Two days after a fire at an air-traffic control center crippled Chicago's air service, hundreds of flights were cancelled Sunday, reports USA Today.» Read More
Sept 30- U.S. drugstore chain Walgreen Co said lower insurer payments for prescriptions amid increased competition, and a rise in generic drug prices would continue to hurt margins in the current quarter, pressing its shares. Pharmacy chains such as Walgreen are contracted with health insurers and others that operate Medicare Part D drug plans.
WASHINGTON— Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they'll count the ways:. When the Great Recession struck in late 2007 and squeezed most family budgets, the top 10 percent of earners— with incomes averaging $253,146— went in a different direction: They doubled down on their kids' futures.
WASHINGTON— President Barack Obama will deliver an economic address this week seeking to promote the recovery as the campaign season heads into its final weeks before midterm congressional elections.
DES MOINES, Iowa— The Iowa attorney general's office says a lawsuit alleging whiskey maker Templeton Rye misled consumers can proceed. The Des Moines Register reports a state law requires the Iowa attorney general's office to evaluate the lawsuit and determine if the claims have validity to move forward in court.
CHICAGO— Grain futures were lower Tuesday in early trading on the Chicago Board of Trade. Wheat for Dec delivery was unchanged at $4.8125 a bushel; Dec corn was 1.50 cents lower at $3.2425 a bushel; Dec oats were unchanged at $3.34 a bushel; while Nov soybeans declined 7.50 cents to $9.16 a bushel.
Sept 30- U.S. drugstore chain operator Walgreen Co reported its biggest jump in quarterly sales in three years, helped by higher prescription sales, sending its shares up more than 3 percent in premarket trading. Walgreen ended the year with a record 856 million filled prescriptions.
Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance-Boots acquisition, but the drugstore chain's results still met Wall Street expectations.
Sept 30- U.S. drugstore chain operator Walgreen Co reported a 6.2 percent rise in quarterly sales, helped by higher prescription sales, sending its shares up more than 3 percent in premarket trading.
CHICAGO— Officials say ridesharing giant Uber will create 420 jobs in the next two years in a major expansion of its Chicago regional headquarters. Pat Quinn joined in the announcement Monday. Uber's Chicago office covers the company's central region, including Texas and Canada.
Alex Padilla, D- Los Angeles, credits the momentum for statewide legislation to the more than 100 cities and counties, including Los Angeles and San Francisco, that already have such bans. The measure marks a major milestone for environmental activists who have successfully pushed plastic bag bans in cities across the U.S., including Chicago, Austin and Seattle.
Sept 30- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts- based firm that advises 401 plans with $50 million to $100 million in assets.
NEW YORK— Traffic at Chicago's two busiest airports was slowly returning to more normal levels Monday, three days after a fire at a regional air traffic control center disrupted much of the nation's air-travel system.
NEW YORK— Card data of Supervalu and Albertsons shoppers may be at risk in another hack, the two supermarket companies said Monday. Supervalu said the malware was installed on a network that processes card transactions at several chains, but it believes data was only taken from certain checkout lanes at four Cub Foods stores in Minnesota.
CHICAGO, Sept 29- A man accused of setting fire to an air control facility in Chicago on Friday, causing an outage that continues to disrupt flights, appeared in federal court on Monday to hear the charges against him and was ordered held without bond.
*Corn hits new 5- year low, soybeans at 4-1/ 2 year low. Corn had its first gains in three sessions after falling as low as $3.22 per bushel, the lowest since September 2009. Soybeans rebounded after dropping to $9.05-1/ 2, a 4-1/ 2 year low.
How one tech start-up is using data to make car insurance cheaper.
SPRINGFIELD, Ill.— Illinois House Republicans, fearing that majority Democrats could take money away from their suburban Chicago school districts in a postelection vote, have thrown up prominent if symbolic opposition on Senate- approved legislation to overhaul state funding for public education. The Bunker Hill Democrat's plan won Senate approval in May.
CHICAGO— A magistrate judge ordered a suburban Chicago man held without bond Monday on charges he set a fire at an air traffic control center, causing damage that brought the city's two international airports to a halt.
NEW YORK, Sept 29- Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers from bribing officials in China to win business there.
NEW YORK, Sept 29- U.S. crude oil rose on Monday, hovering around $94 a barrel on support from strong U.S. economic data last week, while Brent edged up after nearing a two-year low last week. "I think demand by U.S. refiners to make product to export is definitely supporting WTI prices," said Gene McGillian, an analyst at Tradition Energy in Stamford, Connecticut.