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  • I mean, wow, "said Mike Saresky, who flew into Chicago from Philadelphia, where he breezed through airport security in 12 minutes and got to leave his shoes on. At Hartsfield-Jackson Airport in Atlanta, known as the world's busiest, all 16 security lanes at the main checkpoint were open Friday morning as a bomb-sniffing dog and its handler walked among waiting...

  • Bruce Rauner vetoed a plan Friday that would reduce Chicago's payments to its police and fire pension funds for each of the next five years, calling it an irresponsible idea that will increase pension debt in the long term. Mayor Rahm Emanuel said after the veto that the Republican governor "just told every Chicago taxpayer to take a hike." He said Rauner's action...

  • NEW YORK, May 27- The U.S. dollar index hit a two-month high and U.S. bond prices fell on Friday after Federal Reserve Chair Janet Yellen said a U.S. interest rate hike will likely be appropriate in the coming months. "It's appropriate... for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move...

  • Those four words, said on the sidelines of a New York conference, set off a series of events leading to the disclosure of Bayer's confidential, $62 billion bid for Monsanto, the largest all-cash corporate takeover offer on record. The U.S. Securities and Exchange Commission has strict disclosure rules to protect investors from being misled by companies.

  • *Higher output at nearly $50 seen trumping supply outages. NEW YORK, May 27- Oil prices dipped for a second day in a row on Friday as some investors took profit on a surge to seven-month highs while others worried about higher production with the market hovering near $50 a barrel. "People are worried crude production will come roaring back at these prices," said Phil...

  • CHICAGO, May 27- Chicago Board of Trade corn futures rose nearly 1 percent on Friday to the highest level in 10 months on strong export demand and short-covering ahead of a long U.S. holiday weekend, traders said. At the CBOT as of 1:09 p.m. CDT, July corn was up 4-1/ 4 cents at $4.12-1/ 2 per bushel. July soybeans were up 5-1/ 4 cents at $10.85 a bushel and July wheat was down 1/...

  • NEW YORK— Recalls related to Takata air bags, which have already led to the largest auto recall in U.S. history, keep growing. About 35 years ago, Johnson& Johnson recalled more than 20 million bottles of Tylenol capsules after someone laced the painkillers with cyanide and put them in store shelves in the Chicago area. Johnson& Johnson repackaged Tylenol with...

  • I mean, wow, "said Mike Saresky, who flew into Chicago from Philadelphia, where he breezed through airport security in 12 minutes and got to leave his shoes on. At Hartsfield-Jackson Airport in Atlanta, known as the world's busiest, all 16 security lanes at the main checkpoint were open Friday morning as a bomb-sniffing dog and its handler walked among waiting...

  • *Higher output at nearly $50 seen trumping supply outages. NEW YORK, May 27- Oil markets fell around 1 percent on Friday, retreating from seven-month highs, as traders weighed the prospect of crude production intensifying because of prices near $50 a barrel despite supply outages in recent weeks that eased a global glut. "People are worried crude production will...

  • CHICAGO— Grain futures were mostly higher Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was. 50 cent a bale loweer at $4.8040 a bushel; July corn was. 50 cent higher at $4.09 bushel; July oats was. 50 cent higher at $1.92 a bushel; while July soybeans gained 1.25 cents to $10.7840 a bushel. June live cattle was. 73 cent higher at $1.1965 a...

  • TOKYO/ ISE-SHIMA, JAPAN, May 27- Leaders of the Group of Seven pledged on Friday to tackle a global glut in steel, though their statement did not single out China, which produces half of the world's steel and is blamed by many countries for flooding markets with cheap steel. While not included in the text, China was brought up in the discussions among leaders of the G7...

  • SYDNEY, May 27- U.S. soybeans held steady on Friday but were set for a seventh straight weekly gain- the longest consecutive weekly rally in nearly seven years- due to widespread production losses in Argentina. *The most active soybean futures on the Chicago Board Of Trade up nearly 0.5 percent for the week, the seventh consecutive weekly rise.

  • A shortage of staff and a surge in air travelers have created a nightmare scenario for the U.S. Transportation Security Administration, with airport wait times in places like Chicago having stretched beyond two hours. Department of Homeland Security Secretary Jeh Johnson, who oversees the TSA, said he asked Congress on Thursday for another $28 million to...

  • A shortage of staff and a surge in air travelers have created a nightmare scenario for the U.S. Transportation Security Administration, with airport wait times in places like Chicago having stretched beyond two hours. American, the world's biggest airline, wants TSA to create a senior internal role focused on traveler concerns, Philipovitch told a...

  • *Brent breaches $50 first for time since Nov, WTI since Oct. NEW YORK, May 26- Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut. Wildfires in Canada's oil sands, unrest in the Nigerian and...

  • OAK BROOK, Ill./ LOS ANGELES, May 26- U.S. restaurant operators would probably not replace workers with robots if they had to pay the $15 hourly wage demanded by protesters, McDonald's Corp Chief Executive Officer Steve Easterbrook told shareholders at the company's annual meeting on Thursday. The picketers are part of a national "Fight for $15" movement that, along...

  • *Rain-hit Argentina harvest causes concerns over exports. At the Chicago Board of Trade as of 11:05 a.m. CDT July soybeans were down 4-1/ 2 cents at $10.81 per bushel after reaching $10.98, the highest spot price since September 2014. CBOT July wheat rose up 10-1/ 2 cents at $4.76-1/ 2 a bushel and July corn added up 2-1/ 2 cents at $4.07-1/ 4 a bushel.

  • The picketers are part of a national "Fight for $15" movement that, along with an improving job market, has spurred pay raises at major employers such as Wal-Mart Stores Inc and McDonald's, though not to the level demanded by protesting workers and supporters. Workers seeking pay of at least $15 per hour and the right to unionize, and their supporters, have protested...

  • NEW YORK, May 26- For more than eight months, investors have poured money into the riskiest U.S. municipal bonds, boosting prices as they dive into anything that can give them fatter yields in a global low-rate environment. They are waving red flags about its most notorious borrower, Puerto Rico, but also its best-performing sector, tobacco, and other potentially...

  • May 26- Sears Holdings Corp on Thursday said it would seek partnerships or other arrangements to expand its home-improvement service business and some of its best-known brands, sending its shares up 6 percent. "Sears has not shown any signs of improvement, but investors have been looking for ways to extract value out of the business, and the potential brand...