Business Stories from May 12, 2022
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Sources: Hyundai to set $7B Georgia plant during Biden visit
May 12, 2022 4:17 PM - A U.S. official says South Korean automaker Hyundai Motor Group is expected next week to announce it's building a massive electric vehicle plant near Savannah, Georgia
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FIFA takes on EA Sports video game in soccer's new rivalry
May 12, 2022 3:50 PM - The name 'FIFA' can bring to mind images of the World Cup and soccer's greatest players
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Tapestry, Sonos rise; AmerisourceBergen, Capital One fall
May 12, 2022 3:31 PM - Stocks that traded heavily or had substantial price changes Thursday: Tapestry, Sonos rise; AmerisourceBergen, Capital One fall
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Grains higher, Livestock lower
May 12, 2022 3:15 PM - Wheat for May was up 65.75 at $11.7450 a bushel; May corn was up 11.25 cents at $8.1350 a bushel, May oats gained 21.25 cents at $6.5450 a bushel; while May soybeans rose 10 cents at $16.6025 a bushel. Beef and pork were lower on the Chicago Mercantile Exchange. Jun. live cattle fell 1.92 cents at $1.3165 a pound; May feeder cattle was off 1.28 cents at $1.5687 a pound; while May lean hogs was down .82 cent at $1.0010 a pound.
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US Foods first quarter sales up 24%May 12, 2022 2:44 PM - Rosemont-based US Foods Holding Corp. reported net sales of $7.8 billion for its fiscal year first quarter, an increase of 23.9% from the prior year, driven by higher total case volume and food cost inflation of 17.3% compared to the same quarter a year ago.
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Naperville chamber names '4 under 40' honoreesMay 12, 2022 2:32 PM - The Naperville Area Chamber of Commerce Thursday announced the recipients of its 2022 Four Under 40 Achievement Awards.
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Final ex-eBay employee in cyberstalking case pleads guilty
May 12, 2022 2:32 PM - A former eBay Inc. executive has pleaded guilty to participating in a scheme to terrorize the creators of an online newsletter executives viewed as critical of the company
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Closing prices for crude oil, gold and other commodities
May 12, 2022 2:16 PM - Closing prices for crude oil, gold and other commodities, and foreign exchange levels
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Senate confirms Powell for 2nd term as Fed fights inflation
May 12, 2022 1:41 PM - The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell's high-stakes efforts to curb the highest inflation in four decades
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Report: Trump officials, meat companies knew workers at risk
May 12, 2022 12:03 PM - At the height of the pandemic, the meat processing industry worked closely with political appointees in the Trump administration to stave off health restrictions and keep slaughterhouses open even as COVID-19 spread rapidly among workers, according to a Congressional report released Thursday.
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