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Top News & Analysis Chicago

  • NORTH CHARLESTON, South Carolina, Oct 5- R epresentatives from Air India took delivery on Friday of the first Boeing Co 787 Dreamliner made in South Carolina and the first manufactured outside Boeing Commercial Airplane's headquarters in Washington state.

  • FAIRFAX, Va., Oct 5- President Barack Obama on Friday hailed a drop in the U.S. jobless rate to the lowest level since he took office, saying the country has "come too far to turn back now," as he sought to recover from a lackluster debate performance against Republican challenger Mitt Romney.

  • *Nonfarm payrolls rose 114,000 in September* Unemployment rate falls to 7.8 percent, lowest since 2009* Household survey shows most job gains since 1983* Average hourly earnings gain 7 cents* Report is second to last before Nov. 6 elections By Lucia Mutikani.

  • *Fred Hassan to become nonexecutive chairman in January. By Jessica Wohl and Phil Wahba. Oct 5- Avon Products Inc.

  • CHICAGO, Oct 5- Ed Zwirner and his wife, Alison Loeppert, recently bought an historic house in the Chicago suburbs without brokers' fees, tight moving deadlines, undetected defects or other stresses that accompany one of life's biggest purchases. "It was the perfect solution for them and us," said Loeppert's mother, Alice Loeppert. "

  • CHICAGO-- Grain prices traded mixed Friday in early trading on the Chicago Board of Trade. Wheat for December delivery fell 1.75 cent to $8.6750 a bushel; December corn fell 7 cents to $7.50 a bushel; December oats were unchanged at $3.7075 a bushel; while November soybeans rose 4.50 cents to $15.56 a bushel.

  • *Nonfarm payrolls rose 114,000 in September* Unemployment rate falls to 7.8 percent, lowest since 2009* Household survey shows most job gains since 1983* Average hourly earnings gain 7 cents* Report is second to last before Nov. 6 elections By Lucia Mutikani.

  • *Fred Hassan to become nonexecutive chairman in January. Oct 5- Avon Products Inc said Executive Chairman Andrea Jung, who was replaced as chief executive officer in April, would step down from the board at the end of 2012, ending what became a tumultuous tenure in recent years and sending the company's shares up nearly 6 percent.

  • Labor Secretary Hilda Solis, in response to questions from a television anchor casting doubt on the validity of the latest jobless rate figures, said the idea it was manipulated is "ludicrous." "I'm insulted when I hear that, because we have a very professional civil service organization.

  • NEW YORK-- An analyst reiterated his "Buy" rating on plane maker Boeing Co. Friday, noting a recent pullback in the stock and an improving mix of aircraft deliveries. Boeing delivered 10 new Apache attack helicopters, 18 Chinook cargo helicopters and 12 F-18 fighter-bomber jets in the third quarter.

  • CHICAGO-- A federal judge sentenced former Illinois powerbroker William Cellini to a year in prison Thursday for conspiring to shake down a movie producer, capping off the last trial to stem from the investigation of former Gov.

  • Oct 5- Avon Products Inc said on Friday that Executive Chairman Andrea Jung, who was replaced as chief executive officer in April, has decided to step down from the board at the end of 2012, ending what became a tumultuous tenure in recent years. Fred Hassan will become Avon's nonexecutive chairman on Jan. 1.

  • Oct 5- Avon Products Inc said on Friday that Executive Chairman Andrea Jung, who was replaced as chief executive officer in April, will step down from the board at the end of 2012..

  • *Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell on Friday and headed for a weekly loss as a fragile global economy and uncertainty about Europe's debt crisis countered any support from a better-than-expected U.S. employment report.

  • TOKYO, Oct 5- Japan's Nikkei stock average is likely to tread in range on Friday, as investors wait for the outcome of a Bank of Japan policy meeting due during trading hours, as well as key U.S. jobs data later in the day. closed at 8,845 on Thursday, up 0.1 percent from the Osaka.

  • Oct 4- The Federal Reserve appears to be moving toward adopting specific numerical thresholds for inflation and joblessness as guideposts for monetary policy. Most policymakers think doing so would be a useful step, minutes from the Fed's September policy-setting meeting showed.

  • The informant, a Wall Street banker who remained anonymous to protect his career, previously received two other million-dollar payouts from the IRS, said his attorney, Erika Kelton, with Phillips& Cohen in Washington. His reward last week could have been larger if his claims were brought forward under newer IRS whistleblower rules revamped in 2006, she said.

  • *Middle East tensions, Turkey strikes at Syria lift oil. NEW YORK, Oct 4- Oil prices jumped 4 percent on T hursday as inflamed Middle East tensions stoked supply fears and U.S. gasoline futures rallied following a fire at the largest operating refinery in the United States.

  • LOS ANGELES/ CHICAGO, Oct 4- Walmart employees affiliated with a union-backed group walked off the job in Los Angeles on Thursday, protesting conditions at the world's largest retailer, which promptly defended itself, saying the "publicity stunt" was not having an impact on its business. unfair labor practices by Wal-Mart Stores Inc, sponsors of the action said.

  • WASHINGTON-- The Federal Reserve wants to find a clearer way to signal to the public when it might start raising interest rates. Most members agreed at the Sept. 12-13 meeting that linking a future rate increase to a level of unemployment or some other numeric target could be useful.