Top News & Analysis Illinois

  • Tuesday's filing in Chicago federal court alleges Personnel Staffing Group LLC used code words to distinguish races. The 33- page lawsuit was filed on behalf of several African-American laborers, and it names Personnel Staffing Group and about half a dozen of its client companies as defendants. It cites alleged instances of racism by a Personnel Staffing...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • CHICAGO, Dec 6- The bank lenders of Caesars Entertainment Corp's operating unit said they might walk away from a plan to bring the casino unit out of its $18 billion bankruptcy, potentially sending a high-stakes reorganization plan into disarray. The committee of bank lenders, which includes Blackstone Group LP's GSO Capital Partners, has yet to resolve a...

  • DES MOINES, Iowa— The completion of the Dakota Access oil pipeline has been delayed after the U.S. Army declined to grant an easement for the final few thousand feet under a Missouri River reservoir in North Dakota pending further study. Pipeline company Energy Transfer Partners originally was expected to finish the pipeline before the end of this year, but the...

  • Supreme Courts gets tough on insider trading

    The Supreme Court cracks down on insider trading by ruling that tips from relatives and friends are illegal, even if the insider gets nothing of value in return.

  • The justices, in an 8-0 decision, upheld the 2013 conviction of Bassam Salman, a Chicago man who made nearly $1.2 million trading on non-public information that came from his brother-in-law at Citigroup Inc. It was the court's first ruling in an insider trading case in two decades. The ruling was a major victory for securities regulators and prosecutors, who for...

  • WASHINGTON, Dec 6- The Supreme Court on Tuesday handed a victory to two whistleblower sisters by upholding a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage caused by Hurricane Katrina along the Gulf of Mexico coast in 2005.. The court ruled 8-0 to reject State Farm's challenge to a 2015 lower court...

  • CHICAGO, Dec 6- U.S. soybean futures rallied on Tuesday, with another round of export deals with China as well as concerns about dry weather in Argentina pushing prices higher, traders said. At 10:33 a.m. CST, Chicago Board of Trade January soybean futures were up 14 cents at $10.57-1/ 2 a bushel. The U.S. Agriculture Department on Tuesday morning said that private...

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information. The justices, in an 8-0 decision, ruled against Bassam Salman, who was appealing a 2013 conviction stemming...

  • WASHINGTON, Dec 6- The Supreme Court on Tuesday upheld a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage caused by Hurricane Katrina along the Gulf of Mexico coast in 2005.. The court ruled 8-0 in rejecting State Farm's challenge to a 2015 lower court ruling upholding the verdict in a 2006 lawsuit...

  • *OPEC, Russian oil output at record highs. *Saudi price war, Neutral Zone plan undermine OPEC promise. After rising over 15 percent over the four sessions since the Nov. 30 OPEC meeting, Brent futures were down $1.25, or 2.3 percent, to $53.69 a barrel at 10:13 a.m. EST.

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information. The justices, in an 8-0 decision, ruled against Bassam Salman, who was appealing a 2013 conviction stemming...

  • CHICAGO— Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for December delivery was 3 cents higher $3.9220 a bushel; December corn was up 2.20 cents at $3.5160 bushel; March oats was 1.60 cents higher at $2.15 a bushel while January soybeans gained 9.40 cents to $10.53 a bushel. December live cattle was. 03 cent higher at...

  • The justices on Tuesday rejected claims by State Farm that the whistleblower case against the insurer should have been dismissed because its existence was leaked while it was supposed to be secret. Sisters Cori and Kerry Rigsby filed the fraud lawsuit on behalf of the government after they said they witnessed State Farm shifting Mississippi claims to...

  • WASHINGTON— A unanimous Supreme Court on Tuesday sided with the government in a legal clash over the nation's insider trading laws, a victory for prosecutors seeking to curb corruption on Wall Street. It also limited the impact of a 2014 ruling from the federal appeals court in Manhattan that had raised doubts about the scope of insider trading laws.

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information.

  • Dec 6- Verizon Communications Inc, the No. 1 U.S. wireless carrier, is selling 29 data centers in the United States and Latin America to Equinix Inc for $3.6 billion, as the telecom giant focuses on its core business. The data centers being sold are located in 15 metro areas, including New York, Atlanta, Chicago, Bogota and Sao Paulo. Verizon has pivoted to mobile video and...

  • Dec 6- Verizon Communications Inc, the No. 1 U.S. wireless carrier, is selling 29 data centers to Equinix Inc for $3.6 billion, as the telecom giant focuses on its core business. The data centers being sold are located in 15 metro areas in the United States and Latin America, including New York, Atlanta, Chicago, Bogota and Sao Paulo. Equinix was advised by Evercore, J.P....

  • Dec 6- Verizon Communications Inc, the No. 1 U.S. wireless carrier, has agreed to sell 29 data centers to Equinix Inc for $3.6 billion. The data centers being sold are located in 15 metro areas, including New York, Atlanta, Chicago, Bogota and Sao Paulo. The sale represents Verizon's efforts to streamline its business and follows the divestment last year of a chunk of its...