The attorneys general of Connecticut, Illinois and California are leading a multistate probe into a data breach disclosed by retailer Home Depot.» Read More
*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.
WASHINGTON, Sept 16- U.S. lawmakers are considering proposals to deal with a rising number of U.S. companies reincorporating overseas to slash their tax bills.
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.
NEW YORK— Sears is taking out a $400 million secured short-term loan from a hedge fund run by CEO Edward Lampert. The Hoffman Estates, Illinois, company, which runs Sears and Kmart stores, said in a regulatory filing that the loan is from entities affiliated with Lampert's ESL Investments Inc..
Farmers and analysts say the elimination of government incentives to buy new equipment, a related overhang of used tractors, and a reduced commitment to biofuels, all darken the outlook for the sector beyond 2019- the year the U.S. Department of Agriculture says farm incomes will begin to rise again.
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.
RENAULT- NISSAN SAYS NO DECISION MADE ON ALLIANCE BATTERY PROCUREMENT.
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.
NEW YORK— New York City Council members held a hearing Friday on a bill that would prevent companies from using credit checks in employment decisions, a practice that they said harms the very people who need jobs the most. "We're here today for the simple cause of fairness," said Councilman Brad Lander, a Brooklyn Democrat who is the bill's chief sponsor.
Ax Alibaba heads to the big time with an IPO that could value the company at $162 billion, the e-commerce group is contending with online offers of gallium and uranium. The FT reports.
WASHINGTON, Sept 12- Wall Street executives may have personally escaped the wrath of the U.S. Department of Justice but executives at companies accused of foreign bribery schemes may not be so lucky.