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Top News & Analysis Illinois

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  • Ex-Goldman exec's 2-year sentence draws scrutiny Thursday, 25 Oct 2012 | 2:36 AM ET

    Judge Jed Rakoff described the sentence and $5 million fine given to former Goldman Sachs and Procter& Gamble Co. board member Rajat Gupta, 63, on Wednesday as sufficient to deter others and properly punish the Westport, Conn., resident.

  • UMW sues Arch, Peabody over Patriot benefits Thursday, 25 Oct 2012 | 12:53 AM ET

    CHARLESTON, W.Va.-- The United Mine Workers of America is suing Arch Coal Inc. and Peabody Energy Corp. in southern West Virginia over pension and health-care benefits for bankrupt Patriot Coal Corp.' s active and retired miners.

  • Tenneco rides big tax gain to $125M 3rd-qtr profit Thursday, 25 Oct 2012 | 12:50 AM ET

    LAKE FOREST, Ill.-- Auto parts maker Tenneco Inc. reported a $125 million third-quarter profit Thursday, quadrupling its earnings from a year earlier thanks largely to a large tax gain. Tenneco said net income for the July-through-September period amounted to $2.05 per share and was up from $30 million, or 49 cents per share, in the third quarter of 2011..

  • Emails highlighting Ill. services go to businesses Thursday, 25 Oct 2012 | 12:49 AM ET

    SPRINGFIELD, Ill.-- The Illinois Department of Employment Security will send emails to 800,000 business leaders and workers to highlight state services. Agency Director Jay Rowell said Wednesday the emails will offer help to companies in hiring, setting wages and building business plans.

  • United has rough third quarter Thursday, 25 Oct 2012 | 12:33 AM ET

    It was a rough third quarter for United Airlines. Net income for United Continental Holdings Inc. dropped to $6 million, or 2 cents per share, from $653 million, or $1.69 per share, a year earlier. But excluding that charge, its profit of $1.35 per share was still 12 cents less than analysts expected, according to FactSet.

  • American Airlines adding Chicago-Dusseldorf route Thursday, 25 Oct 2012 | 12:23 AM ET

    CHICAGO-- American Airlines has announced it is adding flights from Chicago's O'Hare International Airport to Dusseldorf, Germany, and Columbia, Mo.. In a statement Wednesday, Chicago Mayor Rahm Emanuel said Chicago and Dusseldorf are travel hubs that spur growth. American is adding new domestic service between Chicago and Columbia, Mo., on Feb. 14.

  • Equity Residential, whose chairman is Sam Zell, and AvalonBay Communities Inc on Wednesday both reported an increase in rents, but they were the smallest increases in at least three quarters.

  • TOKYO, Oct 25- Japan's Nikkei share average was seen moving sideways on Thursday with investors weighing up profit forecast cuts from Nintendo Co Ltd and others as earnings season gets under way, although expectations of further monetary easing by the Bank of Japan should provide support.

  • SEATTLE, Oct 24- Firm sales numbers for Microsoft Corp's Windows 8 and its new Surface tablet will not be available for three months, but it may be clear long before then if it has a hit on its hands.

  • American plans to hire 2,500 pilots Wednesday, 24 Oct 2012 | 10:42 PM ET

    DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.

  • NEW YORK, Oct 24- Barnes& Noble Inc said on Wednesday that customers who shopped at 63 of its stores as recently as last month may have had their credit or debit card information stolen in what the U.S. bookstore chain called a ``sophisticated criminal effort.''.

  • *Vote follows FDA approval in June. CHICAGO, Oct 24- Advisers to the U.S. Centers for Disease Control and Prevention voted on Wednesday to recommend the use of GlaxoSmithKline's newly approved vaccine for bacterial meningitis in babies at increased risk of the infection.

  • *Copper ends near 6- week lows, gold slips below $1,700. NEW YORK, Oct 24- Brent crude fell for a seventh straight session on Wednesday, hitting 12- week lows after a sharp build in U.S. oil stockpiles, while most other commodities slid too as the dollar remained strong against the euro. Wheat futures hit one-month highs in Europe and a three-week peak in Chicago trade.

  • KBR posts 3Q loss as acquisition loses value Wednesday, 24 Oct 2012 | 7:08 PM ET

    HOUSTON-- Engineering company and contractor KBR Inc. said Wednesday that it lost money in the third quarter as it wrote down the value of a 2010 acquisition. KBR bought Chicago- based Roberts& Schaefer in December 2010 for $280 million.

  • American plans to hire 2,500 new pilots Wednesday, 24 Oct 2012 | 6:32 PM ET

    DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.

  • UPDATE 3-Visa hires JPMorgan's Charles Scharf as CEO Wednesday, 24 Oct 2012 | 6:25 PM ET

    Oct 24- Visa Inc said Charles Scharf, a former head of JPMorgan Chase& Co's retail financial services division, will succeed Joseph Saunders as chief executive, effective Nov. 1. Scharf worked closely with Jamie Dimon, chairman and CEO of JPMorgan, when the two men were at Citigroup Inc in the 1990 s.

  • Coming changes in estate, gift taxes stir 'frenzy' Wednesday, 24 Oct 2012 | 5:09 PM ET

    CHICAGO-- Taxes that are largely a concern of the very rich will soon affect far more people unless Congress steps in. Financial advisers, and trust and estate attorneys have been flooded with requests for assistance in the final months before the record-high exemption for both taxes is scheduled to plunge to $1 million from $5.12 million on Jan 1.

  • SunCoke 3Q earnings soar on higher prices, volume Wednesday, 24 Oct 2012 | 3:10 PM ET

    LISLE, Ill.-- SunCoke Energy posted a 74 percent jump in third-quarter net income thanks to more robust sales of coke at higher prices. The company easily topped Wall Street profit expectations for the quarter, but shares slid 2 percent with revenue for the quarter and a full-year outlook that fell short.

  • Clarification: Earns-Anixter International Wednesday, 24 Oct 2012 | 3:06 PM ET

    GLENVIEW, Ill.-- In a story Oct. 23, The Associated Press described Anixter International Inc. as a security products distributor instead of as a company that distributes communication and security products, electrical wire and cable products and fasteners.

  • Oct 24- Barnes& Noble Inc said on Wednesday that customers who shopped at 63 of its stores as recently as last month may have had their credit or debit card information stolen in what the U.S. bookstore chain called a ``sophisticated criminal effort.''.