Two days after a fire at an air-traffic control center crippled Chicago's air service, hundreds of flights were cancelled Sunday, reports USA Today.» Read More
Sept 30- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts- based firm that advises 401 plans with $50 million to $100 million in assets.
NEW YORK— Traffic at Chicago's two busiest airports was slowly returning to more normal levels Monday, three days after a fire at a regional air traffic control center disrupted much of the nation's air-travel system.
NEW YORK— Card data of Supervalu and Albertsons shoppers may be at risk in another hack, the two supermarket companies said Monday. Supervalu said the malware was installed on a network that processes card transactions at several chains, but it believes data was only taken from certain checkout lanes at four Cub Foods stores in Minnesota.
CHICAGO, Sept 29- A man accused of setting fire to an air control facility in Chicago on Friday, causing an outage that continues to disrupt flights, appeared in federal court on Monday to hear the charges against him and was ordered held without bond.
*Corn hits new 5- year low, soybeans at 4-1/ 2 year low. Corn had its first gains in three sessions after falling as low as $3.22 per bushel, the lowest since September 2009. Soybeans rebounded after dropping to $9.05-1/ 2, a 4-1/ 2 year low.
How one tech start-up is using data to make car insurance cheaper.
SPRINGFIELD, Ill.— Illinois House Republicans, fearing that majority Democrats could take money away from their suburban Chicago school districts in a postelection vote, have thrown up prominent if symbolic opposition on Senate- approved legislation to overhaul state funding for public education. The Bunker Hill Democrat's plan won Senate approval in May.
CHICAGO— A magistrate judge ordered a suburban Chicago man held without bond Monday on charges he set a fire at an air traffic control center, causing damage that brought the city's two international airports to a halt.
NEW YORK, Sept 29- Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers from bribing officials in China to win business there.
NEW YORK, Sept 29- U.S. crude oil rose on Monday, hovering around $94 a barrel on support from strong U.S. economic data last week, while Brent edged up after nearing a two-year low last week. "I think demand by U.S. refiners to make product to export is definitely supporting WTI prices," said Gene McGillian, an analyst at Tradition Energy in Stamford, Connecticut.
WASHINGTON, Sept 29- U.S. consumer spending accelerated in August, the government said on Monday, a positive sign for an economy that appears to be firing on nearly all cylinders. Consumer spending rose 0.5 percent last month after being unchanged in July, the Commerce Department said.
CHICAGO— Grain futures were higher Monday in early trading on the Chicago Board of Trade. Wheat for Dec delivery was 5.75 cents higher at $4.80 a bushel; Dec corn was 1 cent higher at $3.24 a bushel; Dec oats were unchanged at $3.2875 a bushel; while Nov soybeans advanced 2.75 cents to $9.13 a bushel.
WASHINGTON— The Federal Aviation Administration is reviewing security practices and how it deals with unexpected incidents throughout its air traffic control facilities following last week's fire at a Chicago- area air traffic facility, agency administrator Michael Huerta said Monday.
WASHINGTON, Sept 29- The U.S. aviation safety agency's top official said on Monday he has asked for a review of all U.S. air traffic control contingency plans and security policies, following a fire on Friday that crippled air travel over much of the Midwestern U.S.
NEW YORK— Tibco Software Inc. said Monday that it is selling itself to private equity firm Vista Equity Partners for about $3.98 billion. Vista Equity, which owns several software companies, has offices in Austin, Texas, Chicago and San Francisco.
The department store chain, which also operates Bloomingdale's, said Monday that the growth is being fueled by its expanding online business.
NEW BRUNSWICK, N.J.— Republican Jeff Bell spent three decades in Washington working on policy and wrote a book promoting all aspects of social conservatism. But so far his campaign for the U.S. Senate has centered on just one issue: returning the United States to the gold standard.
CHICAGO— The Federal Aviation Administration says it will take about two weeks to fully reopen a Chicago- area control center where an act of sabotage brought the city's two international airports to a halt last week. The FAA said Sunday it hopes to return the facility to full service by Oct. 13. The FAA said crews are working to install replacement equipment.
CHICAGO— Teen girls who have sex should use IUDs or hormonal implants— long-acting birth control methods that are effective, safe and easy to use, the nation's most influential pediatricians' group recommends.
WASHINGTON, Sept 28- The Federal Aviation Administration said on Sunday that it has set a target of October 13 to restore to service a Chicago- area air traffic control site that was set ablaze by a field technician, as delays and cancellations continued at Chicago airports.