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New York Mercantile Exchange › (NYMEX:LO.J12.9750P)

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Today's Financial News

Russia's parliament gives preliminary approval of bill curbing foreign ownership in media

3 hours ago

MOSCOW (AP) — Russia's parliament has given preliminary approval to a bill limiting foreign ownership in Russian media to 20 percent. The State Duma voted 434-1 to pass the first reading of the law. The bill can be amended in the second reading, and either adopted or withdrawn in the third. The bill has been seen as the Kremlin's latest attempt to stifle media freedom. Many of Russia's leading media outlets, including the Vedomosti daily and the Russian Forbes magazine, have foreign ownership.

Grain mixed the CBOT, cattle and pork mixed on the CME

3 hours ago

CHICAGO (AP) — Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Beef and pork mixed on the Chicago Mercantile Exchange. Dec live cattle was .55 cent lower at $1.5810 pound; Oct feeder cattle was .23 cent higher at 2.2950 a pound; Dec lean hogs declined .10 cent to $.9560 a pound.

GM to move Cadillac brand headquarters to New York City, create separate business unit

3 hours ago

DETROIT (AP) — The Cadillac luxury brand will move its headquarters to New York next year to get closer to those living lives of luxury. "There is no city in the world where the inhabitants are more immersed in a premium lifestyle than in New York," Johann de Nysschen, the brand's new president, said in a statement issued Tuesday announcing the move. "It allows our team to share experiences with premium-brand consumers and develop attitudes in common with our audience."

Essence, Latina magazine founder to celebrate homecoming at his alma mater in New Mexico

3 hours ago

ALBUQUERQUE, N.M. (AP) — The founder of Essence and Latina magazines is scheduled to attend homecoming events at the University of New Mexico — his alma mater. Lewis graduated from the University of New Mexico in 1964 and was one of only five black students when he came to campus. He arrived at the school on a football scholarship but was cut from the team after his freshman year.

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