Beef Producers Likely To Reap Bounty Next Year With Higher Prices
If America's beef producers can weather the worst drought in decades that dealt a harsh blow to the nation's corn crops, they can expect to reap a bounty beginning late next year, when beef output is estimated to be at a nine-year-low, according to the U.S. Department of Agriculture.
Wal-Mart Pursuing Higher Sales By Expanding Health Care Offerings
Wal-Mart, the world's largest retailer, is expanding its immunization offerings in the U.S. to help lift domestic revenue to levels it is achieving outside the U.S.
Target Vs. Wal-Mart: Target Wins on Pricing, Barely, And Probably Not For Long
After beating market expectations earlier this month with its second-quarter earnings, Target Corporation (NYSE: TGT) has managed to remain competitive against the king of low prices: Wal-Mart Stores Inc. (NYSE: WMT).
Barges Back Up On Drought-Lowered Mississippi
Traffic on the Mississippi River halted again Wednesday due to a grounded barge near Greenville, Miss., as the nation's main waterway falls toward a record low level because of the worst U.S. drought in over a half century.
Saudi Aramco Looks To Red Sea For Offshore Exploration
Saudi Arabia will begin deep-water drilling in the Red Sea by the end of the year, says Khalid al Falih, president and CEO of Saudi Aramco, the world's largest oil company.
Best Buy Obituaries Already Being Written
Market watchers are writing the obituary for struggling big box electronics retailer Best Buy Co. (NYSE:BBY), whose share price plunged to a nearly four-year low on Tuesday, even as stakeholders waited to see if the new CEO can live up to his reputation.
Nike's Priciest Sneaker Yet, The $315 'LeBronX' [PHOTOS]
Nike Inc. (NYSE:NKE) has announced its most expensive sneaker yet, the "LeBron X," a virtual smart shoe that retails for a cool $315 per pair.
Best Buy Shares Hamemred On Poor Results, Outlook
Best Buy Co. (NYSE: BBY) is not having a good week.
Glencore Won't Pay More For Xstrata, Despite Qataris' Demand
Glencore International PLC (LON: GLEN), a commodity trading company based in Baar, Switzerland, has said it is prepared to bow out of talks to buy Xstrata PLC (LON: XTA) rather than give in to a demand for more money from a major shareholder of the giant mining company.
Back-To-School, Holiday Season Expected To Be Same Or Better
Unemployment is still well above 8 percent, the cost at the pump is rising and consumers are still wary and cost-conscious, but recent surveys indicate back-to-school buys and the upcoming holiday shopping season will be as good as or better than last year. Still, the theme of the season is cautious optimism.
Best Buy Names New Chief As Tensions Between Board And Founder Rise
Best Buy (NYSE: BBY) announced Monday the appointment of Hubert Joly as the company's new president, CEO and member of the board. Joly will inherit control of the struggling electronics retailer whose founder Richard Schulze would like to take private.
Blasphemy Accusation Nearly Leads To Death Of Pakistan Girl
Details of the incident are murky, but one thing is clear -- had it not been for the girl's arrest, she might not be alive Monday.
Back-To-School Shopping: Pre-Teens Have More Cash To Spend
In the United States, Mom typically has the most say when it comes to back-to-school shopping, but pre-teens are consumers, too, and they have more money to spend on backpacks and binders than they have had in years.
US Drought Subsiding, Slightly, But The Damage Is Done
Meat-protein producers are already feeling the bite from the estimated complete loss of at least 15 percent of the national corn crop and poor yields for most of the surviving plants.
Israel's Bullish Rhetoric On Attacking Iran Is A Message To Washington, Not Tehran
Netanyahu is paying a visit to the U.N. General Assembly in New York next month where he will likely bump into U.S. President Barack Obama, or at least expect him to issue strong rebukes against Iran in his speech to the world.
Failed Brokerage CEO Jon Corzine Likely To Dodge Criminal Charges
Poor risk control, not fraud, was the reason for the disappearance of $1 billion during the collapse of MF Global.
Russia Vs. Punk Rock Band 'Pussy Riot' - Verdict Expected Friday
A Russian court is expected to issue a verdict Friday in the trial of three of the seven members of Pussy Riot, a feminist punk band, who face up to three years in prison for participating in an uninvited protest performance, in Moscow's Christ the Saviour Cathedral, against President Vladimir Putin's ties with the Orthodox Church.
Apparently, Americans Too Broke To Eat Anything But Fast Food
About the only things Americans seem to be eating when they go out are cheeseburgers, nacho platters, chicken sandwiches, curly fries and other fast-food fare.
El Niño’s Rebound Might Help Deere & Company Sales Next Year
Periodic weather pattern is expected to end South America's drought conditions, which might boost farm equipment sales in this key emerging-market region -- and bring some rain to Georgia, too.
Shi'a-Sunni Divide Underscored By Abduction Of Syrian Rebels In Lebanon
A prominent Shi'ite clan in Lebanon announced Wednesday it has kidnapped more than 20 Syrian nationals in retaliation for the alleged abduction in Damascus of one of their own by members of the Free Syrian Army. Meanwhile, a bomb was detonated in Damascus.
Wal-Mart Earnings Preview: Wall Street Expects Good News
Wal-Mart Stores Inc (NYSE: WMT), the world's largest retail chain, is expected to report higher second-quarter profit as an increase in consumer spending lifted the company's revenue and offset the effect of a strong dollar.
U.S. Seeks To Break Duration Record For Supersonic Flight
The X-51A WaveRider unmanned experimental scramjet was on its way Tuesday morning from Edwards Air Force Base, 114 miles north of Los Angeles, to Point Mugu Military Base, 52 miles east of Los Angeles, for a historic test flight.
Low US Crop Estimate Heightens Food Crisis Concerns
The U.S. Department of Agriculture slashed its corn-yield forecast for the year as the Food and Agriculture Organization warns of a potential repeat of the 2007-08 global food crisis.
Egypt Nabs Suspects In Rafah Attack As It Seeks Bedouin Help
Egypt reported on Friday that nine suspects linked to Sunday's attack in Rafah that killed 16 Egyptian border guards were arrested.
Low Yields and Drought Cause Corn Prices To Surge
Iowa, the largest state grower of corn and soy, has seen the size of its territory under extreme drought conditions rise from almost 31 percent last week to nearly 70 percent since Tuesday.
Fitch Warns Japan Of Downgrade If Debt Is Not Lowered
Japanese Prime Minister Yoshihiko Noda survived a no-confidence vote on Thursday, spurred by his proposal to double the consumption tax to 10 percent, in the latest example of a political gridlock that is risking a credit downgrade.
Taliban Might Not Try To Kill Pakistani Presidential Hopeful 'Taliban Khan' After All
Militant spokesman said leaders are meeting to decide whether the man they consider a kafir (infidel) would be allowed to lead an anti-drone-attack march of thousands in Waziristan unmolested in September.
Why Is Ethanol So Controversial?
Like many contentious issues, ethanol use has its backers and detractors. With a lower corn supply this year, the issue just got more contentious.
Russia Won't Stop Feeding The World, For Now
Russia's food security commission on Wednesday ruled out imposing a ban on grain exports, saying -- for now -- concerns that a serious drought will not cause one of the world's largest wheat producers to deliver a worldwide blow to the price of bread.
Metro Manila, Home To 12 Million, Is An 'Inland Sea' Right Now
At least 23 people have been killed in the Philippines: Wednesday morning's deluge alone dumped 18.5 inches of rain, surpassing the 17.9 inches dumped by Typhoon Ondoy in 2009, which killed over 700.