Business

Illinois will begin issuing licenses to grow and distribute medical marijuana 18 months after a law was signed legalizing it, Governor Bruce Rauner's general counsel said in a statement on Monday.

ICAP, the world's largest interdealer broker, will be fined by the EU this week for allegedly facilitating cartels on yen-denominated inter-rate benchmarks, the Financial Times reported.

Standard & Poor's has reached a $125 million settlement with California's public pension system, Calpers, to resolve a case involving inflated grades of residential mortgage deals that later faltered, the Wall Street Journal reported, citing people familiar with the situation.