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Top News & Analysis Chicago

  • SAN FRANCISCO, Oct 13- General Motors' car-sharing program Maven, the auto giant's latest foray into alternative transportation services, has expanded into San Francisco, marking its ninth market since launching in January, the company announced Thursday. Maven's markets now include Boston, Chicago, Los Angeles, New York and Washington, D.C., among other cities.

  • FRIDAY, OCTOBER 14 BOSTON- Federal Reserve Chair Janet Yellen speaks on "Macroeconomic Research After the Crisis" before "The Elusive' Great' Recovery: Causes and Implications for Future Business Cycle Dynamics" conference hosted by the Federal Reserve Bank of Boston- 1730 GMT. BOSTON- Federal Reserve Bank of Boston President Eric Rosengren gives welcome and...

  • In August, the Justice Department said the proposed deal would mean higher prices for high-speed precision planting equipment, which allows farmers to plant row crops, such as corn, up to twice as fast as with conventional machinery. Deere said the Justice Department initially cleared its proposed acquisition in October 2015 in compliance with the Federal...

  • CHICAGO, Oct 13- A Chicago- based disability rights group on Thursday filed a federal lawsuit against Uber Technologies Inc alleging that the ride-hailing company has violated wheelchair accessibility laws. According to the lawsuit, from September 2011, when Uber began operating in Chicago, to August 2015, the company provided just 14 rides to motorized...

  • CHICAGO, Oct 13- U.S. wheat futures jumped about 5 percent on Thursday as a flurry of export deals prompted funds to cover short positions, analysts said. At the Chicago Board of Trade), December wheat settled up 19-1/ 4 cents at $4.16 per bushel. December corn ended up 12-1/ 2 cents at $3.49-1/ 2 a bushel and November soybeans rose 10-3/ 4 cents, settling at $9.56-1/ 4 a bushel.

  • NEW YORK, Oct 13- The Tim Sloan era has begun at Wells Fargo but the old problems remain. Wall Street will be his first port of call when he presents third-quarter results on Friday. "I remain concerned that incoming CEO Tim Sloan is also culpable in the recent scandal, serving in a central role in the chain of command that ought to have stopped this misconduct from...

  • Oct 13- U.S. stocks were trading near one-month lows on Thursday, amid losses across sectors, as investors fretted about China's weak economic data and the prospects of an interest rate hike by the end of the year. Data showed China's exports fell 10 percent in September, far worse than the markets had expected, while imports unexpectedly shrank, reviving concerns...

  • Oct 13- Wall Street was set to open lower on Thursday as investors fretted about China's weak economic data and the prospects of an interest rate hike by the end of the year. Data showed China's exports fell 10 percent in September, far worse than the markets had expected, while imports unexpectedly shrank, reviving concerns about the health of the world's...

  • *Soy at new low since end-Sept as USDA ups output forecast. PARIS/ SINGAPORE, Oct 13- Chicago corn and wheat futures rebounded on Thursday after dropping more than 2 percent in the last session on U.S. government estimates of hefty supplies. The Chicago Board Of Trade most-active corn contract added 0.3 percent to $3.38 a bushel by 0924 GMT, having closed down 2.5...

  • NEW YORK, Oct 13- Tim Sloan will not have much time to prepare his pitch for Wall Street. Much of his success will depend on how he navigates the demands of Wall Street for growing returns with the political and public clamor for change. Wall Street is trying to get a handle on what a long list of probes and lawsuits regarding the bank's opening of unauthorized...

  • *Gains in soybeans limited as USDA raises output f'cast. SINGAPORE, Oct 13- Chicago corn and wheat futures rebounded on Thursday after dropping more than 2 percent in the last session after U.S. government estimates of bin-busting supplies. The Chicago Board Of Trade most-active corn contract added 0.4 percent to $3.38-1/ 4 a bushel by 0301 GMT, having closed down...

  • *The most active corn futures on the Chicago Board Of Trade rose 0.4 percent to $3.38-1/ 4 a bushel, having closed down 2.5 percent in the previous session when prices fell to a low of $3.36-1/ 2 a bushel- the lowest since Oct. 3. *The USDA raised its U.S. yield estimate to a record-high, roughly in line with analyst expectations. *The USDA raised its forecast of U.S. wheat...

  • Oct 12- Former telecommunications equipment company Nortel Networks Ltd reached an agreement with their various business units on Wednesday to divvy up the $7.3 billion raised from liquidating the failed company, paving the way for pensioners and creditors to get paid after a seven-year wait. According to the agreement, Nortel's former U.S. business unit...

  • THURSDAY, OCTOBER 13 PHILADELPHIA- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the World Affairs Council of Philadelphia- 1615 GMT. BRUSSELS- EU top regulators/diplomats speak at a banking union conference. KARLSTAD, Sweden- Sweden Riksbank Governor Stefan Ingves is talking at Karlstad University...

  • *USDA forecasts record-large U.S. soy and corn harvests. *USDA pegs U.S. corn yield at 173.4 bu/acre, soy at 51.4. The USDA lowered its estimate of the U.S. 2016 corn yield to 173.4 bushels per acre, from 174.4 in September, but still the highest on record, if realized.

  • WASHINGTON, Oct 12- The U.S. Agriculture Department raised its already-record outlook for the U.S. soybean harvest on Wednesday as the crop benefited from timely rains throughout August. Soybean futures jumped as some traders had feared that USDA would increase its estimate for soybean yields even higher than it did, traders said. In its monthly crop...

  • CHICAGO, Oct 12- Medicare will cost you more in 2017- all the more reason to scrutinize your coverage as the annual open enrollment gets under way this weekend. Open enrollment- which runs from Oct. 15 to Dec. 7- is the time of year when Medicare enrollees can switch their Part D prescription drug coverage. Premiums and other out-of-pocket Medicare costs will be higher...

  • *Corn, soybeans little changed ahead of USDA report. *USDA report watched for corn, soybean yield revisions. "It is mainly positioning before the USDA report," said Kaname Gokon at brokerage Okato Shoji in Tokyo.

  • *Chicago wheat seen in range of $3.80- $4.20/ bushel. SINGAPORE, Oct 12- Global premiums for high-protein wheat are expected to rise as unseasonal rains drive down quality in key producers, while Chicago futures are likely trade in a tight range in the next few months, a leading Singapore- based trader said on Wednesday. Wet weather at the time of harvest has left large...

  • CHICAGO, Oct 11- Chicago Mayor Rahm Emanuel moved this week to bolster his sagging political fortunes, delivering within a few hours both a labor pact with the city's teachers and a no-drama 2017 city budget devoid of any big tax hikes. "It is a budget free of an immediate pension crisis, free of the black cloud of insolvency threatening the retirements of city...