Chicago's bid to host the 2016 Olympic Games was eliminated in the first round of voting in Copenhagen, losing to Rio de Janeiro. The results of the final vote were announced at 12:50 p.m. EDT. To those who haven't been paying much attention, it's probably a huge surprise that Chicago was knocked...

The global recession may turn out to be a boon for Kohl's Corp. (KSS), the nation's fourth-largest department store chain. Kohl's opened 37 stores Wednesday, mostly in California, bringing its 2009 total to 56 new locations. Expansion might seem like an odd strategy for a retailer right now, with...

Nomura Holdings (NMR), the Japanese megabank that owns the remnants of Lehman Brothers' overseas operations, says it's raising $5.6 billion (well, ¥511 billion, actually) to expand in the United States and elsewhere. Nomura, Japan's largest brokerage, plans to sell about 800 million shares...

The U.S. Census Bureau put out its annual snapshot of America today, with new measures of household income data and a trove of other demographic goodies. Maryland was the state with the highest median household income ($70,545) in 2008, closely followed by New Jersey and Connecticut. The latter...

AMR Corporation (AMR), American Airlines' parent company, said today it has raised $2.9 billion from partners Citigroup (C) and General Electric (GE). And boy, does Fort Worth, Texas-based AMR need that money. Challenges from swine flu fears to high fuel costs to a global recession have put the...

West Virginia Senator Jay Rockefeller is poised to introduce the first major railroad industry regulations in nearly three decades. Transportation trade publication The Journal of Commerce reports that the long-serving Democrat, who chairs the Senate, Commerce, Science, and Transportation...