LME Launches New Round of Warehousing Rules Proposals

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The London Metal Exchange on Wednesday launched another round of proposals to improve its warehousing operations, which have been criticized for the long delays, particularly for aluminum.

Airlines Embrace Self-Service Bag Tagging

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As carriers look to speed up baggage queues, they are turning to self-service kiosks and digital trackers to continue to reduce lost or misdirected luggage.

Justice Department Probes Airlines for Collusion

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The Justice Department is investigating some U.S. airlines for “possible unlawful coordination,” a spokeswoman said.

ACE to Buy Chubb for $28.3 Billion

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ACE agreed to buy fellow property-and-casualty insurer Chubb in a cash-and-stock deal valued at $28.3 billion, the largest-ever deal between two companies in the insurance industry.

Deere, Potash Face a Glutted Market

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Agricultural prices face a 10-year bear market, says the OECD. That is bad news for companies supplying tractors and fertilizer.

U.S. Stocks Advance on Greece Proposal

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U.S. stocks rose Wednesday after Greece sent a fresh bailout proposal to its creditors, fueling hopes of a deal being reached.

Asia's Rich Show Love for Junk Bonds

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Asia’s wealthy individual investors have loaded up on high-yield bonds in the past three years, including a large helping of debt from Chinese property firms that have been facing a weak housing market.

Fed's Looming Problem: Too Little Debt

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A dearth of Treasurys will limit the Federal Reserve’s ability to affect long-term interest rates.

China Approves Six IPOs Despite Market Turmoil

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China’s stock regulator approved plans for six initial public offerings despite a market slump into bear territory and no sign of immediate recovery.

Visa Suspends Processing Purchases of Ads on Backpage.com

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Visa said it has stopped processing the purchase of all ads on classified website Backpage.com after receiving a request to do so from the sheriff in Cook County, Illinois.

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