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Top News & Analysis Chicago

  • Feb 7- The possibility New York City could lose some federal funding as a result of its status as a haven for undocumented immigrants did not deter investors who snapped up $900 million of the city's bonds on Tuesday. Jack Sterne, a spokesman for the New York City Comptroller's Office, said the deal was increased to $900 million after more than $600 million of bonds...

  • CHICAGO, Feb 7- U.S. agricultural trader Archer Daniels Midland Co said on Tuesday it expects to benefit from several major policy changes proposed by President Donald Trump and believes it can adjust to any potential disruptions to trade with key partners such as Mexico. The Chicago- based agribusiness downplayed concerns that a trade war could erupt over the...

  • CHICAGO, Feb 7- U.S. agricultural trader Archer Daniels Midland Co on Tuesday reported a 41 percent drop in quarterly profit from a year earlier, when the company recorded one-time gains of nearly $400 million. Net earnings attributable to the company fell to $424 million, or 73 cents per share, in the fourth quarter ended Dec. 31, from $718 million, or $1.19 per share,...

  • Feb 7- U.S. agricultural trader Archer Daniels Midland Co reported a 41 percent drop in quarterly profit from a year earlier, when the company recorded one-time gains of nearly $400 million. Net earnings attributable to the company fell to $424 million, or 73 cents per share, in the fourth quarter ended Dec. 31, from $718 million, or $1.19 per share, a year earlier.

  • STOCKHOLM- OECD Secretary-General Angel Gurria and Swedish Finance Minister Magdalena Andersson will attend a press conference- 1200 GMT. STOCKHOLM- OECD Secretary-General Angel Gurria and Sweden Finance Minister Magdalena Andersson will attend a press conference- 1230 GMT. STOCKHOLM- Riksbank executive board meeting.

  • STOCKHOLM- OECD Secretary-General Angel Gurria and Swedish Finance Minister Magdalena Andersson will attend a press conference- 1200 GMT. STOCKHOLM- OECD Secretary-General Angel Gurria and Sweden Finance Minister Magdalena Andersson will attend a press conference- 1230 GMT. STOCKHOLM- Riksbank executive board meeting.

  • STOCKHOLM- OECD Secretary-General Angel Gurria and Swedish Finance Minister Magdalena Andersson will attend a press conference- 1200 GMT. STOCKHOLM- OECD Secretary-General Angel Gurria and Sweden Finance Minister Magdalena Andersson will attend a press conference- 1230 GMT. STOCKHOLM- Riksbank executive board meeting.

  • Feb 6- Tyson Foods Inc disclosed on Monday it has received a subpoena from the U.S. Securities and Exchange Commission following allegations it conspired with rivals for years to fix chicken prices. Tyson received the subpoena from the SEC on Jan. 20 in connection with an investigation related to the company, according to regulatory documents.

  • WASHINGTON, Feb 6- Former and current employees of the U.S. Environmental Protection Agency expressed opposition to President Donald Trump's pick to run the agency on Monday- in an open letter and a small street protest- reflecting divisions over the new administration's plans to slash regulation. In Chicago, around 30 employees of the EPA's regional office...

  • CBOE, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, said its operating expenses rose about 10 percent to $88.1 million. The company's net income allocated to common shareholders fell 10.8 percent to $44.8 million, or 55 cents per share, in the quarter ended Dec. 31. However, the company earned 63 cents per share, excluding items, beating the...

  • Feb 6- CBOE Holdings Inc, the operator of the largest U.S. options exchange, reported a 10.8 percent fall in quarterly profit, hit by higher costs. Chicago- based CBOE said on Monday that net income allocated to common shareholders fell to $44.8 million, or 55 cents per share, in the fourth quarter ended Dec. 31, from $50.2 million, or 61 cents per share, a year earlier.

  • *OPEC and Russian oil supply cuts lend support. NEW YORK, Feb 6- Oil fell on Monday as ample U.S. supplies and excess speculative length outweighed OPEC output curbs and rising tensions between the United States and Iran. "We feel that the bulk of the price decline related to the larger-than-expected increase in net WTI speculative length as well as another hefty...

  • Feb 6- A company that operates red-light traffic cameras will pay Chicago $20 million to settle a lawsuit arising from a bribery scheme between the firm's former chief executive and a city transportation official, officials said on Monday. The city's settlement with the firm and its Australian parent company, Redflex Holdings Ltd, ends Chicago's civil...

  • *U.S. dollar edges higher amid Europe political uncertainty. *OPEC and Russian oil supply cuts lend support. NEW YORK, Feb 6- Oil fell more than 1 percent on Monday as a stronger dollar, ample U.S. supplies and excess speculative length outweighed OPEC output curbs and rising tensions between the United States and Iran.

  • *Most U.S. yields hit lowest in at least 13 days. NEW YORK, Feb 6- U.S. short- and medium-dated Treasury yields hit their lowest levels in at least 13 days on Monday on mounting European political uncertainty and a dearth of information on U.S. Benchmark 10- year Treasury yields touched 2.415 percent, their lowest level since Jan. 24.

  • PARIS/ SINGAPORE, Feb 6- Chicago soybeans rose 1 percent on Monday, recouping losses from the previous session as stronger exports supported Corn edged higher, halting two sessions of losses, while wheat also ticked up in a subdued start to the week in grain markets, with attention shifting towards the U.S. government's monthly world crop report on Feb. 9.

  • A man walks past a Macy's department store in Washington, DC.

    Hudson's Bay Co has made a takeover approach for struggling retailer Macy's Inc, people familiar with the matter said.

  • Feb 3- Hudson's Bay Co has made a takeover approach for struggling retailer Macy's Inc, people familiar with the matter said, trying to push further into the U.S. market where it already owns the Lord& Taylor and Saks Fifth Avenue chains. Macy's, the host of New York's annual Thanksgiving Day parade, is in the midst of a turnaround engineered by Chairman and Chief...

  • CHICAGO, Feb 3- Wal-Mart Stores Inc Chief Executive Officer Doug McMillon said on Friday his meeting with President Donald Trump offered an important opportunity to discuss the economy and job creation. Chief executives of major U.S. companies huddled at the White House, and some of them expressed concern about a travel ban on people from seven...

  • Feb 3- Hudson's Bay Co has made a takeover approach for retailer Macy's Inc, which has struggled with a turnaround, people familiar with the matter said, as the owner of the Lord& Taylor and Saks Fifth Avenue chains tries to push further into the U.S. market. Shares of Macy's, which had a market value of about $9.4 billion as of Thursday's close, rose 7 percent to $32.81 in...