Top News & Analysis Illinois

  • WASHINGTON, Feb 24- The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a fired former Florida employee of the pharmacy chain who asked not to work on Saturdays for religious reasons as a member of the Seventh-day Adventist Church. Patterson, who had trained customer service representatives at a Walgreens call center in...

  • Feb 24- SoftBank's second Vision Fund has led a new $165 million funding round in California- based Karius, which markets a test that can quickly detect hard to diagnose infections through a simple taking of blood, the start-up said on Monday. The funding round values the company at over $700 million, according to a filing made by the company to the state of Delaware,...

  • *Markets take hit as coronavirus spreads beyond China. SINGAPORE, Feb 24- Chicago wheat futures slid for a fourth consecutive session on Monday while soybeans eased as fears over the rapid spread of the coronavirus outbreak beyond China dragged down commodities and shares. Fears mounted that the coronavirus outbreak in China will grow into a pandemic with...

  • *China c. bank says impact will be limited, to guide rates lower. SHANGHAI/ BEIJING, Feb 22- China reported a decrease in the number of new deaths and new cases of the coronavirus on Saturday, while its central bank predicted a limited short-term economic impact and said the country was confident in winning the fight against the epidemic. Mainland China had 397 new...

  • *Hubei doubles Wednesday's number of reported new cases. BEIJING/ SEOUL, Feb 21- The coronavirus has infected hundreds of people in Chinese prisons, authorities said, as cases climbed outside the epicentre in Hubei province, including 100 more in South Korea and a worsening outbreak in Italy where officials announced the country's first death.

  • The United States has yet to see community spread of the virus that emerged in central China in late December. But health authorities are preparing medical personnel for the risk, Nancy Messonnier, an official with the Centers for Disease Control and Prevention told reporters on a conference call. The World Health Organization has warned that the window of...

  • Shares surged 9.7% to their highest-ever level of $181.99 in morning trade after Deere said it sees signs of stabilization in the U.S. farm sector, which has been buffeted by a nearly two-year-long trade war with China. The trade war hit American agricultural exports to China, a major buyer of soybeans, leaving farmers struggling to turn a profit and hurting...

  • The farm equipment manufacturer reported net income of $517 million, or $1.63 per share, for the quarter ended Feb. 2, up from $498 million, or $1.54 per share, in the same period last year. The Moline, Illinois- based company said it still expects net income in 2020 to be in the range of $2.7 billion to $3.1 billion. But President Donald Trump's interim trade deal with...

  • *China virus tempers hopes of demand uplift from trade deal. PARIS/ SINGAPORE, Feb 21- Chicago soybean, corn and wheat futures ticked down on Friday as grain markets grappled with uncertainty over Chinese import demand in the face of the coronavirus outbreak. The most-active soybean contract on the Chicago Board of Trade was down 0.1% at $8.92-1/ 4 a bushel by 1138...

  • *Soybeans largely unchanged this week, China virus caps gains. SINGAPORE, Feb 21- Chicago wheat futures rose on Friday, with the market set for the biggest weekly gain in almost three months with lower production in Australia raising concerns about world supplies. "There is support wheat prices as Australia earlier this week said its production was lower than the...

  • SYDNEY, Feb 21- U.S. wheat futures edged higher on Friday, as concerns over global supplies put the grain on course for its biggest weekly jump in nearly three months. Prospects of China ramping up agricultural purchases from the United States under the interim trade deal have been clouded by the coronavirus epidemic. *The U.S. Agriculture Department on Thursday...

  • CHICAGO, Feb 20- U.S. soybean futures drifted lower for the third time in four sessions on Thursday as demand from China remained quiet, stirring fresh concerns that purchases from the world's top oilseed buyer will fall due to the spread of the coronavirus. China is struggling to get its economy back on track after imposing severe travel restrictions to contain...

  • Ethanol producers were waiting to see the reaction of the EPA, which has thwarted the move toward a 15% blend rate in the past even as the USDA has called for increased production of the corn-based fuel, said Todd Becker, chief executive officer of Green Plains Inc, which operates 13 ethanol plants. "I don't think this is a supportive EPA of ethanol," Becker said.

  • *Worries of Coronavirus spread outside China caps gains. *China cuts benchmark lending rate to prop up economy. Feb 20- Oil prices rose on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China.

  • "The story suggests that the virus has spread to medical workers and people who help clean hospitals, so the markets are shook up by that," said Keith Bliss, senior vice-president at Cuttone& Co in New York. Investors were already on the edge as the number of new cases climbed in South Korea, Japan reported two new deaths and research suggested that the virus was...

  • NEW YORK, Feb 20- U.S. stock indexes fell more than 1% on Thursday, with technology stocks among the hardest hit as investors weighed how bad the economic damage will be from the coronavirus outbreak as the number of cases rise outside of China. Some attributed the fall to a report from the Global Times about infection levels at a Beijing hospital.

  • NEW YORK, Feb 20- U.S. stock indexes fell more than 1% on Thursday, with technology stocks among the hardest hit as investors weighed how bad the economic damage will be from the coronavirus outbreak as the number of cases rise outside of China. Some attributed the fall to a report from the Global Times about infection levels at a Beijing hospital.

  • CHICAGO/ NEW YORK, Feb 20- The outbreak of coronavirus in China has forced U.S.-based suppliers to industrial giants such as Caterpillar Inc, Deere& Co and Komatsu Ltd to grapple with a surge in costs to avoid production disruptions. China is struggling to get its economy back on track after imposing severe travel restrictions to contain the virus that emerged in...

  • CHICAGO, Feb 20- U.S. soybean futures drifted lower for the third time in four sessions on Thursday as demand from China remained quiet, stirring fresh concerns that purchases from the world's top oilseed buyer will fall due to the spread of the coronavirus. China is struggling to get its economy back on track after imposing severe travel restrictions to contain...

  • LONDON, Feb 20- Chicago soybean futures edged down on Thursday, falling in three out of four sessions on concerns over declining demand in China, which has been hit by the coronavirus epidemic. "Several parts of China are in lockdown for more than 20 days now, the demand for soybeans and other products is bound to decline," said one Singapore- based trader at a company...