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  • American plans to hire 2,500 new pilots Wednesday, 24 Oct 2012 | 6:32 PM ET

    DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.

  • UPDATE 3-Visa hires JPMorgan's Charles Scharf as CEO Wednesday, 24 Oct 2012 | 6:25 PM ET

    Oct 24- Visa Inc said Charles Scharf, a former head of JPMorgan Chase& Co's retail financial services division, will succeed Joseph Saunders as chief executive, effective Nov. 1. Scharf worked closely with Jamie Dimon, chairman and CEO of JPMorgan, when the two men were at Citigroup Inc in the 1990 s.

  • Coming changes in estate, gift taxes stir 'frenzy' Wednesday, 24 Oct 2012 | 5:09 PM ET

    CHICAGO-- Taxes that are largely a concern of the very rich will soon affect far more people unless Congress steps in. Financial advisers, and trust and estate attorneys have been flooded with requests for assistance in the final months before the record-high exemption for both taxes is scheduled to plunge to $1 million from $5.12 million on Jan 1.

  • Rural Media Group buys another cable network Wednesday, 24 Oct 2012 | 2:36 PM ET

    OMAHA, Neb.-- The Rural Media Group has purchased another cable network to expand its programming into more markets. Rural Media produces RFD-TV and Rural TV with rural-themed programming. The deal gives the company access to several major markets, including New York, Chicago, Atlanta, Dallas and Los Angeles.

  • Boeing benefits from faster airplane deliveries Wednesday, 24 Oct 2012 | 1:59 PM ET

    Boeing is cranking out planes faster, and it's paying off. Boeing has been speeding up production, aiming to get some of its newest planes out the door faster. Boeing's revenue from commercial planes jumped 28 percent to $12.19 billion in the most recent quarter.

  • UPDATE 1-GRAINS-Wheat up after Ukraine confirms export ban Wednesday, 24 Oct 2012 | 11:02 AM ET

    *Wheat up as Ukraine to ban wheat exports in Nov.

  • Oct 24- Victims of a deadly U.S. meningitis outbreak are starting to sue the physicians and clinics that administered tainted steroid shots, and the success of the suits could hinge on whether judges decide the injections are subject to product liability or medical malpractice laws.

  • American to add new US, international flights Wednesday, 24 Oct 2012 | 7:32 AM ET

    DALLAS-- American Airlines says it will start new international routes next year, seeking to capitalize on growth in international travel, especially among high-fare corporate travelers.

  • Barnes & Noble stores where PIN pads were hacked Tuesday, 23 Oct 2012 | 11:16 PM ET
  • Volcker group to say Illinois budget is unsustainable Tuesday, 23 Oct 2012 | 6:51 PM ET

    CHICAGO, Oct 23- Illinois has dug itself into such a huge financial hole that it may not be able to provide basic services to residents or meet employee benefit obligations, according to a national task force that is due to release a report about the state's finances.

  • BUENOS AIRES, Oct 23- Flooding in Argentina's Pampas grains belt has allowed fungus-based diseases to attack wheat crops already hobbled by scant planting while more wet weather puts off soy and corn seeding until next week, analysts said on Tuesday.

  • NEW YORK, Oct 23- A panel of judges on Thursday will hear arguments that U.S. prosecutors should not have been able to play dozens of FBI wiretaps at the criminal trial of hedge fund tycoon Raj Rajaratnam, a closely watched appeal in one of the biggest insider-trading cases in a generation.

  • Earnings Preview: United Continental Holdings Tuesday, 23 Oct 2012 | 1:46 PM ET

    CHICAGO-- United Continental Holdings Inc., the parent of United Airlines, reports third-quarter results on Thursday after a tough spring and summer spent trying to absorb Continental Airlines. When Southwest Airlines reported results last week, it said it needed sales to lure business travelers in September, but that things picked up in October.

  • Boeing speeds 777 production to 8.3 per month Tuesday, 23 Oct 2012 | 11:47 AM ET

    CHICAGO-- Boeing Co. said Tuesday that it has begun building its 777 jet at the highest rate that it's ever made a big passenger jet, aiming to crank out more than eight planes per month. Boeing has long said it would ramp up the pace of 777 production.

  • Grains futures, livestock prices mostly fall Tuesday, 23 Oct 2012 | 11:09 AM ET
  • AIG agrees to pay $11M to Illinois, other states Tuesday, 23 Oct 2012 | 10:56 AM ET

    CHICAGO-- Illinois will share part of an $11 million payment as part of an agreement with insurance giant American International Group Inc.. The announcement was made Monday by Illinois Department of Insurance Director Andrew Boron. Illinois was among seven lead states that started discussions with the company.

  • Health care REITs pressured on Medicare cost issue Tuesday, 23 Oct 2012 | 12:11 AM ET

    BOSTON-- Shares of companies that own Medicare- supported health care facilities fell on Tuesday after an analyst reduced ratings on two of the stocks, citing the potential for cuts to the federal health program. Jefferies& Co. analyst Omotayo Okusanya cut his ratings of Ventas Inc. and Omega Healthcare Investors Inc. to "Hold" from "Buy."

  • Thefts of cell phones rise rapidly nationwide Saturday, 20 Oct 2012 | 4:02 PM ET

    Nearly half of all robberies in San Francisco this year are cell phone-related, police say, and most occur on bustling transit lines. And, in nearby Oakland, City Council candidate Dan Kalb was robbed at gunpoint of his iPhone Wednesday after he attended a neighborhood anti-crime meeting.

  • News Summary: Train hits 111 mph in Ill. test Friday, 19 Oct 2012 | 3:27 PM ET

    FAST TRACK: Test runs started zooming along a section of the Amtrak line between Chicago and St. Louis at 111 mph Friday. The 30- mph increase from the route's current top speed is a morale booster for advocates of high-speed rail.

  • News summary: Clothing maker files Ch. 11 Friday, 19 Oct 2012 | 2:21 PM ET

    THE NEWS: HMX Acquisition Corp., the owner of tailored clothing brands including Hickey Freeman and Hart Schaffner Marx, is filing for Chapter 11 bankruptcy protection. THE CONTEXT: The labels Hickey Freeman and Hart Schaffner Marx got their start in 1887 in Chicago and have been worn by presidents including Barack Obama.

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