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Top News & Analysis Indiana

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  • "The size of the increase was a surprise- it is a slap in the face," said Rich Nelson, analyst at Allendale Inc.. Corn and soybean futures fell sharply after the report was released, with Chicago Board of Trade new-crop November soybean futures sliding 5.8 percent to its lowest since mid-June. Corn production was seen at a 13.686 billion bushels, with average yield...

  • Record soybean yields were forecast in eight states, including Minnesota and Nebraska. Harvested soybean acres were seen at a record 83.549 million acres, but down from the USDA's previous outlook. The USDA left its projection for corn-harvested acres unchanged at 81.101 million.

  • *China oil outlook hit by yuan move, non- OPEC output upped. NEW YORK, Aug 11- U.S. crude settled at a more than six-year low on Tuesday after China's currency devaluation raised questions about oil demand in the No. 2 consumer and a new OPEC estimate showed non-member producers are likely to keep output high despite low prices. A BP refinery outage in Whiting, Indiana,...

  • *OPEC raises 2015 non-member production forecast. NEW YORK, Aug 11- U.S. crude settled at a more than six-year low on Tuesday after China's currency devaluation raised questions about oil demand from the No.2 consumer, and a new OPEC estimate showed non-member producers were likely to keep output high despite low prices. "It's time to sell any and all rallies," said...

  • HOUSTON, Aug 11- Heavy damage to the largest crude distillation unit at BP Plc's 413,500- barrel-per-day Whiting, Indiana, refinery will require at least a month to repair, sources familiar with the refinery's plans said on Tuesday. BP spokesman Scott Dean declined to discuss operations at the oil major's largest refinery in the United States.

  • Hummer plant now builds China-bound Mercedes SUVs Tuesday, 11 Aug 2015 | 1:07 PM ET
    Mercedes benz R Class being built at the AM General assembly plant in Mishawaka, Indiana.

    Five years after GM shut down a Hummer plant in Mishawaka, Indiana, the assembly line now cranks out the Mercedes-Benz R Class.

  • In Monday's session, gasoline futures jumped almost 4 percent, heading for its largest daily gain in a month, after BP Plc's 240,000 barrel per day crude distillation unit at its Whiting, Indiana, refinery, was shut by a malfunction on Saturday, sources familiar with operations at the plant said. Brent crude was up $1.47, or 3 percent, at $50.08 a barrel by 12:53 p.m....

  • In Monday's session, gasoline futures jumped about 3 percent, heading for its largest daily gain in a month, after BP Plc's 240,000 barrel per day crude distillation unit at its Whiting, Indiana, refinery, was shut by a malfunction on Saturday, sources familiar with operations at the plant said. Brent crude was up $1.28, or 2.6 percent, at $49.89 a barrel by 11:00 a.m....

  • *Corn down more than 15 pct in 4 weeks of decline. Chicago Board of Trade September corn has lost more than 15 percent in the last four weeks on expectations of near record production in the United States following strong supply from Brazil and Ukraine. Corn had eased 0.4 percent to $3.68-1/ 4 a bushel by 0221 GMT on Friday, wheat gave up 0.3 percent to $5.05-3/ 4 a bushel...

  • *Informa soy estimate, ample world supply curb rally. Showers are easing any concerns about dry spots in Illinois and Indiana, Commodity Weather Group said. Chicago Board of Trade new-crop November soybeans fell 9-1/ 4 cents, or 1 percent, to $9.44 a bushel by 10:08 CDT.

  • Aug 6- Duke Energy Corp reported lower-than-expected quarterly profit and revenue, hurt by higher expenses in its U.S. regulated power business and weakness in its operations outside North America. Duke sells power to 7.3 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky at rates set by state regulators.

  • Illinois stokes debate over U.S. corn yield Wednesday, 5 Aug 2015 | 6:26 PM ET

    CHICAGO, Aug 5- Debate about the size of the autumn U.S. corn harvest revolves largely around one place this summer: Illinois. Rich Nelson, chief strategist for Illinois- based brokerage Allendale, called Illinois a "wild card" in determining the average U.S. corn yield. The northern third of the state generally received normal amounts of rain, while parts of central...

  • DETROIT, Aug 4- General Motors Co said on Tuesday it will spend $877 million to overhaul its pickup truck factory in Flint, Michigan, capping a series of investments to keep production of profitable large pickups and sport utility vehicles rolling through a significant model change expected in 2018.. The Flint investment is part of a plan to expand three U.S....

  • Koch launches broadside against corporate cronyism Sunday, 2 Aug 2015 | 1:30 PM ET
    David and Charles Koch

    Industrialist and conservative donor Charles Koch challenged conservatives to end "corporate cronyism", even if it helps his businesses.

  • WASHINGTON, July 28- Leaders in the U.S. House of Representatives plan to pass a three-month extension of federal transportation funding before leaving Washington on recess, which they could do as early as Wednesday, two Republican lawmakers said on Tuesday. After a meeting with Republican leaders, Representatives John Fleming of Louisiana and Todd Rokita of...

  • The top executive at the maker of Subaru automobiles joked that he would have to wear a helmet on an upcoming trip to the United States. Subaru's U.S. sales have almost doubled in the past four years. Subaru's " Love Promise," in which it pledges to make "a positive impact in the world," has helped build loyal consumers in states like California, New York and Washington.

  • *Oil prices, commodities lower following China equity selloff. *Teva, Allergan jump after $40.5 bln deal. U.S.-listed shares of Chinese companies slid, including Alibaba and Baozun.

  • *Oil prices, commodities lower following China equity crash. *Teva, Allergan jump after $40.5 bln deal. The NYSE showed 459 stocks at 52- week lows, the most in a day since Oct. 15.

  • July 23- Eli Lilly and Co's quarterly sales rose for the first time in seven quarters, helped by demand for its new diabetes and cancer drugs as well as the acquisition of Novartis AG's animal health business. Lilly's net profit fell to $600.8 million, or 56 cents per share, from $733.5 million, or 68 cents per share, a year earlier. It also bumped up the lower end of its...

  • July 23- Eli Lilly and Co said its quarterly revenue rose about 1 percent, helped by demand for its new cancer and diabetes treatments and the acquisition of Novartis AG's animal health business. The Indianapolis- based drugmaker's net profit fell to $600.8 million, or 56 cents per share, in the second quarter ended June 30, from $733.5 million, or 68 cents per share, a...