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Chicago Board of Trade › (CBOT:SA.H13.E)


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Today's Financial News

Wal-Mart names international executive Brett Biggs as next chief financial officer

1 day ago

NEW YORK (AP) — Wal-Mart Stores named Brett Biggs as the retailer's next chief financial officer. He will replace Charles Holley who is retiring at the end of the year. Holley, who is 59 years old, has been Wal-Mart's CFO for nearly five years. Biggs will take over the role on Dec. 31. Holley with stay with the company until Jan. 31, 2016, to help with the transition.

Officials: Broken rail missed on 2 inspections caused fiery West Virginia oil train derailment

1 day ago

MONTGOMERY, W.Va. (AP) — A broken rail that wasn't found on two previous inspections led to a fiery oil train derailment in southern West Virginia in February, federal investigators said Friday. The Federal Railroad Administration said the broken rail resulted from a vertical split head rail defect. The problem was missed by CSX Corp. and a contractor on two separate inspections in the months leading up the accident. The rail was near the location of a previous broken rail discovered by an FRA inspector that was repaired in May 2014.

US stocks open higher, keeping the market on track for its best week this year

1 day ago

NEW YORK (AP) — U.S. stocks are opening modestly higher, keeping the market on track for its best week this year. Mining companies were among the early gainers Friday. Newmont Mining and Freeport-McMoRan each jumped 4 percent. Gap sank 7 percent in early trading after the struggling retailer posted disappointing September sales. Sales of women's clothing at Banana Republic slumped.

Federal Reserve official says rate hike in either October or December likely to be appropriate

1 day ago

NEW YORK (AP) — A voting member of the Federal Reserve's policy committee said Friday that he believes the economy is on a satisfactory track and that an increase in interest rates is likely to be appropriate in either October or December. Lockhart said he will be watching consumer activity closely before he makes his decision on whether to raise rates at one of the Fed's two final meetings of 2015.

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