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  • Anheuser-Busch is buying Seattle's Elysian Brewing Co., further expanding its collection of craft brewers as it tries to offset sagging sales of its flagship beers. That follows the purchase of Blue Point Brewing Co. on Long Island, New York, earlier in the year. It bought Goose Island Beer Co. in Chicago in 2011. InBev also has a one-third share in a Northwest...

  • Grain mixed, livestock lower Friday, 23 Jan 2015 | 10:58 AM ET

    CHICAGO— Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $5.3375 a bushel; Mar corn was 2.50 cents higher at $3.8625 a bushel; Mar oats were unchanged at $2.91 a bushel; while Mar soybeans lost 4 cents to $9.7275 a bushel. Apr live cattle was 2.80 cents lower at $1.4900 a pound; Mar feeder cattle was...

  • *Uber applies for radio taxi license in New Delhi. NEW DELHI, Jan 23- Uber, the U.S.-based online taxi-hailing company, has restarted services in India's capital after a ban following rape allegations against one of its drivers, but a government official said the company remains blacklisted. Uber's app showed taxis available for booking in New Delhi on Friday.

  • *Application follows tie-up in Korea, CEO job-creation promise. NEW DELHI, Jan 23- U.S. taxi-hailing app maker Uber Technologies Inc has restarted services in India's capital after a ban following rape allegations against one of its drivers, but a government official said the company remains blacklisted. The service restoration comes as Uber works to counter...

  • WASHINGTON— U.S. home rental prices continued to climb at a modest pace in December, but rapidly escalating costs in cities such as San Francisco and Denver suggest that apartment dwellers are facing more financial pressure. Prices rose 3.3 percent in December compared with 12 months earlier, real estate data firm Zillow said Friday. Rental prices have risen 52...

  • HONG KONG, Jan 22- International law firm Dentons and China's Dacheng Law Offices have agreed on a merger that is expected to create the world's largest law firm and would be only the second time a global firm and a domestic Chinese firm have joined forces. A spokeswoman for Dentons said partnerships of both firms had approved the deal and that China's Ministry of...

  • LONDON, Jan 22- European government borrowing rates plummeted to record lows, the euro weakened and stock markets rallied on Thursday after the European Central Bank launched a landmark bond-buying programme. The stubbornly stagnant euro zone economy and falling consumer prices in the currency bloc prompted the ECB to unveil a 60 billion euro a month...

  • On Thursday, Alaska Airlines projected a group low of $1.85 per gallon for the first quarter, down from $2.64 in the fourth quarter of 2014. United Airlines said it will pay between $1.96 and $2.01 per gallon for the quarter, down from $2.83 in the prior quarter. Southwest Airlines said it will pay $1.90 per gallon in the first quarter, down from $2.62 the previous...

  • United Airlines 4Q profit drops 80 percent on write-downs Thursday, 22 Jan 2015 | 11:24 AM ET

    CHICAGO— United Airlines' fourth-quarter profit fell 80 percent due to severance costs and contracts that lost value as oil prices tumbled. Excluding one-time charges for hedging, severance payments and other things, United Continental Holdings Inc. earned $2 billion in 2014, an 89 percent increase over the year before. "We're starting 2015 as a better...

  • Inside Chicago luxury  Thursday, 22 Jan 2015 | 10:54 AM ET

    CNBC's Diana Olick takes a look at what's driving Chicago's luxury rental market.

  • Grain mostly lower , livestock higher Thursday, 22 Jan 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mostly lower Thursday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 1.25 cents higher at $5.38 a bushel; Mar corn was 2.50 cents lower at $3.8550 a bushel; Mar oats were unchanged at $2.90725 a bushel; while Mar soybeans lost 1.50 cents to $9.82 a bushel. Apr live cattle was. 93 cents higher at $1.5280 a pound; Mar...

  • Sweet home Chicago? Maybe not so much Thursday, 22 Jan 2015 | 10:14 AM ET
    Chicago

    Home prices are still rising in Chicago, but among the nation's 10 largest housing markets, price gains in the Windy City come in last.

  • Old Republic posts 4Q profit Thursday, 22 Jan 2015 | 9:27 AM ET

    CHICAGO _ Old Republic International Corp. on Thursday reported fourth-quarter earnings of $63.3 million. The Chicago- based company said it had profit of 23 cents per share. For the year, the company reported profit of $408.5 million, or $1.44 per share.

  • Jan 22- United Continental Holdings Inc provided a bullish outlook for the coming year on Thursday in part because of lower fuel costs, sending shares up even though its fourth-quarter profit fell short of expectations. "That would be starting off the year on a very, very strong note," said CRT Capital Group analyst Michael Derchin, adding that he could not recall...

  • Gatx beats 4Q profit forecasts Thursday, 22 Jan 2015 | 8:54 AM ET

    CHICAGO _ Gatx Corp. on Thursday reported fourth-quarter net income of $58.5 million. Gatx expects full-year earnings to be $5.15 to $5.35 per share. Gatx shares have declined roughly 6 percent since the beginning of the year.

  • Jan 22- United Continental Holdings Inc said on Thursday that its profit was $28 million last quarter, falling short of analysts' estimates. The Chicago- based airline earned $461 million, or $1.20 per diluted share, excluding $433 million in special costs largely from settling losing fuel hedges and from a voluntary buyout for flight attendants.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • Jan 21- The chief executive of Tootsie Roll Industries Inc has died after more than half a century at the helm of the U.S. candy maker, sparking speculation that the company could soon be ripe for acquisition. Melvin Gordon died, aged 95, after a brief illness, according to a statement from the company he had headed since 1962. His wife, Ellen Gordon, takes over as chief...

  • Northern Trust beats Street 4Q forecasts Wednesday, 21 Jan 2015 | 12:17 PM ET

    Northern Trust on Wednesday reported fourth-quarter profit of $244 million.

  • CHICAGO— Melvin Gordon, who helped turn the enduring popularity of the humble Tootsie Roll into a candy empire, has died. The longtime Tootsie Roll Industries Inc. chairman and CEO died Tuesday in Boston after a brief illness, said Brooke Vane, a spokeswoman for the company's public relations firm. Gordon ran the Chicago- based confectioner for 53 years,...