Top News & Analysis Missouri

  • NEW YORK, Feb 24- Activist investment firm Sachem Head Capital Management has built a new stake in Olin Corporation and plans to nominate four directors, including the fund's founder, at this year's annual meeting. The filing also said that it will try to seat four directors on the Clayton, Missouri- headquartered company's 12- director board.

  • 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...

  • Feb 16- A Missouri jury's $265 million award to peach grower Bill Bader in his lawsuit against herbicide providers Bayer and BASF has raised the stakes for the two companies as at least 140 similar cases head to U.S. courts later this year. A jury in U.S. District Court in Cape Girardeau, Missouri, handed Bader, the state's largest peach farmer, $15 million in actual...

  • Breaking up Emerson was one of the demands made by hedge fund D.E. Shaw& Co LP last October, when it announced it owned more than 1% of the company. Emerson, which pursued an unsuccessful $29 billion acquisition bid for peer Rockwell Automation Inc in 2017, had long been seen as a potential break-up candidate among investors and analysts. The St. Louis- based company...

  • ZURICH, Feb 10- Experimental drugs from Roche and Eli Lilly failed to halt Alzheimer's disease in their latest test, the companies said on Monday, in a blow to people whose genes make them particularly vulnerable to the illness. The study of Roche's gantenerumab and Eli Lilly's solanezumab spearheaded by Washington University in St. Louis focused on rare...

  • Feb 7- Wall Street pulled back from record levels on Friday after a four-day rally, as investors digested a report that showed strength in U.S. labor market, while keeping a close eye on developments surrounding the coronavirus epidemic. Nonfarm payrolls increased by 225,000 jobs last month, the Labor Department's data showed, much higher than 160,000 job...

  • The Kansas City Chiefs celebrate with the Vince Lombardi Trophy after defeating the San Francisco 49ers 31-20 in Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida.

    The Super Bowl champions were honored with a parade through the city. As many as one million people were expected along the parade route. Those fans braved the cold weather when the morning's wind chill dropped into the teens. Before the parade, a vehicle plowed through a barricade and down the parade route, igniting a police chase. Fans were already lined up to celebrate the Super Bowl win

  • The relationship between energy stocks and oil prices has been weak over the last few decades: the 90- day correlation between the Select Sector Energy ETF and WTI crude going back to 1999 stands at 0.49, according to DataTrek Research. "History very clearly shows this industry doesn't really move with oil prices," said Nicholas Colas, co-founder at DataTrek...

  • Analysts at New Street Research said lowering churn would be more difficult with shift in the wireless market. Total operating revenue rose to $34.78 billion from $34.28 billion, beating the estimate of $34.60 billion, according to IBES data from Refinitiv. Net income rose to $5.22 billion, or $1.23 per share, in the fourth quarter ended Dec. 31 from $2.07 billion,...

  • Jan 24- The world's largest burger chain McDonald's Corp said this month that it would expand its test of a plant-based meat product with Beyond Meat patties in Canada, and other chains also are looking to serve vegan customers. The craze has given a big boost to Beyond Meat and Impossible Foods, two of the biggest players to launch faux meats.

  • Jan 24- Bayer AG said on Friday it has reached an agreement with plaintiffs' lawyers to postpone a Missouri jury trial over allegations its popular weed killer Roundup causes cancer to provide room for negotiations to settle the litigation. The fourth jury trial in the Roundup litigation was scheduled to begin in St. Louis on Friday morning, but never got...

  • Jan 24- Bayer AG said on Friday it has reached an agreement with plaintiffs' lawyers to postpone a Missouri jury trial over allegations its popular weed killer Roundup causes cancer to provide room for negotiations to settle the litigation. "While Bayer is constructively engaged in the mediation process, there is no comprehensive agreement at this time.

  • BAYER AG SAYS MISSOURI ROUNDUP CANCER TRIAL CONTINUED TO PROVIDE ROOM FOR MEDIATION PROCESS.

  • *First case to be heard outside California. *St. Louis case scheduled to last several weeks. It is being held in St. Louis, where Monsanto was headquartered before Bayer bought the company in a $63 billion deal in 2018..

  • The lawsuit marks the first multi-plaintiff trial in the litigation over whether glyphosate, Roundup's active ingredient, is carcinogenic, and is the trial outside of California. It is being held in St. Louis, where the Monsanto unit was headquartered before Bayer bought the company in a $63 billion deal in 2018.. The case in Missouri's Circuit Court for the 22nd...

  • BOSTON/ NEW YORK, Jan 21- U.S. midwestern utility Evergy Inc affirmed on Tuesday its faith in its business plan after activist hedge fund Elliott Management Corp urged the firm to improve its performance or consider a merger with another power company. It added that its current plan offered the best returns within the regulatory framework it agreed with...

  • *Rail road operators CSX, Kansas City down after results. Jan 17- U.S. stock indexes edged higher to hit fresh record highs on Friday on optimism over corporate earnings, economic data and indications of resilience in a Chinese economy battered by a prolonged trade war with the United States. "There's a lot of enthusiasm out there and it is a combination of earnings...

  • *Rail road operators CSX, Kansas City down after results. Jan 17- U.S. stock indexes were set to scale fresh record highs on Friday, on optimism over corporate earnings, fresh economic data and indications of resilience in a Chinese economy battered by a prolonged trade war with the United States. In the final minutes of the trading session on Thursday,...

  • Jan 15- General Motors Co. said on Wednesday more than 1,350 hourly employees at its assembly plants in the United States will transition into full-time roles in the first quarter of 2020.. The employees are from 14 General Motors manufacturing facilities in Michigan, Indiana, New York, Texas, Tennessee, Missouri, Kansas and Kentucky, the company said in a...

  • NEW YORK, Jan 15- BlackRock Inc, the world's largest asset manager, beat analysts' estimates for quarterly profit on Wednesday, helped by strong flows into its exchange-traded fund business that boosted overall assets under management to a record $7.43 trillion. A rally in global equity markets and strong inflows across business segments helped the company...