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(Reuters) — CBOE Holdings Inc expects to be fined as much as $10 million to resolve a probe by federal authorities into its duties as a self-policing organization.
Allstate Corp. is raising car insurance rates modestly for about half its customers in Illinois in a sign that the insurance giant is moderating the increases of recent years to better retain customers.
(Reuters) — The Dow closed above 15,000 for the first time today as more investors rushed to join the party and German industrial data beat expectations.
A prominent proxy advisory firm has advised shareholders of JPMorgan Chase & Co. to end the 22-year board tenure of major shareholder and Chicago businessman James S. Crown.
(AP) — Billionaire investor Warren Buffett said he doesn't like owning bonds right now and doesn't think average investors should either.
(Reuters) — CBOE Holdings Inc. will defer the planned launch of a longer trading day for one of its most lucrative and popular products after software changes led to two outages in recent weeks.
Mesirow Financial Holdings is revamping its investment advisory business, replacing the executive who led the group and setting up a council to change how more than half its advisers work with clients.
(Reuters) — The Chicago Board Options Exchange blames its second outage in a week on fallout from preparations for expanding trading hours, but executives said they had no plans to abandon the longer trading day and will hire an outside consultant to help.
(Reuters) — CME Group Inc, the world's largest futures exchange operator, reported a drop in first-quarter profit as trading in its lucrative energy products slumped and average revenue per trade fell.
The insurance giant is getting more aggressive about cost-cutting and reducing headcount, even as its fortunes and stock price improve.
(Reuters) — Home and auto insurer Allstate Corp's quarterly profit beat analysts' estimates after it earned more from premiums following rate hikes, and the company said it was comfortable with the current growth in insurance pricing.
Some high-speed electronic traders are using certain information they can receive a fraction of a second earlier than other traders to try to beat the market when trading on CME Group Inc.'s exchanges, the Wall Street Journal reported, citing traders.
The operator of the world's largest futures market acknowledges that some traders get trade confirmation information before the broader market and says it's working to eliminate those inequities.
Federal bank regulators filed suit against 18 former directors and officers of Midwest Bank & Trust Co., seeking to recover about $128 million in losses incurred in one of the largest Chicago-area bank failures since the financial crisis in 2008.
The bank's retail customers may have some money coming to them based on an agreement Charter One's parent has struck with federal regulators.
Consumers are more comfortable about the present, but worries mount about the future.
The bug that shut down its systems April 25 was triggered by testing for an extension of trading hours.
The conglomerate builder and Crain's Executive of the Year in 1985 transformed IC Industries Inc. and helped spark Illinois Center.
Competitors argue that its popular S&P 500 and VIX contracts should be allowed to trade on more than one exchange.
The Chicago Board Options Exchange says it tracked down the technical problem that shut down trading on its floor and electronic systems for almost four hours Thursday.
The geographic disparity in Chicago's wealth can be seen by tracking household income in the ZIP codes of Metra train stations.
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