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Top News & Analysis Chicago

  • *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening demand for petroleum, even as supportive U.S. data strengthened the dollar.

  • PHOENIX-- The city of Phoenix and a developer who was poised to demolish a Frank Lloyd Wright- designed home have reached an agreement that will put any work on hold while a search continues for a buyer, a city official confirmed Wednesday.

  • *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening outlook for petroleum demand, even as supportive U.S. data strengthened the dollar.

  • Less than three months remain until the maximum rate of 15 percent on long-term gains rises to 20 percent unless Congress extends the Bush-era tax cuts. On top of that, the health care reform package imposes a new 3.8 percent Medicare tax on the investment income of high-income earners.

  • *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening outlook for petroleum demand, even as supportive U.S. data strengthened the dollar.

  • *Illumina machine turns around diagnosis in two days in pilot study. Stephen Kingsmore, director of the Center for Pediatric Genomic Medicine at Children's Mercy medical center in Kansas City, Missouri, whose study was published in the journal Science Translational Medicine.

  • *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and weak petroleum demand, even as supportive U.S. data strengthened the dollar.

  • NEW YORK-- Boeing Co. and the commercial aircraft leasing and financing arm of General Electric Co. have agreed on a firm order for 85 737 s. With this order, GE Capital Aviation Services has ordered 580 airplanes directly from Boeing since 1995..

  • CHICAGO-- A consumer watchdog group says this summer's extreme heat boosted the bills of Commonwealth Edison customers by about $64 million. But the Citizens Utility Board also said Tuesday that customers could've reduced most of that increase by changing their habits.

  • CHICAGO, Oct 3- Ask Macy Gray about her net worth, and the Grammy-winning R&B singer and songwriter is not sure- though she is perfectly willing to help out with a little online research. exclaims Gray, 45, an Ohio native who calls Los Angeles home. " It says here I'm worth $38 million.

  • CHICAGO-- A federal judge has sentenced a former Chicago Mercantile Exchange trader to three years in prison for his part in a fraud scheme that cost investors $2.3 million. A Chicago judge sentenced 54- year-old Mark Adrian of Delray Beach, Fla., on Tuesday.

  • MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians based outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the performers' average salary by $46,000 a year.

  • *Third-quarter vacancy posts smallest decline in two years. NEW YORK, Oct 3- The U.S. apartment sector posted its smallest vacancy decline in nearly two years, raising the possibility that the strongest commercial real estate category may be succumbing to the sluggish economy, according to real estate research firm Reis Inc..

  • Oct 2- American Airlines pilots this week are expected to authorize their union to call a strike, but the union says it may decide to keep the vote secret for now.

  • TOKYO, Oct 3- Japan's Nikkei share average is likely to slip on Wednesday amid uncertainty over whether Spain will soon ask for a bailout and concerns about flagging global growth, and as investors await big events later in the week.

  • Oct 2- American Airline pilots this week are expected to authorize their union to call a strike, but the union says it may decide to keep the vote secret for now.

  • The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.

  • MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the average musicians' salary by $46,000 a year.

  • Pension Fix to Triple Taxes?

    Laurence Msall, The Civic Federation, and CNBC's Rick Santelli discuss why the city of Chicago could be facing its own mini fiscal cliff.