A requirement of President Barack Obama’s health-care law that group insurance plans cover contraceptives was ordered blocked by a federal appeals court, the first such ban on enforcement of the mandate.
Dynegy Inc. reported third-quarter net income of $22 million on revenue of $446 million, three days after the last of the companies in the power producer’s group emerged from bankruptcy reorganization.
The biggest-ever U.S. corn harvest is spurring poultry farms to expand chicken production, sending domestic supplies of the meat to a record and cutting costs for buyers from Costco Wholesale Corp. to McDonald’s Corp.
U.S. Steel Corp. and AK Steel Holding Corp. gained after after Goldman Sachs Group Inc. raised its rating on the unprofitable companies to buy from sell and said the outlook for the domestic steel industry is improving because of higher demand.
The Federal Reserve could maintain its $85 billion in monthly bond purchases, now at a “torrid” pace, even as the job market improves, said James Bullard, president of the Federal Reserve Bank of St. Louis.