Animal Proteins Beef up Cargill’s Q1 Results
The company's net income rose 14% to $973 million amid brisk demand for beef, strong exports, and more abundant cattle supplies.
Revenue Drops 40% at Goldman’s FICC Unit
“We didn't navigate the [fixed-income] market as well as we aspire to or as well as we have in the past," Goldman's CFO says.
Factory Goods Orders Rise 1.2% in January
“Manufacturing is regaining its footing after being buffeted by lower oil prices, a strong dollar."
U.S. Producer Prices Surge 0.6% in January
The gain in the producer price index was the largest in more than four years but the spillover to consumer inflation may be limited.
Ex-Delta Trader Fined for Commodities Manipulation
The trader placed orders for personal profit ahead of trades intended for Delta, according to the CME Group.
World Bank Calls Global Growth Rate “Insipid”
In its latest Global Economics Report, the bank predicts 2.4% global growth for 2016, down from the 2.9% estimated in January.
Forex Trader Accused of $23M Investor Fraud
The SEC says Haena Park misrepresented her trades were profitable while losing more than $16 million in investor funds since 2012.
On the Menu for Restaurants: Higher Earnings
Revenue and operating income for U.S. restaurants will increase more than expected, said Moody’s Investors Service in upgrading its industry outlook.
Peabody Joins Coal Mining Bankruptcy Parade
The world’s largest private-sector coal company is seeking to recover from a "substantial debt burden amid a historically challenged industry."
Alcoa Swings to Loss on Restructuring Costs
The company's revenue took a hit from sharply lower aluminum prices as it prepares to split into two standalone entities.
Arch Joins Coal Industry’s Bankruptcy Parade
The No. 2 U.S. thermal coal miner cites depressed demand and regulatory hurdles for the latest in the industry's Chapter 11 filings.