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Business

  • Profits slip at Franklin Electric Co.
    Franklin Electric Co. Inc. on Wednesday reported third-quarter earnings of $22.7 million, or 46 cents per diluted share, a 10 percent decrease from the $25.
  • $6 million ends Biomet suit
    Biomet Inc. has agreed to pay more than $6 million to resolve allegations that it paid kickbacks to encourage doctors to use its bone growth stimulators, the U.S.
  • Axle maker expands Albion footprint, jobs
    A maker of heavy duty and recreational vehicle axles will be adding up to 200 jobs at its Noble County plant early next year. Dexter Axle Co.
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Grain futures mostly fall, beef prices rise

CHICAGO (AP) — Grains futures mostly fell Thursday on the Chicago Board of Trade.

Wheat for December delivery fell 6.75 cents to $8.6925 a bushel; December corn fell 8.75 cents to $7.5150 a bushel; December oats fell 10 cents to $3.6075 a bushel; while January soybeans rose 1.75 cent to $14.48 a bushel.

Beef futures rose, while pork futures fell on the Chicago Mercantile Exchange.

December live cattle rose 0.38 cent to $1.2820 a pound; January feeder cattle rose 0.68 cent to $1.4675 a pound; while December lean hogs fell 0.12 cent to 83.70 cents a pound.

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