Top News & Analysis Chicago

  • The forecast and weak quarterly sales at domestic McDonald's restaurants sent shares in the world's biggest restaurant company down 4.5 percent to $121.71 and pulled down most of the restaurant sector. The Dow Jones U.S. Restaurants& Bars Index was off 2.2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of...

  • Edwards earned 76 cents a share, excluding one-time items, in the second quarter. Analysts on average had expected 70 cents a share, according to Thomson Reuters I/B/E/S. The Irvine, California- based medical device maker raised its full-year forecast, excluding items, by 11 cents, to a range of $2.78 to $2.88 a share.

  • WASHINGTON, July 26- A record 64 percent of U.S. private sector workers are now entitled to sick leave, marking a steady rise in the past decade, the Labor Department said on Tuesday. The Labor Department said in a blog post that the percentage of workers with at least one day of sick leave had risen 3 points in the past year, and is up 7 percentage points since 2006..

  • They seem to be setting themselves up for at least being able to meet or beat expectations in the future by addressing it now, "said Jim Corridore, analyst at S&P Global Market Intelligence. Caterpillar said global uncertainty persists, and the recent vote in Britain to leave the European Union and the attempted coup in Turkey have heightened risks, especially in...

  • NEW YORK, July 26- U.S. crude prices fell on Tuesday, hitting three-month lows, as worries over a gasoline glut outweighed expectations of U.S. crude stock declines, while Brent erased early losses to settle higher due to its better fundamentals versus U.S. crude. "The Brent-WTI spread play has picked up to Brent's advantage, given the depressing inventory...

  • The Dow Jones U.S. Restaurants& Bars Index was off 2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of profits from the United States. Bernstein analyst Sara Senatore said restaurant companies, which are grappling with profit-squeezing minimum wage increases, use more labor than grocery stores and have the...

  • The Dow Jones U.S. Restaurants& Bars Index was off 2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of profits from the United States. Bernstein analyst Sara Senatore said restaurant companies, which are grappling with profit-squeezing minimum wage increases, use more labor than grocery stores and have the...

  • The company confirmed a week ago that U.S. regulators were investigating claims by two Chicago- area dealerships that they had been forced by Fiat Chrysler officials to falsify sales reports. An internal review at Fiat Chrysler had found that its U.S. sales figures were inflated by 5,000 to 6,000 vehicles, Automotive News reported on Monday, citing company...

  • *WTI lowest since April 20, Brent down to May 10 low. NEW YORK, July 26- Oil prices dipped on Tuesday, with U.S. crude hitting three-month lows, as oversupply concerns weighed on the petroleum complex ahead of data likely to show unseasonably high gasoline stocks despite the peak U.S. summer driving period. "Our shift to a bearish stance that was initiated more than...

  • Caterpillar said global uncertainty persists, and the recent vote in Britain to leave the European Union and the attempted coup in Turkey have heightened risks, especially in Europe. The world's largest construction and mining equipment maker, lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion.

  • July 26- McDonald's Corp posted lower-than-expected second-quarter U.S. sales at established restaurants, the latest in a string of disappointing reports from chains such as Dunkin' Donuts, Starbucks and Wendy's. Shares tumbled 4.1 percent to $122.21 in McDonald's, the world's biggest fast-food chain, which gets roughly one-third of its revenue and 40...

  • The company's $1.09 in earnings per share, excluding restructuring costs, was better than analysts' expectations of 96 cents, but below a revised $1.40 a year ago. The world's largest construction and mining equipment maker lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion. Caterpillar expects...

  • July 26- Wall Street was little changed on Tuesday morning as investors assessed a host of corporate earnings reports and braced for the Federal Reserve's policy meeting. Traders have priced in an 18.7 percent chance of a rate increase in September and a 42.8 percent chance in December, according to CME Group's FedWatch tool. Strong economic data, an...

  • July 26- McDonald's Corp reported much lower-than-expected quarterly sales growth at established restaurants in the United States and the fast-food chain said it faced "a challenging environment in several key markets." The company's shares fell as much as 3.7 percent to $122.63 in early trading on Tuesday. "There is no doubt that in the United States the...

  • July 26- Wall Street was set to open little changed on Tuesday as investors awaited the Federal Reserve's meeting and braced for earnings reports from companies such as Apple and Twitter. Strong economic data, an improvement in quarterly earnings and low expectations of a rate hike have spurred Wall Street to record highs in the past two weeks.

  • The company, the world's largest construction and mining equipment maker, lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion. Caterpillar expects earnings of $2.75 per share, or $3.55 excluding restructuring costs, from $3.00, or $3.70 excluding restructuring costs. Caterpillar reported...

  • PARIS/ SINGAPORE, July 26- Chicago soybeans ticked higher on Tuesday, supported by an easing dollar, but held close to an earlier three-month low as a U.S. government report confirmed favourable crop conditions. Chicago wheat fell to break a three-day rally, pressured by a pullback in European wheat futures after a surge last week on deteriorating harvest...

  • NEW YORK/ SAN FRANCISCO, July 26- The 1923 middle school building in Oregon's Corbett School District is so old that horses and trailers were used to dig the basement. The amount of debt sold so far this year in the $3.7 trillion market for U.S. municipal and state debt is less than in 2015 despite record-low borrowing rates. The yield on top-rated municipal 30- year...

  • NEW YORK/ CHICAGO, July 26- Record low interest rates so far have failed to spur a wave of new borrowing in the $3.7 trillion U.S. municipal debt market, with one exception: its weakest borrowers are seizing the opportunity to prop up their finances at costs they can afford. Some cash-strapped areas, including Illinois and low-rated Chicago, can also issue bonds for...

  • NEW YORK/ SAN FRANCISCO, July 26- The 1923 middle school building in Oregon's Corbett School District is so old that horses and trailers were used to dig the basement. The amount of debt sold so far this year in the $3.7 trillion market for U.S. municipal and state debt is less than in 2015 despite record-low borrowing rates. The yield on top-rated municipal 30- year...