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Cal-Maine (CALM) Posts Larger Loss on US Egg Glut, Lower Prices

The U.S. egg industry has an oversupply issue, and prices are so unprofitable that Cal-Maine, the biggest U.S. producer, posted its first net loss in six quarters. But prices may be near, if not at, their lowest. Producers are losing money, and that’s going to force farms to make adjustments and...

Goldman Sachs Says Yen Offers a More Attractive Hedge Than Gold

Investors looking at haven assets to protect against a risk-off shock should find the yen a cheaper option than gold, according to Goldman Sachs Group Inc. An increase in gold-price volatility has made bullish options on the traditional haven more expensive than yen equivalents, wrote strategists...

Japan Post Share-Sale Plan Clouded by Scandal at Insurance Unit

The government’s plan to sell over $10 billion worth of shares in Japan Post Holdings Co. has been clouded by a scandal at its insurance unit. The subsidiary, Japan Post Insurance Co., is voluntarily refraining from active product sales amid allegations of inappropriate sales practices. Both stocks...

Apple Is Said to Be in Talks With Intel for Cellular Modem Unit

Apple Inc. is negotiating to buy Intel Corp.’s struggling cellular modem unit, said a person familiar with the matter. A deal would give Apple key engineering talent and patents that would help it develop new devices to connect to the mobile internet. The Intel assets could be valued at about $1...

CBS Goes Dark in More Than Dozen Cities Amid AT&T Dispute

CBS Corp., the most-watched TV network in the U.S., is off the air in more than a dozen U.S. cities due to an impasse between the network and AT&T Inc., one of the largest pay-TV providers. The network said in a tweet that AT&T has dropped it from its DirecTV and AT&T U-verse, which...

BuzzFeed Agrees to Recognize Union After Monthslong Standoff

BuzzFeed Inc. agreed to voluntarily recognize an employee union, ending a standoff that included a walkout and months of negotiations. After Bloomberg reported on the accord Friday, the union confirmed the agreement in a tweet . “We’re excited to share that we have reached a voluntary recognition...

Anwar Faces Uproar in Malaysian Party Over Sex Video Fight

Senior members of Malaysia’s ruling People’s Justice Party called on leader Anwar Ibrahim to stop making “divisive statements,” the clearest sign yet of divisions over whether he should succeed Mahathir Mohamad as prime minister. The statement, signed by 23 of 64 members of the party’s supreme...

U.S. Job Growth Seen Powering Record Back-to-School Spending

Last Christmas may have been a let down , but American shoppers are finally warmed up just in time for back-to-school spending. U.S. outlays this summer will rise 5.1% -- the most in eight years -- as wage gains and near-peak employment translate to higher sales, retail research firm Customer...

Indonesia Looks Ready to Pull Rate-Cut Trigger: Decision Guide

Indonesia is poised to cut interest rates for the first time in two years as the prospect of the U.S. unwinding some of its policy tightening bolsters the case for Jakarta to embark on an aggressive easing cycle. With the archipelago’s economy facing dimming prospects, policy makers are under...

Australia Bank Regulator Faces Overhaul After Damning Review

Australia’s banking regulator is set for a major overhaul after a government-commissioned review found it had a “culture of conformity” and needed to become more forceful. In a scathing 146-page report released Wednesday, the Australian Prudential Regulation Authority was found to be slow to act,...

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