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  • The Puerto Rican flag flies near the Capitol building as the island's residents deal with the government's $72 billion debt on in San Juan, Puerto Rico

    Puerto Rico will miss a debt repayment Saturday, the government confirmed, as one of the largest ever US municipal debt restructurings beckons.

  • CHICAGO, July 31- Budget deficits are projected to persist for Chicago as pension and debt costs gobble up more revenue, according to an annual financial analysis released by the city on Friday. If Illinois fails to enact legislation easing Chicago's payments to its public safety retirement systems, the deficit could be even higher. Chronic structural budget...

  • ANALYSIS-Liquidity risks overhang high-yield ETFs Friday, 31 Jul 2015 | 4:14 PM ET

    NEW YORK, Aug 2- Shareholders in the AdvisorShares Peritus High Yield ETF who sold in late 2014 are probably not the last to pay up for liquidity risk, a growing hazard for some fixed-income investors bracing for the first Federal Reserve interest rate hike in nearly a decade. Fixed-income high yield ETFs have grown to $37 billion in assets, up from about $10...

  • NEW YORK, July 31- Puerto Rico on Friday planned to cover a payment due on debt owed by its development bank, a source familiar with the matter said, but the U.S. territory may still be short of the funds needed to pay all of the obligations due on Saturday. But Puerto Rico is expected to default on a $58 million payment on Public Finance Corporation bonds due Saturday...

  • CHICAGO, July 31- CBOE Holdings Inc, operator of the largest U.S. stock options market, reported stronger-than-expected quarterly earnings and revenue on Friday due to increased transaction fees and regulatory fines imposed against customers. The average revenue per contract rose 14 percent to 36.8 cents from a year earlier as clients shifted to more...

  • Grain mixed and livestock mostly lower Friday, 31 Jul 2015 | 10:52 AM ET

    CHICAGO— Grain futures mixed Friday early trading on the Chicago Board of Trade. Wheat for September delivery was 2.75 cents higher at $4.9925 a bushel; December corn was. 25 cent lower at $3.8350 a bushel; December oats were 4 cents higher at $2.5050 bushel; while November soybeans fell 11.5 cents to 9.3850 cents a bushel. October live cattle was. 85 cent higher at...

  • Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt- totaling $72 billion- was unpayable and required restructuring. Puerto Rico has flagged that it will likely skip a $58 million payment due Aug. 1 on its Public Finance Corporation debt, which has weaker investor protection than some other bonds.

  • UPS buying Coyote Logistics for $1.8 billion Friday, 31 Jul 2015 | 9:33 AM ET

    ATLANTA— UPS will spend $1.8 billion to acquire Coyote Logistics as it maneuvers for a slice of the burgeoning freight brokerage business. The Chicago company will become a UPS subsidiary and continue to be headed by Jeff Silver. The Atlanta company anticipates the transaction could result in $100 million to $150 million in annual operating savings.

  • TDS beats 2Q profit forecasts Friday, 31 Jul 2015 | 8:03 AM ET

    CHICAGO _ Telephone& Data Systems Inc. on Friday reported second-quarter net income of $23 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • U.S. Cellular beats 2Q profit forecasts Friday, 31 Jul 2015 | 8:00 AM ET

    CHICAGO _ United States Cellular Corp. on Friday reported second-quarter net income of $19.4 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. Four analysts surveyed by Zacks expected $1.01 billion.

  • CBOE tops Street 2Q forecasts Friday, 31 Jul 2015 | 7:39 AM ET

    CHICAGO _ CBOE Holdings Inc. on Friday reported second-quarter net income of $44.8 million. CBOE shares have dropped roughly 3 percent since the beginning of the year. Access a Zacks stock report on CBOE at http://www.zacks.com/ap/CBOE.

  • ALBANY, N.Y.— A village in central New York made ransom payments of $300 and $500 last year to keep its computers running after two official-looking emails released malware throughout its system, state auditors said. Sheriff Todd Brackett said after several attempts to retrieve the records, his agency paid a ransom of about $300 and the FBI helped track the...

  • Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt- totaling $72 billion- was unpayable and required restructuring. Puerto Rico has flagged that it will likely skip a $58 million payment due Aug. 1 on its Public Finance Corporation debt, which has weaker investor protection than some other bonds.

  • SYDNEY, July 31- U.S. soybeans held steady on Friday, though the oilseed was heading for a fourth consecutive weekly loss, as the market weighed up whether signs of growing export demand would start to erode ample supplies more quickly. *Corn touched a five-week low of $3.75-3/ 4 a bushel on Thursday. *Wheat fell to a five-week low of $4.93-1/ 4 a bushel on Thursday.

  • President Barack Obama's healthcare reform law has helped fuel adoption of these arrangements. Baltimore- based CareFirst said growth in overall medical spending slowed to a rate of 2 percent, compared with annual increases averaging 7.5 percent before the program began in 2011.. CareFirst's medical home program covers just under 1.1 million people,...

  • GRAPEVINE, Texas— Three passengers were slightly hurt while evacuating an American Airlines jet after smoke was detected in the plane as it prepared to leave Dallas-Fort Worth International Airport. American spokeswoman Andrea Huguely says the crew of Flight 1658 deployed the emergency slides during Thursday's incident. Huguely says American officials...

  • Grain mixed, livestock higher Thursday, 30 Jul 2015 | 10:42 AM ET

    CHICAGO— Grain futures mixed Thursday in early trading on the Chicago Board of Trade. Wheat for September delivery was 1.50 cents lower at $4.9460 a bushel; December corn was 1.50 cents lower at $3.7660 a bushel; December oats were 2 cents higher at $2.42 bushel; while November soybeans 4.50 cents higher at 9.4760 cents a bushel. October live cattle was. 83 cent...

  • US stocks eke out tiny gains after erasing an early loss Thursday, 30 Jul 2015 | 10:16 AM ET

    NEW YORK— After starting the day broadly lower, U.S. stocks recovered nearly all of their losses by mid-afternoon Thursday and were trading near breakeven. A batch of disappointing results from Procter& Gamble, Facebook and others weighed on the market. NO SALE: Consumer products giant Procter& Gamble fell $3.20, or 4 percent, to $77.43.

  • President Barack Obama's healthcare reform law has helped fuel adoption of these arrangements. Baltimore- based CareFirst said growth in overall medical spending slowed to a rate of 2 percent, compared with annual increases averaging 7.5 percent before the program began in 2011.. CareFirst's medical home program covers just under 1.1 million people,...

  • Ares Commercial Real Estate posts 2Q profit Thursday, 30 Jul 2015 | 9:51 AM ET

    CHICAGO _ Ares Commercial Real Estate Corp. on Thursday reported second-quarter earnings of $9 million. Ares Commercial Real Estate expects full-year earnings to be $1.12 to $1.18 per share. Ares Commercial Real Estate shares have risen almost 5 percent since the beginning of the year.