Gov. Quinn has announced spending cuts and a tax increase to fix the budget crisis, but has failed to mention immediate pension reform.

Derivatives exchange behemoth CME Group Inc. could face a federal antitrust probe if it does not accept trades from startup futures exchange ELX Futures LP, an analyst with Sanford C. Bernstein & Co., said Thursday.

Given all the contention with the Google vs. China war, there’s a lot to be lost: Google can lose an estimated $300 million to $600 million if it pulls out of the country, China’s image can be further tarnished on the human-rights front. At least one company will benefit tremendously from this conflict, and it is the search-engine giant in China: Baidu Inc.

Present-day and next-generation investment industry leaders debated future of funds at the Kellogg School of Management’s private equity and venture capital conference in Chicago, with the conversation returning to value creation.

The UK might be forced to bailout out debt ridden Greece, costing UK taxpayers as much as 3.5 Billion pounds. Adding on more debt would come at a very inopportune time and could prolong UK’s recovery.

Andrew Ross Sorkin speaks to Chicago audience Feb. 9. Photo by Chris Guillen

It was Tuesday evening in Chicago, and though you may have watched him co-host CNBC’s Squawk Box from New York that same morning, there was Andrew Ross Sorkin giving a talk about Wall Street and his new book, “Too [...]

You should consider using a tax software program or tax preparer for filing taxes April 15. By weighing the benefits and costs of both options you can save money. It’s never too early to get started on preparing your taxes.

BY ALICE TRUONG – MEDILL NEWS SERVICE

Is money from Bank of America or Goldman Sachs Group Inc., likely to blur Sen. Christopher Dodd’s judgment as chairman of the Senate Banking Committee?

By KELLEN M. HENRY and JORDAN MELNICK– MEDILL NEWS SERVICE

Vice President Joe Biden and Secretary of Health and Human Services Kathleen Sebelius hosted a roundtable discussion about health care reform, announcing a $1.2 billion award of stimulus funds for electronic records at the Sinai Community Institute on Thursday. Listen below as [...]

Chicago foreclosure activity counts by zip code/Realtytrac.com

BY MEGAN MOLLMANN – MEDILL NEWS SERVICE

Foreclosures increased 7 percent nationwide in July, according to Realtytrac.com. Illinois came in fifth place for total foreclosure activity, with 14,524 properties receiving a foreclosure filing, and default notices skyrocketed 86 percent during the month, said Realtytrac in a press [...]