Article content CHICAGO — U.S. soybean futures declined on Thursday on spillover weakness from crude oil and expectations of a massive Brazilian soy harvest, but most-active soymeal futures set an 8-1/2 year high on tight supplies of the feed ingredient, analysts said. Wheat futures fell on profit-taking after rising to a one-month top while corn […]
Article content Samsung Electronics Co has agreed to pay $150 million to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung’s LED televisions, Nanoco and an investor in its cases said Friday. Nanoco and Chicago-based litigation funding firm GLS Capital said in a release that the settlement, which includes a […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Jody Godoy and Hyunjoo Jin Published Feb 03, 2023 • 2 minute read Join the conversation Article content SAN FRANCISCO — A trial over whether Elon Musk should be liable for tweeting in 2018 about financing for a buyout of Tesla Inc neared its end […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Mike Stone Published Feb 03, 2023 • 2 minute read Join the conversation Article content WASHINGTON — A new rocket that would double Ukraine’s strike range in its war with Russia was included in a $2.175 billion U.S. military aid package, the Pentagon said on […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Erwin Seba Published Feb 02, 2023 • 2 minute read Join the conversation Article content HOUSTON — U.S. oil refiners are dialing back operating runs this quarter after sky-high utilization rates last year, and aim to operate at between 85% and 89% of […]
Article content Gold prices slipped nearly 2% on Thursday as the dollar rebounded and some investors locked in profits after bullion scaled a nine-month peak on dovish remarks from Federal Reserve Chair Jerome Powell. Spot gold dipped 1.8% to $1,915.79 per ounce by 1:52 p.m. ET (1852 GMT), having hit its highest since April 2022 […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Aditya Kalra and Jayshree P Upadhyay and Aditi Shah Published Feb 01, 2023 • 3 minute read Join the conversation Article content NEW DELHI — Gautam Adani’s flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as […]
Article content WASHINGTON — U.S. President Joe Biden is still weighing candidates for new top economic advisers, officials familiar with the process said, and no final decisions are expected before next week’s State of the Union speech. Biden is focused on Tuesday’s address to Congress and had not made a decision on the top jobs […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Lisa Baertlein Published Feb 01, 2023 • 2 minute read Join the conversation Article content LOS ANGELES — FedEx Corp on Wednesday said it would cut its officer and director ranks by more than 10% as part of a broad cost-reduction effort that […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Lewis Krauskopf and Yohann M Cherian and Shreyashi Sanyal Published Jan 31, 2023 • 2 minute read Join the conversation Article content NEW YORK — Major U.S. stock indexes rose on Tuesday as labor cost data encouraged investors about the Federal Reserve’s aggressive […]