Top News & Analysis Illinois

  • April 5- Wall Street fell on Tuesday as investors took gains off the table after a recent rally and ahead of an upcoming quarterly reporting season that is expected to reveal sharply lower earnings. "In front of earnings season you have people pulling back a little bit and trying to consolidate what they have," said Peter Jankovskis, co-chief investment officer at...

  • NEW YORK/ LONDON, April 5- Gold rebounded more than 1 percent on Tuesday, snapping two days of losses as risk appetite evaporated, pushing global stocks lower and knocking the dollar to a 17- month low against the yen. Spot gold was up 1.1 percent at $1,228.31 an ounce by 2:15 p.m. EDT, while U.S. gold futures for June delivery settled up 0.8 percent at $1,229.60 an...

  • NEW YORK, April 5- The sudden closure of the Keystone oil pipeline from Canada has forced Phillips 66 to shut several units at its Illinois refinery, sources said on Tuesday, as the ripple effects of disrupting one of the largest U.S. import lines spread. TransCanada Corp said it had shut its 590,000 barrel per day Keystone pipeline system, which carries light and...

  • CHICAGO, April 5- U.S. soybean futures on Tuesday extended a setback from the nearly eight-month highs reached a day earlier, as wet weather fuelled projections that farmers will plant more fields with the oilseed than previously expected. Rainy, cool conditions in the southern and Midwestern United States could prompt growers to switch 1 million to 2 million...

  • WASHINGTON, April 5- A federal court in New York fined two United Arab Emirates residents more than $2.6 million to settle charges of "spoofing" in the gold and silver futures markets and permanently banned them from trading, the Commodity Futures Trading Commission said on Tuesday. It said on Tuesday that CME Group, the Securities and Commodities Authority of...

  • April 5- Wall Street was set to open lower on Tuesday as the outlook for U.S. interest rates remained cloudy and oil hovered near one-month lows. Adding to the downbeat sentiment were comments by Presidents of the Chicago and Boston Federal Reserves on Monday, supporting an aggressive stance on monetary policy. Traders have priced in only one hike in 2016, with an...

  • *Corn, soy consolidate after swings on USDA planting data. PARIS/ SINGAPORE, April 5- Chicago wheat eased for a second straight session on Tuesday as traders took the view that weather risks to northern hemisphere crops were not severe enough to alter the prospect of more ample supplies next season. Corn also rose slightly as the market consolidated above a 9-1/ 2-...

  • April 4- North Dakota farmer Randy Thompson plans to apply 30 percent less nitrogen fertilizer to his corn this year to save money in the face of crashing crop prices. In Minnesota, Andy Pulk is trucking crop nutrients to his farm from 350 miles away because he found a better price than his local cooperative could offer. Last month, the company cut its full-year...

  • OUAGADOUGOU, April 4- Burkina Faso's cotton association is seeking 48.3 billion CFA francs in compensation from U.S. seed company Monsanto after it said genetically modified cotton led to a drop in quality, association members said on Monday. In an effort to increase yields, the Inter-professional Cotton Association of Burkina began introducing Monsanto's...

  • *Dollar hits over two-week low vs yen of 111.10 yen. NEW YORK, April 4- The U.S. dollar hit its lowest level against the yen in more than two weeks on Monday and was lower against a basket of major currencies on continued expectations of a slow path of Federal Reserve rate increases this year. "You have a continued flow-through from the Yellen comments," said Douglas...

  • NEW YORK, April 4- Oil prices fell more than 2 percent on Monday, with Brent touching one-month lows, as investors doubted that producing countries will freeze output to rein in a worldwide glut. "It appears that the speculative longs that were enticed toward the buyside of the energy complex through most of the first quarter by the upcoming production freeze...

  • NEW YORK, April 4- Oil is in an early bull run despite the notion prices have rebounded too fast, too soon, hedge fund manager Jonathan Goldberg says as his energy-focused investment fund posts a 9 percent gain in the first quarter of this year. "Yes, the market is not as short as it was when prices were $26," Goldberg, manager of the $550 million BBL Commodities Value Fund...

  • April 4- A stem cell therapy developed by Vericel Corp helped reduce deaths and hospitalizations in advanced heart failure patients, according to data from a midstage study, potentially providing a treatment that could delay the need for heart transplants. "It's a little baffling that you're keeping patients alive, but not having any effect on those secondary...

  • NEW YORK, April 4- Oil is in an early bull run despite the notion prices have rebounded too fast, too soon, hedge fund manager Jonathan Goldberg says as his energy-focused investment fund posts a 9 percent gain in the first quarter of this year. "Yes, the market is not as short as it was when prices were $26," Goldberg, manager of the energy-focused $550 million BBL...

  • *Dollar hits two-week low vs yen of 111.32 yen. NEW YORK, April 4- The U.S. dollar hit its lowest against the yen in two weeks on Monday on continued expectations of a slow path of Federal Reserve rate increases this year, but was mostly flat against a basket of currencies after a confident-sounding speech from a top Fed official. The dollar struggled to gain ground...

  • HAMBURG/ SINGAPORE, April 4- Chicago soybean futures rose again on Monday, hitting their highest since August, as an estimate from the U.S. Department of Agriculture of reduced U.S. plantings in 2016 continued to support prices. "The markets today seem to be still showing spillover impact of the USDA report last week, with the estimate of expanded corn sown area in...

  • *Samsung Bioepis files suit against AbbVie in UK. SEOUL, April 4- Samsung Bioepis Co Ltd, which aims to become a force in the fledgling biosimilar drugs industry, has filed a lawsuit against the originator of the world's best-selling drug, to stop it blocking the launch of its own version. The unit of South Korea's Samsung Group, along with partner and minority...

  • SINGAPORE/ BEIJING, April 4- Wang Zhonghai, a 49- year-old farmer in China's top corn producing province of Heilongjiang, plans to switch 80 percent of his land to cultivate soybeans this year as the government ends a near decade-old corn price support scheme. China announced last week it will stop its corn stockpiling programme and allow markets to set prices- a...

  • April 3- New ways of controlling cholesterol, including possibly directly injecting "good" HDL cholesterol into patients, need to be studied following the failure of promising treatments from Eli Lilly, Pfizer Inc and Roche Holding AG, according to top heart researchers. Stephen Nicholls, deputy director of the South Australian Health and Medical Research...

  • Demonstrators, protesting the state of Illinois budget stalemate, rally in the Loop before marching to the Chicago Board of Trade Building where they bolcked all of the entrances to the building on November 2, 2015 in Chicago, Illinois.

    After nine months without a budget, Illinois is facing a multibillion-dollar pile of unpaid bills.