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Chicago budget gap to shrink, but pension payment spike looms

CHICAGO (Reuters) - Chicago said its budget deficit was on track to shrink to just below $300 million in 2015, but a state-mandated increase in pension payments would expand gaps in the future.

Business

Hyundai recalls in U.S. reach 1.3 million in same week

(Reuters) - South Korea's Hyundai Motor Co is recalling about 420,000 vehicles covering three models for separate problems in the United States, after recalling 883,000 Sonata sedans this week, according to U.S. safety regulators.

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Settlement of German Ecclestone bribery case possible: court

MUNICH (Reuters) - A bribery trial against Formula One boss Bernie Ecclestone that has been threatening his hold over the motor sport may end early with a settlement, a Munich court spokeswoman said on Friday, after Ecclestone's lawyers held talks with prosecutors.

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