A plan to renovate 99-year-old Wrigley Field will be a 'great deal' for Chicago's economy, according to Cubs owner Tom Ricketts.» Read More
SPRINGFIELD, Ill.-- A groundbreaking deal to regulate high-volume oil and gas drilling in Illinois cleared a top House committee Tuesday, setting up a floor vote on a measure that supporters say would bring tens of thousands of jobs to struggling areas in the southern part of the state. "I live in southern Illinois. I drink the water in southern Illinois.
WASHINGTON, May 21- The pension gap at U.S. not-for-profit hospitals is growing, according to a Moody's Investors Service report released on Tuesday that found the low interest rate environment is contributing to the shortfall.
*Corn, wheat prices set April lows as plantings surge. NEW YORK, May 21- Corn prices hit multi-week lows on Tuesday, which pulled wheat lower, after record U.S. corn plantings, while oil and metals markets slipped amid worries the Federal Reserve might cut back its stimulus for the American economy.
*Hot weather last week stressed Kansas wheat. CHICAGO, May 21- Tornadoes, high winds, rain and hail that cut a swath across the midsection of the United States on Sunday and Monday did only minimal harm to the winter wheat crop in top producers Kansas and Oklahoma, agricultural experts said. I'm in Phillips County now, in northwest Kansas, and the crop looks terrible.
*Gold's appeal hurt by fears the Fed will ease stimulus. (Recasts, updates prices, adds comments, adds byline, changes dateline NEW YORK/ LONDON, May 21- Gold trimmed its losses on Tuesday as the euro regained strength against the dollar, but the metal remained lower on weak chart signs and fears the U.S.
The Chicago- based Civic Federation also found that pension funding levels continued to drop, falling to an average actuarial level of 50.8 percent in fiscal 2011 from 80.3 percent in fiscal 2002. That suggests the area's pension systems currently have sufficient resources to meet just over half of their future financial obligations to retirees.
CHICAGO, May 21- A job and a paycheck- they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? They want a piece of the $5.1 trillion in assets that the Investment Company Institute says was in workplace retirement plans last year.
COVERT TOWNSHIP, Mich.-- Operators of the idled Palisades Nuclear Power Plant in southwestern Michigan say repairs to a tank that leaked slightly radioactive water into Lake Michigan will take until early summer to complete. New Orleans- based Entergy Corp. idled the plant May 5 after operators found a tank leaking faster than regulations allow.
*Chicago, New York Fed presidents set to speak. Fed to buy $2.75 bln to $3.50 bln medium term bonds. "The market is just going very quiet before Bernanke and the FOMC minutes," said Lou Brien, market strategist at DRW Trading in Chicago.
NEW YORK-- CBS has taken the scheduled season-ending episode of "Mike& Molly" off the air because its plot line revolved around a tornado threatening the couple. CBS said the show's season finale will air "at an appropriate date." CBS is owned by CBS Corp..
A slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the UK economy, and the yen lost ground after a Japanese minister rowed back on remarks suggesting the currency had weakened enough.
*Corn plantings still lag five-year average pace. CHICAGO, May 21- Occasional rainfall over the next week to 10 days will slow seedings of the U.S. corn crop, which was planted at a record fast pace last week, an agricultural meteorologist said on Tuesday.
WINNIPEG, Manitoba/ CHICAGO, May 21- The United States is poised to introduce stricter rules on the labeling of meat imports this week, a move that is likely to heat up a simmering trade dispute with Canada and Mexico.
LONDON, May 21- The dollar edged higher, gold steadied and European shares remained near five-year highs on Tuesday as investors wait to see if the U.S.
CHICAGO, May 20- Caterpillar Inc said late on Monday that it would resume contract talks with the union representing about 800 Milwaukee workers who make specialized mining machinery.
DOWNERS GROVE, Ill.-- The chairman of DeVry Inc., Harold Shapiro, will retire in November, at a time when the education company is struggling with shrinking U.S. enrollments. Shapiro, a former president of Princeton University and the University of Michigan, has been DeVry's chairman since 2008 and on its board since 2001..
TOKYO, May 21- Japan's Nikkei share average is expected to pull back from a 5-1/ 2- year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Nikkei futures in Chicago closed at 15,320 on Monday, down 0.5 percent from the Osaka close.
We've worked with Boeing to fix them. Smisek and Boeing CEO Jim McNerney were on the flight from Houston on Monday. Regulators grounded the Dreamliner worldwide on Jan. 16 after batteries burned on two jets, prompting Boeing to redesign the battery system.
"The dollar's move has been pretty strong lately, maybe you're seeing a little more profit taking," said Gene McGillian, an analyst with Tradition Energy in Stamford, Connecticut. MSCI's all-country world equity index rose 0.51 percent to its highest since June 2008.
*Corn sags on expectations of record planting report. *Wheat prices hit lowest since April 2 before short covering. Corn futures eased due to a pick-up in planting around the U.S.