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  • Officials: Illinois chosen for $1.4B Cronus plant Monday, 27 Oct 2014 | 10:41 PM ET

    CHAMPAIGN, Ill.— A chemical company has chosen a site in eastern Illinois over one in Iowa for a $1.4 billion fertilizer plant, and plans to establish its U.S. headquarters in Chicago, two officials familiar with the decision said Monday. Cronus Chemicals LLC will build the plant near Tuscola, about 20 miles south of Champaign, Illinois, the officials confirmed...

  • DIARY - Top Economic Events to Nov 10 Monday, 27 Oct 2014 | 8:01 PM ET

    Treasury acting Assistant Secretary for Financial Institutions Amias Gerety participates in panel discussion at the Third Annual Cyber Security Summit of the U.S. Chamber of Commerce, in Washington- 1405 GMT. PARIS- ECB governing council member and Bank of France Governor Christian Noyer speaks at the French Senate's finance commission- 1345 GMT.

  • DETROIT, Oct 27- Detroit on Monday wrapped up its historic bankruptcy case, which began with contentious opposition from creditors and ended with eleventh-hour deals enabling the city to shed $7 billion of its $18 billion of debt and obligations. Bankruptcy Judge Steven Rhodes that he should permit Detroit to emerge from bankruptcy before Thanksgiving.

  • General Growth Properties reports 3Q results Monday, 27 Oct 2014 | 5:09 PM ET

    CHICAGO _ General Growth Properties Inc. on Monday reported a key measure of profitability in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 32 cents per share. For the current quarter ending in December, General Growth Properties expects its per-share funds from operations to...

  • CHICAGO, Oct 27- U.S. drugstore chain Rite Aid Corp will ban Apple Inc's new electronic payments service in its 4,572 stores as it commits to joining a consortium of other large retailers developing a rival payments system. The rival system, called Current C, is being developed by Merchants Customer Exchange, a consortium of merchants that includes Rite Aid and...

  • CALGARY, Alberta, Oct 27- U.S. oil prices briefly tumbled to a 28- month low below $80 per barrel on Monday after Goldman Sachs slashed its price forecasts amid further signs of lacklustre demand and booming supply, but crude later pared some losses as the U.S. dollar slipped. But the bounce failed to completely erase losses that came after Goldman Sachs cut its...

  • CALGARY, Alberta, Oct 27- U.S. oil prices tumbled to a 28- month low below $80 per barrel on Monday after Goldman Sachs slashed its price forecasts amid further signs of lacklustre demand and booming supply, but crude later pared some losses as the U.S. dollar slipped. But the bounce failed to completely erase losses that came after Goldman Sachs cut its forecast for...

  • Grain higher, livestock mixed Monday, 27 Oct 2014 | 11:03 AM ET

    CHICAGO— Grain futures were higher Monday on the Chicago Board of Trade. Wheat for Dec delivery rose 5 cents to $5.2275 a bushel; Dec corn was 10 cents higher at 3.63 a bushel; Dec oats gained 8.75 cents to $3.6050 a bushel; while Nov soybeans advanced 28.50 cents to $10.06 a bushel. Dec live cattle rose. 92 cent to $1.6782 a pound; Jan feeder cattle was. 55 cent higher at...

  • STOCKHOLM, Oct 27- Swedish aerospace firm Saab has finalised a $5.4 billion order to sell 36 fighter jets to Brazil, one of the most valuable defence contracts up for grabs in an emerging market. Shares in Saab, which in December leapt by a third after it won the bidding, were up 4.5 percent on Monday to 190 crowns at 0845 GMT. Saab said in a statement the total order value...

  • The SUV goes from All-American to global star Monday, 27 Oct 2014 | 3:01 AM ET

    It's a surprising rebirth for a vehicle that was the subject of obituaries when gas prices spiked in 2008. Automakers won back customers by making smaller, more fuel-efficient SUVs that also appealed to newly wealthy buyers in Asia and South America and former skeptics in Europe. In China they're a status symbol. By 2018, analysts expect China to be the biggest...

