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Top News & Analysis Illinois

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • LOS ANGELES, June 22- The parent of Burger King and Tim Hortons on Thursday vowed to cut the use of antibiotics in its chicken supply, joining other major fast-food chain operators in the battle against the rise of dangerous antibiotic-resistant bacteria known as superbugs. Restaurant Brands International Inc said it intends to switch its Burger King and Tim...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • SAN FRANCISCO, June 22- Facebook Inc Chief Executive Mark Zuckerberg revised the world's largest online social network's mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups. The move comes as Facebook faces pressure from smaller rivals such as Nextdoor and Meetup, whose online...

  • "We're looking at better weather in the Midwest- that's been the big driver," said Price Futures Group broker Jack Scoville. CBOT July soybean futures eased 12 cents to $9.06-1/ 2 per bushel, the lowest since March 2016. CBOT July corn was down 5-1/ 4 cents at $3.63-1/ 2 per bushel and CBOT July wheat was off 3-1/ 4 cents to $4.61-1/ 4 at 12:45 p.m. CDT.

  • SAN FRANCISCO— At Facebook, mere "sharing" is getting old. So the Facebook founder wants to bring more meaning to its nearly 2 billion users by nudging them into online groups that bring together people with common passions, problems and ambitions. Much like the creation of Facebook itself— the largest social-engineering project in history— that shift could have...

  • June 22- More than 80 percent of Americans want to limit firearms access for people with mental illness and require background checks at gun shows and in private sales, according to a Pew Research Center survey released on Thursday. On June 14, an Illinois man opened fire on Republican members of Congress with legally purchased guns during a baseball practice...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close stores as it restructures its operations, following years of declining sales as it has lost customers to big-box retailers, more nimble apparel companies and online merchants. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company,...

  • CHICAGO— Grain futures were lower Thursday in early trading on the Chicago Board of Trade. Wheat for July delivery was 5.60 cents lower at $4.5860 a bushel; July corn was down 2.20 cents at $3.6640 a bushel; July oats was down 3.60 cent at $2.55 a bushel while July soybeans lost 4 cents to $9.1460 a bushel. June live cattle was 1.18 cent lower at $1.1833 a pound; August...

  • *Egypt tender to put focus back on export competition. PARIS/ SINGAPORE, June 22- Chicago wheat futures slid for a second session on Thursday as the market consolidated below a one-year high earlier this week, with traders awaiting further signs of damage from unfavorable weather in U.S. and European wheat belts. The most-active wheat contract on the Chicago...

  • The Feds optimism has no real counterpart in any of the data that weve seen so far, said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York The presumption of weak economic growth is fairly firmly rooted and you can see that in the long-end of the curve. Dallas Federal Reserve Bank President Robert Kaplan on Tuesday said that the yield curve...

  • CHICAGO _ Methode Electronics Inc. on Thursday reported fiscal fourth-quarter profit of $23.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Three analysts surveyed by Zacks expected $214.4 million.

  • TAIPEI, June 22- Foxconn, the world's largest contract electronics maker, is looking at six U.S. states including Wisconsin as locations for a display-making plant and would make a decision next month, top executives said on Thursday. The Taiwan- based company has been eyeing U.S. investments for some time, and Chairman and Chief Executive Terry Gou visited the...

  • TAIPEI, Taiwan— The chairman of Taiwanese electronics giant Foxconn said Thursday it may spend more than $10 billion to set up manufacturing in the United States, and will announce investment plans by early August for at least three states. Terry Gou gave no new information about where Foxconn will locate a U.S. display panel factory he said in January would cost...

  • SAN FRANCISCO, June 21- Uber Technologies Inc Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under pressure from investors after a string of setbacks. The resignation sent shockwaves through Silicon Valley and leaves Uber's board of directors with the problem of...

  • WASHINGTON— The Latest on former Homeland Security Secretary Jeh Johnson's testimony before the House Intelligence Committee:. Jeh Johnson, the former head of the Homeland Security Department, told members of the House intelligence committee that because Trump "was predicting that the election was going to be rigged," the Obama administration was concerned...

  • U.S. wheat fell 0.5 percent on Thursday to extend two-day losses to nearly 2.5 percent, as traders paused a run of recent gains to assess damage from recent unfavorable weather across the United States and Europe. *The most active wheat futures on the Chicago Board Of Trade fell 0.5 percent to $4.62-1/ 4 a bushel, having closed down 1.7 percent on Wednesday.

  • SAN FRANCISCO, June 21- Uber Technologies Inc Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under pressure from investors after a string of setbacks. The resignation sent shockwaves through Silicon Valley and left Uber's board of directors with the problem of finding a...

  • **LONDON- Kristin Forbes, an external member of the Bank's Monetary Policy Committee, gives speech at the London Business School- 1800 GMT. **LONDON- Chris Salmon, Executive Director, Markets, Bank of England, gives opening remarks at the City Mental Health Alliance Graduate Wellbeing in the City event- 1200 GMT. WASHINGTON- Federal Reserve Board Governor Jerome...

  • **LONDON- Kristin Forbes, an external member of the Bank's Monetary Policy Committee, gives speech at the London Business School- 1800 GMT. **LONDON- Chris Salmon, Executive Director, Markets, Bank of England, gives opening remarks at the City Mental Health Alliance Graduate Wellbeing in the City event- 1200 GMT. WASHINGTON- Federal Reserve Board Governor Jerome...