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Top News & Analysis Chicago

  • Kraft and Heinz products

    Kraft Heinz has decided to withdraw its $143 billion offer to buy Unilever, which had spurned the offer as too low, The AP reports.

  • NEW YORK— Kraft Heinz has withdrawn its $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low. The fact that it bid for all of Unilever and not just its food business indicates that Kraft Heinz is potentially open to acquiring other packaged consumer goods, one analyst said.

  • NEW YORK, Feb 17- U.S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc next week for signs on whether the recent market rally has more room to run. The consumer names are among the last major companies of the S&P 500 earnings season to report, but the results will also be watched for a read on spending as well...

  • MILWAUKEE— "Pokemon Go" monsters can roam virtually wherever they please, but they'll need a permit to get into Milwaukee County parks. "We're prepared for all of them now," said County Supervisor Sheldon Wasserman, who wrote the proposal setting up a permitting process that County Executive Chris Abele signed on Feb. 10. The bill pending in the Illinois Legislature...

  • NEW YORK, Feb 17- U.S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc next week for signs on whether the recent market rally has more room to run. The consumer names are among the last major companies of the S&P 500 earnings season to report, but the results will also be watched for a read on spending as well...

  • WASHINGTON, Feb 17- The U.S. Senate confirmed President Donald Trump's pick to run the Environmental Protection Agency on Friday over the objections of Democrats and environmentalists worried he will gut the agency, as the administration readies executive orders to ease regulation on drillers and miners. Two Democrats from energy-producing states, Joe...

  • *Major Wall Street indexes hit fresh record. NEW YORK, Feb 17- Stocks on major world markets slipped on Friday in the wake of back-to-back sessions of record highs, as investors awaited clarity on U.S. Despite the decline, the MSCI All-Country World index was higher for a fourth straight week, its longest winning streak in a nearly a year, after rising to a record high...

  • WASHINGTON, Feb 17- The U.S. Senate confirmed President Donald Trump's pick to run the Environmental Protection Agency on Friday over the objections of Democrats and environmentalists worried he will gut the agency, as the administration readies executive orders to ease regulation on drillers and miners. Two Democrats from energy-producing states, Joe...

  • CHICAGO, Feb 17- One of the key players in Illinois unending financial plight extended a peace offering to Republican Governor Bruce Rauner on Friday by opening a legislative avenue for the possible sale of the states main office building in downtown Chicago. Crippled by feuding between Madigan and Rauner, Illinois is limping through a record-setting second...

  • CHICAGO, Feb 17- One of the key players in Illinois unending financial plight extended a peace offering to Republican Governor Bruce Rauner on Friday by opening a legislative avenue for the possible sale of the states main office building in downtown Chicago. Crippled by feuding between Madigan and Rauner, Illinois is limping through a record-setting second...

  • CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for March delivery was 4.200 cents lower at $4.4340 a bushel; March corn was down 3 cents at $3.7040 a bushel; March oats was down 3.40 cents at $2.5220 a bushel while March soybeans lost 7.60 cents to $10.36 a bushel. February live cattle was. 55 cent higher at $1.1708 a pound;...

  • *Egypt wheat tender in focus after brisk recent demand. PARIS/ SINGAPORE, Feb 17- Chicago wheat and corn futures fell for a second straight session on Friday, after reaching multi-month highs this week in a fund-fuelled rally seen as lacking clear fundamental drivers. The Chicago Board Of Trade most-active wheat contract was down 0.8 percent at $4.44-1/ 4 a bushel.

  • *Egypt wheat tender in focus after brisk recent demand. PARIS/ SINGAPORE, Feb 17- Chicago wheat and corn futures fell for a second straight session on Friday, after reaching multi-month highs this week in a fund-fueled rally seen as lacking clear fundamental drivers. The Chicago Board Of Trade most-active wheat contract was down 0.8 percent at $4.44-1/ 4 a bushel.

  • As Trump and Republicans ricochet from crisis to crisis, lawmakers have lowered expectations for legislative action in 2017 on tax reform, health care, financial regulation, jobs and infrastructure, with some urging more White House guidance. Ambitious campaign promises by Trump helped the Republicans make a clean sweep of the White House, the Senate and the...

  • SINGAPORE, Feb 17- Chicago wheat slid 1.1 percent on Friday, falling for a second day and set for its first weekly loss in three as abundant global supplies weighed on the market. "We have got to a point with wheat that there has been quite a bit of short-covering and the market was overdue for a correction," said one Australia- based commodities analyst.

  • SYDNEY, Feb 17- U.S. wheat edged lower on Friday, falling from a more than seven-month high touched in the previous session, as traders banked profits- pushing the grain towards its first weekly loss in three weeks. *The U.S. Agriculture Department reported export sales of U.S. old-crop wheat in the latest week at 569,100 tonnes, above trade expectations for 300,000...

  • Feb 16- Chicago's ethics board voted unanimously to fine Uber Technologies Inc's former strategist, David Plouffe, $90,000 for illegally lobbying in the city. The San Francisco- based company sent a letter to the ethics board objecting to the size of the fine, Chicago officials said in a statement on Thursday after the board's Feb. 15 decision was made public.

  • Feb 16- A federal jury on Thursday convicted a Chinese scientist in Kansas of conspiring to steal samples of a variety of genetically engineered rice seeds from a U.S. research facility, the U.S. Justice Department said, the latest attempt at agricultural theft linked to China. Zhang, who has a doctorate from Louisiana State University, worked as a rice breeder for...

  • David Plouffe

    The board of ethics voted that Uber's David Plouffe broke the rules when he failed to register as a lobbyist, the Chicago Tribune says.

  • As Trump and Republicans ricochet from crisis to crisis, lawmakers have lowered expectations for legislative action in 2017 on tax reform, health care, financial regulation, jobs and infrastructure, with some urging more White House guidance. Ambitious campaign promises by Trump helped the Republicans make a clean sweep of the White House, the Senate and the...