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Grain futures surge in Chicago Wednesday

Thu, 12/02/2010 - 10:07 by Prince damin

Chicago -- Grain futures surged higher on the Chicago Board of Trade Wednesday, as the dollar index fell 0.64 percent.

Corn was up 21 3/4 to up 22 3/4, soybeans were up 40 to up 40 1/4, wheat was up 46 to up 49 1/2 and oats were up 12 1/4 to up 27 1/4.
Corn prices jumped with funds positioned to buy and the Energy Information Administration reporting ethanol production for the week ending Nov. 26 averaged 885,000 barrels per day, up 99,000 barrels from the same week last year. Wheat founds support from Egypt purchasing 220,000 metric tons Wednesday. Soybean prices rose sharply along with a strong gains in equities on Wall Street.

The prices:

Plastic paycards expected to surge

Tue, 11/30/2010 - 07:22 by Prince damin

Los Angeles -- Consulting firm Aite Group of Boston predicts the number of employers replacing paper paychecks with plastic paycards will surge in the next four years.

A recent survey showed only 40 percent of employers knew the option to use paycards existed, the Los Angeles Times reported Monday. But the consulting firm expects the compounded annual growth rate for employers switching to plastic forms of payment to jump 29 percent by 2014.

A few dollars saved can be a convincing argument for companies with large payrolls.

"Moving paperless is going to save costs and make us more productive," said Steve Leighton, controller at Helpmates Staffing Services, an Irvine, Calif., company.

CBOT prices surge Wednesday

Thu, 07/15/2010 - 09:58 by Pankaj Damin

Chicago -- Prices surged Wednesday on the Chicago Board of Trade, boosted by a lower dollar and forecasts for hot weather.

Corn was up 8 1/2 to up 9 1/4, soybeans were up 2 1/2 to up 8 1/4, wheat was up 8 3/4 up to 12 1/2 and oats were up 6 to up 7 3/4.

Japan's industrial output up 1.3% in April

Mon, 05/31/2010 - 17:13 by Anupreet Kaur

Japan's industrial production surged in April for the second straight month as China and other some parts of Asia witnessed growth.

Oil prices plunge ahead of summer driving season

Sat, 05/29/2010 - 16:09 by Jaspreet Virk

In what can be termed as a good news for drivers taking to the roads this Memorial Day weekend, gas prices have dropped to a national average of $2.749 a gallon, confirmed AAA, the nation’s biggest motoring organization.

April auto sales up 20% in US

Tue, 05/04/2010 - 17:26 by Neka Sehgal

Here is some heartening news for automakers trying to recover from the tough economy a year earlier. Vehicle sales shot up by 20 percent in April, showing that consumers were still on a buying spree.

Diabetes cases and spendings rising sharply: Study

Fri, 11/27/2009 - 18:12 by Natalie James

Chicago, November 27 -- The number of diabetes cases and the cost of treating the disease will soar in 25 years, according to a new U.S. study. By 2034, diabetes cases in the United States will nearly double and spending on the disease will nearly triple, the study shows.