Top News & Analysis Chicago

  • Chicago Board of Trade March corn settled down 1-3/ 4 cents at $3.77-3/ 4 per bushel after dipping to $3.76-1/ 4, its lowest since Feb. 6. Traders are waiting to see if China steps up purchases of U.S. agricultural products as the U.S.-China Phase 1 trade deal goes into effect this weekend, 30 days after its signing on Jan. 15. China has also been booking soybeans from...

  • CHICAGO/ WASHINGTON, Feb 14- American Airlines Group Inc and United Airlines Holdings Inc are pushing back the return of Boeing 737 MAX flights until August and September, respectively, a fresh delay that comes after sources told Reuters that the timing of a key certification flight may not occur until at least April. American is cancelling 737 MAX flights until...

  • CHICAGO/ WASHINGTON, Feb 14- American Airlines Group Inc and United Airlines Holdings Inc are pushing back the return of Boeing 737 MAX flights until August and September, respectively, a fresh delay that comes after sources told Reuters that the timing of a key certification flight may not occur until at least April. American is cancelling 737 MAX flights until...

  • Feb 14- Motorola Solutions Inc said on Friday it had won a $764.6 million jury verdict in a trade secret theft and copyright infringement case against Chinese rival Hytera Communications Corp.. A U.S. jury in Chicago found Shenzhen- based Hytera used Motorola Solutions' confidential documents and copyright-protected source code to compete in the market for...

  • SINGAPORE, Feb 14- Chicago soybean futures ticked lower on Friday but were poised for a second week of gains on expectations that China will soon step up purchase of U.S. beans. "At the moment trade to China is disrupted because of the coronavirus, but China is expected to be back in the market meeting its commitment under the trade deal," said a Singapore- based trader.

  • SYDNEY, Feb 14- U.S. soybean futures edged lower on Friday, but the oilseed was poised for its biggest weekly gain in nearly two months amid expectations that China will soon step up its purchases of North American beans. *Markets also shrugged off concerns that China may not fulfill its pledge to buy large amounts of U.S. soybeans, following the coronavirus...

  • CHICAGO, Feb 13- U.S. soybean futures rose on Thursday, rallying from early declines on short-covering and prospects for China to step up purchases of U.S. supplies as the U.S.-China Phase 1 deal goes into effect in days, traders said. "Traders are trying to position for the potential opening of Chinese markets next week," said Dan Basse, president of Chicago- based...

  • CHICAGO, Feb 13- U.S. soybean futures rose on Thursday, rallying from early declines on short-covering and prospects for China to step up purchases of U.S. supplies as the U.S.-China Phase 1 deal goes into effect in the coming days, traders said. As of 1:05 p.m. CST, the Chicago Board of Trade March soybean contract was up 2-1/ 2 cents at $8.95 per bushel, on track to post...

  • CHICAGO, Feb 13- Kraft Heinz Co on Thursday missed quarterly sales estimates, forecast lower full-year core earnings, and wrote down the value of some businesses- including coffee brand Maxwell House- by $666 million. The Chicago- based company also highlighted "very, very volatile" pork prices due to problems in China including the deadly coronavirus, African...

  • CHICAGO, Feb 13- Kraft Heinz Co on Thursday missed quarterly sales estimates, forecast lower full-year core earnings, and wrote down the value of some businesses- including coffee brand Maxwell House- by $666 million. Shares in Kraft Heinz, which makes Philadelphia cream cheese and Planters peanuts, were down 7.7% in morning trading. Kraft Heinz took a $453...

  • *New cases in China jump under new diagnosis method. Feb 13- Wall Street's main indexes eased from record highs on Thursday, pressured by shares of Cisco after its disappointing quarterly forecast, while a spike in new coronavirus cases in China weighed on the sentiment. "The virus news coming out of China a bit concerning, especially when investors thought it was...

  • *New cases in China jump to 14,840 under new diagnosis method. Feb 13- Wall Street was set to open lower on Thursday after scaling record levels in the previous session, as a spike in new coronavirus deaths and cases in China sent investors scurrying for safe havens. "The virus news coming out of China a bit concerning, especially when investors thought it was all...

  • CHICAGO, Feb 13- American Airlines Group Inc said on Thursday it would launch its first direct U.S. flight to Bangalore from Seattle, a new route meant to meet corporate customers' demand for travel to the center of India's high-tech industry. Alaska Airlines is one of the biggest operators of flights along the West Coast, where businesses from Seattle to San Diego...

  • CHICAGO, Feb 13- Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses- including coffee brand Maxwell House- by $666 million. Thursday's results mark the one-year anniversary of Kraft Heinz reporting a surprise loss and taking a $15.4 billion writedown of...

  • Kraft Heinz posted net earnings of $183 million, or 15 cents per share, compared with a loss of $12.63 billion, or $10.30 cents per share the year earlier. The Chicago- based company, which also makes Philadelphia cream cheese and Jell-O, said sales fell to $6.54 billion from $6.89 billion in the fourth quarter ended Dec. 28, short of the analyst estimate of $6.61...

  • *Jump in coronavirus death toll in China rekindles investor fears. *Market weighs demand effect in wake of U.S.- China trade deal. PARIS/ SINGAPORE, Feb 13- Chicago soybean futures retreated from a two-week high on Thursday as a sharp rise in the death toll from the coronavirus outbreak in China stoked concern about fallout from the disease, including for grain...

  • The Chicago- based company, which makes Oscar-Mayer bacon and Philadelphia cream cheese, said sales fell to $6.54 billion from $6.89 billion in the fourth quarter ended Dec. 28.

  • The death toll in China's Hubei province, the epicenter of the flu-like virus outbreak, rose by 242 to 1,310 as of Wednesday. A record 14,840 cases were reported in Hubei on Thursday, from 2,015 new cases nationwide a day earlier, under a new method for diagnosing cases. The tech conglomerate's third-quarter operating profit fell 99%, pulled down by losses at the...

  • *Virus could reduce Chinese purchases of U.S. goods- White House. SINGAPORE, Feb 13- Chicago soybean futures snapped an eight-session winning streak on Thursday, as a sharp increase in the death toll from a coronavirus outbreak in China stoked fears about demand from the world's top importer of the oilseed. The most-active soybean contract on the Chicago Board of...

  • Feb 12- Several U.S. states said new coronavirus test kits did not work, while others said they were reliable as the United States tried to speed up testing for virus cases, which rose to 14 on Wednesday. The problem is likely reagents, or enzymes, needed to carry out the tests, Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory...