Corn prices fell Monday after storms delivered rain to crops that had been baking in a heat wave across much of the Midwest.
Corn for December delivery fell 11 cents to settle at $6.745 a bushel. Other commodities were mixed as congressional leaders continued to debate ways to raise the U.S. debt limit, and cut spending.
Rain fell last weekend across much of the Midwest, including Illinois, Indiana and Ohio where crops have been affected by hot, dry weather. The precipitation was enough to stabilize the crop, but Northstar Commodity Research analyst Jason Ward says growers are "going to need more rain."
Regional banking company Fifth Third Bancorp says its second-quarter earnings more than doubled as credit trends continued to improve.
The Cincinnati-based company reports net income of $328 million for April, May and June. That compares with earnings of $130 million in the same period a year ago. Some analysts expect earnings-per-share of 28 cents.
Fifth Third says it saw growth in mortgage banking, credit card and corporate banking revenue. They operate more than 1,300 banking centers in 12 states.
The Greene Town Center, LLC, believes it should be relieved of a $14.8 million dollar tax set aside for Greene County.
The Greene's owners filed a lawsuit in April against Greene County officials instructing the county to perform its legal duties according to the Feb. 1, 2005, contract that sets the terms to retire the letter of credit.
According to the Dayton Daily news, Owners of The Green believe they have met the conditions of that contract, but County Administrator Howard Poston disagrees. He says the company has not reached the agreed-upon amount to retire the letter of credit, and says that may be due to a simple misinterpretation
General Electric and the University of Dayton have agreed to a leasing deal.
Dayton City leaders hope that a GE plant will help to attract other new high-tech businesses. Officials have estimated as many as 200 jobs could be created. City Commissioners are said to have unanimously approved the deal.
GE's new facility will be in an existing building on land that UD purchased from NCR. Officials said GE will not have to pay property tax for the first 15 years of their lease.
Construction is expected to begin in a month and to open in 2013