US businesses are increasingly pessimistic about the US economy and are slashing plans for investment that is vital for growth, a private survey showed Tuesday. The Business Roundtable, a group of top corporate leaders, said its fourth-quarter survey found chief executives voicing "growing caution" about the near-term economic outlook. Its CEO Economic Outlook Index, grouping sales projections and plans for investment and hiring, dropped 6.6 points from the third quarter to 67.5 in the fourth quarter.
By Mary Wisniewski CHICAGO (Reuters) - Chicago's police chief was ousted on Tuesday after days of protest over a white officer's shooting of a black teenager 16 times and the department's refusal to release a video of the killing for more than a year. Mayor Rahm Emanuel announced during a news conference that he had asked Garry McCarthy, police superintendent since May 2011, to resign. The mayor also said he was creating a new police accountability task force.
Chicago's mayor fired the city police chief Tuesday after a graphic video of a white officer fatally shooting a black teenager sparked a week of protests. Tensions flared after officials released a dashcam video showing police officer Jason Van Dyke -- who has been charged with murder -- shooting Laquan McDonald 16 times as the teenager walked away in October 2014. The video footage -- among a string of police shootings of black boys or men in the United States -- triggered protests in Chicago and fueled a national debate about racism and the use of deadly force by officers.