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CHICAGO— Federal prosecutors seeking to put the billionaire creator of Beanie Babies in prison for hiding millions in Swiss bank accounts told appellate court judges Wednesday that the toymaker's sentence of probation threatens to erode the judicial system's ability to deter other tax evaders.
CHICAGO— CHICAGO— A professor whose research is helping a California police department improve its strained relationship with the black community and a lawyer who advocates for victims of domestic abuse are among the 21 winners of this year's MacArthur Foundation "genius grants."
CHICAGO— Philadelphia Daily News Editor Michael Days and the New Haven Register received the 13th annual Robert G. McGruder Award for Diversity Leadership at the Associated Press Media Editors-American Society of News Editors conference on Tuesday.
STOCKHOLM- Sveriges Riksbank will release the minutes of September monetary policy meeting- 0730 GMT. STOCKHOLM- Sweden Central Bank Deputy Governor Martin Floden speaks on the topic "The economic situation and my views on monetary policy"- 0900 GMT.
Alibaba risk: China's rise leaves out investors. WASHINGTON— American investors are clamoring to buy a stake in Chinese e-commerce giant Alibaba, which is launching what may prove the biggest initial public stock offering ever. IPOs, according to research by Jay Ritter, a finance professor at the University of Florida.
DETROIT, Sept 16- An expert witness hand-picked by the federal judge overseeing Detroit's historic bankruptcy case will testify on the feasibility of the city's debt adjustment plan without restrictions, the judge ruled on Tuesday.
*OPEC to cut output target in November meeting- Badri. *Russia to send troops to Crimea amid NATO exercises in Ukraine. NEW YORK, Sept 16- U.S. crude futures rose by more than $2 and Brent by more than $1 on Tuesday on the prospect of an OPEC production cut as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.
*Russia to send troops to Crimea amid NATO exercises in Ukraine. NEW YORK, Sept 16- U.S. crude futures rose more by more than $2 and Brent by more than $1 on Tuesday on the prospect of an OPEC production cut as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.
The heightened rhetoric comes as Chicago tries to recover millions in health care costs from opioid drugmakers, alleging that companies deliberately misled the public about the risks of their drugs.
*OPEC to cut output target in November meeting- Badri. NEW YORK, Sept 16- Brent and U.S. crude futures rose more than a dollar on Tuesday on the prospect of a possible OPEC production cut and on news that Libya curbed output after rockets hit an area near a refinery.
CHICAGO— Grain futures were lower Tuesday in early trading on the Chicago Board of Trade. Wheat for Dec delivery was 1.25 cents higher at $5.01 a bushel; Dec corn was 3.25 cents lower at $3.3975 a bushel; Dec oats were unchanged at $3.5450 a bushel; while Nov soybeans declined 11 cents to $9.7850 a bushel.
David Heiman, whose law firm Jones Day represents Detroit, told Rhodes that Syncora and the city "have laid down their swords." In a court filing on Monday, Syncora confirmed a "comprehensive settlement" with the city that was still subject to "definitive documentation and resolution of other terms.
DALLAS— United Airlines reached a deal with the flight attendants' union to offer up to $100,000 in severance for workers who leave the company. The company, formed by a 2010 merger, has seen growth on what used to be Continental Airlines, which hired 485 flight attendants last year.
Industry analysts expect strong growth as the housing market improves, particularly in once hard-hit Sun Belt areas including Phoenix, Miami and San Diego, California, and aging Americans find value in growing old in their homes. They are also being boosted by high-appreciation, gentrifying neighborhoods in older cities such as New York's Brooklyn borough.
Bankruptcy Judge Steven Rhodes that Syncora and the city "have laid down their swords." In a court filing on Monday, Syncora confirmed a "comprehensive settlement" with the city that was still subject to "definitive documentation and resolution of other terms.
CHICAGO— Grain futures were mostly higher Monday on the Chicago Board of Trade. Wheat for Dec delivery fell 1.75 cents to $5.0075 a bushel; Dec corn was 4.50 cents higher at 3.43 a bushel; Dec oats rose 6.25 cents to $3.5450 a bushel; while Nov soybeans gained 4.25 cents to $9.8950 a bushel.
The trial was suspended last Wednesday so Detroit and Syncora could reach an agreement. Syncora is getting cash and long-term leases on a parking garage and the tunnel between Detroit and Canada, among other concessions.
CHICAGO— An anti-addiction drug used to fight the nation's heroin and painkiller abuse epidemics poses a threat to young children who accidentally swallow relatives' prescriptions, a federal study says.
INDIANAPOLIS— Hundreds of workers protesting what some are calling fast-food-like wages walked off the job Saturday at a Lear Corp. plant in northwest Indiana that makes automotive seats, beginning a strike that could affect a major Ford assembly plant in Chicago.
*Fed may raise short-term rates in first quarter- BlackRock. NEW YORK, Sept 12- Traders piled into U.S. short-term interest rates options on Friday, adopting a bearish posture on the view the Federal Reserve will signal next week that interest rates will be notably higher by the end of next year.