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  • Molex 1Q net income slips on economic concerns Tuesday, 23 Oct 2012 | 1:18 PM ET

    LISLE, Ill.-- Electronic components and cables maker Molex Inc. said Tuesday that its net income sank 11 percent in its fiscal first quarter because of the weak global economy. Analysts expected Molex to report income of 40 cents per share and $920 million in revenue, according to FactSet.

  • Boeing speeds 777 production to 8.3 per month Tuesday, 23 Oct 2012 | 11:47 AM ET

    CHICAGO-- Boeing Co. said Tuesday that it has begun building its 777 jet at the highest rate that it's ever made a big passenger jet, aiming to crank out more than eight planes per month. Boeing has long said it would ramp up the pace of 777 production.

  • Grains futures, livestock prices mostly fall Tuesday, 23 Oct 2012 | 11:09 AM ET
  • AIG agrees to pay $11M to Illinois, other states Tuesday, 23 Oct 2012 | 10:56 AM ET

    CHICAGO-- Illinois will share part of an $11 million payment as part of an agreement with insurance giant American International Group Inc.. The announcement was made Monday by Illinois Department of Insurance Director Andrew Boron. Illinois was among seven lead states that started discussions with the company.

  • Anixter 3Q adj. profit meets analysts' estimates Tuesday, 23 Oct 2012 | 12:38 AM ET

    GLENVIEW, Ill.-- Security products distributor Anixter International said Tuesday that its net income dropped 53 percent in the third quarter mostly because of impairment and inventory charges. The Glenview, Ill., company earned $20.5 million, or 61 cents per share, compared with $43.5 million, or $1.26 per share, a year earlier.

  • Health care REITs pressured on Medicare cost issue Tuesday, 23 Oct 2012 | 12:11 AM ET

    BOSTON-- Shares of companies that own Medicare- supported health care facilities fell on Tuesday after an analyst reduced ratings on two of the stocks, citing the potential for cuts to the federal health program. Jefferies& Co. analyst Omotayo Okusanya cut his ratings of Ventas Inc. and Omega Healthcare Investors Inc. to "Hold" from "Buy."

  • Thefts of cell phones rise rapidly nationwide Saturday, 20 Oct 2012 | 4:02 PM ET

    Nearly half of all robberies in San Francisco this year are cell phone-related, police say, and most occur on bustling transit lines. And, in nearby Oakland, City Council candidate Dan Kalb was robbed at gunpoint of his iPhone Wednesday after he attended a neighborhood anti-crime meeting.

  • Unemployment rates in US states, at a glance Friday, 19 Oct 2012 | 3:38 PM ET
  • News Summary: Train hits 111 mph in Ill. test Friday, 19 Oct 2012 | 3:27 PM ET

    FAST TRACK: Test runs started zooming along a section of the Amtrak line between Chicago and St. Louis at 111 mph Friday. The 30- mph increase from the route's current top speed is a morale booster for advocates of high-speed rail.

  • News summary: Clothing maker files Ch. 11 Friday, 19 Oct 2012 | 2:21 PM ET

    THE NEWS: HMX Acquisition Corp., the owner of tailored clothing brands including Hickey Freeman and Hart Schaffner Marx, is filing for Chapter 11 bankruptcy protection. THE CONTEXT: The labels Hickey Freeman and Hart Schaffner Marx got their start in 1887 in Chicago and have been worn by presidents including Barack Obama.

  • Hart Schaffner Marx owner files for Chapter 11 Friday, 19 Oct 2012 | 1:59 PM ET

    NEW YORK-- HMX Acquisition Corp., the owner of tailored clothing brands including Hickey Freeman and Hart Schaffner Marx, is filing for Chapter 11 bankruptcy protection.

  • Illinois Amtrak train hits 111 mph in test run Friday, 19 Oct 2012 | 1:44 PM ET

    JOLIET, Ill.-- For the first time on a key Midwestern route between Chicago and St. Louis, an Amtrak passenger train topped 110 mph Friday, ripping through fog-shrouded farm fields and blowing past cars on a parallel highway. Illinois and the country was a wasteland when it came to high speed rail, "said U.S.

  • Caterpillar shares fall on slowing sales growth Friday, 19 Oct 2012 | 1:37 PM ET

    PEORIA, Ill.-- Caterpillar Inc. shares fell Friday after the company reported a slowdown in sales of its heavy equipment and engines last month. Caterpillar said worldwide sales of its heavy equipment rose 6 percent in September, down from gains of 13 percent and 14 percent in August and July, respectively.

  • Illinois Amtrak train hits 110 mph in test run Friday, 19 Oct 2012 | 1:08 PM ET

    JOLIET, Ill.-- An Amtrak passenger train has reached a speed of 110 mph for the first time in Illinois. The five-car, two-locomotive train zipped through the central Illinois countryside, hitting its high speed between the towns of Dwight and Pontiac.

  • Passenger numbers climb at Rockford airport Friday, 19 Oct 2012 | 11:30 AM ET

    ROCKFORD, Ill.-- Passenger numbers continue to climb at the Rockford airport, which recorded its busiest September on record for passenger traffic. The Chicago Rockford International Airport had more than 13,000 passengers last month.

  • Ameren: Natural gas costs to be steady this winter Friday, 19 Oct 2012 | 11:29 AM ET

    PEORIA, Ill.-- Ameren Illinois officials say they're expecting natural gas prices this winter will be similar to last season. Ameren Illinois, part of Ameren Corp., serves 1.2 million electric and more than 800,000 natural gas customers in central and southern Illinois.

  • Economic index jumps for Midwest, Western states Friday, 19 Oct 2012 | 11:29 AM ET

    OMAHA, Neb.-- An index of economic conditions in 10 Midwest and Western states jumped this month after three months of drought-induced doldrums. "Our survey indicates that the negative impacts of the drought are being more than offset by the positives of very strong incomes from high agriculture and energy prices," said Creighton University economist Ernie Goss.

  • Go big or go home: Jason Aldean sets stadium shows Friday, 19 Oct 2012 | 10:50 AM ET

    The hard-rocking country music star made a whirlwind run around the eastern U.S. on Thursday, announcing shows at Boston's Fenway Park, Chicago's Wrigley Field and on the University of Georgia campus in the space of 12 hours. Aldean will make the first appearance by a country music performer at Fenway Park, home of the Boston Red Sox.

  • ADM now owns 15 pct of Australia's GrainCorp Friday, 19 Oct 2012 | 10:02 AM ET

    NEW YORK-- Agribusiness conglomerate Archer Daniels Midland, seeking to acquire Graincorp, said Friday that it now owns nearly 15 percent of the Australian grain handler. Archer Daniels Midland Co. purchased a 10 percent stake in GrainCorp Ltd. Thursday night, adding to its existing 4.9 percent holding.

  • Oil slightly higher after Canada-US pipeline shut Friday, 19 Oct 2012 | 9:14 AM ET

    By early afternoon in Europe, benchmark crude for November delivery was up 36 cents to $92.46 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, which many U.S. refiners use to make gasoline, was up 40 cents to $112.82 a barrel on the ICE Futures exchange in London.

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