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Top News & Analysis Chicago

  • *Forecast underscore importance of China to planemakers. FARNBOROUGH, England, July 17- Boeing raised its rolling 20- year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry's resilience to rising global trade tensions. That would be worth $6.3 trillion at list...

  • CHICAGO, July 17- Before the U.S.- China trade war, American pig processors exported nine out of every 10 pigs' feet and heads they shipped overseas to China and Hong Kong- for prices higher than they would fetch anywhere else. The pipeline for these profitable pig parts, known collectively as offal, is closing fast after China slapped two tariffs on U.S. pork...

  • *Wheat supported by crop problems in Europe and Black Sea region. HAMBURG, July 17- Chicago soybean and corn futures rose on Tuesday after the U.S. Department of Agriculture said the condition of both crops in the United States is declining. Wheat rose after suffering sharp losses on Monday, recovering on expectations for smaller crops in rival exporters to the...

  • *Forecast underscore importance of China to planemakers. FARNBOROUGH, England, July 17- Boeing raised its rolling 20- year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry's resilience to rising global trade tensions. Rising oil prices and interest rates,...

  • *Forecast underscore importance of China to planemakers. FARNBOROUGH, England, July 17- Boeing raised its rolling 20- year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry's resilience to rising global trade tensions. Rising oil prices and interest rates,...

  • Air travel has been on a sharp uptrend fuelled by emerging economies, and China looks set to overtake the United States as the world's biggest domestic air travel market in 10-15 years, Boeing's vice-president of commercial marketing Randy Tinseth told a press briefing. The growth of China's domestic market, and its insatiable demand for aircraft made by both...

  • SINGAPORE, July 17- Chicago soybean and corn futures rose more than 1 percent each on Tuesday, supported by a slight decline in the condition of both crops which have benefited from near-perfect weather across the U.S. The most-active soybean contract on the Chicago Board Of Trade gained 1.1 percent to $8.55 a bushel by 0248 GMT, adding to last session's 1.4...

  • *The most active soybean futures on the Chicago Board Of Trade were up 1 percent to $8.54-1/ 4 a bushel by 0059 GMT, near the session high of $8.55-1/ 2 a bushel- the highest since July 12. *The USDA said 72 percent of the U.S. corn crop is in good to excellent condition, behind market expectations. *The USDA said 69 percent of the U.S. soybean crop is in good to excellent...

  • WILMINGTON, Del., July 16- International Business Machines Corp on Monday asked a U.S. jury to award it $167 million in a lawsuit accusing e-commerce marketplace operator Groupon Inc of using patented technology without authorization. IBM lawyer John Desmarais told a jury in federal court in Delaware that Groupon infringed patents describing foundational...

  • *Energy stocks fall as crude prices tumble. NEW YORK, July 16- The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season. The company missed Wall Street forecasts for U.S. and international subscribers.

  • NEW YORK, July 16- The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season. Netflix shares, which ended up 1.2 percent, dropped more than 12 percent in extended trading after it missed Wall Street...

  • *Energy stocks fall as crude prices tumble. NEW YORK, July 16- The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong U.S. earnings season. Oil prices slumped more than 4 percent as Libyan ports reopened and traders eyed...

  • NEW YORK, July 16- The price of oil tumbled more than 4 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank. Oil slumped as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.

  • CHICAGO— In a story July 15 about a CVS manager who called police on a black customer, The Associated Press erroneously reported he was a state delegate for Donald Trump's 2016 presidential campaign. The manager claimed on a campaign website that he was a Trump delegate, but the Illinois Republican Party said he wasn't a delegate to the Republican National...

  • CHICAGO, July 16- U.S. soybean futures jumped on Monday after dropping to their lowest prices in a decade earlier in the session, as the U.S.- China trade dispute looms over agricultural markets. The trade dispute has pressured prices because soybeans are the most valuable U.S. agricultural export to China, the world's top buyer of the oilseed.

  • *Energy stocks fall as crude prices tumble. NEW YORK, July 16- U.S. stocks mostly edged lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financial stocks as Bank of America's results reinforced expectations of a strong U.S. earnings season. Crude oil prices fell about 4 percent as concerns about supply disruptions...

  • NEW YORK, July 16- Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. Falling prices offset gains late last week caused by supply outages in Libya, a labor dispute in Norway and unrest in Iraq. Russia and other oil producers could...

  • CHICAGO, July 16- U.S. soybean futures jumped on Monday after dropping to their lowest prices in a decade earlier in the session, as the U.S.- China trade dispute weighed on agricultural markets. The trade dispute has pressured prices recently because soybeans are the most valuable U.S. agricultural export to China, the world's top buyer of the oilseed.

  • A CVS store 

    CVS Health is apologizing after a black customer says white store managers in Chicago accused her of trying to use a phony coupon.

  • LONDON— Aviation is soaring: Passenger traffic is up, fuel prices are under control and rising demand from Asia is driving aircraft orders. "Well over of 80 percent of U.S. commercial aerospace is exported," said Richard Aboulafiah, a respected aviation analyst at the Teal Group. Boeing and Airbus, its European rival based in Toulouse, France, dominate the commercial...