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Fed fears risks posed by exit tools; plan almost done

Last Updated: Saturday, July 12, 2014, 12:01

U.S. Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis.

14 killed, dozens hurt in Chicago shootings

Last Updated: Tuesday, July 08, 2014, 07:41

Extra police officers on Chicago`s streets were not enough to quell a long weekend of violence that ended with 14 people shot to death and dozens more injured.

Maturity, patience pays off for the long-distance swimmer

Last Updated: Monday, July 07, 2014, 15:09

Marathon swimmer Doug McConnell circumnavigated the island of Manhattan to clinch the Triple Crown of open water swimming and join an elite club of less than 100 members worldwide.

George Lucas to build `Star Wars` museum in Chicago

Last Updated: Wednesday, June 25, 2014, 14:16

George Lucas has selected Chicago to build his `Star Wars` museum and movie memorabilia, slated to open in 2018.

Internet not behind newspapers` death: Study

Last Updated: Thursday, June 12, 2014, 23:11

You must have heard - and might be believing by now - that internet sounded the death knell for newspapers. But that may not be true.

6 shot at Chicago laundry facility

Last Updated: Tuesday, June 03, 2014, 11:30

Six people, two of them teens, were shot and another person was injured at a laundromat on Chicago`s South Side on Monday evening, officials said.

Fed's George wants rate hikes, open to big balance sheet

Last Updated: Friday, May 30, 2014, 10:24

The Fed`s balance sheet now tops USD 4 trillion after years of buying bonds to boost the economy, a policy that George has opposed for years.

McDonald's workers protest low wages, more than 100 arrested

Last Updated: Thursday, May 22, 2014, 04:34

Police on Wednesday arrested more than 100 demonstrators seeking better pay for McDonald`s workers as protesters swarmed the fast-food chain`s corporate campus near Chicago to demand a minimum wage of USD 15 an hour and the right to unionize.

Oprah Winfrey`s shares first audition tape

Last Updated: Thursday, May 08, 2014, 08:21

Talk show host Oprah Winfrey has unearthed her first ever audition tape and it seems that she wasn’t always the polished TV star, she is today.

14-year-old girl charged in fatal Chicago shooting

Last Updated: Wednesday, April 30, 2014, 04:06

Chicago authorities say a 14-year-girl has been charged with murder in the shooting death of another teenager on the city`s South Side after the pair fought over a boy.

Programmable quantum computers come closer to reality

Last Updated: Friday, April 11, 2014, 19:40

Scientists have revealed that they have performed a proof-of-concept experiment that will aid the future development of programmable.

WWI artillery shells found in luggage at O`Hare

Last Updated: Tuesday, April 08, 2014, 23:30

Baggage screeners at Chicago`s O`Hare International Airport have discovered two World War I artillery shells in checked luggage that arrived on a flight from London.