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Top News & Analysis Indiana

  • CHICAGO, Feb 9- Cummins Inc reported a sharply higher fourth-quarter net profit on Thursday, but revenue fell, and the engine maker said difficult market conditions could hurt 2017 results. Cummins reported net income of $378 million, or $2.25 per share, more than double $161 million, or 92 cents per share, a year earlier. Revenue fell to $4.5 billion from $4.8...

  • Feb 8- President Donald Trump's tweets on various. Shares of Nordstrom dropped 0.7 percent and spiked in volume in a one-minute span on Wednesday but were last up 1.5 percent at a session high of $43.42 in early afternoon. tweet for "moving to Mexico and rather viciously firing all of its 300 workers."

  • *Gains among big tech names counter energy declines to lift Wall Street. NEW YORK, Feb 7- Wall Street ended higher on Tuesday boosted by corporate earnings, while the dollar climbed to a more than one-week high on technical buying and political uncertainty in Europe. Brent crude settled down 67 cents, or 1.2 percent, at $55.05 a barrel while U.S. crude ended 84 cents, or...

  • Feb 7- The S&P 500 ended barely higher on Tuesday while the Nasdaq managed to scratch out a new record as gains in big tech names countered energy declines. U.S. equities have rallied sharply after President Donald Trump's election in November, spurred by hopes the Republican-led government will cut regulations and taxes and enact higher infrastructure...

  • *Dow, Nasdaq set intraday records, S&P nears new mark. *Energy sector lags as oil prices fall. Feb 7- U.S. stocks were little changed on Tuesday after key indexes hit record highs as oil prices turned lower and investors grappled with policy uncertainty under President Donald Trump.

  • Feb 7- President Donald Trump's tweets on various companies have drawn much attention, but with the Dow hitting a record high on Tuesday and the S&P 500 also poised to hit a fresh peak, the impact on the shares of those companies has been mostly short lived. United Technologies Corp: Trump tweeted on Nov. 24 about working on a deal with the Dow component to keep jobs at...

  • The company got complaints from eight consumers in Indiana, Texas, North Carolina, Tennessee, Wisconsin and Ohio, who found some sharp metal objects in certain cans. The recall involved certain products under brands Cope, Copenhagen, Husky Brands and Skoal, which were made in the company's Franklin Park, Illinois, facility. The company said it notified the U.S. Food...

  • CHICAGO, Jan 31- U.S. food producers and shippers are trying to speed up exports to Mexico and line up alternative markets as concerns rise that this lucrative business could be at risk if clashes over trade and immigration between the Trump administration and Mexico City escalate. Some U.S. producers of corn, soybean meal and distillers dried grains, an ethanol...

  • *Shares marginally up at $75.05 premarket. Eli Lilly said newer drugs generated sales of $706.7 million in the fourth quarter ended Dec. 31, up from $252.5 million a year earlier. "Newly launched products, including Trulicity, Cyramza, Jardiance and Taltz, led Lilly's volume-driven growth in 2016," said Chief Executive Officer David Ricks, who assumed the role on...

  • *Improving weather bolsters Brazil, Argentina crop prospects. *Wheat, corn pressured by worries about U.S., Mexico trade. As of 11:57 a.m. CST, Chicago Board of Trade March soybean futures were down 26-1/ 2 cents at $10.22-3/ 4 per bushel after dipping to $10.19-1/ 4, the contract's lowest since Jan. 12 CBOT March corn was down 4-1/ 4 cents t $3.58-1/ 4 a bushel and March...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday. Peabody has said it hopes to emerge from its $8 billion bankruptcy in April with a plan that will raise what lawyers called "a monster" $1.5...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday. Peabody has said it hopes to emerge from its $8 billion bankruptcy in April with a plan that will raise $1.5 billion in private capital...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, defended its bankruptcy exit plan in court on Thursday against opponents including state regulators, shareholders, environmental activists and even former executives. Bankruptcy Judge Barry Schermer for permission to begin seeking creditor votes on its plan to slash $5...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, squares off in court on Thursday against opponents of its reorganization plan, including state regulators, shareholders, environmental activists and even former executives. Bankruptcy Judge Barry Schermer for approval to begin seeking creditor votes on its plan to slash $5...

  • Trump, who has threatened to impose 35 percent tariffs on imported vehicles, opened a White House meeting with General Motors Co CEO Mary Barra, Ford Motor Co's Mark Fields and Fiat Chrysler Automobiles NV's Sergio Marchionne by saying he wanted to see more auto plants in the United States. In return, the new Republican president has vowed to cut regulations and...

  • Peabody's plan to slash $5 billion of debt has the support of the vast majority of its creditors but is opposed by Indiana, Missouri, environmental groups and certain former employees, creditors and shareholders. In a filing with the U.S. Bankruptcy Court in St. Louis, Lazard's Tyler Cowan, who has been advising Peabody on its restructuring, said the alternative...

  • NEW YORK/ CHICAGO, Jan 24- The Environmental Protection Agency will delay implementation of the Renewable Fuels Standard and the Agriculture Department will pause rules affecting livestock as part of a freeze on regulations imposed by President Donald Trump's administration, trade groups said on Tuesday. Representatives of the EPA and U.S. Department of...

  • President Donald Trump's decision to back out of the Trans-Pacific Partnership trade deal, a $62 billion market for U.S. farmers, provides a fresh threat to a slumping agricultural economy that has grown increasingly dependent on exports. Trump won nearly two-thirds of the rural vote in November, with big agricultural states including Iowa, Nebraska, Ohio and...

  • President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico. Trump, who has threatened to impose 35 percent tariffs on imported vehicles, opened a White House meeting with General Motors Co CEO...

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