DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.
Oct 24- Visa Inc said Charles Scharf, a former head of JPMorgan Chase& Co's retail financial services division, will succeed Joseph Saunders as chief executive, effective Nov. 1. Scharf worked closely with Jamie Dimon, chairman and CEO of JPMorgan, when the two men were at Citigroup Inc in the 1990 s.
CHICAGO-- Taxes that are largely a concern of the very rich will soon affect far more people unless Congress steps in. Financial advisers, and trust and estate attorneys have been flooded with requests for assistance in the final months before the record-high exemption for both taxes is scheduled to plunge to $1 million from $5.12 million on Jan 1.
LISLE, Ill.-- SunCoke Energy posted a 74 percent jump in third-quarter net income thanks to more robust sales of coke at higher prices. The company easily topped Wall Street profit expectations for the quarter, but shares slid 2 percent with revenue for the quarter and a full-year outlook that fell short.
GLENVIEW, Ill.-- In a story Oct. 23, The Associated Press described Anixter International Inc. as a security products distributor instead of as a company that distributes communication and security products, electrical wire and cable products and fasteners.
Oct 24- Barnes& Noble Inc said on Wednesday that customers who shopped at 63 of its stores as recently as last month may have had their credit or debit card information stolen in what the U.S. bookstore chain called a ``sophisticated criminal effort.''.
OMAHA, Neb.-- The Rural Media Group has purchased another cable network to expand its programming into more markets. Rural Media produces RFD-TV and Rural TV with rural-themed programming. The deal gives the company access to several major markets, including New York, Chicago, Atlanta, Dallas and Los Angeles.
HARTFORD, Conn.-- Federal regulators say a pilot study of cancer risks posed to residents near seven nuclear power sites in the United States will update 22- year-old data, but an industry group says the study won't come up with anything new.
Boeing is cranking out planes faster, and it's paying off. Boeing has been speeding up production, aiming to get some of its newest planes out the door faster. Boeing's revenue from commercial planes jumped 28 percent to $12.19 billion in the most recent quarter.
NORTHFIELD, Ill.-- Shares of specialty chemical maker Stepan Co. tumbled nearly 6 percent Wednesday after the company's third-quarter earnings fell short of Wall Street estimates. But shares fell $5.71, or 5.9 percent, to $91.08 in afternoon trading. Stepan reported net income of $20.2 million, or $1.78 per share, for the quarter ended Sept. 30.
CNBC.com presents a list of the 10 states with the most ultra-high net worth individuals on a per capita basis.
Sheila Simon is advocating ways to keep college affordable as new research shows average student loan debt has topped $26,000. Simon presented ideas during a Tuesday visit to the University of Illinois Springfield. According to a Pew Research Center report released this month, students took on an average of about $26,700 in loans.
*Wheat up as Ukraine to ban wheat exports in Nov.
Oct 24- Victims of a deadly U.S. meningitis outbreak are starting to sue the physicians and clinics that administered tainted steroid shots, and the success of the suits could hinge on whether judges decide the injections are subject to product liability or medical malpractice laws.
LISLE, Ill.-- Navistar is making a public offering of about 10 million shares of its stock. Earlier this month Navistar International Corp. added a colleague of activist investor Carl Icahn and a former protege of his to its board in order to head off a proxy war.
DALLAS-- American Airlines says it will start new international routes next year, seeking to capitalize on growth in international travel, especially among high-fare corporate travelers.
The national average for a gallon of gas has dropped 13 cents in the past week to $3.625. That's the biggest weekly decline since the 7- day period ended Nov. 28, 2008, according to Oil Price Information Services analyst Fred Rozell. Rozell says gas has averaged $3.65 so far this year, 10 cents above the record set in 2011..
NEW YORK-- Barnes& Noble Inc. said Tuesday that devices used by customers to swipe credit and debit cards have been tampered with in 63 of its stores in nine states. The stores are in California, Connecticut, Florida, Illinois, Massachusetts, New Jersey, New York, Pennsylvania and Rhode Island.
CHICAGO, Oct 23- Illinois has dug itself into such a huge financial hole that it may not be able to provide basic services to residents or meet employee benefit obligations, according to a national task force that is due to release a report about the state's finances.