  • DIARY - Top economic Events to Nov 6 Friday, 24 Oct 2014 | 8:01 PM ET

    FRANKFURT- Deutsche Bundesbank Board Member Andreas Dombret to give press conference at the Bundesbank in Frankfurt- 1200 GMT. FRANKFURT- ECB Vice-president Vitor Constancio and Supervisory Board Chair Daniele Nouy to hold a press conference on the results of the Comprehensive Assessment- 1030 GMT. LONDON- Bank of England Deputy Governor Minouche Shafik...

  • SAN FRANCISCO/ BOSTON, Oct 24- Amazon.com Inc's once fairy-tale ride on Wall Street has hit its most jarring bump yet. Amazon missed expectations across the board- on margins, on its net loss and on revenue. Benkendorf unloaded his Amazon holdings a year ago and said he would be skeptical of future involvement even if the stock falls further.

  • Regulators close small Illinois bank Friday, 24 Oct 2014 | 6:30 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over The National Republic Bank of Chicago, based in Chicago. State Bank of Texas, based in Dallas, has agreed to buy about $626.1 million of the failed bank's assets and assume all of National Republic Bank's deposits. National Republic Bank is the fifth FDIC- insured institution to fail in...

  • NEW YORK, Oct 24- Market fluctuations eased on Friday and the Standard& Poor's 500 index ended its best week in almost two years as fears dwindled that the first Ebola diagnosis in New York could lead to widespread contagion in the nation's financial capital. "Ebola is really center stage as the No. 1 fear of the market right now because of the immediate reaction...

  • Fitch upgrades Delta's credit rating Friday, 24 Oct 2014 | 1:36 PM ET

    CHICAGO— Fitch is upgrading Delta's credit rating, citing its improved balance sheet, solid operating performance and better-than-expected free cash flow. Fitch boosted Delta Air Lines Inc.' s issuer default rating one notch in junk status to "BB" from "BB-." The Atlanta company's stock added $1.11, or 2.9 percent, to $39.03 in Friday afternoon trading.

  • Oct 24- Procter& Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands. On a conference call, Chief Financial Officer John Moeller said the company had sold or discontinued 11 brands in the latest quarter and 25 in the last five quarters.

  • UPDATE 1-P&G to exit Duracell battery business Friday, 24 Oct 2014 | 8:08 AM ET

    Oct 24- Procter& Gamble Co said it would exit its Duracell battery business, likely through a splitoff into a separate company, as it looks to focus on faster-growing brands. The household products maker also said on Friday that it had agreed to sell its interest in a China- based battery joint venture for an undisclosed amount. P&G said in September that it would...

  • Ventas reports 3Q results Friday, 24 Oct 2014 | 7:42 AM ET

    CHICAGO _ Ventas Inc. on Friday reported a key measure of profitability in its third quarter. The Chicago- based real estate investment trust said it had funds from operations of $332.8 million, or $1.12 per share, in the period. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of $1.11 per share.

  • P&G to split off Duracell battery business Friday, 24 Oct 2014 | 7:15 AM ET

    Oct 24- Procter& Gamble Co said it would split off its Duracell battery business into a separate company as it looks to focus on its faster-growing brands. Net income attributable to Procter& Gamble fell to $1.99 billion, or 69 cents per share, in the first quarter ended Sept. 30 from $3.03 billion, or $1.04 per share, a year earlier. The maker of Pampers diapers and Tide...

  • Oct 23- A Chicago federal judge on Thursday rejected Northrop Grumman Corp's bid to dismiss a lawsuit by a former employee who accused the defense contractor of defrauding the U.S. government in performing a contract to develop a missile defense system for commercial aircraft. District Judge Manish Shah said the employee, Illinois resident Leo Danielides,...