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  • Packaging Corp. meets 4Q profit forecasts Monday, 26 Jan 2015 | 5:31 PM ET

    LAKE FOREST, Ill. _ Packaging Corp. of America on Monday reported fourth-quarter earnings of $98.5 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.16 per share. Analysts expected $1.47 billion, according to Zacks.

  • NEW YORK, Jan 26- A blizzard bearing down on New York hollowed out Wall Street offices on Monday, leaving most investment banks and fund managers with skeleton staffs as many employees opted to work from home. "No one will give me a medal for making it to work after a five-hour commute," said Anurag Bhardwaj, a managing director who works with hedge funds at Barclays...

  • Equity Lifestyle Properties reports 4Q results Monday, 26 Jan 2015 | 4:54 PM ET

    CHICAGO _ Equity Lifestyle Properties Inc. on Monday reported a key measure of profitability in its fourth quarter. The Chicago- based real estate investment trust said it had funds from operations of $60.3 million, or 66 cents per share, in the period. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 66...

  • RLI Corp. beats 4Q profit forecasts Monday, 26 Jan 2015 | 4:36 PM ET

    PEORIA, Ill. _ RLI Corp. on Monday reported fourth-quarter net income of $37.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. RLI Corp. shares have increased slightly since the beginning of the year.

  • WASHINGTON, Jan 26- Chinese-made steel shelving units face duties in the United States after the Department of Commerce found on Monday the shelves are produced using unfair government subsidies. The petition was lodged by Chicago- based Edsal Manufacturing Co, which also complained that the products were being sold below fair value. A final decision is due on...

  • Stock exchanges including Intercontinental Exchange Inc's New York Stock Exchange unit, Nasdaq OMX Group, and BATS Global Markets said their exchanges were expected to stay open for normal operating hours Monday and Tuesday. NYSE and BATS have backup data centers in Chicago, while Nasdaq's backup is in Ashburn, Virginia. Heavy snowfall has led the NYSE to...

  • WILMINGTON, Del.— A court battle over whether the bankruptcy case of casino giant Caesars Entertainment Corp. should proceed in Delaware or in Illinois was postponed Monday because of a snowstorm bearing down on the East Coast. The judge presiding over Monday's hearing in Wilmington, Delaware, said he was concerned about the safety of attorneys, many of whom...

  • The National Weather Service issued a blizzard warning for New York City and surrounding areas between coastal New Jersey and Connecticut, beginning 1:00 p.m. EST on Monday and worsening overnight into Tuesday morning. It warned of two days of winter storms across the East Coast, from Pennsylvania to Maine. "Crude is getting some help from supportive heating...

  • NEW YORK, Jan 26- U.S. oil prices were steady Monday, ahead of the first big snowstorm this year in the country's Northeast, while benchmark Brent crude fell after pledges of no policy change by the top oil exporter Saudi Arabia after King Abdullah's death. The National Weather Service issued a blizzard warning for New York City and surrounding areas between...

  • NEW YORK, Jan 26- Long-dated U.S. But that was pretty well priced in, "said Lou Brien, market strategist at DRW Trading in Chicago. Greek election winning party Syriza's demands for a debt restructuring raised the prospect of a stand-off between Athens and other European nations that might lead to Greece exiting the euro grouping, although financial markets were...

  • Grain mostly lower, livestock mixed Monday, 26 Jan 2015 | 10:51 AM ET

    CHICAGO— Grain futures were mostly lower Monday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 3.75 cents lower at $5.2625 a bushel; Mar corn was 3 cents lower at $3.8375 a bushel; Mar oats were unchanged at $2.9050 a bushel; while Mar soybeans gained 1.50 cents to $9.7425 a bushel. Apr live cattle was 1.80 cents lower at $1.4700 a pound; Mar...

  • W.W. Grainger misses 4Q profit forecasts Monday, 26 Jan 2015 | 7:51 AM ET

    LAKE FOREST, Ill. _ W.W. Grainger Inc. on Monday reported fourth-quarter net income of $148.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share. W.W. Grainger expects full-year earnings in the range of $12.60 to $13.60 per share.

  • CHICAGO— With virtually no hard proof that medical marijuana benefits sick children, and evidence that it may harm developing brains, the drug should only be used for severely ill kids who have no other treatment option, the nation's most influential pediatricians group says in a new policy. Some parents insist that medical marijuana has cured their kids'...

  • Coal mining simulator coming to Southern Illinois Sunday, 25 Jan 2015 | 10:52 AM ET

    The simulator that Southeastern Illinois College and Illinois Eastern Community College plan to build will have features such as an imitation-smoke system and a control center where coordinators can monitor how the miners cope with disaster-like conditions, the Southern Illinoisan reported. The schools will build the facility on SIC's Harrisburg...

  • WATFORD CITY, N.D.— Police chief Art Walgren knew how much the oil boom had changed this once-sleepy town when he spotted something that would have been unheard of not long ago: license plates from Sinaloa, Mexico, home to one of the world's most violent drug cartels. Before, there was little chance police would see cars here from nearly 2,000 miles away.

  • Proposed Illinois legislation would ban powdered alcohol Saturday, 24 Jan 2015 | 10:30 AM ET

    SPRINGFIELD, Ill.— A proposed Illinois law would ban the sale of powdered alcohol before it hits store shelves. Ira Silverstein, a Chicago Democrat sponsoring the measure, said he doesn't want the product to reach stores. His plan amends the state's Liquor Control Act of 1934, according to the Springfield bureau of Lee Enterprises Newspapers.

  • LAS VEGAS— Adult film production migrated from California to Nevada after voters in Los Angeles County approved a law requiring condom use on set. Nevada health officials said Friday that they're considering strict brothel-style regulations for a booming adult film industry following the announcement last month that two male performers tested positive...

  • American Airlines sued by mechanics union organizers Friday, 23 Jan 2015 | 7:53 PM ET

    Jan 23- Union organizers sued American Airlines on Thursday, alleging that maintenance directors pressured workers to skimp on federal safety procedures and threatened discipline if they reported too many maintenance flaws. They demanded punitive damages, an injunction to restrain airline managers from making further threats, as well as a trial by jury,...

  • US regulators close small Chicago bank Friday, 23 Jan 2015 | 7:31 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over Highland Community Bank, which operated two branches. United Fidelity Bank, based in Evansville, Indiana, agreed to assume all of Highland Community Bank's deposits and to buy essentially of the failed bank's assets. The failure of Highland Community Bank is expected to cost the federal...

  • DALLAS— A union group is suing American Airlines, claiming supervisors are pressuring mechanics to release planes before they are safe to fly. American Airlines denies the allegations, saying that it complies with federal safety rules. Airline spokesman Casey Norton said American works with the FAA "so that American's maintenance programs, practices,...