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Top News & Analysis Chicago

  • Jan 13- Wal-Mart Stores Inc on Friday announced a management shuffle that integrates the running of its physical outlets and online operations, and extends broader authority to the former head of online retailer Jet.com, which Wal-Mart bought for $3.3 billion last year. Tony Rogers, the chief marketing officer of Wal-Mart in the United States, will now also...

  • CHICAGO, Jan 13- Chicago's cash-strapped public school system ordered its teachers and administrators on Friday to take four unpaid days off to offset state funding withheld by Illinois' Republican governor. The nation's third-largest school system had been counting on a $215 million infusion of state funds to stabilize its pensions and had included that...

  • WASHINGTON, Jan 13- The U.S. Supreme Court on Friday agreed to consider whether companies can head off costly class action lawsuits by forcing employees to give up their right to pursue work-related legal claims in court as a group. The justices took up appeals of three lower court rulings, including one involving global professional services giant Ernst& Young,...

  • *Libya's oil production up to 750,000 bpd- deputy PM. NEW YORK, Jan 13- Oil prices fell on Friday and ended the week 3 percent lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009..

  • *Many analysts expect OPEC cut compliance of 50-80 pct. NEW YORK, Jan 13- Oil prices fell on Friday and were on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009..

  • *Many analysts expect OPEC cut compliance of 50-80 pct. NEW YORK, Jan 13- Oil prices fell on Friday and were on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer China after it reported the steepest falls in overall exports since 2009..

  • *USDA trims estimates for U.S. soybean crop yields, stocks. PARIS/ SINGAPORE, Jan 13- Chicago grain and soybean futures edged lower on Friday as a day-earlier rally sparked by some lower-than-expected U.S. government crop estimates stalled in the face of hefty global supplies. CBOT's soft red winter wheat benchmark was down 0.2 percent at $4.25-1/ 4 a bushel but its...

  • WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a townhall meeting with educators from across the Country United States- 0000 GMT. TOKYO- Asian Development Bank President Takehiko Nakao delivers speech about the outlook for Asian economies and the role of ADB- 0800 GMT. STOCKHOLM- Riksbank Deputy Governor Henry Ohlsson talks about current...

  • SEATTLE, Jan 12- Boeing Co has begun offering airlines a stretched version of its new 737 MAX narrow-body aircraft, according to a report by CNN Money on Thursday. Boeing has said it is talking with customers about adding the bigger plane to its 737 MAX family, which boasts greater fuel efficiency than current-generation 737 s. "We are continuing to work through the...

  • *CBOT soybeans touch 3-1/ 2 week high after USDA reports. *Wheat up after USDA says winter acreage lowest since 1909. Wheat futures advanced after the USDA said farmers planted the fewest U.S. acres to winter wheat since 1909.

  • NEW YORK, Jan 12 (Reuters- Citadel LLC has agreed to settle accusations by the U.S. Securities and Exchange Commission that its market-making arm misled customers about the routing of their stock orders, people familiar with the case told Reuters this week. Terms of the settlement, including the specifics of the SEC's allegations and the amount of any fine, were...

  • The EPA action affects 104,000 U.S. trucks and SUVs sold since 2014, about one-sixth the vehicles in the Volkswagen case. The EPA and California Air Resources Board told Fiat Chrysler it believes its undeclared auxiliary emissions control software allowed vehicles to generate excess pollution in violation of the law and each issued notices of violation.

  • The EPA action affects 104,000 U.S. trucks and SUVs sold since 2014, about one-sixth the vehicles in the Volkswagen case. The EPA and California Air Resources Board told Fiat Chrysler it believes its undeclared auxiliary emissions control software allowed vehicles to generate excess pollution in violation of the law. He said the EPA and the company could...

  • The EPA action affects 104,000 U.S. trucks and SUVs sold since 2014, about one-sixth the vehicles in the Volkswagen case. The EPA and California Air Resources Board told Fiat Chrysler it believes its undeclared auxiliary emissions control software allowed vehicles to generate excess pollution in violation of the law. He said the EPA and the company could...

  • WASHINGTON, Jan 12- U.S. farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29- year high, the U.S. Agriculture Department said on Thursday. USDA also dialed back its harvest estimates for the U.S. soybean and corn crops but 2016/ 17 marketing year production of both commodities remained at record...

  • WASHINGTON, Jan 12- U.S. farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29- year high, the U.S. Agriculture Department said on Thursday. USDA also dialed back its harvest estimates for the U.S. soybean and corn crops but 2016/ 17 marketing year production of both commodities remained at record...

  • PARIS/ SINGAPORE, Jan 12- Chicago wheat futures fell for a third session on Thursday as favorable weather forecasts in U.S. and Black Sea growing belts kept prices under pressure ahead of a raft of U.S. government crop data later in the day. The USDA will release reports on U.S. grain stocks, U.S. annual crop production, U.S. winter wheat seeding and world supply and...

  • Newly empowered Republicans in Washington are not retreating from their battle to overturn a new regulation that protects retirement savers from conflicted investment advice. Chalk up the positive change of attitudes, in part, to all the attention surrounding the U.S. Department of Labor's so-called fiduciary rule- set for final implementation in April.

  • The secretary of the U.S. Department of Agriculture will not approve or reject the merger but will face the issue of industry consolidation. How Trump responds on those issues- and who he picks to lead the USDA- could determine whether he is able to maintain the strong rural support he demonstrated in the Nov. 8 election. Trump has also met with Elsa Murano,...

  • President-elect Donald Trump provided little clarity on future fiscal policies at a press briefing. Spot gold was up 0.4 percent at $1,196.06 per ounce, after touching a high of $1,198.58, its best since Nov. 23. "There is some kind of uncertainty in Trump's policies and the dollar's upside is also being questioned by the markets," Argonaut Securities analyst...