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Top News & Analysis Chicago

  • Aug 17- The Wisconsin State Assembly on Thursday opened debate on a $3 billion incentive package for a proposed liquid-crystal display plant by Taiwan's Foxconn, a deal that caused a stir when it was announced by President Donald Trump last month. Foxconn, an electronics manufacturer formally known as Hon Hai Precision Industry Co Ltd, hopes to open a $10...

  • NEW YORK— It took bloodshed in Charlottesville to get tech companies to do what civil rights groups have been calling for for years: take a firmer stand against accounts used to promote hate and violence. In the wake of the deadly clash at a white-nationalist rally last weekend in Virginia, major companies such as Google, Facebook and PayPal are banishing a...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc warned on Thursday that this quarter's earnings could miss Wall Street's estimates as the world's biggest retailer struggles with falling margins due to price-cutting and heavy spending on its e-commerce operations. Wal-Mart has also been cutting grocery prices to remain competitive against discounters like...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc on Thursday reported lower quarterly profit margins and indicated earnings for the current period could miss analysts' estimates as it cut prices and spent heavily to expand its e-commerce operations. It has begun offering programs like free-two-day shipping and discounts for picking up online purchases at stores, and it...

  • CHICAGO— Grain futures were mostly lower Thursday on the Chicago Board of Trade. Wheat for Sept. was 5.25 cents lower 4.14 bushel; Sept. corn was off 2 cents at 3.5050 bushel; Sept. oats fell 1.75 cents at $2.5825 a bushel; while Aug. soybeans rose 8.50 cents at $9.3025 a bushel. Aug. live cattle was off 2.35 cents at $1.0712 a pound; Aug. feeder cattle lost 1.78 cents at...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc on Thursday reported lower quarterly margins after it cut prices and invested heavily on expanding its e-commerce operations, and its shares fell nearly 3 percent. Net income attributable to Wal-Mart fell 23 percent to $2.9 billion, or 96 per cents per share, from $3.7 billion, or $1.21 per share, a year earlier due to a loss from...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc on Thursday reported its 12th straight quarterly increase in comparable sales, but margins fell as the retailer continued to cut prices and invest in its e-commerce operations. Net income attributable to Wal-Mart during the second quarter ended July 31 fell 23 percent to $2.9 billion, or 96 per cents per share, from $3.7...

  • *Egypt tender highlights glut of Black Sea supplies. PARIS/ SINGAPORE, Aug 17- Chicago wheat was little changed on Thursday, hovering close to contract lows struck a day earlier, as signs of competitive Black Sea exports kept the focus on large global supplies. The Chicago Board of Trade front-month September wheat had inched down 0.2 percent to $4.18-1/ 2 a bushel...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc reported its 12th consecutive rise in quarterly comparable sales on Thursday, driven by an increase in the number of shoppers who visited stores and made purchases online. Sales at U.S. stores open at least a year rose 1.8 percent, excluding fuel, in the second quarter ended on July 31. Analysts polled by research firm Consesus...

  • DEARBORN, Mich.— Ford Motor Co. has agreed to pay up to $10.1 million to settle sexual and racial harassment allegations by workers at two Chicago- area plants. The settlement announced this week follows an investigation by the U.S. Equal Employment Opportunity Commission, which says it found evidence that employees at the Chicago Assembly Plant and the Chicago...

  • Aug 17- The Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan's Foxconn, the first vote on the deal by a chamber of the state's Republican-controlled legislature. Foxconn, an electronics manufacturer formally known as Hon Hai Precision Industry Co Ltd, hopes to open a $10...

  • WASHINGTON, Aug 16- The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing trade deficits with Mexico and Canada and boosting U.S. content for autos. Lighthizer put Mexico and Canada on notice that the United States would use its clout as their biggest export...

  • CHICAGO— Passengers who were aboard an Emirates plane that crash-landed in August 2016 are suing Chicago- based Boeing for an alleged malfunction of the aircraft's electronics. The Emirates Boeing 777-300 flying from India crash-landed in Dubai, United Arab Emirates. UAE's General Civil Aviation Authority earlier this month determined there were no...

  • WASHINGTON, Aug 16- The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing U.S. trade deficits with Mexico and Canada and boosting U.S. content for autos. Lighthizer put Mexico and Canada on notice that the United States would use its clout as their biggest export...

  • SANTA BARBARA, Calif., Aug 16- U.S. congressional Republican leaders were set to promote their tax reform goals at a special gathering in California on Wednesday, but their plans were overshadowed by growing furor over President Donald Trump's controversial statements on Virginia protests that turned deadly. Wall Street analysts warned that Trump's remarks...

  • CHICAGO, Aug 16- A test that scans blood for tumor-specific DNA identified early-stage cancer in more than half of 138 patients with the disease, U.S. researchers reported on Wednesday, marking a new milestone in the rush for so-called "liquid biopsies." Several companies already offer tests that can detect cancer DNA in the blood of patients with late-stage...

  • CHICAGO, Aug 16- Chicago Board of Trade wheat futures sank to contract lows on Wednesday as ample global supplies provided overseas buyers with cheaper alternatives to U.S. offerings in export deals, traders said. CBOT December corn futures ended down 2 cents at $3.66-1/ 2 a bushel. Egypt, the world's largest wheat buyer, on Wednesday said it signed deals to buy...

  • NEW YORK, Aug 16- Proprietary trading firm DRW Holdings on Wednesday said it agreed to buy RGM Advisors, in the latest example of consolidation among high-frequency trading firms, which have struggled remain profitable amid rising costs and low market volatility. That has led to many smaller, and some larger, HFT firms being sold, including Chopper Trading to...

  • Bankruptcy Judge Brendan Shannon in Wilmington, Delaware, granted a 90- day halt on lawsuits brought by Hawaii, New Mexico, the U.S. Virgin Islands as well as individuals. Takata argued for a six-month freeze on hundreds of lawsuits so management could complete a $1.6 billion sale of its viable operations, crucial to its reorganization, and replace air bag...

  • Aug 16- Target Corp on Wednesday reported an increase in second-quarter comparable-store sales after four straight negative quarters, driven by improved online traffic and demand across all businesses except groceries. Chief Executive Officer Brian Cornell said comparable sales rose across all Target's categories during the quarter, except food and...