHINGTON— President Donald Trump's budget chief delivered a spirited defense of the plan's deep spending cuts, but his agriculture secretary offered only a half-hearted endorsement of proposed reductions to farm subsidies and food stamps. A day after the budget's release, a handful of senior administration officials fanned out on Capitol Hill on...

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • SINGAPORE, May 24- Chicago soybean futures slid for a second session on Wednesday while corn edged up after closing lower the previous day, with easing concerns over planting delays in the U.S. grain belt adding pressure to grains markets. The Chicago Board Of Trade most-active soybean contract lost 0.4 percent to $9.44-1/ 2 a bushel by 0322 GMT, having closed down...

  • *The USDA estimated that U.S. soybean plantings were 53 percent complete, above the five-year average of 52 percent. *Soybean futures drew underlying support from a USDA announcement that private exporters in the last day sold 126,000 tonnes of old-crop U.S. soybeans to unknown destinations. *Oil prices settled a bit higher on Tuesday as expectations of an...

  • The biggest savings would come from cuts to the Medicaid healthcare program for the poor, which are embedded in a Republican healthcare bill passed by the House of Representatives. Trump wants lawmakers to cut at least $610 billion from Medicaid and more than $192 billion from food stamps over a decade. The White House said its proposed tax cuts would help fuel...

  • The company did not say more about a potential offer that its Glencore Agriculture Ltd unit made to Bunge. Shares of Bunge surged earlier on Tuesday after the Wall Street Journal reported that commodities trader Glencore Plc has approached the U.S. agribusiness group about a takeover. The report comes amid heightened expectations of consolidation among...

  • Although it is not expected to survive on Capitol Hill, the proposal puts numbers on Trump's vision of the role of government: a budget with radical cuts to government assistance to lower-income Americans. The biggest savings would come from cuts to the Medicaid healthcare program for the poor made as part of a Republican healthcare bill passed by the House of...

  • May 23- Shares of Bunge Ltd surged on Tuesday after the Wall Street Journal reported that commodities trader Glencore Plc has approached the U.S. agribusiness group about a takeover. The report comes amid heightened expectations of consolidation among large grain traders as a global oversupply and thin trading margins have squeezed the core grain trading...

  • Although it is not expected to survive on Capitol Hill, the proposal puts numbers on Trump's vision of the kind of budget he seeks: one with radical cuts to government assistance to lower-income Americans. The Pentagon would get a spending hike, and there would be a $1.6 billion down payment to begin building a wall along the border with Mexico, which was a central...

  • May 23- Shares of Bunge Ltd surged about 16 percent on Tuesday after a media report suggested the U.S. agribusiness a takeover target of commodities trader Glencore PLC. It is unclear where any discussions between the companies stand and there may not be any deal, sources familiar with the matter told The Wall Street Journal. Shares of Bunge, which had a market...

  • *USDA report shows corn, soy seeding pace near average. *Wheat sags on surprise improvement in USDA crop ratings. The USDA estimated that U.S. soybean plantings were 53 percent complete, above the five-year average of 52 percent.

  • May 23- Target Corp on Tuesday agreed to pay $18.5 million to settle claims by 47 states and the District of Columbia and resolve a multi-state investigation into the retailer's massive data breach in late 2013.. The investigation led by the Attorneys General of Connecticut and Illinois found that cyber attackers had accessed Target's gateway server...

  • May 23- Retailer Target Corp reached an $18.5 million settlement with 47 states and the District of Columbia over a massive data breach in late 2013.. The investigation led by the Attorneys General of Connecticut and Illinois found that cyber attackers had accessed Target's gateway server through credentials stolen from a third-party vendor, NY Attorney...

  • The Pentagon would get a spending hike, and there would be a $1.6 billion down payment to begin building a wall along the border with Mexico, which was a central promise of Trump's presidential campaign. The biggest savings would come from cuts to the Medicaid healthcare program for the poor made as part of a Republican healthcare bill passed by the House of...

  • ALBUQUERQUE, N.M.— Route 66, the historic American roadway that linked Chicago to the West Coast, soon may be dropped from a National Park Service preservation program, which would end years of efforts aimed at reviving old tourist spots in struggling towns. A federal law authorizing the Route 66 Corridor Preservation Program is set to expire in two years, and some...

  • PORTSMOUTH, N.H.— The federal Consumer Product Safety Commission has announced the voluntary recall of 6,300 electric stoves in connection with the electrocution death of a plumber last year. The rangers were manufactured by Arçelik A.S. of Turkey. The announcement references the Aug. 2016, death of a 52- year-old New Hampshire plumber who was electrocuted...

  • The proposal in its current form is unlikely to be approved by lawmakers as they craft their own tax and spending plans but the document sets out Trump's budget priorities and lays down a marker with Congress. The biggest savings would come from cuts to the Medicaid healthcare program for the poor made as part of a Republican healthcare bill passed by the House...

  • CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for July delivery was. 20 cent higher at $4.3440 a bushel; July corn was down. 60 cent at $3.7420 a bushel; July oats was down. 20 cent at $2.4640 a bushel while July soybeans gained. 60 cent to $9.5720 a bushel. June live cattle was. 08 cent higher at $1.24 a pound; May feeder cattle...

  • WASHINGTON, May 23- The White House on Tuesday will ask Republicans who control the U.S. Congress- and federal purse strings- to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit. More than $800 billion would be cut from the Medicaid healthcare program for the poor and more than $192...

  • WASHINGTON, May 23- The White House on Tuesday will ask Republicans who control the U.S. Congress- and federal purse strings- to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit. More than $800 billion would be cut from the Medicaid program for the poor and more than $192 billion from...