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  • CHICAGO, Feb 3- The Chicago Board of Education's penalty in the U.S. municipal bond market for its financial woes continued to grow on Wednesday as yields on a downsized $675 million bond sale topped out at a hefty 8.50 percent, according to a preliminary pricing scale obtained by Reuters. The school district had indicated it was also selling $79.5 million of...

  • NEW YORK/ CHICAGO, Feb 3- The bankrupt operating unit of Caesars Entertainment Corp on Wednesday proposed mediation in its Chapter 11 case, potentially changing the course of the litigious, drawn-out bankruptcy proceedings. Angry creditors have accused Caesars of looting the operating unit before its bankruptcy to benefit private equity owners Apollo...

  • Feb 3- The bankrupt operating unit of Caesars Entertainment Corp on Wednesday proposed mediation in its Chapter 11 case in a U.S. bankruptcy court, potentially changing the course of the drawn-out proceedings. According to a copy of the motion filed in the Northern District of Illinois court, Caesars Entertainment Operating Co believes a mediator would help...

  • NEW YORK, Feb 3- Foreign sovereign wealth funds are not automatically immune from U.S. lawsuits claiming that they defrauded investors into buying securities in the United States by making misleading statements outside the country, the federal appeals court in Manhattan ruled. The 2nd U.S. Circuit Court of Appeals said the funds are not shielded by the Foreign...

  • CHICAGO, Feb 3- U.S corn and soybeans futures fell on Wednesday, pressured by profit-taking after recent six-week highs and outlooks for needed rains in South America. CBOT March soybeans fell 11-1/ 4 cents, or 1.2 percent, to $8.75 per bushel as of 12:18 p.m. CST, after reaching $8.89-1/ 2 on Tuesday, its highest since Dec. 22. The traders also were waiting to see...

  • In Colorado, fears about InBev's entry into craft beer Wednesday, 3 Feb 2016 | 11:58 AM ET

    DENVER— In a former bakery south of downtown Denver, Matthew Fuerst makes beer flavored with ingredients like Hatch green chiles that he chops by hand. Fuerst worries InBev could use its distribution leverage and buying power to squeeze other craft beers out of liquor store shelves, discount its own craft beer line and buy up raw materials after its purchase...

  • Grain mixed, livestock higher Wednesday, 3 Feb 2016 | 10:50 AM ET

    CHICAGO— Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2.50 cents higher at $4.78 a bushel; March corn was. 50 cent lower at $3.7160 a bushel; March oats were. 25 cent higher at $2.0040 a bushel; while March soybeans was 6.50 cent lower 8.7940 a bushel. April live cattle was. 58 cent higher at $1.3533 a pound;...

  • Exelon misses 4Q profit forecasts Wednesday, 3 Feb 2016 | 8:17 AM ET

    CHICAGO _ Exelon Corp. on Wednesday reported fourth-quarter earnings of $291 million. Exelon expects full-year earnings in the range of $2.40 to $2.70 per share. Exelon shares have risen 8.5 percent since the beginning of the year, while the Standard& Poor's 500 index has declined roughly 7 percent.

  • Mondelez reports 4Q loss Wednesday, 3 Feb 2016 | 8:15 AM ET

    DEERFIELD, Ill. _ Mondelez International Inc. on Wednesday reported a fourth-quarter loss of $729 million, after reporting a profit in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Mondelez shares have decreased slightly more than 6 percent since the beginning...

  • *China soy demand seen slowing in Lunar New Year break. PARIS/ SINGAPORE, Feb 3- Chicago corn and soybeans traded little changed on Wednesday as favourable crop weather in South America capped prices after a rally to six-week highs fuelled by short-covering by investment funds. The most active Chicago Board of Trade corn contract edged 0.1 percent lower to...

  • Jones Lang LaSalle misses 4Q profit forecasts Wednesday, 3 Feb 2016 | 8:07 AM ET

    CHICAGO _ Jones Lang LaSalle Inc. on Wednesday reported fourth-quarter profit of $196.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.85 per share. Jones Lang LaSalle shares have fallen 16 percent since the beginning of the year.

  • CDK Global beats Street 2Q forecasts Wednesday, 3 Feb 2016 | 7:59 AM ET

    HOFFMAN ESTATES, Ill. _ CDK Global Inc. on Wednesday reported fiscal second-quarter net income of $68.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. CDK Global shares have declined slightly more than 9 percent since the beginning of the year.

  • CBOE tops 4Q profit forecasts Wednesday, 3 Feb 2016 | 7:49 AM ET

    CHICAGO _ CBOE Holdings Inc. on Wednesday reported fourth-quarter net income of $50.2 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. CBOE shares have risen 1 percent since the beginning of the year.

  • Rubio could see campaign fortunes rise from Iowa finish Wednesday, 3 Feb 2016 | 3:15 AM ET

    WASHINGTON— Marco Rubio's strong third-place finish in Iowa could sound like a starting gun to the Republican Party's top donors. Rubio, a 44- year-old Florida senator, came within striking distance of Trump's second place in Iowa, a surprising result given the celebrity businessman's dominance in polls. Rubio moves on to New Hampshire, which weighs in Tuesday,...

  • WASHINGTON— Three of the biggest freight railroads operating in the U.S. have told the government they won't meet a 2018 deadline to start using safety technology intended to prevent accidents like the deadly derailment of an Amtrak train in Philadelphia last May. Canadian National Railway, CSX Transportation and Norfolk Southern say they won't be ready...

  • CHICAGO, Feb 2- Health experts are bracing for Zika virus to spread to the United States by April or May, borne by a mosquito that craves human blood, feeds during the day and lives under beds and inside closets. Until now, the best weapon against disease-carrying mosquitoes in the United States has been outdoor pesticide fog sprayed by truck and airplane.

  • SP Plus Corp. will handle paid parking at all non-union MGM Resorts International properties, including Mandalay Bay, Delano, Monte Carlo, New York-New York, Vdara, Aria, Bellagio, The Mirage and MGM Grand, the company said. Valets were told during an afternoon employees' meeting that SP Plus will hire MGM Resorts' approximately 400 non-union parking service...

  • "Our performance was driven by procedure growth, which was unexpectedly strong during the holiday season and has not been our typical experience," Edwards Chief Executive Michael Mussallem told analysts on a conference call. Edwards shares were up 5 percent in after-hours trading on Tuesday, compared with their close of $76.91 on the New York Stock Exchange.

  • Arthur J. Gallagher tops 4Q profit forecasts Tuesday, 2 Feb 2016 | 5:27 PM ET

    ITASCA, Ill. _ Arthur J. Gallagher& Co. on Tuesday reported fourth-quarter profit of $62.3 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Arthur J. Gallagher shares have fallen slightly more than 8 percent since the beginning of the year.

  • Fourth-quarter net income rose to $140.7 million, or 64 cents a share, from $109.2 million, or 50 cents a share, a year ago. The Irvine, California- based company said it now expects full-year earnings, excluding items, in a range of $2.57 to $2.67 a share. It previously forecast 2016 earnings at $2.30 to $2.40 a share.