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Top News & Analysis Chicago

  • *The most active soybean futures on the Chicago Board Of Trade rose 0.1 percent to $10.48-1/ 2 a bushel, having firmed 0.41 percent on Tuesday. *The U.S. Agriculture Department said on Tuesday morning that private exporters reported the sale of 198,000 tonnes of soybeans to China for delivery during the 2016-17 marketing year and 378,000 tonnes of soybeans to...

  • *Financials add to post-election run, Wells Fargo leads. Dec 6- Wall Street climbed on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high. Financials have climbed more than 15 percent since the Nov. 8 election and are seen as one of the sectors particularly...

  • Dec 6- The U.S. Supreme Court on Tuesday made it easier to prosecute insider trading cases, ruling that tipsters who provide confidential information that enables friends and family to profit do not need to get something in return to have broken the law. In the court's first insider trading ruling in two decades, the justices by an 8-0 vote upheld the 2013...

  • CHICAGO, Dec 6- The bank lenders of Caesars Entertainment Corp's operating unit said they might walk away from a plan to bring the casino unit out of its $18 billion bankruptcy, potentially sending a high-stakes reorganization plan into disarray. The committee of bank lenders, which includes Blackstone Group LP's GSO Capital Partners, has yet to resolve a...

  • The justices, in an 8-0 decision, upheld the 2013 conviction of Bassam Salman, a Chicago man who made nearly $1.2 million trading on non-public information that came from his brother-in-law at Citigroup Inc. It was the court's first ruling in an insider trading case in two decades. The ruling was a major victory for securities regulators and prosecutors, who for...

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information. The justices, in an 8-0 decision, ruled against Bassam Salman, who was appealing a 2013 conviction stemming...

  • *OPEC, Russian oil output at record highs. *Saudi price war, Neutral Zone plan undermine OPEC promise. After rising over 15 percent over the four sessions since the Nov. 30 OPEC meeting, Brent futures were down $1.25, or 2.3 percent, to $53.69 a barrel at 10:13 a.m. EST.

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information. The justices, in an 8-0 decision, ruled against Bassam Salman, who was appealing a 2013 conviction stemming...

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information.

  • Dec 6- Verizon Communications Inc, the No. 1 U.S. wireless carrier, is selling 29 data centers in the United States and Latin America to Equinix Inc for $3.6 billion, as the telecom giant focuses on its core business. The data centers being sold are located in 15 metro areas, including New York, Atlanta, Chicago, Bogota and Sao Paulo. Verizon has pivoted to mobile video and...

  • Dec 6- Verizon Communications Inc, the No. 1 U.S. wireless carrier, is selling 29 data centers to Equinix Inc for $3.6 billion, as the telecom giant focuses on its core business. The data centers being sold are located in 15 metro areas in the United States and Latin America, including New York, Atlanta, Chicago, Bogota and Sao Paulo. Equinix was advised by Evercore, J.P....

  • Dec 6- Verizon Communications Inc, the No. 1 U.S. wireless carrier, has agreed to sell 29 data centers to Equinix Inc for $3.6 billion. The data centers being sold are located in 15 metro areas, including New York, Atlanta, Chicago, Bogota and Sao Paulo. The sale represents Verizon's efforts to streamline its business and follows the divestment last year of a chunk of its...

  • PARIS/ SINGAPORE, Dec 6- Chicago corn futures edged lower on Tuesday as the market took a breather after notching up its biggest one-day gain in almost eight weeks thanks to strong demand and short-covering by investors. Wheat was almost unchanged after two sessions of gains, as the market weighed up supply pressure from an expected record harvest in Australia...

  • LONDON, Dec 6- The euro held firm on Tuesday, having seen a wild 3- cent swing in the wake of Italy's referendum, while the region's bond yields dipped in line with U.S. peers as oil saw its first fall for five days. Asian stocks saw their strongest day for 2 weeks overnight after Wall Street's Dow Jones index hit a record high, and Europe's main bourses struggled into...

  • SYDNEY, Dec 6- U.S. corn futures dipped on Tuesday, edging down from a more than four-month high touched in the previous session, as abundant global supplies offset support from strong cash markets and better-than-expected demand for U.S. stocks. *The most active corn futures on the Chicago Board Of Trade fell 0.4 percent to $3.58 a bushel, having gained 3.5 percent...

  • PHOENIX, Dec 5- Federal Reserve officials cautioned on Monday that the incoming Trump administration's economic plans should not be cast as if the economy is in crisis, but instead be designed to help the economy's long-run prospects. Louis Fed President James Bullard said in remarks in Phoenix at a luncheon sponsored by Arizona State University.

  • Backed by the International Brotherhood of Teamsters, maintenance technicians at Chicago- based United, the No. 3 U.S. airline by passenger traffic, will see pay hikes that will put their compensation packages "2 percent above the highest compensation in the industry every two years."

  • CHICAGO, Dec 5- Citing rising 10- year U.S. Treasury yields and his forecast for about 2.25 percent economic growth next year, Chicago Federal Reserve President Charles Evans said on Monday he expects interest rates to continue to rise as the economy improves. The yield on the benchmark 10- year Treasury note, which has risen to about 2.4 percent from below 2...

  • *Retailers look for people skills, brand knowledge when hiring. Dec 5- This U.S. holiday shopping season, wearing the brand is more likely to help get you a job in a store than experience, as retailers look for enthusiasm that will persuade customers to spend and help numb the impact of online rivals like Amazon.com Inc.. Hiring managers in the United States said they...

  • CHICAGO, Dec 5- Citing rising 10- year U.S. Treasury yields and his forecast for about 2.25 percent economic growth next year, Chicago Federal Reserve President Charles Evans said on Monday he expects interest rate hikes to continue to rise as the economy improves. The yield on the benchmark 10- year Treasury note, which has risen to about 2.4 percent from below 2...