CNBC's Rick Santelli and Jane Ridley, Standard & Poor's analyst, discuss differences and similarities between the finances of the "windy city," versus the "motor city."» Read More
*Barra learned of ignition-switch issue two weeks after becoming CEO. DETROIT, March 10- In her first big test as General Motors Co's chief executive, Mary Barra has taken a hands-on approach behind the scenes in directing the automaker's response to ignition-switch problems that have been linked to 13 deaths. Most of the affected vehicles are in North America.
CHICAGO-- Grain futures were lower Monday on the Chicago Board of Trade. Wheat for May delivery fell 13.25 cents to $6.4075 a bushel; May corn was 10.75 cents lower at 4.7825 a bushel; May oats sank 23 cents to $4.2325 a bushel; while May soybeans declined 39 cents to $14.1875 a bushel.
NEW YORK, March 10- More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.
NEW YORK, March 10- U.S. oil fell by more than $1 per barrel on Monday, pressured by an unexpected drop in China's exports that stoked fears of a slowdown in the world's second-largest economy. Data from the IntercontinentalExchange showed the same managers raised their bullish Brent positions to their highest since October.
*Profit-taking noted after USDA supply view tops expectations. *China concerns add to pressure on soybeans. Corn futures also sagged, dropping 2.6 percent from the six-month high hit last week, after USDA raised the global supply view.
DETROIT, March 10- General Motors Co said on Monday that the team conducting a probe of the company's ignition-switch recall linked to 13 deaths is being led by the lawyer who investigated Lehman Brothers after the financial services firm collapsed in 2008..
Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
CHICAGO-- Grain futures were lower Monday in early trading on the Chicago Board of Trade. Wheat for May delivery was 1.75 cents lower at 6.5325 a bushel; May corn was 5.50 cents lower at 4.8350 a bushel; May oats were unchanged at 4.4625 a bushel; while May soybeans was 13.75 cents lower at 14.44 a bushel.
Bankruptcy in Dallas late Sunday, a move that will temporarily put U.S. legal action on hold against the Japanese company. The company said without U.S. bankruptcy protection it would spend substantial funds defending itself against a U.S. lawsuit seeking class action status that was filed in Chicago federal court.
*Traders squaring positions ahead of USDA supply-demand report. At 9:42 a.m. CDT, Chicago Board of Trade May soybean futures were down 14-1/ 2 cents at $14.43-1/ 4 a bushel. CBOT May corn was down 3 cents at $4.86 a bushel and CBOT May soft red winter wheat was 2 cents lower at $6.52 a bushel.
CHICAGO-- United Airlines canceled more than 11,000 flights in February as a series of winter storms disrupted air travel. Analysts surveyed by FactSet expect a loss of 95 cents per share, compared with a mid-February consensus forecast for a loss of 58 cents per share.
Since the start of the SEC's fiscal year on Oct. 1, the agency's win rate has dropped to 58 percent, from about 80 percent in recent years. 1. SEC v AIC, Inc, et al. 3. SEC v True North Finance Corp, et al.
*Lack of Japan structural reforms frustrates investors. TOKYO, March 10- Japanese shares slipped from a five-week high on Monday morning as disappointing Chinese trade data and uncertainty over the crisis in Ukraine prompted investors to lock in recent gains.
CHICAGO-- Grain futures were mixed Friday on the Chicago Board of Trade. Wheat for May delivery rose 8 cents to $6.54 a bushel; May corn was 2 cents lower at 4.89 a bushel; May oats sank 20 cents to $4.4625 a bushel; while May soybeans gained 19.75 cents to $14.5775 a bushel.
March 8- Malaysia Airlines said it had lost contact with a flight carrying 227 passengers from Kuala Lumpur to Beijing on Saturday, according to a statement on the company's Facebook page.
The cracks have not been found on in-service planes and therefore posed no flight risk, and the problem will not alter Boeing's plans to deliver 110 787 s this year, the Chicago- based aerospace and defense giant said. However, Boeing said the cracks could delay by a few weeks the date when airlines can take delivery of their new planes.
*Soybeans rally as export demand tightens supplies. *Wheat to 3- month high on short covering, Ukraine jitters. Wheat futures hit a three-month top on follow-through technical buying after strong gains this week and jitters about political instability in Ukraine, a major corn and wheat exporter.
*Russia says US sanctions over Ukraine would boomerang back. NEW YORK, March 7- U.S. oil rose more than $1 a barrel on Friday as Western relations with Russia worsened over the crisis in the Ukraine and U.S. job growth accelerated by more than expected in an upbeat sign for oil demand.
*Poll pegs Brazil 2014/ 15 coffee crop at 48.9 million bags. NEW YORK/ LONDON, March 7- ICE arabica coffee futures rose on Friday as resistance near the key psychological level of $2 slowed a sharp rally triggered by dry weather this year in top grower Brazil.
*Wheat up 8 pct for week on short-covering, Ukraine jitters. Wheat hit a three-month high and several soybean contracts hit life-of-contract highs, but both markets pared gains by midsession. At the Chicago Board of Trade at 11:45 a.m. CST, benchmark May corn was down 5 cents at $4.86 per bushel after reaching $5.02-1/ 2, its highest level since early September.