Chicago Daily Observer

(AP)—The Federal Reserve Bank of Chicago announced Monday that Charles Evans will become its next president on Sept. 1.
Evans, 49, is currently senior vice-president and director of research at the regional Fed bank. He joined the Chicago Fed in 1991 and has headed the research department…

(Reuters)—Commercial insurer CNA Financial Corp. reported lower quarterly earnings on Monday as investment losses increased, partly due to writedowns on bonds linked to subprime mortgages, sending its shares down as much as 12 percent.
CNA, 89 percent-owned by New York conglomerate Loews