- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Here are Tuesday’s top stories:
Shares of several air carriers are down Tuesday, including those of United Continental Holdings, Inc. (NYSE:UAL) and Spirit Airlines (NASDAQ:SAVE), reflecting the upholding of new airline ticketing by an appeals court. One new rule requires that carriers will have to prominently display the total price of a ticket in their print ads, including taxes.
Supply and demand for corn, impacted by the drought, is prompting U.S. foods giants such as Smithfield Foods, Inc. (NYSE:SFD), to begin soon to import the commodity from Brazil where the price is reportedly about $290 per metric ton. Corn futures in the United States have reached some $354, as the drought continues. Tyson Foods, Inc. (NYSE:TSN) will not say at the moment whether it is doing the same.
Goodyear Tire & Rubber Co. (NYSE:GT) says that it intends to use soybean oil instead of petroleum in the production of its tires. The company explains that soybean oil can increase the tread life of a tire by 10 percent while reducing the requirement of petroleum-based oil by 7 million gallons per year. If the production change is realized, the soybean-produced tires could be showing up in showrooms by 2015, but one question remains: what might this nuance do to the price of tofu?
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.