LGI Homes (LGIH) is the Barchart Chart of the Day. The entry level home builder has a Trend Spotter buy signal, a Weighted Alpha of 106.50+ and gained 64.32% in the last year.
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WASHINGTON (AP) — Monsanto Co. said Wednesday it will eliminate 2,600 jobs as part of a cost-saving plan designed to deal with falling sales of its biotech seeds and herbicides, which pushed its quarterly losses deeper into the red. (full story)
NEW YORK (AP) — Stocks continued to rally on Wednesday, helped by rising oil prices and energy stocks. Yum Brands plunged after cutting its profit forecast for the year, citing weakness in China. (full story)
By RAF CASERT and DANICA KIRKA - AP - 1 hr 53 mins ago
BRUSSELS (AP) — Any talk of a union between Budweiser and Miller — in fact, any talk of the creation of beer behemoth reaching all parts of the globe for that matter — should be put off for now as the owners of two of the world's most famous beers continue to haggle over the terms of a merger. (full story)