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Top News & Analysis Illinois

  • CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for Sept delivery was higher 2.40 cents at $5.0820 a bushel; Sept corn was down 6.40 cents at $3.8440 a bushel; Sept oats lost. 20 cent at $2.9540 a bushel while August soybeans lost 8.40 cents to $10.0460 a bushel. August live cattle was. 63 cent higher at $1.1650 a pound;...

  • SYDNEY/ PARIS, July 21- U.S. corn fell below $4 a bushel on Friday as traders took profits at the end of a week where corn was on track to gain around 2.5 pct in response to forecasts for continued adverse weather which added to fears of production losses. The most active corn futures on the Chicago Board Of Trade were down 1.3 percent to $3.99-1/ 2 a bushel after closing...

  • MEXICO CITY, July 20- Mexican breadmaker Bimbo said on Thursday it agreed to buy U.S. firm East Balt Bakeries for $650 million. Bimbo, which expanded into India and Africa in recent months, and has plans to grow in China and the rest of Asia and the Middle East, said it hoped to close the transaction by the second half of 2017, pending regulatory approval.

  • SYDNEY, July 21- U.S. corn edged lower on Friday, but the grain was on track to post a weekly gain of around 3.5 pct as forecasts for continued adverse weather stoked fears of production losses. The most active corn futures on the Chicago Board Of Trade were down 0.4 percent to $4.03-1/ 4 a bushel after closing up 2.1 percent on Thursday when prices hit a high of $4.06-3/ 4...

  • SYDNEY, July 21- U.S. corn edged lower for the first time in four sessions on Friday, but was still poised to post weekly gains of nearly 4 percent as concerns about potential crop losses from adverse weather support prices. *Corn crop condition ratings declined earlier this week in top-producing states of Iowa, Illinois and Nebraska, and extended outlooks for...

  • WASHINGTON, July 20- Seeking a more positive spin on U.S.- China economic talks viewed as ending in discord, China said on Thursday that the two sides agreed to "active and effective measures" to reduce global excess steel production capacity. Their statement did not mention steel and cited only one point of consensus, a "shared objective" to work towards reducing...

  • CHICAGO, July 20- Global grain trader Bunge Ltd's cost cutting and restructuring plans could buy it time in the face of a takeover bid from a larger rival as it struggles to stay independent during a slump in the commodities market, analysts said. In its restructuring announcement, seen as a defense against both Glencore and activist investor Carlson Capital,...

  • CHICAGO, July 20- Illinois avoided becoming the first U.S. state with a junk credit rating on Thursday after Moody's Investors Service kept the fiscally challenged state at the lowest investment grade level. The Democratic-controlled legislature enacted a $36 billion budget and $5 billion income tax increase on July 6 by overriding the vetoes of Republican...

  • CHICAGO _ MB Financial Inc. on Thursday reported second-quarter net income of $44.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. MB Financial shares have dropped roughly 10 percent since the beginning of the year.

  • MOLINE, Ill. _ QCR Holdings Inc. on Thursday reported second-quarter earnings of $8.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. QCR Holdings shares have increased nearly 10 percent since the beginning of the year.

  • NEW YORK, July 20- Stocks ended little changed on Wall Street on Thursday as a deal between Sears and Amazon weighed on home improvement retailers while gains in Microsoft helped buoy the Nasdaq. Retailers and appliance makers fell after Sears said it would sell its Kenmore home appliances on Amazon and integrate the brand's smart gadgets with the online...

  • *Wall Street ends flat but near records, Europe stocks dip. NEW YORK, July 20- The euro strengthened to its highest level in nearly two years against the U.S. dollar on Thursday after Europe's central bank chief said officials would discuss possible changes to its bond-buying scheme this autumn, while a gauge of stocks globally gained for a 10th straight session.

  • CHICAGO, July 20- Illinois avoided becoming the first U.S. state with a junk credit rating on Thursday after Moody's Investors Service kept the state at the lowest investment grade level. The Democratic-controlled legislature enacted a $36 billion budget and $5 billion income tax increase on July 6 by overriding the vetoes of Republican Governor Bruce...

  • The Apollo 13 flight plan with handwritten notations by all three crew members has fetched $275,000 at auction in New York City. The flight plan was sold at Sotheby's auction Thursday of items related to space voyages. Sotheby's declined to identify the buyer.

  • "Temperatures will continue to bake the northern Plains and western Corn Belt until the weekend, with triple-digit readings expected in parts of Iowa," Farm Futures senior analyst Bryce Knorr said in a note to clients. The benchmark Chicago Board of Trade September soft. Chicago Board of Trade corn for December delivery settled up 8-1/ 2 cents at $4.04-3/ 4 a bushel.

  • DETROIT— Billionaire entrepreneur Elon Musk says he has "verbal government approval" to build a tunnel for high-speed transportation from New York to Washington that could break ground by the end of this year. But the White House confirmed it had "positive discussions" about the tunnel with Musk and executives from his underground drilling enterprise, The...

  • The groups, including the North Dakota Petroleum Council, maintain their input is important because none of the parties in a lawsuit over the $3.8 billion pipeline to move North Dakota oil to Illinois speaks for the general oil industry. Texas- based pipeline developer Energy Transfer Partners says it would cost at least $20 million and as much as $234 million...

  • OAK BROOK, Ill.— With McDonald's now offering a delivery service, the fast-food giant is looking to make customers comfortable eating at home with a new clothing line that includes an adult-size Big Mac onesie. Oak Brook, Illinois- based McDonald's describes the McDelivery Collection as "a selection of fun, fashion forward items you can wear or use whenever and...

  • *Wall Street treads water near records, Europe stocks dip. NEW YORK, July 20- The euro surged to approach a two-year high against the U.S. dollar on Thursday after Europe's central bank chief said officials would discuss possible changes to its bond-buying scheme this autumn, while world equity markets headed for a 10th day of gains. Though European Central Bank...

  • CHICAGO— President Donald Trump's administration has ended Affordable Care Act contracts that brought assistance into libraries, businesses and urban neighborhoods in 18 cities, meaning shoppers on the insurance exchanges will have fewer places to turn for help signing up for coverage. People will have 45 days to shop for 2018 coverage, starting Nov. 1 and...