FTC moves to block Sysco US Foods merger
The U S government filed a lawsuit to stop the 3 5 billion Sysco US Foods merger claiming it would lessen competition and raise prices for restaurants hotels hospitals and schools The firms offer nationwide contracts and had proposed divesting 11 distribution centers with 5 billion in sales to win approval.
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Drury Plans 180-Room Coralville Hotel at Iowa River Landing
Drury Development Corp announces a 180-room Drury Inn and Suites in Coralville's Iowa River Landing. The Missouri family firm operates 130 hotels in 21 states and notes the site will include meeting space and complimentary breakfast and Wi Fi.
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Surprise USDA soybeans forecast trims planted acres
The USDA lowers planned U.S. soybean sowing to 83.5 million acres, down from 83.701 million last year and below Bloomberg survey expectations of 86.028 million. Corn plantings fall 1.8 percent and wheat seedings drop 2.3 percent, amid bear markets in grains and oilseeds and a global glut. Price reactions are muted yet speculative buying arises for soybeans.
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