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  • Green light for Illinois red-light camera law Thursday, 20 Nov 2014 | 1:01 PM ET

    CHICAGO— Red-light cameras will stay put at intersections in Illinois after a divided state Supreme Court couldn't reach a decision on their legality in a test case focused on Chicago, according to a Thursday filing. A spokesman for the city of Chicago, which has one of the nation's largest red-light camera programs, welcomed the outcome. Two Illinois justices,...

  • *Speculation of potential OPEC output cut on Nov. 27. NEW YORK, Nov 20- Oil rose on Thursday after three straight days of losses as strong U.S. economic data bolstered crude markets but focus remained on whether OPEC will cut enough output to end a five-month long selloff when it meets next week. On the OPEC front, chances have risen in recent days that the Organization...

  • CHICAGO, Nov 20- Illinois faces an uphill battle on Thursday to defend the constitutionality of a law aimed at easing the state's huge unfunded pension liability. Lawyers for Illinois will try to convince a judge in its Springfield capital that the law is crucial to save the state's sinking finances. Illinois has the worst-funded state retirement system, and...

  • Grain higher, livestock mixed Thursday, 20 Nov 2014 | 11:00 AM ET

    CHICAGO— Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $5.451 a bushel; Mar corn was 4.75 cents higher at $3.8075 a bushel; Dec oats were unchanged at $3.2650 a bushel; while Jan soybeans gained 2.25 cents to $10.07 a bushel. Feb live cattle was. 60 cent lower at $1.7170 pound; Jan feeder cattle...

  • Nov 20- Maryland Governor-elect Larry Hogan said on Wednesday he would deliver on his campaign promise to roll back tax increases despite a budget shortfall, the Washington Post reported. Hogan reiterated as well his promise to eliminate the "rain tax"- a fee enacted in response to Environmental Protection Agency requirements to reduce stormwater pollution...

  • UPDATE 1-Best Buy profit beats estimates as costs fall Thursday, 20 Nov 2014 | 8:18 AM ET

    Nov 20- Best Buy Co Inc, the largest U.S. consumer electronics retailer, reported a better-than-expected profit as cost cutting paid off and revenue increased after seven quarters of decline. Best Buy shares were up nearly 10 percent in heavy trading before markets opened. Best Buy has removed layers of management, cut jobs, shut stores and boosted cash reserves...

  • Best Buy profit doubles as U.S. sales rise Thursday, 20 Nov 2014 | 7:18 AM ET

    Nov 20- Best Buy Co Inc, the largest U.S. consumer electronics retailer, said quarterly profit nearly doubled as operating costs fell. The company said net income attributable to shareholders rose to $107 million, or 30 cents per share, in the third quarter ended Nov. 1, from $54 million, or 16 cents per share, a year earlier. Total revenue rose slightly to $9.38 billion...

  • Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. But Whirlpool, General Motors, Ford Motor Co and Con-way, and other...

  • CHICAGO, Nov 20- Illinois faces an uphill battle to defend on Thursday the constitutionality of a law aimed at easing the state's huge unfunded pension liability. Illinois has the worst-funded state retirement system and its huge unfunded pension liability has helped pound its credit ratings to the lowest level among states. That argument was bolstered by a...

  • Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. But Whirlpool, General Motors, Ford Motor Co and Con-way, and other...

  • EBay retools local delivery push in renewed bet on retail Wednesday, 19 Nov 2014 | 9:14 PM ET

    SAN FRANCISCO, Nov 19- EBay Inc is retooling its local delivery program and extending more logistics options to smaller merchants that make up the bulk of the e-commerce giant's sprawling base of marketplace sellers, an executive said on Wednesday. More of eBay's smaller sellers, including some with annual sales under $100,000, will allow shoppers to buy items...

  • Nov 19- Archer Daniels Midland Co sued seed company Syngenta AG on Wednesday over sales of a genetically modified corn variety not approved for import by China, joining more than 100 farmers and exporters in pursuing damages from the Swiss-based company. The lawsuit alleges that Syngenta commercialized the MIR162 corn variety, also known as Agrisure Viptera,...

  • WASHINGTON/ CHICAGO, Nov 19- U.S. farmers are about to reap a bumper harvest not just in corn and soybeans but also in new subsidies that could soar to $10 billion, blowing a hole in the government's promise that its new five-year farm bill would save taxpayers money. If payments for 2014, the first year the farm bill takes effect, do come in at that level- as some private...

  • Animal rights group releases slaughterhouse video Wednesday, 19 Nov 2014 | 3:36 PM ET

    NASHVILLE, Tenn.— A year after Tennessee Gov. A call to Park Ridge, Illinois- based Koch Foods was not immediately returned. The bill was introduced after the Humane Society in 2011 secretly filmed video inside a Tennessee walking horse training stable.

  • Nov 19- PJM Interconnection, the operator of the biggest power grid in the United States, said on Wednesday that demand for power hit a new record for the month of November due to the cold weather. Peak demand on Tuesday reached 121,987 megawatts, topping the 114,699 MW reached last November. PJM, which operates the grid in 13 states from New Jersey to Illinois, said it...

  • SAN FRANCISCO, Nov 19- A San Francisco Bay Area entrepreneur and author whose location in an Uber vehicle was allegedly broadcast to a roomful of party-goers without his permission considered legal action against the company and consulted an attorney, he said on Wednesday. He singled out Pando Daily editor Sarah Lacy, saying researchers would be able to prove "a...

  • Nov 19- Almost two thirds of adults won't spend more this holiday season despite lower gas and fuel costs, a new Reuters/ Ipsos poll shows, in a bad sign for retailers looking for an extra boost in gift buying from cheaper prices at the pump. "We live on a budget so we have a certain amount for groceries, a certain amount for birthdays, a certain amount for holidays," said...

  • Nov 19- A federal judge on Wednesday allowed a lawsuit challenging the constitutionality of Michigan's emergency manager law to move forward on grounds that it might discriminate on the basis of race. The lawsuit contended that 52 percent of Michigan's black population resides in cities with a state-appointed emergency manager or some other form of state...

  • Early statin use may give long-term heart benefits Wednesday, 19 Nov 2014 | 2:49 PM ET

    CHICAGO— Taking a cholesterol-lowering drug for five years in middle age can lower heart and death risks for decades afterward, and the benefits seem to grow over time, a landmark study of men in Scotland finds. Chris Packard of the University of Glasgow in Scotland. The long-term results were discussed at an American Heart Association conference that ends...

  • Chicago issues first ridesharing licenses Wednesday, 19 Nov 2014 | 1:58 PM ET

    CHICAGO— Chicago has granted its first two ridesharing licenses to San Francisco- based companies Lyft and Sidecar. The City Council passed an ordinance in May establishing a licensing and regulatory framework for the young industry. Besides being licensed by the city, rideshare companies in Chicago must conduct driver background checks and training,...