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Chicago Mercantile Exchange › (CME:MP.H13)


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Today's Financial News

Operator of broken pipeline that caused California oil spill faces scrutiny over response

11 hours ago

SANTA BARBARA, Calif. (AP) — Firefighters, emergency workers and officials from Plains All American Pipeline had gathered last week at a fire station preparing to train for the worst — an oil spill — when a 911 call came in reporting a noxious smell in the air at a nearby beach. "It was very black. You couldn't see the sand anymore," fire Capt. Craig Vanderzwaag recalled after arriving at the scene of the leak shortly after noon May 19. "You could see rolling waves with black oil lapping up on the beach."

Harsh winter and weak energy output likely caused US economy to shrink in Q1, but rebound seen

12 hours ago

WASHINGTON (AP) — A brutal winter, plunging investment by energy companies and a widening trade gap likely combined to shrink the U.S. economy at the start of the year. But the slump is expected to prove short-lived. Economists surveyed by data firm FactSet predict that the government will say GDP shrank at an annual rate of 0.8 percent last quarter. That would be much weaker than its first estimate: 0.2 percent annual growth.

IMAX plans Hong Kong IPO for China unit as it expands in fast-growing movie market

12 hours ago

HONG KONG (AP) — IMAX is planning to sell shares of its China unit on the Hong Kong stock exchange. The Canadian maker of widescreen cinemas filed an application late Thursday for the initial public offering of IMAX China Holding Inc. The IPO comes as IMAX Corp. expands rapidly in China, one of its fastest growing markets and where going to the movies has become wildly popular.

Chinese stocks extend fall as investors remain jittery after tumble; other Asian indexes gain

12 hours ago

HONG KONG (AP) — Chinese stocks fell again Friday as investors remained jittery a day after a sharp sell-off. Other major Asian benchmarks climbed. CHINA GYRATIONS: The Shanghai stock market is increasingly volatile after soaring more than 120 percent in the past year. Among the reasons cited by analysts and state media for Thursday's sell-off were stricter margin lending requirements by brokers; a Chinese sovereign wealth fund dumping shares in two state banks; the central bank draining liquidity from the market; and a wave of initial share offerings expected next week that will compete for Chinese investors' money.

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