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Top News & Analysis Illinois

  • 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...

  • Bankruptcy Judge Brendan Shannon said on Wednesday in the Wilmington, Delaware courtroom. Takata and TK Holdings Inc, its U.S. unit, said they faced tens of billions of dollars in liabilities when they filed for bankruptcy protection in June, including claims from automakers that used its airbags and individuals who filed class-action lawsuits.

  • 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. At 10:03 a.m. CDT, CBOT December corn futures were down 3 cents at $3.65-1/ 2 a bushel. "Wheat prices in Chicago slumped from the start of the week due to...

  • Moody's retail analyst Charlie OShea said since Target's share repurchases for the quarter "slowed to a trickle," it will give the retailer the cash to execute its transition plan. Excluding items, Target earned $1.23 per share in the quarter ended July 29, beating the average analyst estimate of $1.19, according to Thomson Reuters I/B/E/S.

  • *Price drops spur import tenders from Egypt, Tunisia. PARIS/ SINGAPORE, Aug 16- Chicago wheat futures edged higher on Wednesday, steadying above a 2-1/ 2 month low, as import tenders offered fresh demand to absorb some of a bumper crop in the Black Sea region that has been hanging over the market. The state buyer in Egypt, the world's biggest importer, and fellow grain...

  • LONDON, Aug 16- The rebalancing of the oil market desired by the leading producers has been a stubborn process, the International Energy Agency wrote in its latest monthly oil market report. Front-month WTI futures are currently trading at $47.87 per barrel which is almost unchanged from $46.58 on Aug. 16, 2016. For all the meetings of OPEC and non- OPEC ministers,...

  • *Wall St indexes flat after Monday's rally. NEW YORK, Aug 15- The U.S. dollar and U.S. After last week's market jitters from escalating U.S.- North Korea tensions, investors were relieved to be able to look beyond geopolitics at least temporarily after North Korean leader Kim Jong Un said he would watch the United States' actions for a while longer before deciding...

  • The letter, from the Rail Customer Coalition sent on Monday, is the latest challenge to CSX Chief Executive Hunter Harrison's effort to ramp up productivity at the Jacksonville, Florida- based railroad and fulfill investor expectations for substantially better financial performance. Senators John Thune of South Dakota and Bill Nelson from Florida, and...

  • Aug 15- South Carolina sued Purdue Pharma LP on Tuesday, becoming the latest state or local government to accuse the OxyContin maker of deceptive marketing practices that have contributed to a national opioid addiction epidemic. The lawsuit by South Carolina Attorney General Alan Wilson, filed in Richland County Court of Common Pleas in Columbia, accuses the...

  • Aug 15- South Carolina sued Purdue Pharma LP on Tuesday, becoming the latest state or local government to accuse the OxyContin maker of deceptive marketing practices that have contributed to a national opioid addiction epidemic. The lawsuit by South Carolina Attorney General Alan Wilson, filed in Richland County Court of Common Pleas in Columbia, accuses the...

  • BERKELEY, Ca. Aug 15- Amazon.com Inc is rolling out pickup points in the United States where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes, the company said on Tuesday. The world's largest online retailer has launched' Instant Pickup' points around five college campuses, such as the University of...

  • *Corn falls as USDA reports improved crop condition. LONDON/ SINGAPORE, Aug 15- Chicago corn futures retreated on Tuesday as better crop conditions and forecasts for more rain across the U.S. The Chicago Board Of Trade most-active corn contract was down 1 percent at $3.72-1/ 2 a bushel by 0932 GMT, giving up gains from the previous day when prices edged up 0.4 percent.

  • *Corn falls as USDA reports improved crop condition. SINGAPORE, Aug 15- Chicago corn futures lost ground on Tuesday as improved crop conditions and forecasts of more rains across the U.S. The Chicago Board Of Trade most-active corn contract fell 0.6 percent to $3.74 a bushel by 0331 GMT, having risen 0.4 percent in the previous session.

  • SYDNEY, Aug 15- U.S. corn fell nearly 1 percent on Tuesday after a widely watched reported pegged the condition of U.S. crops above market expectations, easing concerns about production losses due to recent dry weather. *The most active corn futures on the Chicago Board Of Trade fell 0.8 percent to $3.73-1/ 4 a bushel by 0111 GMT, having risen 0.4 percent in the...

  • NEW YORK, Aug 14- Stocks around the world rose along with U.S. Treasury bond yields and the U.S. dollar on Monday as investors regained some appetite for riskier assets as the United States and North Korea appeared to take a break from their war of words. After a week of market jitters from increasingly aggressive exchanges between the nuclear-armed nations,...

  • NEW YORK, Aug 14- Several big-name hedge fund investors trimmed their stakes in healthcare companies in the second quarter as the sector led the broad U.S. stock market higher, rallying amid a Republican effort to repeal and replace President Obama' s signature healthcare law. Jana Partners sold all of its shares in nine healthcare companies, ranging from...

  • *Libya's NOC says investigating Sharara security violations. NEW YORK, Aug 14- Oil prices tumbled more than 2.5 percent on Monday in volatile trade, as dollar strength and weak domestic demand data in China hammered prices that had received a short-lived boost on concerns about potential reductions in crude supply from Libya. "It is a strong dollar, concern about...

  • NEW YORK, Aug 14- Stocks around the world rose along with U.S. Treasury bond yields and the U.S. dollar on Monday as investors regained some appetite for riskier assets on easing nervousness about a nuclear stand-off between the United States and North Korea. After a week of market jitters from escalating rhetoric between the nuclear-armed nations, investors...