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Chicago Board of Trade › (CBOT:C.K13)


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Today's Financial News

SABMiller meets with investors amid takeover bid by AB InBev

12 hours ago

LONDON (AP) — SABMiller met with investors Friday to underscore its strength as an independent company, as the world's second-biggest brewer seeks to head off a takeover by larger rival Anheuser-Busch InBev. "We are continuing to remove duplication across markets, bringing specialist expertise in areas like procurement under one roof, and standardizing common processes," CEO Alan Clark said in a statement. "It results in our markets being freed up to concentrate on what they do best — growing revenue with local consumers and customers."

Officials to reveal cause of February's fiery oil train derailment in southern West Virginia

12 hours ago

MONTGOMERY, W.Va. (AP) — The Federal Railroad Administration is set to announce what caused a fiery oil train derailment in southern West Virginia. The agency has scheduled a news conference for Friday morning at BridgeValley Community and Technical College in Montgomery. A CSX train carrying 3 million gallons of Bakken crude oil derailed in the town of Mount Carbon during a Feb. 16 snowstorm.

French labor tensions ease as garbage collector strike ends, Air France resumes negotiations

12 hours ago

PARIS (AP) — Air France is resuming negotiations with pilots' unions over hotly contested job cuts, and Paris garbage collectors have ended a smelly strike, in promising developments after a week of high labor tensions. The leading pilots' union, SNPL, said talks were resuming Friday with management about a sweeping cost-cutting plan that involves 2,900 job losses at France's money-losing flagship airline. Unions have resisted job cuts and calls to work longer hours for the same pay.

Malaysia's central bank says debt-laden fund broke foreign exchange rules, must return $1.8B

12 hours ago

KUALA LUMPUR, Malaysia (AP) — Malaysia's central bank said Friday a debt-laden state investment fund violated foreign exchange rules and must repatriate $1.83 billion it used abroad. No details were given on when the investments were made. The central bank's move is a new blow to the fund, which was set up by Prime Minister Najib Razak in 2009 to develop new industries, but faces accusations of graft and mismanagement after it accumulated at least 42 billion ringgit ($10 billion) in debt.

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