Top News & Analysis Illinois

  • WASHINGTON, Jan 19- TCF National Bank was on Thursday accused of "tricking consumers" into costly overdraft services in a lawsuit by the U.S. Consumer Financial Protection Bureau. According to the lawsuit, Minnesota- based TCF National Bank wrongly pushed customers into a costly overdraft protection that generated hundreds of millions of dollars in revenue.

  • President-elect Donald Trump officially announced Sonny Perdue as his choice for secretary of agriculture on Thursday, selecting a former Georgia governor over candidates from the Midwest states that dominate U.S. agricultural exports. He served two terms as Georgia governor from 2003 to 2011. Georgia accounted for just 2 percent of total U.S. agriculture...

  • CHICAGO— Grain futures were lower Thursday in early trading on the Chicago Board of Trade. Wheat for March delivery was 4.40 cents lower at $4.2640 a bushel; March corn was down. 60 cent at $3.6420 a bushel; March oats was down 2.60 cents at $2.5420 a bushel while January soybeans lower 7 cents to $10.68 a bushel. February live cattle was. 23 cent lower at $1.1995 a pound;...

  • BISMARCK, N.D.— A group of about two dozen North Dakota landowners is suing the developer of the disputed Dakota Access oil pipeline for alleged deceit and fraud in acquiring land easements. Other court battles are playing out in federal court in North Dakota and Washington, D.C.. The Morton County landowners in the lawsuit, filed this month in U.S. District Court,...

  • MORGANTOWN, W.Va.— A federal appeals court affirmed the criminal conviction of former Massey Energy CEO Don Blankenship on Thursday in connection with the deadliest U.S. mine disaster in four decades. The 4th U.S. Circuit Court of Appeals dismissed the concerns of coal industry associations that Blankenship's conviction would set a new precedent putting...

  • CHICAGO _ Gatx Corp. on Thursday reported fourth-quarter net income of $30.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share. Gatx shares have decreased 7 percent since the beginning of the year.

  • *Soybeans snap 4- day rally on Argentina rain risks. PARIS/ SINGAPORE, Jan 19- Chicago soybeans eased on Thursday as prices consolidated from a six-month high a day earlier that was driven by the threat of rain damage to crops in major exporter Argentina. But with drier weather forecast in Argentina this week and neighbouring Brazil already harvesting what is...

  • Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs through so-called "pass-through" fees, which can include everything from a new hire's deferred compensation to travel to high-end technology. Clients of losing funds last year, including those managed by Blackstone Group LP's Senfina Advisors LLC, Folger Hill...

  • CANBERRA, Australia— Vegemite, the salty, brown spread beloved in Australia, is going home, purchased by an Australian dairy company from the maker of Oreos. Mondelez International Inc. said Wednesday it was selling Vegemite and other Australian and New Zealand grocery products to Bega Cheese in a deal worth about $345.3 million. Deerfield, Illinois- based...

  • Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs through so-called "pass-through" fees, which can include everything from a new hire's deferred compensation to travel to high-end technology. Clients of losing funds last year, including those managed by Blackstone Group LP's Senfina Advisors LLC, Folger Hill...

  • *Soybeans snap 4 days of gains, market eyes Argentina weather. SINGAPORE, Jan 19- Chicago soybeans eased from a six-month high on Thursday with the market snapping four sessions of gains on a stronger dollar although losses were limited by concerns that floods could crimp output in Argentina, the world's third-biggest producer. The most-active soybean...

  • SYDNEY, Jan 19- U.S. soybean futures were headed for their first fall in five sessions on Thursday as a stronger dollar weighed on the market, though concerns that production in Argentina may be curtailed by unfavorable weather capped losses. *The most active soybean futures on the Chicago Board Of Trade March soybeans was down 0.3 percent at $10.72 a bushel as of...

  • Jan 18- The U.S. Army on Wednesday began the process of launching an environmental study of the Dakota Access pipeline crossing in North Dakota, a move that has been challenged by the company constructing the controversial project. The Army said on Wednesday it is gathering information to prepare an environmental impact statement regarding an easement to...

  • STANFORD, United States- Federal Reserve Chair Janet Yellen speaks on "The Economic Outlook and the Conduct of Monetary Policy" before the Stanford Institute for Economic Policy Research- 0100 GMT. FAIRFIELD, United States- San Francisco Fed President John Williams speaks before the Solano Economic Development Corporation Annual Luncheon Meeting- 2045 GMT.

  • STANFORD, United States- Federal Reserve Chair Janet Yellen speaks on "The Economic Outlook and the Conduct of Monetary Policy" before the Stanford Institute for Economic Policy Research- 0100 GMT. FAIRFIELD, United States- San Francisco Fed President John Williams speaks before the Solano Economic Development Corporation Annual Luncheon Meeting- 2045 GMT.

  • ROSEMONT, Ill. _ Wintrust Financial Corp. on Wednesday reported fourth-quarter net income of $54.6 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Five analysts surveyed by Zacks expected $270.2 million.

  • WASHINGTON, Jan 18- The largest U.S. student loan servicer, Navient Corp, cheated borrowers out of billions of dollars, often by deceiving them about repayment options and their legal rights, the U.S. consumer financial watchdog said on Wednesday as it announced a lawsuit against the company. The U.S. Consumer Financial Protection Bureau accused Navient, which...

  • CANBERRA, Australia— Vegemite, the salty, brown spread beloved in Australia, is going home, purchased by an Australian dairy company from the maker of Oreos. Mondelez International Inc. said Wednesday it was selling Vegemite and other Australian and New Zealand grocery products to Bega Cheese in a deal worth about $345.3 million. Deerfield, Illinois- based...

  • TRENTON, N.J.— For many older couples, fun in the bedroom requires help from prescription drugs, but prices of popular brand-name sexual dysfunction drugs have tripled since 2010 and insurance coverage is spotty. For men, insurance may cover six Viagra or Cialis pills per month, which now cost $50 apiece without insurance or for additional pills above the limit.

  • CHICAGO, Jan 18- U.S. soybean futures rose on Wednesday for a fourth straight session, notching a six-month high on worries that recent heavy rains could damage crops in Argentina. Chicago Board of Trade March soybeans settled up 5-3/ 4 cents at $10.75 per bushel after reaching $10.80, the contract's highest level since mid-July. "Traders are just getting bulled up...