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Top News & Analysis Chicago

  • Sept 21- Wal-Mart Stores Inc must face a class-action lawsuit accusing the world's largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico, a U.S. judge said. District Judge Susan Hickey in Fayetteville, Arkansas rejected Wal-Mart's contention that a Michigan pension fund had no standing to lead the...

  • CHICAGO, Sept 21- Caesars Entertainment Corp said on Wednesday it proposed along with its private equity backers a settlement offer with an added $1.6 billion for creditors of its casino operating unit, raising hopes of an end to the subsidiary's costly bankruptcy. Apollo Global Management and TPG Capital Management, the private equity firms that control the...

  • NEW YORK, Sept 21- Boeing Co said it had received on Wednesday a U.S. government license allowing it sell jetliners to Iran, ending a decades-long ban and matching European rival Airbus, which also said it received license approval. The green light allows the Chicago- based plane maker to conclude sales of more than 100 planes that were outlined in a memorandum of...

  • NEW YORK, Sept 21- What does a pug looking at a computer have to do with the Oct. 1 start date for parents and students to fill out the federal financial aid form known as the FAFSA? The "get the word out" efforts come from many directions, said Justin Draeger, president of the National Association of Student Financial Aid Administrators. Along with national...

  • Sept 21- The United States could save at least $15.5 billion in annual healthcare spending if malnutrition caused by chronic diseases is better addressed, according to a study. The study, conducted by Abbott Laboratories' nutrition division and the University of Illinois, noted one in three patients who arrive at a U.S.-hospital suffer from malnutrition.

  • Sept 21- Harley-Davidson Inc. shares jumped nearly 7 percent early on Wednesday as speculation resurfaced the company was a buyout target of equity firm Kohlberg Kravis and Roberts. Shares then pared gains after a company spokesperson said the company was not "aware of" anything specific that boosted the shares about 6.8 percent. "We don't comment on rumors,"...

  • NEW YORK, Sept 21- Boeing Co said on Wednesday it expected to receive a U.S. license to sell jetliners to Iran soon, after Airbus confirmed earlier in the day that it had been licensed for similar sales by the Treasury Department. "We understand that the U.S. government has issued Airbus a license to sell aircraft to Iran," Chicago- based Boeing said in a statement.

  • NEW YORK, Sept 21- Oil prices were up as much as 2 percent on Wednesday, reacting to the possibility of another surprise weekly drop in U.S. inventories amid an industry strike in Norway that threatened to cut North Sea crude output. Also supporting crude prices was speculation that OPEC and oil producers will agree to some sort of a production-freeze deal in talks...

  • *The most active soybean futures on the Chicago Board Of Trade fell 0.3 percent to $9.86-3/ 4 a bushel, having closed up 1.8 percent on Tuesday when prices hit a high of $9.94 a bushel- the strongest since August 25. *The USDA said after the market close on Monday that 9 percent of U.S. corn had been harvested as of Sunday, down from the five-year average of 12 percent for...

  • *Fed statement due at 2:00 p.m. ET Wednesday. Sept 20- Wall Street ended little changed on Tuesday as healthcare gains countered declines in energy shares, a day before highly anticipated outcomes of monetary policy meetings in the United States and Japan. "Not many think the Fed is going to hike tomorrow, but whether they change the language to get a little more...

  • PARIS/ SINGAPORE, Sept 20- Chicago soybeans rose for a fourth straight session on Tuesday as harvest rain in the U.S. Chicago Board Of Trade most-active soybean contract rose 0.8 percent to $9.80 a bushel by 1030 GMT. Corn inched up 0.3 percent to $3.38-1/ 4 a bushel and wheat added 0.4 percent to $4.05-3/ 4 a bushel.

  • SINGAPORE, Sept 20- Chicago soybeans rose for a fourth straight session on Tuesday as excessive rains in parts of the U.S. Chicago Board Of Trade most-active soybean contract rose 0.7 percent to $9.79-1/ 4 a bushel by 0300 GMT. Earlier in the session it rose to $9.83, its highest since Sept. 12.

  • SYDNEY, Sept 20- U.S. corn edged lower on Tuesday despite the U.S. Department of Agriculture pegging harvest progress below market expectations as forecasts for drier weather across key U.S. growing regions eased fears of further delays. *The USDA said 9 percent of U.S. corn was harvested as of Sunday, down from the five-year average of 12 percent for this time of...

  • CHICAGO, Sept 19- Wal-Mart Stores Inc on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month. Wal-Mart Chief Executive Doug McMillon announced the closing of the deal, which was pending regulatory approval, in a blog post on the retailer's website.

  • CHICAGO, Sept 19- Wal-Mart Stores Inc on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month.

  • Corn turned higher on chart-based buying and Chicago wheat finished mixed, held in check by an ongoing disruption in Egyptian wheat imports. Chicago November soybean futures climbed 6-1/ 2 cents, or 0.8 percent, to $9.72-1/ 2 a bushel after hitting a one-week high of $9.81-1/ 4. Spillover strength from Malaysian palm oil, a rival oilseed that rose on Monday on...

  • *Traders reassess Venezuela's bid to talk up output freeze. NEW YORK, Sept 19- Oil rallied on Monday before settling off its highs on skepticism over Venezuela's bid to talk up a potential OPEC output freeze and on indications U.S. crude stockpiles had risen last week. Clashes in Libya that foiled a restart of crude exports from key ports, along with higher equity...

  • *Egypt cancels third wheat tender. Chicago wheat gained modestly, held in check by corn's slide and an ongoing disruption in Egyptian wheat imports. Chicago Board of Trade most active December corn dropped 1-3/ 4 cents, or 0.5 percent, to $3.35-1/ 4 a bushel at 12:17 p.m. CDT after reaching a near one-week high of $3.40 early in the session.

  • *Wheat steady with corn but Egypt saga hangs over market. PARIS/ SINGAPORE, Sept 19- Chicago soybeans and corn both built on their gains at the end of last week on Monday as rain over the past few days in the U.S. Chicago Board of Trade's most-active soybean contract was 1 percent higher at $9.75-1/ 2 a bushel by 1124 GMT after earlier hitting a one-week high of $9.81-1/ 4.

  • The world wheat harvest hit a record in 2016, sending nearby Chicago Board of Trade futures to 10- year lows below $4 a bushel. The strong dollar is adding to the pain for U.S. farmers, as it makes the exports of competitors such as Russia and Ukraine more attractive. Russia is projected to overtake the United States and the European Union as the top wheat exporter...