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Top News & Analysis Chicago

  • CHICAGO, Sept 14- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, a U.S. judge said on Wednesday. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global...

  • *Offers back on for Nigeria's Que Iboe crude, adding pressure. NEW YORK, Sept 14- Oil prices fell about 3 percent for a second straight day on Wednesday, after data showing large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles. U.S. inventories of distillates, which include diesel and heating oil, rose by 4.6 million barrels in the...

  • By Diane Bartz and Greg Roumeliotis. WASHINGTON D.C./ NEW YORK, Sept 14- As the global agricultural sector races to consolidate, Bayer AG's $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease in the United States and abroad over the future of food production. Monsanto and Bayer "have chosen to do a deal in the year of...

  • *EIA reports 559,000 bbls crude draw vs 3.8 mln build forecast. NEW YORK, Sept 14- Oil prices fell about 3 percent for a second straight day on Wednesday, after data showing large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles. U.S. inventories of distillates, which include diesel and heating oil, rose by 4.6 million barrels in the...

  • Less dovish comments last Thursday by European Central Bank President Mario Draghi also sparked rapid selling in stocks and bonds alike as investors worry that global central banks are facing fewer options as they attempt to stimulate growth and inflation. "The whole thing started with Japan and the idea that they're not going to be buying as much long-term...

  • NEW YORK/ FRANKFURT, Sept 14- German drug and crop chemical maker Bayer clinched a $66 billion takeover of U.S. seeds company Monsanto on Wednesday, ending months of wrangling with a third sweetened offer that marks the largest all-cash deal on record. "Bayer's competitors are merging, so not doing this deal would mean having a competitive disadvantage," said fund...

  • On Tuesday, crude futures settled down 3 percent after the world's energy watchdog and OPEC both revised forecasts that signaled the global crude glut could persist much longer than expected. "I am expecting an across-the-board build with a large build in crude oil as imports recover after the tropical storm in the Gulf," said Dominick Chirichella, senior...

  • NEW YORK, Sept 14- U.S. Less dovish comments last Thursday by European Central Bank President Mario Draghi have sparked rapid selling in stocks and bonds alike as investors worry that global central banks are facing fewer options as they attempt to stimulate growth and inflation. "The whole thing started with Japan and the idea that they're not going to be buying...

  • BEIJING, Sept 14- On the surface, the timing of the United States' audacious challenge to China's price supports for its grain farmers looks odd. Farmers in the world's second-biggest economy are currently harvesting their first corn crop in a decade that will not be priced by the government, after Beijing launched efforts to reform its corn policy earlier this...

  • A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA.

    A spat among airlines over which deserved the contract to fly U.S. government workers on certain routes intensified on Tuesday.

  • HAMBURG/ SINGAPORE, Sept 14- Chicago soybeans rose on Wednesday on purchase interest after falling steeply this week as dealers wait to see if forecasts of all-time high U.S. crops from the U.S. Department of Agriculture will be achieved. "Soybeans and corn are receiving some support from bargain-buying after their heavy falls this week after the USDA forecast...

  • WASHINGTON, Sept 13- A spat among airlines over which deserved the contract to fly U.S. government workers on certain routes intensified on Tuesday, with the chief executive of JetBlue Airways Corp calling rivals hypocritical for protesting its award. The largest U.S. airlines have taken issue with a contract for federal employees to buy flights between New...

  • LONDON, Sept 13- The U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday. While the firm said Trump's policies- including more protectionist trade measures, tax cuts and mass deportation of illegal...

  • NEW YORK/ LONDON, Sept 13- Gold fell for the fifth straight day on Tuesday, weighed down by a firmer dollar and a jump in Treasury yields as well as uncertainty about whether the U.S. central bank will raise interest rates next week. As the day weighed on and the Treasury auction failed to produce the results expected, we saw yields jump up and the gold market fell, "said...

  • *Corn, soy remain pressured by big USDA crop forecasts. CHICAGO, Sept 13- U.S. soybean futures dropped 2 percent on Tuesday, extending the previous session's steep losses after the U.S. Department of Agriculture raised its production forecast well above market expectations. Corn futures also fell as the USDA projected a record-large U.S. crop that would outstrip...

  • Sept 12- President Barack Obama on Monday urged U.S. insurers offering coverage next year under his national healthcare law to step up their efforts to enroll those who remain uninsured, especially younger and healthier Americans. Obama, Secretary of Health and Human Services Sylvia Burwell and other top health advisers on Monday met with executives from...

  • Sept 12- President Barack Obama on Monday urged U.S. insurers offering coverage next year under his national healthcare law to step up their efforts to enroll those who remain uninsured, especially younger and healthier Americans. A spokeswoman for industry group America's Health Insurance Plans did not have an immediate comment on Obama's letter.

  • Sept 12- President Barack Obama on Monday urged U.S. insurers offering coverage next year under his national healthcare law to step up their efforts to enroll those who remain uninsured, especially younger and healthier Americans. Several big insurers, including UnitedHealth Group Inc, Aetna Inc and Humana Inc, have announced they will pull back from the...

  • NEW YORK, Sept 12- Payments app Venmo will roll out its first major promotional campaign on Monday, intensifying its battle over young customers' wallets with big banks. Its 15- and 30- second video ads will begin appearing nationally Monday evening on cable networks including MTV and Comedy Central, and on internet-based services Hulu and YouTube.

  • CHICAGO, Sept 12- Chicago would sell up to $3.5 billion of revenue bonds this year for its O'Hare International Airport under proposals approved on Monday by the city council's finance committee. Mayor Rahm Emanuel proposed refunding up to $1.5 billion of general airport revenue bonds through Bank of America Merrill Lynch to save an estimated $187.2 million,...