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Top News & Analysis North America

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  • *Soybeans steady as China worries ease. PARIS/ SINGAPORE, Sept 3- U.S. and European wheat futures slipped to new contract lows on Thursday as a tender by top importer Egypt kept attention firmly on stiff competition in well supplied export markets. Soybeans inched higher as investor worries about China, the world's biggest soybean buyer, abated.

  • CHICAGO/ NEW YORK, Sept 2- The closure of two ethanol plants this week and proposed sale of a third highlight the growing challenges faced by small producers located far from cheap feedstock supplies in the U.S. The biggest producers such as No. 1 Archer Daniels Midland Co and Green Plains Inc said they have benefited this summer from better-than-expected fuel...

  • DODGEVILLE, Wis. _ Lands' End Inc. on Thursday reported fiscal second-quarter profit of $7.5 million. The Dodgeville, Wisconsin- based company said it had profit of 23 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON— The Institute for Supply Management reports on growth at U.S. service firms in August. The ISM will release its services index Thursday at 10 a.m. Eastern. SLOWER EXPANSION: Economists expect the index fell modestly in August to 58.3, down from a 10- year high of 60.3 in July, according to a survey by the research firm FactSet.

  • CHICAGO _ Methode Electronics Inc. on Thursday reported fiscal first-quarter profit of $23.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Four analysts surveyed by Zacks expected $210 million.

  • WASHINGTON— The Labor Department reports on the number of people who applied for unemployment benefits last week at 8:30 a.m. Eastern Thursday. Hiring at that pace would reinforce the resilience of the U.S. economy amid uncertainty about China's financial health, a Canadian economy that just slid into recession and the stock market sell-off of the past...

  • WASHINGTON— The Commerce Department reports on the U.S. trade gap for July at 8:30 a.m. Eastern Thursday. US DEMAND: The deficit in June widened by 7 percent to $43.8 billion, up from $40.9 billion in May, as solid consumer spending pulled in more imports while the strong dollar restrained exports. Labor disputes at West Coast ports in the first quarter delayed...

  • MILWAUKEE _ Joy Global Inc. on Thursday reported fiscal third-quarter profit of $44.9 million. Joy Global expects full-year earnings to be $1.80 per share, with revenue expected to be $3.1 billion. Joy Global shares have dropped 52 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 5 percent.

  • *Iceland produces enough energy to power 1.65 million homes in a year, far more than its 300,000- strong population, according to 2013 data from Iceland's energy authority and Reuters calculations. *Cables connect Iceland to the United States via Greenland and Canada, to Britain and to mainland Europe via Denmark and Germany. *Iceland plans to expand this...

  • *Zarxio priced at 15 pct less than Amgen's Neupogen. *Amgen unsuccessful in attempt to block Zarxio launch. The arrival of biosimilars threatens companies heavily reliant on biotech drugs, such as Amgen, AbbVie and Roche, and Citigroup analysts have predicted a transfer of at least $110 billion of value from innovator companies to copycat producers in the next...

  • LOS ANGELES— An educational video game has been edited following a social media backlash over a scene depicting slaves being packed into a ship. The scene was also removed from the official trailer for the title, which was originally released by Copenhagen- based developer Serious Games Interactive in 2013.. "Slave Trade," which is intended to teach children ages...

  • *Ukraine simmers after moves to give more autonomy to rebels. *Chances of fulfilling end-of-year aims of Minsk deal seem dim. *Poroshenko sees hope in West keeping sanctions on Russia.

  • NEW ORLEANS— BP is going back to a federal appeals court in a case involving businesses' damage claims from the 2010 oil spill in the Gulf of Mexico. Now, BP is seeking restitution and interest on some of the money paid out prior to October 2013— before the revision was approved. A three-judge panel of the 5th U.S. Circuit Court of Appeals will hear arguments Thursday.

  • ZURICH/ LONDON, Sept 3- Novartis kicked off a new era in U.S. medicine on Thursday with the launch of the first "biosimilar" copy of a biotechnology drug approved in the United States, following a green light from a U.S. appeals court. Novartis unit Sandoz said Zarxio, its form of Amgen's white blood cell-boosting product Neupogen, would increase access to an important...

  • DALLAS— More than 14.2 million people are expected to fly over the seven days surrounding the Labor Day holiday, a 3 percent increase from last year, according to Airlines for America, the industry's trade and lobbying group. For instance, 1.14 million people are expected to use intercity buses, an increase of 5 percent compared to last year, according to the...

  • In the wake of a half-dozen fiery crashes this year, The Associated Press surveyed nearly a dozen cities with populations of more than 250,000 to gauge how prepared they are to respond to an oil-train derailment. —Variety of tabletop exercises and training exercises have taken place in and around Chicago involving railroads, first responders and government...

  • *California senate to vote on revised bill. SYDNEY, Sept 3- The Australian government is under fire for lobbying the California legislature to stop a ban on the sale of kangaroo products in the U.S. state, a restriction the industry argues would cripple exports of the marsupials' meat and leather. The California senate will vote on Thursday on a bill to extend a...

  • SAN FRANCISCO, Sept 2- A U.S. judge on Wednesday granted final approval to a $415 million settlement that ends a high profile lawsuit in which workers accused Apple, Google and two other Silicon Valley companies of conspiring to hold down salaries. The plaintiffs alleged that Apple Inc, Google Inc, Intel Corp and Adobe Systems Inc agreed to avoid poaching each...

  • After a series of fiery crashes, The Associated Press conducted a survey of nearly a dozen big cities that, collectively, see thousands of tank cars each week, revealing a patchwork of preparedness. The AP surveyed emergency management departments in Chicago; Philadelphia; Seattle; Cleveland; Minneapolis; Milwaukee; Pittsburgh; New Orleans; Sacramento,...

  • LONDON— World stocks rose Thursday as a holiday in China gave investors a break from its torrid markets and the European Central Bank was expected to confirm its willingness to provide more stimulus to the eurozone, if needed. KEEPING SCORE: In Europe, France's CAC 40 was up 1.2 percent to 4,608.24 and Germany's DAX added 1.5 percent to 10,195.17.