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Top News & Analysis Chicago

  • 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...

  • Wal-Mart raised salaries from $45,000 to $48,500 annually for employees including store management, spokesman Randy Hargrove said on Tuesday. The new Obama administration rule, set to take effect Dec. 1, will require employers to pay overtime to salaried workers earning less than $47,500 a year, double the current threshold of $23,660. Earlier this year,...

  • CHICAGO, Oct 11- Wal-Mart Stores Inc has raised salaries for entry-level managers before a rule change that extends mandatory overtime pay to more than 4 million U.S. workers, in an attempt to shield itself from unpredictable additional costs for salaried employees. Wal-Mart raised salaries from $47,476 to $48,500 annually for employees including store...

  • Facebook, which also owns Instagram, and Twitter shut off the account of Geofeedia, the Chicago- based data vendor that provided data to police, in response to the ACLU findings. The ACLU report found that as recently as July, Geofeedia touted its social media monitoring product as a tool to monitor protests. In a 2016 case study obtained by the ACLU, Geofeedia quoted...

  • CHICAGO, Oct 11- Coming off a taxing spree to rescue Chicago's ailing pension funds, Mayor Rahm Emanuel on Tuesday unveiled a fiscal 2017 budget that he said reflects the city's success at stabilizing its finances. "It is a budget free of an immediate pension crisis, free of the black cloud of insolvency threatening the retirements of city employees and the...

  • NEW YORK, Oct 11- U.S. Bonds also faced pressure from $56 billion of supply due this week, including $24 billion in three-year notes, $20 billion in 10- year notes and $12 billion in 30- year bonds. While the cash market was closed Monday, Treasury futures still traded on the Chicago Mercantile Exchange, and the 10- year future price slumped to its lowest since June on...

  • NEW YORK, Oct 11- U.S. Bonds also faced pressure from $56 billion of supply due this week, including $24 billion in three-year notes, $20 billion in 10- year notes and $12 billion in 30- year bonds. While the cash market was closed Monday, Treasury futures still traded on the Chicago Mercantile Exchange, and the 10- year future price slumped to its lowest since June on...

  • *Grain markets subdued a day before monthly USDA reports. At the Chicago Board of Trade as of 12:56 p.m. CDT, December corn was up 2-3/ 4 cents at $3.46 per bushel. December wheat was up 4 cents at $4.07-3/ 4 a bushel and November soybeans were up 3-1/ 2 cents at $9.58 a bushel.

  • Oct 11- Metals company Alcoa Inc, weeks away from splitting into two, on Tuesday reported a quarterly profit that missed estimates and lowered its revenue forecast for the unit serving the auto and aerospace sectors, sending shares down 10 percent. "We are performing well despite the low pricing environment... demanding conditions on the commodity side as well as...

  • Oct 11,- Citadel Securities LLC said on Tuesday it has hired Haddon Kirk, who has been head of exchange-traded funds trading for UBS AG's U.S. investment bank. Kirk is joining Citadel in a senior role focused on massive "block" trades of the funds, a company executive told Reuters. The Chicago- based company, run by Kenneth Griffin, is also known for its hedge fund.