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Chicago Mercantile Exchange › (CME:FC.H13)


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Trader's Blog

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Today's Financial News

Ex-coal CEO on trial talks safety in phone calls he secretly recorded in his office

10 hours ago

CHARLESTON, W.Va. (AP) — Prosecutors are continuing to replay phone calls ex-Massey Energy CEO Don Blankenship secretly recorded in his office. In recordings played in federal court Tuesday, Blankenship said he sometimes thought without federal mine regulators, "we'd blow ourselves up." Blankenship is charged with conspiring to break mine safety laws and lying to financial regulators about safety practices at Upper Big Branch Mine in West Virginia, which exploded in 2010, killing 29 miners.

French president is looking to sell new ships to Russia after canceling warships deal

10 hours ago

SAINT-NAZAIRE (AP) — France is looking to sell new ships to Russia in the future despite the cancellation of a controversial deal for two Mistral-class warships this year, French President Francois Hollande said Tuesday. Hollande came aboard one of the warships that was originally named the Vladivostok, in reference to the Russian port. The inscription on the hull has been erased and replaced by grey paint.

J&J tops 3Q profit expectations, misses revenue forecasts, authorizes $10B share buyback

10 hours ago

Johnson & Johnson, continuing a tough year of declining revenue, posted a 29 percent drop in third-quarter earnings as it was hammered by plunging sales of its hepatitis C medicine and unfavorable currency exchange rates. Company executives on Tuesday tried to put a positive spin on the results, saying that underlying performance remained strong after excluding multiple negative factors. J&J raised its profit forecast and announced a $10 billion stock buyback plan that will be financed by issuing new debt.

Twitter laying off up to 336 people, 8 percent workforce as new CEO cracks down on expenses

10 hours ago

SAN FRANCISCO (AP) — Twitter is laying off up to 336 employees, signaling CEO Jack Dorsey's resolve to slash costs while the company struggles to make money. The cutbacks announced Tuesday could equate to about 8 percent of Twitter's workforce of 4,100 people. The purge comes two weeks after Twitter brought back one of its co-founders as permanent CEO in hopes that Dorsey would be able to resolve problems that have slowed user growth at the messaging service and compounded an uninterrupted cycle of financial losses.

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