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Coca-Cola CEO Muhtar Kent received a total compensation of $18.8 million in 2009, according to a regulatory filing. Meanwhile, Burger King franchisees have dropped a lawsuit against the fast-food chain related to soda sales rebates. The U.K. regulators are investigating Kraft Foods for potential misleading statements during its
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Gold futures traded lower on Thursday, as investors became anxious about Greece's ability to deal with its debt situation. The euro's decline and the downgrading of Deutsche Bank's ratings by Moody's Investor Service also contributed to the metal's pullback. Despite
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Gold futures surged to a 1.5-month high as the metal followed crude oil higher and benefited from strong buying against other currencies. The gains were fueled by a technical breakout as gold rose through a key resistance level, prompting additional buying. At the peak, most-active April gold climbed to
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The Chicago Board of Trade corn futures market concluded the day in an upward trajectory, driven by a benevolent government ending-stocks projection and supportive outside market factors. The March corn contract settled at $3.58 1/2 per bushel, representing a 2 1/2 cents increase, while the May contract
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Oil futures stabilized in Europe Monday after heavy losses last week, as traders hoped that colder weather and a pause in the dollar rally could help crude recover. Despite sovereign debt woes in Europe and talk of tighter credit in China, analysts remained upbeat about the prospects of a recovery
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Stronger-than-expected US manufacturing data has bolstered sentiment for riskier assets like metals and equities, pushing gold futures above the $1,100 an ounce mark. The April gold contract rose 2% to settle at $1,105 an ounce on the Comex division of the New York Mercantile Exchange, with the Institute
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February has begun with a positive note in the gold market as some investors re-enter the scene in search of bargains. The April gold contract, traded on the Comex division of the New York Mercantile Exchange, has gained $5.70 to reach $1,089.50 an ounce. Analysts attribute this
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Investors' interest in riskier assets waned amid concerns over Greece's sovereign debt and the German economic recovery, causing gold prices to pare overnight gains. However, gold found support as investment flows into platinum and palladium piqued interest in precious metals. Benchmark February gold prices rose $3.40
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Global grain markets saw significant changes in the past few days, with various factors influencing futures prices. Brazilian mining giant Vale SA announced talks to buy fertilizer assets from Bunge Ltd. for up to $3.8 billion, aiming to diversify its business. Meanwhile, in India, the federal agriculture minister predicted
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Copper prices dropped sharply on the New York Mercantile Exchange as investors sold the metal and bought the U.S. dollar, driven by concerns over the economic recovery and a perceived shift in monetary policy. This move was triggered by the Federal Open Market Committee's acknowledgment that the
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The global commodities market has experienced significant volatility in recent weeks, with sugar, cocoa, and coffee prices fluctuating sharply. The pension trustees of UK confectioner Cadbury PLC have taken out an insurance policy to mitigate risks associated with liabilities, while a group of lawmakers is urging the UK government to
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The strength of the US economy, as evidenced by a 1.3% increase in November retail sales, led to a strengthening of the dollar, causing crude oil futures to sink to a two-month low. The dollar's value reached a two-month high against the euro, making crude more expensive
