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Top News & Analysis Chicago

  • CHICAGO, Feb 14- The Chicago Public Schools sued Illinois on Tuesday, claiming the state's school funding system discriminates against its largely black and Hispanic student body. The lawsuit asks the Cook County Circuit Court to declare the funding system illegal under Illinois' Civil Rights Act. "Chicago students, who are overwhelmingly students of color,...

  • NEW YORK, Feb 14- Barry James built up his $4 billion mutual fund largely by studying balance sheets, earnings and market share. Trump's unpredictable governing style and stated desire to renegotiate trade agreements and punish companies that seek out lower-cost forms of labor are upending the classic notion of fundamental investing, said James, who manages...

  • Feb 14- A controversial North Dakota bill that sought to shield motorists from liability if they unintentionally hit a protester on a roadway, injuring or killing them failed to garner enough support from lawmakers. A transportation committee had previously voted against the bill in part because of a "negative perception," that passing it could create,...

  • WASHINGTON, Feb 14- Federal Reserve Chair Janet Yellen goes to Congress on Tuesday for the first time since Republicans took control of the White House and both houses of the legislature with less clarity on the direction of U.S. economic policy than at any time of her three-year tenure. Yellen is due to give semi-annual testimony before the Senate Banking...

  • CHICAGO, Feb 13- Wal-Mart Stores Inc for the first time will combine its own buying for products sold at its stores with purchases it makes for its website, sources said, a significant move to stamp out duplicate efforts as it consolidates buying operations to better fight Amazon.com Inc. The move is part of a broader push by Chief Executive Doug McMillon and new...

  • SINGAPORE/ PARIS, Feb 13- Chicago wheat lost ground on Monday, snapping four sessions of gains and falling from its highest in seven months as ample world supplies weighed on the market. The Chicago Board of Trade most-active wheat contract dropped 0.6 percent to $4.46-1/ 2 a bushel by 1124 GMT, having closed up 1.2 percent on Friday after hitting its strongest...

  • TOKYO, Feb 13- The dollar rose against the yen on Monday on relief that U.S. The official told reporters that a U.S.- Japan economic dialog will be led by Japanese Deputy Prime Minister Taro Aso and Vice President Mike Pence to address fiscal and monetary policies as well as infrastructure projects and trade. It is reassuring that an unpredictable Trump is not in...

  • TOKYO, Feb 13- The dollar rose against the yen on Monday on relief that U.S. The official told reporters that a U.S.- Japan economic dialogue will be led by Japanese Deputy Prime Minister Taro Aso and Vice President Mike Pence to address fiscal and monetary policies as well as infrastructure projects and trade. It is reassuring that an unpredictable Trump is not...

  • Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. The setbacks come at a critical time for U.S. exporters, who are trying to move as much grain as possible before buyers turn their attention to South America when corn and soybean harvests in Argentina and Brazil...

  • Chicago Board of Trade March wheat finished 5-1/ 2 cents higher at $4.49 per bushel, the highest on a continuous chart since June 28. "USDA increased wheat exports by 50 million bushels," said analyst Joe Christopher of the Crossroads Co-op in Nebraska. The USDA cited increased wheat export shipments to support its estimate of smaller stocks.

  • *OPEC compliance in January at 92 pct- OPEC figures. NEW YORK, Feb 10- Oil prices rose on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that took effect in January. The International Energy Agency- one of OPEC's six sources- said the cuts in January equated to 90 percent of the agreed reductions...

  • NEW YORK/ LONDON, Feb 10- Gold steadied on Friday, but remained below this week's three-month top as the U.S. dollar and Treasury yields came off their highs after the currency initially jumped on U.S. Spot gold was up 0.02 percent at $1,230.78 an ounce April delivery settled down 0.07 percent at $1,235.90. Wall Street hit record highs for a second day on hopes of the...

  • Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. The setbacks come at a critical time for U.S. exporters, who are trying to move as much grain as possible before buyers turn their attention to South America when corn and soybean harvests in Argentina and Brazil...

  • *OPEC compliance in January at 92 pct- OPEC figures. NEW YORK, Feb 10- Oil prices rose on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that took effect in January. The International Energy Agency- one of OPEC's six sources- said the cuts in January equated to 90 percent of the agreed reductions...

  • Chicago Board of Trade March wheat was up 5-1/ 2 cents at $4.49 per bushel, the highest on a continuous chart since June 28, at 11:25 a.m. CST. "USDA increased wheat exports by 50 million bushels," said analyst Joe Christopher of the Crossroads Co-op in Nebraska. The USDA cited increased wheat export shipments to support its estimate of smaller stocks.

  • *USDA puts U.S., world wheat stocks below expectations. Soybeans edged higher, after falling in the previous session when the USDA reduced its outlook for Argentina's harvest by less than some had expected. The USDA cut its estimate of world wheat ending stocks for 2016/ 17, largely due to reduced harvest estimates for India and Kazakhstan, although global...

  • WASHINGTON, Feb 9- Senior White House adviser Kellyanne Conway drew sharp criticism from a top Republican lawmaker and complaints on Thursday over the ethics of using her position to promote product lines of President Donald Trump's daughter Ivanka, a day after he attacked a retailer for dropping them. I'm going to go get some myself today, "Conway told Fox News...

  • LOS ANGELES, Feb 9- A Sanderson Farms Inc shareholder proposal requesting the third-largest U.S. poultry producer phase out the use of medically important antibiotics for growth promotion and disease prevention failed to pass on Thursday, the company said. Sanderson is the only large U.S. chicken producer that has not made a commitment to limit its use of those...

  • LOS ANGELES, Feb 9- A Sanderson Farms Inc shareholder proposal requesting the third-largest U.S. poultry producer phase out the use of medically important antibiotics for growth promotion and disease prevention failed to pass on Thursday, the company said. While the non-binding proposal did not receive enough votes to pass, investor support hit 30 percent,...

  • Chicago Board of Trade soybean futures turned lower and corn prices held near an earlier seven-month peak in the wake of the USDA report in which the government also slashed its estimate for U.S. corn ending stocks and kept its U.S. soy supply forecast steady. USDA raised its U.S. wheat export forecast by 50 million bushels, citing a strong pace of U.S. wheat export...