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Top News & Analysis Illinois

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  • *Chicago Board Of Trade December wheat fell to $4.76-1/ 2 a bushel, matching a contract low touched on Monday and Wednesday, and was trading down 0.4 percent at $4.77-1/ 4 a bushel 0047 GMT. Wheat closed down 1.5 percent on Wednesday. *Wheat under pressure amid abundant supplies and dim U.S. export prospects.

  • CHICAGO, Sept 2- Illinois is eyeing a return to the U.S. municipal bond market this year after an absence of more than 15 months, even as the state struggles to address its many fiscal problems. Illinois last sold bonds in May 2014 with a $750 million general obligation bond issue. "If you throw out Puerto Rico, Illinois is by far the worst state in the nation," said Nick...

  • CHICAGO, Sept 2- U.S. wheat futures sank on Wednesday, weighed down by signs of abundant supplies and dim prospects for U.S. exports, traders said. The front-month K.C. hard red winter wheat contract shed 2.5 percent and hit its lowest in more than eight years, while the most actively traded Chicago Board of Trade December soft red winter wheat contract touched...

  • CHICAGO, Sept 2- Illinois is eyeing a return to the U.S. municipal bond market this year after an absence of more than 15 months, even as the state struggles to address its many fiscal problems. Illinois last sold bonds in May 2014 with a $750 million general obligation bond issue. An impasse between Rauner and Democrats who control the House and Senate has left...

  • CHICAGO, Sept 2- U.S. wheat futures sank on Wednesday, weighed down by signs of abundant supplies and dim prospects for U.S. exports, traders said. The front-month K.C. hard red winter wheat contract shed 2.8 percent and hit its lowest in more than eight years, while the most actively traded Chicago Board of Trade December soft red winter wheat contract flirted with...

  • CHICAGO, Sept 2- Truck and engine maker Navistar International Corp on Wednesday reported its 12th consecutive quarterly loss and said it could face regulatory enforcement action for its disclosure practices, sending its shares down nearly 7 percent. Navistar said it received Wells notices from the U.S. Securities and Exchange Commission that recommended...

  • CHICAGO— Grain futures were mixed in early trading Wednesday on the Chicago Board of Trade. Wheat for December delivery lost 5.50 cents to $4.8060 a bushel; December corn was 1 cent lower at $3.68 a bushel; December oats were 2.50 cents higher at 2.2640 a bushel; while November soybeans gained 1.50 cents to 8.7560 a bushel. October live cattle was. 40 cent lower at...

  • LISLE, Ill.— Truck and engine maker Navistar said Wednesday the federal government may take action against the company in a dispute over environmental certification of heavy-duty diesel engines. Navistar said it received "Wells Notices" from the SEC on Aug. 13 and 17, which means the SEC's investigators are recommending that the agency take civil action...

  • BILLINGS, Mont.— U.S. transportation officials on Wednesday offered $10 million in grants for states to upgrade highway-rail crossings and tracks in response to a recent surge in flammable fuel shipments. The announcement from the U.S. Department of Transportation comes as rail crossing collisions have increased over the past several years, following more...

  • SYDNEY, Sept 2- U.S. soybeans edged higher on Wednesday, gaining back some ground after losing 1.5 percent a day earlier but concerns about slowing economic growth and market woes in China- the world's largest importer of soybeans- continued to weigh on sentiment. *Soybeans snapped a three-session winning streak on Tuesday, sparked by a report that showed that...

  • McDonald's will launch all day breakfast on Oct. 6 Tuesday, 1 Sep 2015 | 5:53 PM ET

    NEW YORK— If you're one of those people who hates missing the end of breakfast hours at McDonald's, hang on just a little longer: the chain says its breakfast menu will be available all day starting Oct. 6. McDonald's is also working to improve its food by toasting buns longer and searing burgers to improve taste, and it's looking for a way to shake up its image.

  • WASHINGTON/ NEW YORK, Sept 1- Kmart Corp has paid $1.4 million to settle U.S. allegations that it violated the federal False Claims Act by inducing Medicare beneficiaries to fill prescriptions at its pharmacies, the Department of Justice said on Tuesday. The government said the accord resolves allegations that Kmart, a unit of Sears Holdings Corp, let...

  • Sept 1- Fiat Chrysler Automobiles NV will move the production of Jeep Cherokee out of Toledo, Ohio as the automaker readies the facility for producing its redesigned Jeep Wrangler, Automotive News website reported. The production of Jeep Cherokee is likely to be shifted to the company's Sterling Heights Assembly in Michigan or Belvidere Assembly in Illinois,...

  • 7-Eleven expands deliveries, but Slurpees not included Tuesday, 1 Sep 2015 | 12:26 PM ET

    Customers in Chicago, Los Angeles and parts of New York can order other items from the convenience store chain, including chicken wings, cold medicine and paper towels. Stores in Washington D.C. and Boston will offer delivery in the coming months, the companies said, and more cities are planned. McDonald's, Chipotle and Starbucks are working with delivery company...

  • *Soybeans drop 1.6 percent, corn falls 1.3 percent. CHICAGO, Sept 1- Chicago Board of Trade corn and soybean futures dropped on Tuesday on concerns that commodity purchases from China will slow as the country's economy softens, traders said. Wheat futures firmed despite worries about the viability of U.S. exports as investment funds covered short positions...

  • *China manufacturing contracts at fastest pace in 3 years in Aug. NEW YORK, Sept 1- U.S. short- and medium-term Treasuries prices rose on Tuesday after data showing weakness in Chinese and U.S. manufacturing in August fueled safe-haven bids for U.S. debt, while long-dated Treasuries prices slipped on possible selling by a foreign central bank.

  • Grain and livestock mostly lower Tuesday, 1 Sep 2015 | 10:38 AM ET

    CHICAGO— Grain futures were mostly lower in early trading Tuesday on the Chicago Board of Trade. Wheat for December delivery gained 3.50 cents to $4.8860 a bushel; December corn was 3.25 cents lower at $3.72 a bushel; December oats were 1.50 cents lower at 2.2860 a bushel; while November soybeans lost 11.50 cents to 8.76 a bushel. October live cattle was 1.75 cents...

  • AMARILLO, Texas— Six people face federal charges after the cabin crew and passengers of a Southwest Airlines flight said they behaved in such an aggressive and hostile manner that the flight made an unscheduled landing in Amarillo, Texas. All are jailed without bond in the Randall County Jail in nearby Canyon, Texas, pending a federal detention hearing in...

  • The oil tank cars- a year ago sought-after to haul crude from North Dakota to New Jersey- now stand idle as a result of two converging trends: the reversal in U.S. shale oil production and the completion of new pipelines. Big rail lines, such as Berkshire Hathaway- owned BNSF Railways or Union Pacific are losing what used to be their fastest-growing source of new...

  • Corn gave up 0.6 percent to $3.73 a bushel and wheat slid 0.4 percent to $4.83-1/ 4 a bushel. "Corn and soybean markets are coming under pressure as U.S. crops are just doing fine and very large supplies from the Midwest will flood the market," said Kaname Gokon of brokerage Okato Shoji in Tokyo. Corn crop was seen at 68 percent good to excellent, matching analysts'...