Top News & Analysis Chicago

  • NEW YORK, March 22- As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. In the immediate term, markets could be roiled depending on what or if any information is released from Special Counsel Robert Mueller's report on his investigation into Russia's role in the...

  • *U.S. lawmaker urges Boeing, FAA employees to come forward. WASHINGTON/ JAKARTA, March 22- A U.S. lawmaker on Friday urged current or former Boeing Co and Federal Aviation Administration employees to come forward with any information about the certification program for the 737 MAX, which has suffered two fatal crashes in five months. Boeing and the FAA are under...

  • point@ NEW YORK, March 22- As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. In the immediate term, markets could be roiled depending on what or if any information is released from Special Counsel Robert Mueller's report on his investigation into Russia's role...

  • JAKARTA/ CHICAGO, March 22- Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets because some passengers say they would be frightened to board the plane after two fatal crashes, although industry analysts said the deal was already in doubt. In the United States, American Airlines pilots prepared to test Boeing Co's planned...

  • Midwest has knocked out roughly 13 percent of the countrys ethanol production capacity, as plants in Nebraska, Iowa and South Dakota have been forced to shut down or scale back production following the devastation. Crop damage exceeds $400 million in Nebraska alone, according to Nebraska officials. Ethanol delivered in the Gulf Coast is trading at 15 to 17...

  • JAKARTA/ CHICAGO, March 22- Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets because some passengers say they would be frightened to board the plane after two fatal crashes, although industry analysts said the deal had long been in doubt. In the United States, American Airlines pilots prepared to test Boeing Co's planned...

  • CHICAGO, March 22- U.S. corn futures rose to a 3-1/ 2- week high on Friday as China booked its largest purchase of the grain in more than 5 years and as flooding in the western U.S. The U.S. Department of Agriculture announced corn sales totaling 300,000 tonnes to China on Friday following weeks of rumors that Beijing was poised to make a goodwill purchase of the grain...

  • CHICAGO, March 22- Chinese importers booked their largest U.S. corn purchase in at least 5-1/ 2 years, the U.S. Department of Agriculture said on Friday, a rare sale of the grain in the middle of the U.S.- China trade war. The USDA, via its daily reporting system, said private exporters sold 300,000 tonnes of the grain for shipment in the 2018/ 19 marketing year, which ends...

  • NEW YORK, March 22- As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. Concerns about economic weakness in the United States and abroad and the lack of a U.S.- China trade deal are hanging over the outlook, even as the Federal Reserve's dovish stance on interest...

  • *Ethiopian Airlines emphasizes modernity of its systems. Norwegian said that, according to Boeing, the warning light would not have been able to prevent erroneous signals that Lion Air pilots received before their new 737 MAX plane crashed off Indonesia in October, killing 189 people. Indonesia's national carrier Garuda is the first airline to publicly...

  • Midwest has knocked out roughly 13 percent of the nations ethanol production capacity, as plants in Nebraska, Iowa and South Dakota have been forced to shut down or scale back production following the devastation. Crop damage exceeds $400 million in Nebraska alone, according to Nebraska officials. Ethanol delivered in the Gulf Coast is trading at 15 to 17 cents...

  • CHICAGO, March 21- American Airlines pilots expect to test Boeing Co's 737 MAX software fix on simulators this weekend, the pilots' union told Reuters on Thursday, a key step in restoring their confidence in the jet after two fatal crashes. Boeing has been working on a software upgrade for an anti-stall system and pilot displays on its fastest-selling jetliner in...

  • CHICAGO, March 21- Chicago Mercantile Exchange lean hog futures rallied by their daily trading limits for a second straight day on Thursday on expectations that imports by China would surge as the country's domestic hog herd is ravaged by a deadly hog disease. China, the world's top pork market, has reported 113 outbreaks of the highly contagious African swine...

  • *Boeing to retrofit older planes, install safety alert- sources. WASHINGTON/ JAKARTA, March 21- Boeing Co plans to offer as standard a safety feature that might have warned earlier of problems that possibly played a role in the crashes of Ethiopian and Indonesian planes that killed almost 350 people, two officials briefed on the matter said on Thursday.

  • *Ralph Nader joins campaign for answers. WASHINGTON/ JAKARTA, March 21- Boeing Co plans to offer as standard a safety feature that might have warned earlier of problems that possibly played a role in the doomed Ethiopian and Indonesian plane crashes that killed almost 350 people, two officials briefed on the matter said Thursday. The March 10 Ethiopian Airlines...

  • CHICAGO/ TOKYO, March 21- Biogen Inc and partner Eisai Co Ltd are ending two late-stage trials of their experimental Alzheimer's disease drug aducanumab, a major setback in the quest to find a treatment for the mind-wasting disease and blow to Biogen, which lost more than $18 billion of its value on Thursday. The announcement took a punishing toll on Biogen, whose...

  • *Lion Air crash investigator describes panic in final seconds. JAKARTA/ WASHINGTON, March 21- Indonesian investigators described the panic of pilots grappling with airspeed and altitude problems in the last moments of their doomed Lion Air flight, as comparisons mounted to a disaster in Ethiopia and authorities queued up to question Boeing.

  • *Europe, Canada seek own certification for MAX jets. The same panel, the Senate Commerce subcommittee on aviation and space, will also question FAA officials on March 27, likely about why the regulator agreed to certify the MAX planes in March 2017 without requiring extensive additional training. Initial reports from investigators say there are clear...

  • SINGAPORE, March 21- Chicago wheat futures slid on Thursday as the market took a breather after climbing to a three-week high in the last session when prices were underpinned adverse weather. Soybeans rose for a second consecutive session on hopes for progress in U.S. trade talks with China, while corn edged higher after closing largely unchanged in the last...

  • VALLEY, Neb., March 20- A string of small Missouri towns prepared for the next deluge along the raging Missouri River on Wednesday after flooding wreaked nearly $1.5 billion in damage in Nebraska, killing at least four people and leaving another man missing. High water unleashed by last week's late-winter storm and melting snow has already inundated a large...