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Top News & Analysis Illinois

  • CHICAGO/ SAN FRANCISCO, April 20- As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield curve is signaling that a recession could be around the corner. The calming comments, from the New York Fed's incoming chief John Williams and from Chicago Fed President...

  • April 20- A group of investors holding defaulted Venezuela bonds has formed a committee and selected restructuring specialist Millstein& Co as its financial adviser, according to a statement released by the New York- based financial firm on Friday. The committee's formation is a sign that investors, who until now have been slow to move against Venezuela and its...

  • *OPEC's Barkindo: no price objective in OPEC. *Trump's first OPEC tweet on social media as president. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices, drawing rebukes from some of the world's top energy exporters.

  • NEW YORK, April 20- World stocks dipped on Friday as worries about a global slowdown in smartphone demand dented the technology sector, while oil prices dipped and then recovered after U.S. President Donald Trump sent them lower with a tweet criticizing OPEC. "Looks like OPEC is at it again," Trump tweeted, saying oil prices were "artificially Very High!

  • NEW YORK, April 20- The 10- year Treasury yield reached its highest level since March 21 as the bond selloff continued for a second day on Friday, driving the yield curve steeper after two weeks of flattening. "If you look at the chart, you have to squint to see it," Gene Tannuzzo, senior portfolio manager at Columbia Threadneedle Investments, said of the two-day...

  • CHICAGO/ SAN FRANCISCO, April 20- As the gap between short- and long-term borrowing costs hovers near its lowest in 10 years, some investors worry the so-called yield curve is flashing red: that a recession, always preceded by such a flattening, could be around the corner. Williams, who will leave his current job as San Francisco Fed President in June to take over at the...

  • *Oil prices turn negative after Trump criticizes OPEC. April 20- U.S. stocks fell on Friday, as Apple led a decline in technology stocks on concerns about weak iPhone demand and investors worried about the impact of a rise in U.S. bond yields. "There's the Apple news and there maybe some nervousness coming into the upcoming earnings reports," said Daniel Morgan, senior...

  • NEW YORK, April 20- The potential for an intensifying trade dispute to undercut the U.S. stock market could become clearer next week when a host of multinational companies reports quarterly results that may provide a glimpse into the impact of those global tensions. China has responded with tariffs of its own, leading to fears about a full-blown trade war and...

  • April 20- U.S. credit reporting agency TransUnion on Friday said it will buy UK consumer data provider Callcredit for 1 billion pounds from private equity firm GTCR, expanding its operations into Europe for the first time. The addition of Leeds- based Callcredit, the second-largest credit reporting firm in Britain, would help bolster TransUnion's...

  • *OPEC's Barkindo: no price objective in OPEC. *Trump's first OPEC tweet on social media as president. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices after a year-plus pact that has slashed global crude inventories, drawing rebukes from oil-producing countries as prices dipped following his remarks.

  • *Trump's first OPEC tweet on social media as president. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices after a year-plus pact that has slashed global crude inventories, drawing rebukes from oil-producing countries as prices dipped following his remarks. "Looks like OPEC is at it again.

  • NEW YORK, April 20- The 10- year Treasury yield reached its highest level since March 21 as a bond selloff continued for a second day, driving the yield curve steeper after two weeks of flattening. "In the last few days there has been pressure and I think it has to do with funding issues, a reallocation based on repatriation of dollars," said Lou Brien, market strategist...

  • *OPEC's Barkindo: output cuts helped rescue oil industry. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices after a year-plus pact that has slashed global crude inventories, drawing rebukes from oil-producing countries as prices dipped following his remarks. "Looks like OPEC is at it again.

  • *Merck needs development funding just as profit seen slipping. FRANKFURT, April 20- Merck KGaA will seek development partners for experimental treatments including tepotinib as the German company looks to licensing deals to help fund clinical trials, according to its head of drug R&D. Luciano Rossetti, its drug research and development chief, told Reuters the...

  • CHICAGO _ TransUnion on Friday reported first-quarter net income of $73.1 million. For the current quarter ending in July, TransUnion expects its per-share earnings to range from 59 cents to 60 cents. TransUnion expects full-year earnings in the range of $2.37 to $2.41 per share, with revenue ranging from $2.17 billion to $2.19 billion.

  • LONDON/ CHICAGO, April 20- Procter& Gamble's $4.2 billion deal for Merck's vitamin and supplements business is the latest example of a major consumer company stocking up on health-related products. Just last month, cleaning product maker Clorox Co agreed to buy multivitamin company Nutranext for $700 million. The vitamins and supplements sector is...

  • CHICAGO, April 19- Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed. The supply-chain pain felt by sorghum suppliers on the Pacific, Atlantic and Indian oceans...

  • WASHINGTON, D.C. Bank of England Governor Mark Carney participates in IMF meetings. WASHINGTON, D.C. Bank of Canada Senior Deputy Governor Carolyn A. Wilkins participates in panel discussion at International Monetary Fund and Toronto Centre 1525 GMT. WASHINGTON, D.C. Central Bank of Sweden Governor Stefan Ingves and Deputy Governor Per Jansson participate in...

  • WASHINGTON, D.C. Bank of England Governor Mark Carney participates in IMF meetings. WASHINGTON, D.C. Bank of Canada Senior Deputy Governor Carolyn A. Wilkins participates in panel discussion at International Monetary Fund and Toronto Centre 1525 GMT. WASHINGTON, D.C. Central Bank of Sweden Governor Stefan Ingves and Deputy Governor Per Jansson participate in...

  • *U.S. shares dragged down by Apple, Philip Morris. *Oil prices settle after 3- year peaks on report Saudis want higher prices. NEW YORK, April 19- Tobacco and tech stocks dragged down Wall Street on Thursday, while oil prices softened and other commodities walked back huge gains after a wild ride.