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Top News & Analysis Chicago

  • SYDNEY, June 26- U.S. wheat edged lower on Monday, retreating from a one-year high touched in the previous session, although concerns over production losses in the United States and Europe provided a floor. *The most active wheat futures on the Chicago Board Of Trade fell 0.3 percent to $4.72 a bushel, having closed up 2.7 percent on Friday when prices hit a high of...

  • Junk yard

    Illinois is on track to become the first state to have its credit rating downgraded to "junk."

  • CHICAGO— Illinois is on track to become the first U.S. state to have its credit rating downgraded to "junk" status, which would deepen its multibillion-dollar deficit and cost taxpayers more for years to come. S&P Global Ratings has warned the agency will likely lower Illinois' creditworthiness to below investment grade if feuding lawmakers fail to agree on a...

  • CHICAGO/ BRASILIA, June 23- Brazil scrambled to shore up its beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failure of inspections in the world's largest beef exporter. He said USDA approval for Brazil's fresh beef, which was only granted last year, was...

  • NEW YORK/ CHICAGO, June 23- Brazilian restaurants in the United States have no beef with the U.S. government's ban on meat from Brazil because the steaks they serve are all-American. Brazil is the world's largest meat exporter but business has been marred by scandal and safety concerns and on Thursday the United States barred imports from there.

  • CHICAGO/ BRASILIA, June 23- Brazilian officials scrambled to shore up their beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failures in the inspection program of the world's largest beef exporter. While fresh beef shipments to the United States represent...

  • SAO PAULO, June 23- Brazil's agriculture minister prepared to travel to the United States on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns about the image of the world's largest beef exporter. The U.S. Department of Agriculture's ban dealt a setback to Brazil's recently opened fresh beef...

  • *Energy, housing stocks help lift Wall Street. NEW YORK, June 23- World stocks advanced on Friday and were on track to end the week with a slight gain as a drop in the dollar helped boost slumping oil prices. U.S. crude rose 0.58 percent to $42.99 per barrel and Brent was last at $45.50, up 0.62 percent on the day.

  • June 23- A U.S. jury on Friday ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The verdict by a federal jury in Kansas City, Kansas, was announced by lawyers for the farmers, who blamed the Swiss company for causing catastrophic...

  • CHICAGO— Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was 4 cents higher at $4.6260 a bushel; July corn was down 4.80 cents at $3.6160 a bushel; July oats was up 2 cents at $2.55 a bushel while July soybeans lost 12.20 cents to $9.0240 a bushel. June live cattle was. 52 cent higher at $1.1885 a pound; August feeder...

  • NEW YORK— Coverage of the Pulse nightclub shooting in Orlando, the demise of Venezuelan society and fighting in Mosul, Iraq, won top honors in the 2017 Associated Press Media Editors Awards for AP staff, showcasing the news organization's excellence around the globe. Hannah Dreier was a double winner for her work on "Venezuela Undone," which painted vivid...

  • The USDA had "recurring concerns about the safety of the products intended for the American market," after increasing tests on Brazilian beef in March, according to a statement. The USDA's action threatens the reputation of meat from Brazil, the world's top exporter of beef and poultry, even though the United States is not a top customer. "Product was already on the...

  • BRUSSELS- European Central Bank President Mario Draghi participates in the European Council Meeting in Brussels, Belgium. NASHVILLE, Tennessee- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Illinois Bankers Association 126th Annual Conference- 1515 GMT.

  • BRUSSELS- European Central Bank President Mario Draghi participates in the European Council Meeting in Brussels, Belgium. NASHVILLE, Tennessee- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Illinois Bankers Association 126th Annual Conference- 1515 GMT.

  • The USDA had "recurring concerns about the safety of the products intended for the American market," after increasing tests on Brazilian beef in March, according to a statement. The USDA's action threatens the reputation of meat from Brazil, the world's top exporter of beef and poultry, even though the United States is not a top customer. "Product was already on the...

  • LOS ANGELES, June 22- The parent of Burger King and Tim Hortons on Thursday vowed to cut the use of antibiotics in its chicken supply, joining other major fast-food chain operators in the battle against the rise of dangerous antibiotic-resistant bacteria known as superbugs. Restaurant Brands International Inc said it intends to switch its Burger King and Tim...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • LOS ANGELES, June 22- The parent of Burger King and Tim Hortons on Thursday vowed to cut the use of antibiotics in its chicken supply, joining other major fast-food chain operators in the battle against the rise of dangerous antibiotic-resistant bacteria known as superbugs. Restaurant Brands International Inc said it intends to switch its Burger King and Tim...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • SAN FRANCISCO, June 22- Facebook Inc Chief Executive Mark Zuckerberg revised the world's largest online social network's mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups. The move comes as Facebook faces pressure from smaller rivals such as Nextdoor and Meetup, whose online...