Lagunitas Brewing cut the ribbon on a 300,000-square-foot brew house and tap room in Chicago's Douglas Park neighborhood.» Read More
CHICAGO— The parent company of United Airlines says it will take charges of $169 million against second-quarter earnings to cover costs of grounding planes and other moves. United Continental Holdings Inc. said Thursday that it would report costs of $66 million to permanently ground 21 Embraer regional jets used by its United Express unit.
TORONTO, July 17- Canadian Pacific Railway Ltd on Thursday reported second-quarter results that were slightly ahead of expectations as the rail operator worked to recover from massive backlogs and an unusually harsh winter.
BOSTON, July 16- To clinch a deal to buy Time Warner Inc, Rupert Murdoch's Twenty-First Century Fox Inc will not only need to raise the value of its bid above $80 billion but also boost its ratio of cash to stock, investors said on Wednesday.
WASHINGTON— Cities such as Indianapolis that regularly replace old natural gas lines have significantly fewer leaks than older urban areas where they don't, like Boston and New York City's Staten Island, according to a new study by Google and an environmental group. Boston and Staten Island averaged one leak per each mile mapped.
New details from two studies reveal more side effects from niacin, a drug that hundreds of thousands of Americans take for cholesterol problems and general heart health. Some prominent doctors say the drug now seems too risky for routine use. Those details are in this week's New England Journal of Medicine.
NEW YORK, July 16- U.S. crude oil rose more than $1 on Wednesday, rebounding from recent steep drops after government data showed the country's crude stockpiles fell sharply last week.
July 16- The second quarter is typically peak selling season for Harley-Davidson Inc as warmer weather in North America, the motorcycle maker's No. 1 market, lures riders back into dealer showrooms.
DENVER— Your swimsuit and your sunscreen are in the luggage, and your boarding passes are all printed out. But did you remember your gadgets and chargers? Did you download enough entertainment?
The 72- story U.S. Bank Tower will see about $50 million worth of improvements, including an upgrade of the lobby, the Los Angeles Times reported Tuesday. The downtown tower's new owners hope to make the building a busy tourist attraction to rival New York's Empire State Building and Chicago's Willis Tower, both of which are more than 100 stories tall.
All 12 of the Fed's regions reported growth with five— New York, Chicago, Minneapolis, Dallas and San Francisco— characterizing growth as "moderate" while the others reported "modest" growth. Boston and Richmond reported that growth came in at a slightly slower pace than the previous reporting period.
NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.
July 16- Abbott Laboratories Inc reported better-than-expected quarterly earnings on Wednesday as demand for its recently-recalled infant formulas began to recover and profit margins improved for other business segments.
CHICAGO— Grain futures were higher Wednesday on the Chicago Board of Trade. Wheat for Sept delivery was. 25 cent higher at $5.38 a bushel; Sept corn was 4.25 cents higher at 3.7825 a bushel; Dec oats were 3.75 cents higher at $3.3475 a bushel; while Nov soybeans were 15.75 cents higher at $11.02 a bushel.
July 16- Abbott Laboratories Inc reported better-than-expected second-quarter earnings on Wednesday, helped by improved profit margins for its medical diagnostics and vascular products businesses. The company earned $466 million, or 30 cents per share, in the quarter.
*Corn rises on bargain buying after heavy losses. SINGAPORE/ HAMBURG, July 16- U.S. new-crop corn futures rose on Wednesday in a rebound after sharp falls including a fresh contract low hit a day earlier, but expectations of near-record crops in the United States limited gains.
CHICAGO— The reclusive author of "To Kill a Mockingbird," one of the most acclaimed novels of the 20th century, says she never gave her approval to a new memoir that portrays itself as a rare, intimate look into the lives of the writer and her older sister in small-town Alabama.
DETROIT— The Detroit Institute of Arts says it has pledges for about 80 percent of the $100 million it promised toward an effort involving the state of Michigan and major foundations to prevent the sale of art and soften cuts to city retirees during Detroit's bankruptcy.
DUBAI, United Arab Emirates— The super-sized malls that dot Dubai and other Gulf Arab cities are stuffed with foreign restaurants, from Burger King and Subway to suburban sit-down staples like IHOP and Red Lobster. A United Arab Emirates- based chain called Just Falafel opened its first branches in the United States and Canada last month.
July 15- Hershey Co, the No. 1 candy producer in the United States, on Tuesday hiked its chocolate prices for the first time in three years, a sign that a year-long soaring cocoa market is eating into confectioners' profits.
NEW YORK, July 15- Investors in U.S.-based mutual funds pulled $8.3 billion out of funds that specialize in U.S. stocks in June on concerns that U.S. shares had little upside at record levels, Morningstar data showed on Tuesday.