GO
Loading...

Chicago

More

  • PETRA, Jordan— It's high season in Petra, an ancient city hewn from rose-colored rock and Jordan's biggest tourist draw. Petra's slump is part of a sharp decline in tourism as Jordan's economy pays a price for regional turbulence and its high-profile role in the U.S.-led battle against Islamic State militants next door. Jordan's involvement in the...

  • CHICAGO, March 28- Best Buy Co Inc plans to close some stores and consolidate its operations in Canada, the U.S. electronics retailer's second-largest market, in a move that will hurt earnings this year, the company said on Saturday. The move to a single brand will cut 500 full-time and 1,000 part-time jobs, and cost the company about US $200 million to US $280 million...

  • "The problem has skyrocketed in the past few years," and enforcement must keep pace, says City Council Housing and Buildings Committee Chairman Jumaane Williams. Airbnb says New York unfairly lumps occasional users in with hotel-scale operators, although officials say enforcement focuses on big players. "It can get overzealous," says Airbnb public policy head...

  • Exelon Corp., operator of the largest fleet of U.S. nuclear plants, says it could have to close three of them if Illinois rejects the company's pitch to let it recoup more from consumers since the plants do not produce greenhouse gases. Chicago- based Exelon essentially wants to change the rules of the state's power market as the nuclear industry competes with...

  • NEW YORK, March 27- U.S. Treasury yields fell and held near session lows on Friday after Federal Reserve Chair Janet Yellen gave mildly hawkish comments on a potential interest rate increase this year and as investors bought bonds ahead of month-end rebalancing. "Month-end is on Tuesday and there's a fairly large index extension," said Daniel Mulholland, head of...

  • Stored for decades in attics, closets and a bank safe-deposit box in New Jersey, the gun belonging to former IRS agent Michael Malone— and possibly used by members of Al Capone's gang— is headed to Las Vegas, where it will be part of an the exhibit at The Mob Museum beginning in mid-April. "Michael Malone was, I believe, the greatest undercover agent in the history of law...

  • Grain lower, livestock mixed Friday, 27 Mar 2015 | 10:56 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for May delivery was unchanged at $4.9925 a bushel; May corn was 1.25 cents lower at $3.91 a bushel; May oats were unchanged at $2.7775 a bushel; while May soybeans lost 3 cents to $9.7150 a bushel. June live cattle was. 95 cent higher $1.5295 a pound; May feeder cattle was 1.98...

  • NEW YORK, March 27- U.S. Gross domestic product expanded at a 2.2 percent annual rate, unrevised from last month's forecast, the Commerce Department said on Friday in its third GDP estimate. The most important component, personal consumption, was revised higher, however, and that was expected, "said Lou Brien, a market strategist at DRW Trading in Chicago.

  • By Yasmeen Abutaleb and Lisa Baertlein. NEW YORK/ LOS ANGELES, March 26- The White House is due to issue an ambitious plan to slow the growing and deadly problem of antibiotic resistance over the next five years, one that requires massive investments and policy changes from a broad array of U.S. government health agencies, according to a copy of the report reviewed...

  • Meerkat vs. Periscope: Live-streaming app battle & buzz Thursday, 26 Mar 2015 | 5:20 PM ET

    NEW YORK— Download Periscope, Twitter's just-launched live video-streaming app, and you'll find people broadcasting all sorts of mundane stuff: waiting for AT&T to fix their wiring, getting out of bed in Silicon Valley, looking outside their office window in Chicago. After all, the first tweet, sent by co-founder Jack Dorsey in 2006, simply said "just setting up my...

  • *Iran denounces strikes, Russia calls for "immediate ceasefire". NEW YORK, March 26- Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies. Pakistan, a Riyadh ally far away from the conflict, promised a "...

  • BUENOS AIRES, March 26- Argentina's waterlogged soy lands will get much-needed sun over the 10 days ahead, firming soils and allowing growers to drive harvesting combines into fields turned to mud by heavy early-March storms, meteorologists said on Thursday. Areas hardest hit by floods are in central-west Santa Fe and central-east Cordoba provinces.

  • *Iran says halt "aggressions"; security up at Kuwait oil sites. NEW YORK, March 26- Oil prices rallied for a second straight day on Thursday after Saudi Arabia and its Gulf Arab allies began air strikes in Yemen, sparking fears of a bigger Middle East battle that could disrupt world crude supplies. The military operation against Houthi rebels, who have driven the...

  • Grain lower, livestock higher Thursday, 26 Mar 2015 | 11:03 AM ET

    CHICAGO— Grain futures were lower Thursday in early trading on the Chicago Board of Trade. Wheat for May delivery was unchanged at $5.19 a bushel; May corn was 2 cents lower at $3.93 a bushel; May oats were unchanged at $2.8225 a bushel; while May soybeans lost 2.75 cents to $9.76 a bushel. June live cattle was. 03 cent higher $1.5240 a pound; May feeder cattle was. 28 cent...

  • NEW YORK, March 25- When Kraft Foods Group merges with H.J. Heinz Co, they will share a name, a central place in the American kitchen and two headquarters near Chicago and Pittsburgh. Heinz's backer, Brazilian private equity firm 3 G Capital Partners, has made a name for itself by aggressively trimming the fat from food and beer companies struggling for growth.

  • Judge appoints examiner in bankruptcy of Caesars division Wednesday, 25 Mar 2015 | 7:20 PM ET

    CHICAGO— A former Watergate prosecutor who was later involved in efforts to secure the release of Americans during the Iran hostage crisis while assistant secretary of the Treasury is now investigating business deals made by Caesars Entertainment Corp. before the casino giant's debt-heavy operations division filed for bankruptcy in January.

  • DETROIT, March 25- The United Auto Workers union on Wednesday said getting raises for workers at the Detroit automakers will be a top priority in contract talks this summer, but more jobs and production are shifting to U.S. plants without unions and Mexico. Earlier this week, General Motors Co said it would build a factory in Mexico to assemble a new generation of...

  • BUENOS AIRES, March 25- Argentine growers have harvested about 5 percent of this year's soy, with high yields in the central farm belt compensating for flood damage in northern fields and keeping the country on track for a record crop, analysts said on Wednesday. Strong soybean demand from China and global demand for soymeal livestock feed has kept a floor under...

  • Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3 G Capital, will combine with Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. The deal deepens Buffett's hold on leading U.S. food brands, as well as that of 3 G founder Jorge Paulo Lemann, Brazil's richest man.

  • Heinz-Kraft deal: The stories behind the brands Wednesday, 25 Mar 2015 | 2:41 PM ET

    NEW YORK— The combination of H.J. Heinz Co. and Kraft Foods Group Inc. will bring many of America's oldest and best-known brands under the same corporate roof. Pearle Bixby Wait started mixing powdered gelatin with fruit flavors and sugar. The result was sold to the Genesee Pure Food Company in 1899, and within a few years, advertisements in The Ladies Home...