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Top News & Analysis Illinois

  • Oct 10- PrivateBancorp Inc plans to raise about $200 million to repay the bailout funds it received from the U.S. PrivateBancorp will raise $75 million in an underwritten public offering of its common stock and the rest in debt, the company said. PrivateBancorp shares were down about 2 percent in extended trade.

  • CHICAGO-- Mayor Rahm Emanuel proposed a new city budget Wednesday that he says will put more police officers on Chicago's streets and more kids in early childhood education without raising taxes or fees. But he warned that without pension reform from Springfield, the financial gains the city has made "will go out the window."

  • WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.

  • NEW YORK-- If you are trying to figure out if small businesses are hiring, it depends on where you look. Just last Friday when the government was raising suspicious eyebrows with its report of a sudden drop in the unemployment rate so close to a presidential election, Andy Asbury was hiring a full-time employee to work at his Minneapolis real estate brokerage.

  • Oct 10- Arthur J. Gallagher& Co:. Arthur J. Gallagher& Co. today announced the acquisition of Coyle Insurance Agency, Inc., in Peoria, Illinois.

  • SMASHING SUCCESS: Farmers in a stretch of Illinois where most of the nation's pumpkins are grown say their crop is likely to be one of the few successes in a year when severe drought baked most of the nation's heartland.

  • WASHINGTON-- Stronger housing markets helped boost economic growth at the end of the summer in nearly every region of the United States, according to a Federal Reserve survey released Wednesday. The Fed said growth improved in 10 of its 12 regional banking districts from mid-August through September, while leveling off in one region and slowing in another.

  • *AMG/Permira plan to split up Robeco- sources. *Robeco could fetch more than 2 bln euros- sources. is weighing three offers for its asset management arm Robeco, facing a choice between bids to split the 2 billion euro- plus business or sell it in one piece, people familiar with the situation said.

  • The weeklong program of panel discussions, speakers and demonstrations, which opened Monday, was the brainchild of Groupon co-founder Brad Keywell, who regards Chicago Ideas Week as a startup, albeit one that will never be publicly traded on Wall Street. The Chicago- based entrepreneur was briefly a billionaire after Groupon Inc.' s IPO last year.

  • NEW YORK-- Downbeat reports from Alcoa and Chevron at the start of a critical corporate earnings season pulled stock indexes lower for a third straight day Wednesday. Alcoa, the aluminum producer, beat Wall Street earnings estimates on Tuesday night but said it expects a slowdown in China to weaken demand for aluminum.

  • *Seller Rabobank evaluating the offers for Robeco- sources. *AMG/Permira plan to split up Robeco- sources. *Robeco could fetch more than 2 billion euros- sources.

  • CHICAGO, Oct 10- Wal-Mart Stores Inc:. *CEO says gaining share in almost every country Wal Mart- operates in. *CEO says international business will continue to be a growth engine.

  • Oct 10- Toys R Us Inc said it will open toy departments in 24 Macy's Inc stores this holiday season as the world's largest specialty toy retailer looks to reach more shoppers in the biggest selling season of the year.

  • The video was shot using a hidden camera by a member of Mercy for Animals who got a job at Bettencourt Dairies' Dry Creek Dairy in Hansen for a few weeks this summer.

  • ST. LOUIS-- Farmers in a stretch of Illinois where most of the nation's pumpkins are grown say their crop looks relatively smashing and is likely to be one of the few successes in a year when severe drought baked most of the nation's heartland. But John Ackerman said most of the pumpkins he planted fared "fantastic" for a simple, single reason: Pumpkins dig dry weather.

  • TOKYO, Oct 10- Japan's Nikkei share average is expected to open down on Wednesday and test a one-month low on concerns over companies' latest quarterly earnings results as global growth slows. "The Alcoa results were above market forecast but they were still in the red," said Takashi Hiroki, chief strategist at Monex Inc..

  • "The IGB's staff has done a tremendous job to... bring this new industry to Illinois," board Chairman Aaron Jaffe said in a written statement. Jeff Glover, manager of Chino's Pizzeria in the Chicago suburb of Justice, said he'd just finished mopping when he saw the restaurant's three terminals activated around 11:30 a.m..

  • Oct 9- Jack Welch, the former chairman of General Electric who sparked an outcry with a tweet last week suggesting the White House manipulated job numbers for political gain, is no longer writing for Reuters or Fortune. "Unbelievable jobs numbers... these Chicago guys will do anything... can't debate so change numbers," Welch tweeted.

  • Oct 9- Jack Welch, the former chairman of General Electric who sparked an outcry with a tweet last week suggesting the White House manipulated job numbers for political gain, is no longer writing for Reuters or Fortune. "Unbelievable jobs numbersï¿ ½th ese Chicago guys will do anythingï¿ ½ can't debate so change numbers," Welch tweeted.