Top News & Analysis Illinois

  • The company initially said the blackout would last until at least Monday evening, and some schools canceled classes in the six affected northern California counties. The power outage, which started on Sunday, came just days after California's Department of Forestry and Fire Protection found that last year's Cascade Fire in Yuba County, which burned nearly...

  • CHICAGO, Oct 15- U.S. soybean futures jumped 2.8 percent on Monday on poor Midwest harvest conditions, coupled with reminders of strong domestic crushing demand and signs of U.S. soy cargoes headed to China, analysts said. Chicago Board of Trade November soybean futures settled up 24 cents at $8.91-1/ 2 per bushel after reaching just off the session top of $8.92, the...

  • NEW YORK, Oct 15- Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from Riyadh, but weighed by concern over long-term demand outlook. However, rising geopolitical tension between the United States, the world's top oil consumer, and Saudi Arabia, one of the biggest...

  • CHICAGO, Oct 15- U.S. soybean futures neared a two-month high on Monday on poor Midwest harvest conditions, coupled with reminders of strong domestic crushing demand and signs of U.S. soy cargoes headed to China, analysts said. As of 1:06 p.m. CDT, Chicago Board of Trade November soybean futures were up 20-1/ 2 cents at $8.88 per bushel after reaching $8.89, the...

  • *IEA cuts forecasts for oil consumption and demand for OPEC crude. Brent crude futures fell 6 cents to $80.37 a barrel by 1:02 p.m. EDT. Riyadh has been under pressure since journalist Jamal Khashoggi, a critic of the kingdom and a U.S. resident, disappeared on Oct. 2 after visiting the Saudi consulate in Istanbul.

  • *IEA cuts forecasts for oil consumption and demand for OPEC crude. NEW YORK, Oct 15- Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist, which has stoked worries about supplies from the world's top crude exporter, but weighed by a falling equities market and concern over long-term demand outlook.

  • The Chapter 11 filing to reorganize debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire Chief Executive Officer Eddie Lampert in an attempt to turn around the company he acquired in 2005 for $11 billion. Lampert and his hedge fund ESL Investments Inc own just...

  • **BRUSSELS- ECB chief banking officer Daniele Nouy speaks at the Solvay Schools Alumni Congress "Ethics and Governance"- 1600 GMT. BRUSSELS- European Union banking regulators and supervisors, including ECB's Ignazio Angeloni, EU's Dombrovskis, EBA's Enria and SRB's Koenig, speak in Brussels at the annual conference of the Single Resolution Board- 0915 GMT.

  • *China trade surplus with U.S. hits record high. Wall Street snapped a six-day losing streak as investors looked for bargains even as worries about U.S.- China trade tensions lingered. But until the United States and China reach a trade deal, the rebound could be vulnerable as investors are anxious about the impact of tariffs on corporate profits.

  • NEW YORK, Oct 12- The U.S. benchmar S&P 500 stock index snapped a six-day losing streak on Friday as technology stocks recovered after a week of losses, with investors looking for bargains ahead of the third quarter earnings reporting season. They wanted to get in before next week when earnings start coming, "said Janna Sampson, co-chief investment officer at...

  • Oct 12- Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes. Her local Sears in Wilmington, Delaware, the 54- year-old retiree said, was so poorly stocked that she stopped going there, even though there is no Delaware state sales tax. The stores have minimal items, "she said as she shopped at the store...

  • *Univ. of Michigan 5- year inflation outlook falls in Oct. NEW YORK, Oct 12- U.S. "We're sure the Fed is paying close attention to the equity rout," said John Taylor, president of macro research firm Taylor Global Vision in New York.

  • *Corn, soy extend gains after USDA report on Thursday. Wheat prices jumped on tightening global supplies and hopes for a U.S. export revival given smaller crops in rival suppliers Russia and Australia. Chicago Board of Trade November soybeans rose 9-1/ 4 cents to $8.67-1/ 2 a bushel by 11:13 a.m. CDT, holding chart support at its 50- day moving average.

  • CHICAGO FEDERAL RESERVE PRESIDENT CHARLES EVANS SAYS TIME TO RE-ADJUST POLICY STANCE TO NEUTRAL- CNBC.

  • Oct 12- Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes. Her local Sears in Wilmington, Delaware, the 54- year-old retiree said, was so poorly stocked that she stopped going there, even though there is no Delaware state sales tax. The stores have minimal items, "she said as she shopped at the store...

  • FRIDAY, OCTOBER 12 LONDON- Bank of England Executive Director Andy Haldane King's College London event " Richard Roberts: Leading Historian of Finance- A Conference to Celebrate his Life and Work"- 1400 GMT. ANN ARBOR, Michigan- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the ENGAGE...

  • CHICAGO, Oct 11- A continued surge in interest rates could sink a plan under consideration by Chicago Mayor Rahm Emanuel's administration for a massive bond sale to boost pension funding, a city official said on Thursday. Brown is mulling a highly rated securitization of a Chicago revenue stream that could produce as much as $10 billion for pensions, boosting...

  • CHICAGO, Oct 11- The U.S. Agriculture Department surprisingly trimmed its forecasts for both domestic corn and soybean production on Thursday, with the soy cut stemming from a reduction in acres while the corn harvest will be lower due to smaller-than-expected yields. Soybean production was seen falling from the government's September estimate due to a...

  • Oct 11- Sears Holdings Corp Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U.S. retailer's businesses and real estate once it files for bankruptcy, an alternative to a traditional court-supervised reorganization, people familiar with the matter said on Thursday. Under the scenario, the 125- year-old department store...

  • Net income rose to $1.31 billion, or $1.91 per share, in the third quarter, from $1.16 billion, or $1.61 per share, a year earlier. On an adjusted basis, Atlanta- based Delta earned $1.80 per share, beating the average analyst estimate of $1.74, according to Refinitiv data. Shares climbed 3.4 percent to $51.42, underpinning gains on the Dow Jones US Airlines index and S&P...