Stocks Advance After Fed Minutes Spark Record Highs
New York stocks rose sharply as investors viewed Federal Reserve minutes from the Sept. 18 meeting as signaling continued rate cuts to bolster the economy. The Dow and S&P 500 hit new intraday highs, while officials noted dollar weakness could fuel inflation yet stressed a cautious outlook and ongoing growth risks. Market data showed mixed early behavior before the rally. Investors awaited the Oct. 30-31 Fed meeting for further rate signals.
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Grain futures rise on CBOT as corn soybeans climb
Chicago Board of Trade prices showed gains for corn and soybeans with mixed wheat. December wheat fell 14.5 cents to 8.455 per bushel while December corn rose 2.75 cents to 3.425, December oats up 1 cent to 2.715, and November soybeans jumped 24.75 cents to 9.5025 per bushel.
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Stockyards Springfield prices and Illinois hog bids report
Eastern Cornbelt carcass quotes show 0.5 to 0.9 inch bf ranges from 43.00 to 60.99 as of today. Negotiated purchases total 13,831. Illinois Direct Hogs trade bids down about one dollar with moderate demand and heavy supplies, futures by weight group from 800 to 31.00 for over 600 pounds, boars under 300 pounds at 18.00 to 23.00 and over 300 pounds at 8.00 to 13.00.
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MillerCoors formed to challenge Anheuser-Busch in U.S. beer market
Miller Brewing Co. and Molson Coors plan to combine U S operations to create MillerCoors, owning 58 percent and 42 percent economic interests respectively with equal voting. The move seeks to enhance competitiveness against market leader Anheuser-Busch as antitrust reviews loom.
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Miller and Coors
U.S
Anheuser-Busch
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Haynes & Boone
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Leo Kiely
NMurdale Ahead pe yy says FORE case new BAGE ON semi-smooth surfaces
NMurdale Ahead reports a new bag for semi-smooth surfaces with 3/8 inch nap. Product details highlighted include BY2 and ARS model references with a contact line 697 998 and a cell number 5.
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