GO
Loading...

Enter multiple symbols separated by commas

Illinois

More

  • From Boston to Miami, New York to Los Angeles, more than half of tenants are paying what experts consider unaffordable rents, says a report by New York University's Furman Center, which studies real estate and urban policy, and bank Capital One, which is a leading affordable-housing lender and financed the research. The study analyzed U.S. Census Bureau data from...

  • *Euro rises against dollar as Greece default fears fade. *Michael Kors slumps on weak sales, weighs on rivals. *Chipmakers Broadcom, Avago surge on M&A talks.

  • CHICAGO, May 27- Strong investor demand pushed yields lower for $674 million of Chicago bonds priced on Wednesday, but the city continued to pay a penalty for its shaky finances. Carole Brown, Chicago's CFO, said the four bond issues attracted $6 billion in orders. On May 12, Moody's Investors Service downgraded Chicago's credit rating to junk, due to an Illinois...

  • NYC approves skyscraper in exchange for transit hub work Wednesday, 27 May 2015 | 4:11 PM ET

    NEW YORK— City officials cleared the way on Wednesday for construction of a new, 65- story Manhattan skyscraper after the developer made an unusual tradeoff: a promise to make sweeping upgrades to nearby Grand Central Terminal that would allow more rush-hour trains on the subway's busiest lines. In exchange for getting more square footage, developer SL Green...

  • CHICAGO, May 27- The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.

  • INTERNATIONAL FALLS, Minn.— An old wooden railroad bridge near Minnesota's northern border burned and collapsed early Wednesday, shutting a busy train route that connects the Pacific Coast with Chicago. The bridge in Koochiching County belongs to Canadian National Railway. The collapse blocked a Canadian National line that runs from Prince Rupert, British...

  • NEW YORK, May 27- Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent dollar weighed on the market ahead of U.S. inventory data. Other factors held little sway, including France's warning to Iran that it was ready to block a final deal on Tehran's nuclear program unless Iran provided full access to inspectors.

  • NEW YORK, May 27- Investors in U.S.-based mutual funds poured $4.3 billion into funds that specialize in international shares in the week ended May 20 as part of a continued rotation into European shares, data from the Investment Company Institute showed on Wednesday. "You had a substantial over-allocation to the U.S. over the last couple of years," said Bryan...

  • Orbitz shareholders approve $1.3B deal to sell to Expedia Wednesday, 27 May 2015 | 1:22 PM ET

    NEW YORK— Orbitz's shareholders have approved a takeover by rival Expedia, Orbitz said Wednesday. In February, Expedia said it would buy Orbitz in deal worth about $1.3 billion. In March, the U.S. Department of Justice requested documents from Orbitz and Expedia in order to review the acquisition.

  • The American Petroleum Institute, an industry group, will issue at 4:30 p.m. EDT estimates on crude and oil products in storage ahead of Thursday's official data from the U.S. government. "If you're looking for a catalyst for price recovery from this data, you may not really get it, and that's why the dollar's been exerting it's strength over oil," said John Kilduff, a...

  • CHICAGO, May 27- Underwriters initially priced $668 million of Chicago general obligation bonds on Wednesday with yields topping out at 6 percent for bonds due in 2042 with a 5.75 percent coupon, according to pricing scales obtained by Reuters. The four issues priced through senior underwriter Bank of America Merrill Lynch are part of Chicago's plan to...

  • Grain mostly lower, livestock higher Wednesday, 27 May 2015 | 10:50 AM ET

    CHICAGO— Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $4.9350 a bushel; July corn was 1.5 cents lower at $3.5350 a bushel; July oats were unchanged at $2.3850 a bushel; while July soybeans gained 7.75 cents to 9.3025 a bushel. August live cattle was. 38 cent higher at $1.5100 a pound; August...

  • Chicago bonds initially priced with top yield of 5.96 pct Wednesday, 27 May 2015 | 10:02 AM ET

    CHICAGO, May 27- Underwriters initially priced $170.2 million of Chicago general obligation bonds on Wednesday with a top yield of 5.96 percent for bonds due in 2040 with a 5.75 percent coupon, according to a pricing scale obtained by Reuters. The bond sale is part of Chicago's plan to convert about $805 million of variable-rate debt to fixed rate and ending...

  • McDonald's targets bun toasting, burger searing Wednesday, 27 May 2015 | 9:59 AM ET

    NEW YORK— McDonald's is tweaking how it cooks it burgers in hopes of winning back customers. To improve the taste of its food, the chain is toasting its buns longer so sandwiches will be warmer, said McDonald's CEO Steve Easterbrook at the Bernstein's Strategic Decisions Conference in New York. McDonald's Corp., based in Oak Brook, Illinois, said June will be the...

  • PORTLAND, Maine— In a nondescript industrial park, beer geeks line up several times a week outside Bissell Brothers to get the latest batch of fresh beer— much like foodies seeking the freshest baguettes, pomegranates or kale. That's tiny compared to the big craft breweries, which are stretching the meaning of "craft" under Brewers Association guidelines that...

  • NEW YORK, May 27- Steven Dudash, like most brokers, spends a lot of time making it easier for his clients to retire. After starting IHT Wealth Management in Chicago in June with six brokers, Dudash says he will buy four businesses from retiring brokers in coming months. Of the 300,000 brokers now working in the United States, nearly 35 percent are over 55. Between those...

  • NEW YORK, May 27- Long before the phrase "robo-adviser" existed, Sunnyvale, California- based Financial Engines was cornering the untapped 401 plan market with computer simulations to help people save for retirement. To hang onto those investors- and find others- Financial Engines is planning to go up against other so-called "robo-advisers," companies that use...

  • DIARY- Top Economic Events to June 9 Wednesday, 27 May 2015 | 12:01 AM ET

    Treasury Secretary Jack Lew will participate in a moderated conversation at the London School of Economics and Political Science- 0945 GMT. LONDON- Bank of England's Sarah Breeden: CSFI Roundtable on Bank of England's Procyclicality Working Group SEOUL- Former Federal Reserve Chairman Ben Bernanke to attend a financial forum hosted by Dong-A Ilbo and...

  • 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...