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  • Sears looks to raise more cash via rights offering Monday, 20 Oct 2014 | 8:20 AM ET

    HOFFMAN ESTATES, Ill.— Sears is looking to raise more cash, announcing that it is planning a rights offering that may raise up to $625 million. The company, which runs Kmart and its namesake stores, also said Monday that it struck a leasing deal with European fashion retailer Primark. Earlier this month Sears said it would sell most of its stake in its Canadian unit to...

  • CHICAGO, Oct 20- The largest U.S. grain harvest in history has pushed prices to four-year lows, which usually means a sales bonanza for the world's largest food exporter. Traditional rivals and aggressive new competitors with their own huge harvests, such as Ukraine and Russia, are leveraging the dollar's strength to snap up a bigger share of a market that is...

  • Ebola causing some people to change travel plans Friday, 17 Oct 2014 | 6:23 PM ET

    The virus has killed more than 4,500 in West Africa since the current outbreak began several months ago. Several people who contracted the disease there have been treated in the United States, but only three cases have been diagnosed in the U.S., all in Dallas. Still, Ebola fear increased when officials disclosed that a nurse tested positive for the virus just over...

  • At its current levels, natgas is about $1.50 a gallon cheaper than diesel fuel, according to the U.S. Energy Information Administration. The slower-than-expected adoption has forced key manufacturers, including General Electric Co and Caterpillar Inc, to focus on niche markets for their engines while they wait for higher-margin customers such as railways...

  • Man sentenced for part in global cybercrime ring Friday, 17 Oct 2014 | 2:16 PM ET

    TRENTON, N.J.— A Massachusetts man who was part of an international cybercrime ring that the government says hacked into the computers of more than a dozen financial institutions and the U.S. military's payroll service was sentenced Friday to 2½ years in prison. Lamar Taylor, 38, of Salem, Massachusetts, was also ordered to pay restitution of $338,649.

  • DETROIT, Oct 17- General Motors Co's top lawyer will retire early next year, months after his department was heavily criticized for how it handled the automaker's defective ignition switch that has been linked to at least 27 deaths. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement,...

  • OTTAWA, Oct 17- Canadian inflation settled exactly at the Bank of Canada's target of 2.0 percent in September, with the core rate staying at 2.1 percent, according to Statistics Canada data released on Friday. Bank of Canada Governor Stephen Poloz has said some recent price increases were temporary and so should be ignored, suggesting a lower underlying rate, but...

  • Grain mostly lower, livestock mixed Friday, 17 Oct 2014 | 10:51 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for Dec delivery was 2.25 cents lower at $5.1475 a bushel; Dec corn was 3.75 cents lower at $3.4850 a bushel; Dec oats were unchanged at $3.47 a bushel; while Nov soybeans lost 9.50 cents at $9.57 a bushel. Dec live cattle was. 30 cent lower $1.6500 pound; Nov feeder cattle was...

  • Eagle Materials drills further into energy sector Friday, 17 Oct 2014 | 9:19 AM ET

    DALLAS— Eagle Materials is moving further into the energy sector by buying a company that sells an ingredient crucial to the hydraulic fracturing techniques now widely used to extract oil and natural gas. "This acquisition will enable us to immediately serve the Permian basin, in particular, with increased production, while creating synergies with our other...

  • NEW DELHI, Oct 17- India's corn exports nearly halved in the year to September due to cheaper rival supplies from Brazil, Argentina and the United States, a trend that is expected to continue at least over the first few months of the current season, traders said on Friday. India's traditional customers in Southeast Asian countries like Vietnam, Malaysia, Thailand...

  • Yara, CF Industries abandon merger talks Friday, 17 Oct 2014 | 4:31 AM ET

    STOCKHOLM— Norway's Yara International and Deerfield, Illinois- based CF Industries have abandoned merger talks that would have created a massive player in the fertilizer industry. Torger Kvidal, the CEO of Yara International ASA, said Friday that despite significant synergies, "in the end it became clear that we would not be able to agree on terms that would be...

  • US stocks end dramatic week with rally Friday, 17 Oct 2014 | 12:39 AM ET

    NEW YORK— The stock market had another turbulent session Friday, capping off one of the more eventful weeks on Wall Street in years. The Dow Jones industrial average soared more than 250 points following strong earnings from Morgan Stanley, General Electric and Textron as well as some encouraging U.S. economic reports. "We had indiscriminate selling all week, and...

  • Miquelon sued Walgreen in a state court in Chicago claiming that Chief Executive Officer Gregory Wasson and director Stefano Pessina, the company's biggest shareholder, had made "false and disparaging" comments about him in a report by the Wall Street Journal, court documents showed. The Journal reported in August that Miquelon and another top executive lost...

  • NEW YORK, Oct 16- Measuring the point at which investors have exhausted their selling in a market downturn is an inexact science at best, and at its worst akin to sticking a finger in the air to judge shifting winds. For months, worries about European economy and the conflicts in the Middle East and between Russia and Ukraine didn't shake the bullish conviction as...

  • LOS ANGELES, Oct 16- CBS Corp is offering pay television providers the option to add the new CBS All Access streaming service to the packages they sell to consumers, Chief Executive Leslie Moonves said in an interview on Thursday. Earlier on Thursday, CBS launched the digital video-on-demand and live-streaming services in an effort to win viewers who are...

  • Heritage-Crystal Clean tops Street 3Q forecasts Thursday, 16 Oct 2014 | 5:51 PM ET

    ELGIN, Ill. _ Heritage-Crystal Clean Inc. on Thursday reported third-quarter profit of $2.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. Analysts expected $75.8 million, according to Zacks.

  • National firms to steer Denver sheriff reform Thursday, 16 Oct 2014 | 4:27 PM ET

    DENVER— Two national consulting firms will help the Denver Sheriff Department as it tries to make sweeping reforms after a series of high-profile misconduct cases. Mayor Michael Hancock said Thursday that Chicago- based Hillard Heintze and Los Angeles- based OIR Group will study the department and lead a national search for a new sheriff.

  • Oct 16- Chicago grain and soybean futures rose on Thursday on technical buying, rebounding from losses in the previous session that were due to forecasts for favorable harvest weather in the week ahead. The CBOE volatility index, the fear gauge of financial markets, hit its highest level since November 2011 and the S&P 500 and Nasdaq briefly fell into negative...

  • Delay in Illinois fracking permitting spurs suit Thursday, 16 Oct 2014 | 2:32 PM ET

    Pat Quinn and Illinois Department of Natural Resources Director Marc Miller. It comes as the state faces a Nov. 15 deadline for sorting out the rules for how developers would deploy high-volume hydraulic fracturing, or "fracking," under an Illinois law approved last year. Energy resources "just have been a godsend to that part of the state," Rod Taylor, a southern...

  • DETROIT, Oct 16- Detroit announced on Thursday a last-minute settlement with its final major holdout creditor, Financial Guaranty Insurance Co., as it edged closer to exiting the biggest-ever municipal bankruptcy. Corinne Ball, an attorney at law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the settlement includes an option for FGIC to...