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  • May 26- Jimmy John's Franchise LLC is preparing for an initial public offering that could value the popular U.S. gourmet sandwich chain at more than $2 billion, including debt, according to people familiar with the matter. Jimmy John's, which is owned by founder Jimmy John Liautaud as well as private equity firm Weston Presidio, is interviewing investment banks...

  • May 26- The U.S. Supreme Court ruled on Tuesday that bankruptcy judges can resolve disputes that otherwise would have to be decided in a federal court, in an opinion tied to the legal legacy of the late Anna Nicole Smith. The 6-3 ruling, which stemmed from the Chapter 7 bankruptcy of Richard Sharif of Chicago, recognized the authority of U.S. bankruptcy judges to...

  • EU wheat hit by Chicago slump, euro underpins Tuesday, 26 May 2015 | 1:21 PM ET

    A corresponding drop in the euro, however, helped keep losses in Europe more restrained than in Chicago. December milling wheat, the new-crop benchmark and most active contract on Euronext, settled 1.50 euros or 0.8 percent lower at 182.50 euros a tonne. "If tonight's U.S. crop progress report does not raise any fresh concerns, the pullback has every chance of...

  • *Wheat to 1-1/ 2 week low on strong dollar, technical selling. *Corn down on lower wheat, good Midwest crop weather. Wheat traders are awaiting reports on the extend of crop damage following torrential rains in Texas and Oklahoma over the long holiday weekend.

  • NEW YORK, May 26- The U.S. dollar rallied on Tuesday after a string of healthy economic data boosted near-term rate hike prospects, while Greece's financial crisis and signs of growing opposition to austerity in Spain weighed further on the euro. Markets in the United States as well as London and Frankfurt returned to action after a long holiday weekend, with the...

  • *OPEC meets next week; Iran sees no output change. Friday's weekly data showed U.S. drillers cut the number of rigs by just one last week and Goldman Sachs said prices were at a level that would spur activity, adding to a growing list of headwinds crude faces that include rising OPEC supply. On Sunday, Iran said the Organization of the Petroleum Exporting Countries...

  • Abbvie completes $21 billion buyout of Pharmacyclics Tuesday, 26 May 2015 | 11:15 AM ET

    NEW YORK— Abbvie has completed its $21 billion buyout of Pharmacyclics. The buyout adds another major revenue producer to Abbvie's portfolio, which already includes the world's top-selling drug, Humira. Pharmacyclics Inc. will become a subsidiary of Abbvie and operate from its Sunnyvale, California headquarters.

  • *Greece concerns push long-dated yields lower. Treasury yields hit two-week highs on Tuesday on continued expectations that the Federal Reserve would hike rates this year, while yields on longer-dated Treasuries slid on concerns over Greece and global economic growth. "I viewed it as a fairly economy-friendly report," said Justin Hoogendoorn, fixed income...

  • Grain mixed, livestock mixed Tuesday, 26 May 2015 | 10:56 AM ET

    CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for July delivery was down 8.5 cents to $5.0675 a bushel; July corn was 2.5 cents lower at $3.5750 a bushel; July oats were unchanged at $2.4250 a bushel; while July soybeans gained 4.75 cents to 9.29 a bushel. August live cattle was. 53 cent higher at $1.5265 a pound; August...

  • Supreme Court clarifies power of bankruptcy judges Tuesday, 26 May 2015 | 10:31 AM ET

    WASHINGTON— The Supreme Court says bankruptcy courts have authority to rule on disputes that fall outside the bankruptcy proceedings if the parties to the case consent. The case involves efforts by Wellness International Network, Ltd., to recover $655,000 in attorney fees from Richard Sharif, a Chicago resident with whom the company had a legal dispute.

  • WASHINGTON— A Supreme Court ruling due in a few weeks could wipe out health insurance for millions of people covered by President Barack Obama's health care law. But it's Republicans— not White House officials— who have been talking about damage control. A likely reason: Twenty-six of the 34 states that would be most affected by the ruling have Republican...

  • DIARY- Top Economic Events to June 5 Monday, 25 May 2015 | 9:09 PM ET

    TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...

  • EAST DUBUQUE, Illinois, May 25- Mario Enriquez says there's no real trick to getting great fuel mileage in a big truck. Enriquez averaged 9.74 miles per gallon from February to April in an International ProStar made by Navistar International Corp. For that, his employer, Mesilla Valley Transportation, awarded him a Nissan Versa compact car.

  • WASHINGTON— A Supreme Court ruling due in a few weeks could wipe out health insurance for millions of people covered by President Barack Obama's health care law. But it's Republicans— not White House officials— who have been talking about damage control. A likely reason: Twenty-six of the 34 states that would be most affected by the ruling have Republican...

  • 'Beautiful Mind' mathematician dies in car crash Sunday, 24 May 2015 | 11:29 AM ET
    Letters sent by Dr. John Nash to the NSA in the 1950s.

    John F. Nash Jr., a mathematician who shared a Nobel Prize and was the subject of "A Beautiful Mind” was killed in a New Jersey car crash.

  • CHICAGO— When retailers open state-approved medical marijuana shops in Illinois later this year, they will face a distinct disadvantage in luring prospective patients across their thresholds: Marijuana will always be cheaper on the black market. Dispensary owners in Illinois are thinking, too, about Tupperware-style education parties, spa-like interior...

  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • CHICAGO/ NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps- importing eggs from overseas or looking to egg alternatives. A spokeswoman for Archer Daniels Midland Co said that as egg supplies tighten and prices rise, the food processing...

  • CHARLESTON, W.Va.— Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...

  • WASHINGTON, May 22- A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents. The appeal was spearheaded by Senator Jeff Merkley of Oregon and the letter was signed by other liberals,...