Top News & Analysis Chicago

  • CHICAGO, Sept 27- Caesars Entertainment Corp said on Tuesday it has struck a crucial $5 billion deal with most of its casino operating unit's creditors, resolving billions of dollars in legal claims and paving the subsidiary's way out of a costly bankruptcy. The Las Vegas- based company's main operating unit, Caesars Entertainment Operating Co Inc, filed in...

  • Sept 27- A U.S. district court judge in Kansas this week said lawsuits brought by U.S. farmers against seed company Syngenta AG over sales of biotech corn seeds not approved for import by China can proceed as a class action, according to a court filing. Judge John Lungstrum certified a nationwide class and statewide classes in Arkansas, Illinois, Iowa, Kansas,...

  • CHICAGO, Sept 27- Caesars Entertainment Corp said on Tuesday it has struck a crucial $5 billion deal with most of its casino operating unit's creditors, resolving billions of dollars in legal claims and paving the subsidiary's way out of a costly bankruptcy. The Las Vegas- based company's main operating unit, Caesars Entertainment Operating Co Inc, filed in...

  • CHICAGO, Sept 27- U.S. grain and oilseed futures were mostly higher on Tuesday, with soybeans rebounding from an earlier five-month low on support from investor short-covering ahead of a U.S. Department of Agriculture quarterly stocks report due on Friday. Rainfall delayed the U.S. corn and soybean harvests, while heavy precipitation could curb wheat output in...

  • CHICAGO, Sept 27- Hold-out creditors of Caesars Entertainment Corp's bankrupt operating unit accepted a sweetened $5 billion deal on Tuesday that could finally extricate the casino company from a costly bankruptcy. Following are key events in the $18 billion bankruptcy of the Las Vegas- based casino group's main operating unit, Caesars Entertainment...

  • The Las Vegas- based company's main operating unit, Caesars Entertainment Operating Co Inc, filed for bankruptcy in January 2015. Under the agreement, which still needs approval from the U. S Bankruptcy Court in Chicago, first-lien bank lenders will recover roughly 115 cents on the dollar, about 1 cent less than previously agreed upon. Junior creditors, who had...

  • CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for December delivery was. 25 cent lower at $3.9560 a bushel; December corn was. 50 cent higher at $3.2960 bushel; December oats was. 50 cent higher at $1.7540 a bushel; while November soybeans lost 2.50 cents to $9.4260 a bushel. October live cattle was 1.90 cents lower at...

  • WASHINGTON— U.S. home prices rose again in July, pulled up by strong gains in Portland, Seattle and Denver. The Commerce Department reported Monday that new home sales fell 7.6 percent in August. Prices rose 12.4 percent in Portland, 11.2 percent in Seattle and 9.4 percent in Denver.

  • The Las Vegas- based company's main operating unit, Caesars Entertainment Operating Co Inc, filed for bankruptcy in January 2015. The deal still needs approval from the U. S Bankruptcy Court in Chicago. Under the agreement, Caesars and its private equity owners, Apollo Global Management and TPG Capital Management, offered junior creditors an increased recovery...

  • *USDA report shows bean harvest behind expectations. PARIS/ SINGAPORE, Sept 27- Chicago soybean futures edged higher on Tuesday as a U.S. report showed the harvest was progressing slower than expected due to heavy rain, recovering from a one-week low hit on Monday after forecasts for drier weather. The Chicago Board of Trade's most-active soybean contract was up...

  • Sept 27- Democrat Hillary Clinton and Republican Donald Trump traded barbs and accusations on Monday in the first debate ahead of the Nov. 8 U.S. presidential election. Following is a compilation of reaction to the debate from investors, economists and financial market analysts:. JAMES ATHEY, INVESTMENT MANAGER AT ABERDEEN ASSET MANAGEMENT:.

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge in Brooklyn erred in February 2015 in finding that American Express' "anti-steering" rules...

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge in Brooklyn erred in February 2015 in finding that American Express' "anti-steering" rules...

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge in Brooklyn erred in February 2015 in finding that American Express' "anti-steering" rules...

  • NEW YORK— Does "Pokemon Go" have a second act? Crowds stampeded after a Vaporeon in Central Park and people fell off cliffs playing it in California. At an Apple event on Sept. 7, Niantic CEO John Hanke said 500 million people had downloaded the game in just two months.

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. Implied volatility, a gauge of how much oil prices move, was at its highest since April 18, when...

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. Implied volatility, a gauge of how much oil prices move, was at its highest since April 18, when...

  • *Turkey downgrade, OPEC meeting hurt risk sentiment. NEW YORK, Sept 26- The dollar fell against the safe-haven yen on Monday after comments from a top Bank of Japan official reinforced views that the central bank was unable to weaken the yen, while an impending U.S. presidential debate stoked uncertainty. "The BOJ is saying we'll continue on the current path," said...

  • CHICAGO— Grain futures were lower Monday in early trading on the Chicago Board of Trade. Wheat for December delivery was 7 cents lower at $3.9760 a bushel; December corn was 3.50 cents lower at $3.33 bushel; December oats was 1.50 cents lower at $1.7540 a bushel; while November soybeans lost 2.50 cents to $9.5220 a bushel. October live cattle was 1.05 cents lower at...

  • LONDON, Sept 26- London's role as the world's top financial center could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday. The Z/Yen 20th global financial centers index, which looks at 87 financial centers, showed that London remains just ahead of New York, followed by Singapore and Hong Kong.