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  • CHICAGO, Nov 21- A judge ruled on Friday that an Illinois law aimed at easing the state's huge unfunded pension liability is unconstitutional, handing a victory to labor unions and state retirees who challenged the law and an initial defeat to the state's efforts to fix its sagging finances. The judge rejected the state's argument that public workers and...

  • WASHINGTON, Nov 21- U.S. House of Representatives Speaker John Boehner said on Friday that President Barack Obama's executive action on immigration had sabotaged chances for bipartisan legislation and vowed to lead a fight to block the order. Obama is set to sign the order, the biggest U.S. immigration changes in a decade, later on Friday at a high school in Las...

  • Wall St Week Ahead-Giving thanks for big stock gains Friday, 21 Nov 2014 | 1:29 PM ET

    NEW YORK, Nov 21- U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows. Citigroup on Thursday wrote that the market was "on the edge of euphoria... causing us to be more cautious," while Goldman...

  • Nov 21- A group of Walmart employees pushing for higher wages said they were planning to protest on Black Friday at 1,600 U.S. stores in areas including Washington and Los Angeles. The group also plans strikes at the San Francisco Bay Area, Sacramento, Chicago, Seattle, Texas, Minneapolis and Tampa among other places. Wal-Mart Stores Inc, owner of Walmart brand...

  • Grain mostly higher, livestock mostly lower Friday, 21 Nov 2014 | 10:49 AM ET

    CHICAGO— Grain futures were mostly higher Friday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 1.50 cents lower at $5.51 a bushel; Mar corn was 6 cents higher at $3.9225 a bushel; Dec oats were unchanged at $3.2575 a bushel; while Jan soybeans gained 13.50 cents to $10.34 a bushel. Feb live cattle was. 32 cent lower at $1.7150 pound; Jan feeder...

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • *Platinum briefly dips to a discount to gold. NEW YORK/ LONDON, Nov 20- Gold rose on Thursday on data showing rising U.S. inflation, and after the previous day's 1- percent drop triggered renewed physical interest by price-sensitive Asian buyers. Spot gold was up 0.7 percent at $1,191.44 an ounce by 1:55 p.m. EST, while U.S. gold futures for December delivery settled...

  • Green light for Illinois red-light camera law Thursday, 20 Nov 2014 | 1:01 PM ET

    CHICAGO— Red-light cameras will stay put at intersections in Illinois after a divided state Supreme Court couldn't reach a decision on their legality in a test case focused on Chicago, according to a Thursday filing. A spokesman for the city of Chicago, which has one of the nation's largest red-light camera programs, welcomed the outcome. Two Illinois justices,...

  • *Speculation of potential OPEC output cut on Nov. 27. NEW YORK, Nov 20- Oil rose on Thursday after three straight days of losses as strong U.S. economic data bolstered crude markets but focus remained on whether OPEC will cut enough output to end a five-month long selloff when it meets next week. On the OPEC front, chances have risen in recent days that the Organization...

  • Grain higher, livestock mixed Thursday, 20 Nov 2014 | 11:00 AM ET

    CHICAGO— Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $5.451 a bushel; Mar corn was 4.75 cents higher at $3.8075 a bushel; Dec oats were unchanged at $3.2650 a bushel; while Jan soybeans gained 2.25 cents to $10.07 a bushel. Feb live cattle was. 60 cent lower at $1.7170 pound; Jan feeder cattle...

  • UPDATE 1-Best Buy profit beats estimates as costs fall Thursday, 20 Nov 2014 | 8:18 AM ET

    Nov 20- Best Buy Co Inc, the largest U.S. consumer electronics retailer, reported a better-than-expected profit as cost cutting paid off and revenue increased after seven quarters of decline. Best Buy shares were up nearly 10 percent in heavy trading before markets opened. Best Buy has removed layers of management, cut jobs, shut stores and boosted cash reserves...

  • Best Buy profit doubles as U.S. sales rise Thursday, 20 Nov 2014 | 7:18 AM ET

    Nov 20- Best Buy Co Inc, the largest U.S. consumer electronics retailer, said quarterly profit nearly doubled as operating costs fell. The company said net income attributable to shareholders rose to $107 million, or 30 cents per share, in the third quarter ended Nov. 1, from $54 million, or 16 cents per share, a year earlier. Total revenue rose slightly to $9.38 billion...

  • Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. But Whirlpool, General Motors, Ford Motor Co and Con-way, and other...

  • Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. But Whirlpool, General Motors, Ford Motor Co and Con-way, and other...

  • EBay retools local delivery push in renewed bet on retail Wednesday, 19 Nov 2014 | 9:14 PM ET

    SAN FRANCISCO, Nov 19- EBay Inc is retooling its local delivery program and extending more logistics options to smaller merchants that make up the bulk of the e-commerce giant's sprawling base of marketplace sellers, an executive said on Wednesday. More of eBay's smaller sellers, including some with annual sales under $100,000, will allow shoppers to buy items...

  • Nov 19- Archer Daniels Midland Co sued seed company Syngenta AG on Wednesday over sales of a genetically modified corn variety not approved for import by China, joining more than 100 farmers and exporters in pursuing damages from the Swiss-based company. The lawsuit alleges that Syngenta commercialized the MIR162 corn variety, also known as Agrisure Viptera,...

  • WASHINGTON/ CHICAGO, Nov 19- U.S. farmers are about to reap a bumper harvest not just in corn and soybeans but also in new subsidies that could soar to $10 billion, blowing a hole in the government's promise that its new five-year farm bill would save taxpayers money. If payments for 2014, the first year the farm bill takes effect, do come in at that level- as some private...

  • SAN FRANCISCO, Nov 19- A San Francisco Bay Area entrepreneur and author whose location in an Uber vehicle was allegedly broadcast to a roomful of party-goers without his permission considered legal action against the company and consulted an attorney, he said on Wednesday. He singled out Pando Daily editor Sarah Lacy, saying researchers would be able to prove "a...

  • Nov 19- Almost two thirds of adults won't spend more this holiday season despite lower gas and fuel costs, a new Reuters/ Ipsos poll shows, in a bad sign for retailers looking for an extra boost in gift buying from cheaper prices at the pump. "We live on a budget so we have a certain amount for groceries, a certain amount for birthdays, a certain amount for holidays," said...

  • Nov 19- A federal judge on Wednesday allowed a lawsuit challenging the constitutionality of Michigan's emergency manager law to move forward on grounds that it might discriminate on the basis of race. The lawsuit contended that 52 percent of Michigan's black population resides in cities with a state-appointed emergency manager or some other form of state...