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Rauner vetoes plan to reduce Chicago pension payments

Bruce Rauner vetoed a plan Friday that would reduce Chicago's payments to its police and fire pension funds for each of the next five years, calling it an irresponsible idea that will increase pension debt in the long term. Mayor Rahm Emanuel said after the veto that the Republican governor "just told every Chicago taxpayer to take a hike." He said Rauner's action...

Source: The Associated Press

The top 10 songs and albums on the iTunes Store

4. Just Like Fire, P! If I'm Honest, Blake Shelton. I Still Do, Eric Clapton.

Source: The Associated Press

CNBC update: Korean jet fire, concert shooting

Firefighters battle an apparent engine fire on a Korean jet; supporters of slain Taliban Chief Mullah Mansour held funeral prayers across Pakistan for him; the New York police department has released video of a deadly shooting at a TI concert, reports CNBC's Sue Herera.

Source: CNBC.com

California taxes: Economy is strong, but shortfall may be coming

California's economy is on fire but the state's finances are another story. The state is facing a revenue slowdown and calls from the governor to avoid major new spending programs.

Source: CNBC.com

Summer sizzle stocks

Using Kensho, we show that when chip stocks get hot, it's a sign the rest of the market is about to catch fire.

Source: CNBC.com

Canada's Suncor pushing for full operations by end-June -sources

CALGARY, Alberta, May 25- Suncor Energy Inc is pushing to reach full operations at its oil sands projects in the fire-stricken Canadian province of Alberta before July 1, according to several company employees. A massive wildfire that erupted earlier this month in the nation's energy heartland forced Suncor and a number of other major crude producers around...

Source: Reuters

UPDATE 2-Connecticut lines up $22 mln grant for mega hedge fund Bridgewater

NEW YORK, May 25- A Connecticut commission has scheduled a vote on Friday on a proposed $22 million grant to Bridgewater Associates, one of the world's largest hedge funds, to help it expand its operations in the state. The plan has support from some Connecticut officials but has also drawn fire after the state slashed spending, laid off workers and froze pay.

Source: Reuters

Alberta wildfire economic pain singes beyond energy sector

TORONTO/ MONTREAL, May 25- The wildfire that has ravaged northern Alberta and cut Canadian crude output by 25 percent is set to crimp corporate earnings beyond the oil patch, especially hitting the rail and hospitality sectors. The fire, which has caused an estimated $50 million a day in lost production for oil sands companies near the evacuated city of Fort...

Source: Reuters

SYNCRUDE CANADA SAYS SENDING "SEVERAL HUNDRED MORE EMPLOYEES OVER THE COMING DAYS" TO SITES NORTH OF FIRE-STRICKEN FORT MCMURRAY

SYNCRUDE CANADA SAYS SENDING "SEVERAL HUNDRED MORE EMPLOYEES OVER THE COMING DAYS" TO SITES NORTH OF FIRE-STRICKEN FORT MCMURRAY.

Source: Reuters

Firefighters from US, South Africa to arrive in Alberta

EDMONTON, Alberta— Officials say about 1,000 additional fire crews from across Canada, the United States and South Africa will be joining the fight this week against a massive wildfire near Fort McMurray. Alberta wildlife official Chad Morrison said Tuesday the blaze continues to move northeast away from communities and oil sands facilities in northern...

Source: The Associated Press