Top News & Analysis Illinois

  • CHICAGO, Oct 21- Chicago would refund $1.3 billion of outstanding debt to produce a one-time, $200 million savings to help plug a big hole in its upcoming budget, city officials said on Monday. Jennie Huang Bennett, Chicago's chief financial officer, told reporters that about 40% of the mayor's budget fix will be one-time measures like the bond refunding savings,...

  • *China seeks $2.4 billion in sanctions against U.S. *Russia reports oil output above OPEC+ quota in September. NEW YORK, Oct 21- Oil prices fell nearly 1% on Monday after comments from a U.S. official stymied hopes that a U.S.- China trade deal would be reached soon, feeding worries that a slowing global economy would reduce demand for oil.

  • Worsening wheat crop prospects in southern hemisphere exporters Argentina and Australia, as well as weather-hampered harvests in North America, have shifted attention away from large global stocks of wheat. "But we're still looking at dry conditions across Australia and the possibility for dry conditions lowering the crop in Argentina too," he said.

  • The FAA on Friday ordered Boeing Chief Executive Dennis Muilenburg to give an "immediate" explanation for the delay in turning over the "concerning" document, which Boeing discovered some months ago. In the messages from November 2016, then-chief technical pilot Mark Forkner tells a colleague the so-called MCAS anti-stall system- the same one linked to deadly...

  • LOS ANGELES, Oct 20,- Five years after Angelina Jolie's "Maleficent" cast a spell over the box office, the villainous enchantress has returned to the top of domestic charts. Despite opening below projections heading into the weekend, "Maleficent: Mistress of Evil" easily towered over competition including holdover from Warner Bros.' "Joker" and newcomer Sony's "...

  • Such calibration problems may have contributed in some way to then-chief technical pilot Mark Forkner's observations and conclusions about MCAS' behavior, the former pilot, and a second former Boeing engineering employee, Rick Ludtke, said. The Nov. 16, 2016 conversation took place four months before the U.S. Federal Aviation Administration certified the...

  • Such calibration problems may have contributed in some way to Mark Forkner's observations and conclusions of MCAS' behavior, the pilot, and a second former Boeing engineering employee, Rick Ludtke, said. The Nov. 16, 2016 conversation took place four months before the U.S. Federal Aviation Administration certified the MAX, the latest iteration of Boeing's 737...

  • The messages, first reported by Reuters, sent Boeing shares tumbling, prompted a demand by U.S. regulators for an immediate explanation, and a new call in Congress for Boeing to shake up its management as it continues to grapple with the fallout from two fatal crashes that have grounded its fastest-selling plane. "These messages indicate that Boeing withheld...

  • CHICAGO, Oct 18- Chicago wheat futures touched a three-month high on Friday, buoyed by rising cash prices and signs of tightening global supplies, analysts said. At the Chicago Board of Trade, December soft red winter wheat futures ended up 6-3/ 4 cents at $5.32-1/ 4 per bushel after reaching $5.32-3/ 4, its highest since July 15. Wheat futures have drawn support as...

  • Oct 18- Johnson& Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online. J&J shares fell more than 6% to close at $127.70. Susan Nicholson, head of Womens Health in the company's medical safety organization, called...

  • Oct 18- Johnson& Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online. J&J said on a conference call that it received a report from the FDA on Oct. 17 alerting the company about the asbestos finding.

  • *Dry weather worsens crop conditions in Australia, Argentina. PARIS/ SINGAPORE, Oct 18- Chicago wheat futures edged lower on Friday, pausing after a rally to a three-month high as traders assessed the prospect of tightening global supply due to sustained global demand at a time of poor crop weather in Argentina and Australia. Worsening crop prospects in southern...

  • HAWESVILLE, Ky., Oct 18- When Donald Trump won the White House, the sprawling aluminum smelter that hugs the Ohio River here was operating at less than half its capacity, and most of its skeleton crew of 270 remaining workers were fearful about their future. Century Aluminum Co, which operates the Hawesville smelter and ranks as the second-largest aluminum maker in...

  • Oct 18- U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said. Lampert is no stranger to bankrolling Sears, having extended loans through his hedge fund ESL Investments Inc to the...

  • Oct 17- Wall Street rose on Thursday, with the S&P 500 and Nasdaq indexes near one-month highs on upbeat earnings from Netflix and Morgan Stanley, while investors cheered Britain's preliminary last-minute deal with the European Union. British Prime Minister Boris Johnson said "we have a great new Brexit deal", lifting the mood in global markets, but he still faces...

  • Oct 17- U.S. stocks rose on Thursday, supported by Netflix and Morgan Stanley following upbeat reports, with investors also cheering Britain's preliminary last-minute deal with the European Union. British Prime Minister Boris Johnson said "we have a great new Brexit deal," lifting the mood across global equities, but he still faces a tough vote in parliament on...

  • The lawyers want to know what Boeing Co promised potential airline customers about flight crew training and the 737 MAX certification process, and its communications with the two airlines following a Lion Air crash in Indonesia on Oct. 29, 2018, and before the Ethiopian Airlines crash on March 10. While families of the Lion Air crash victims are in settlement...

  • The lawyers want to know what Boeing Co promised potential airline customers about flight crew training and the 737 MAX certification process, and its communications with the two airlines following a Lion Air crash in Indonesia on Oct. 29, 2018, and before the Ethiopian Airlines crash on March 10. While families of the Lion Air crash victims are in settlement...

  • Oct 17- U.S. stocks were on pace to open higher on Thursday, after Britain struck a preliminary last-minute deal with the European Union easing some geopolitical jitters, while upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the reporting season. British Prime Minister Boris Johnson said "we have a great new Brexit deal," lifting the...

  • SINGAPORE, Oct 17- Chicago wheat futures rose for a second session on Thursday to hit a three-month high, with short-covering by funds and cold weather in the U.S. grain belt underpinning the market. Soybeans edged higher for the first time in three sessions, although gains were checked as traders waited for more clarity on U.S.- China trade negotiations.