Top News & Analysis Illinois

  • NEW YORK, June 14- U.S. stocks ended lower on Friday as investors were cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to U.S.- China trade worries. Shares of Broadcom Inc fell 5.6% after it cut its full-year revenue forecast by $2 billion, blaming the U.S.-...

  • *Crude prices edge higher on Gulf of Oman tensions. NEW YORK, June 14- U.S. stocks ended nominally lower on Friday as investors awaited next week's Federal Reserve meeting for signs of imminent easing, while the U.S.- Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher. "There's a lack of information to trade and the...

  • CHICAGO, June 14- U.S. corn futures climbed to their highest in five years on Friday as forecasts for more showers in the eastern Midwest next week clouded the outlook for late plantings and production prospects, analysts said. At the CBOT as of 12:39 p.m. CDT, July corn was up 8-1/ 4 cents at $4.50-1/ 4 per bushel after reaching $4.57-1/ 4, a contract high and the highest...

  • That would allow time for the EPA to calculate the volumes waived and apply them to the next year's blending mandates, the senators said in a statement. The bill's introduction comes after reports that the Trump administration's EPA had given waivers to facilities run by majors...

  • The bill, introduced by Democrat Tammy Duckworth of Illinois and Republican Deb Fischer of Nebraska, would impose a June 1 deadline for refineries to apply for the waivers that exempt them from blending ethanol into gasoline, so the EPA has time to calculate the volumes waived and apply them to the next year's blending mandates, the senators said in a statement.

  • WASHINGTON, June 14- One of the largest U.S. producers of aerosol cans, Colorado- based Ball Metalpack, has laid off 91 of its 500 U.S. workers since President Donald Trump imposed a 25% tariff on imported steel that abruptly hiked the firm's raw materials costs. The subsidiary of Japan's Daiwa Can Co has added more than 80 workers over 18 months at its two Illinois...

  • *Chicago corn set to finish week with almost 7% gain. SINGAPORE, June 14- Chicago corn futures rose to a four-year high on Friday and were poised to finish the week with a gain of almost 7% as more rains in parts of the U.S. The most-active corn contract on the Chicago Board Of Trade climbed to its highest since July 2015 at $4.45-1/ 4, extending gains into a fourth session.

  • Chicago Board of Trade July corn settled up 12 cents at $4.42 per bushel after reaching $4.42-3/ 4, the highest for a most-active contract since July 2015. CBOT July soybeans ended up 10 cents at $8.88 a bushel and July soft red winter wheat futures finished up 9-1/ 4 cents at $5.35-1/ 2 a bushel. Obviously with the weather in Indiana, Ohio, eastern Illinois, you are...

  • BEIJING/ CHICAGO, June 13- Chinese soybean buyers are asking sellers in the United States to delay cargoes due to be shipped in July until August, two sources familiar with the matter said, raising fears of cancellations like ones that roiled the market last year. The contract renegotiations come as the world's top two economies remain locked in a protracted...

  • PARIS/ CHICAGO, June 13- Airbus is in talks with U.S.-based private equity firm Indigo Partners about a potential sale of its new A321XLR passenger jet, industry sources said on Thursday. Indigo Partners, which also declined comment, buys aircraft on behalf of four airlines in which it holds stakes, using its bulk purchasing power to squeeze lower prices from...

  • NEW YORK, June 13- No matter who you are or what you do, let me take a wild guess: You feel a little burned out right now. If so, you are one of the two-thirds of Americans who report feeling burned out on the job, according to a recent Gallup poll. Across the nation for physicians it is even worse: a whopping 54 percent, according to Mayo Clinic researchers.

  • BEIJING/ CHICAGO, June 13- Chinese soybean buyers are asking sellers in the United States to delay cargoes due to be shipped in July until August, two sources familiar with the matter said, raising fears of cancellations like ones that roiled the market last year. The contract renegotiations come as the world's top two economies remain locked in a protracted...

  • *NYSE owner ICE plans to offer bitcoin futures. LONDON, June 13- When bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. Investors ploughed record levels of money into bitcoin futures at regulated exchanges in the United States and Britain last month, hungry for a piece of the action but seeking the...

  • *Trump has a' feeling' that U.S., China can strike trade deal. *Algeria floats idea of larger OPEC+ cut- sources. "Its definitely a market that is still in some disbelief of these inventory builds, and they're not going to be able to look beyond it," said Phil Flynn, analyst at Price Futures Group in Chicago.

  • "We've just got a lot of beef to wade through," said Dennis Smith, commodity broker form Archer Financial Services in Chicago. Most actively traded August live cattle fell 1.625 cents to 105.200 cents per pound at the Chicago Mercantile Exchange. Hog traders on Thursday will review weekly export sales data for sales of U.S. pork to China.

  • CHICAGO, June 12- U.S. grain and soybean futures jumped to their highest levels in more than a week on Wednesday as rains threatened to further delay corn and soy plantings and put crop yields at risk. The gains came a day after the U.S. Department of Agriculture on Tuesday cited "unprecedented planting delays" as the reason for slashing its forecast for corn yields...

  • *Trump has a' feeling' that U.S., China can strike trade deal. *Algeria floats idea of larger OPEC+ cut- sources. "Its definitely a market that is still in some disbelief of these inventory builds, and they're not going to be able to look beyond it," said Phil Flynn, analyst at Price Futures Group in Chicago.

  • June 12- Real estate billionaire Sam Zell and other former officers and directors of Tribune Co have reached a $200 million settlement resolving allegations of fraudulent transactions related to the media company's disastrous 2007 leveraged buyout. Marc Kirschner, a litigation trustee representing Tribune creditors, filed the proposed settlement on...

  • CHICAGO, June 12- U.S. grain and soybean futures jumped to one-week highs on Wednesday as rains threatened to further delay corn and soy plantings and put crop yields at risk. The gains came a day after the U.S. Department of Agriculture on Tuesday cited "unprecedented planting delays" as the reason for slashing its forecast for corn yields more than expected.

  • *Chicago corn climbed almost 3 pct on Tuesday after USDA report. PARIS/ SINGAPORE, June 12- Chicago corn futures eased on Wednesday as the market took a breather after the last session's near 3% climb, when a bigger than expected cut to the U.S. harvest forecast deepened concern about the impact of torrential rain. The most-active corn contract on the Chicago Board...