Most interesting finance and busines news.
For proof of the growing popularity of discount grocery stores, look no further than the parking lot.
On a recent evening outside the Aldi on South Grand Boulevard in south St. Louis, a battered pickup and a rusting Dodge shared space with a yellow Hummer and a late model Honda SUV.
“You used to just see old, […]
South Korea’s industrial production expanded at the slowest pace in six months in March, a moderation that may fail to deter the central bank from raising interest rates next month.
Output climbed 8.7 percent from a year earlier after gaining a revised 9.2 percent in February, Statistics Korea said today. The median estimate of 14 […]
Nokia Corp. said Wednesday it will slash 7,000 jobs worldwide, through both layoffs and outsourcing, as it strives to cut costs and catch up with its top rivals in the smartphone market.
Most of the 4,000 layoffs, due by the end of 2012, will be in Denmark, Finland and Britain, Nokia said.
It also plans to transfer […]
Filed under: business, management by Guru
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Dealers Warranty LLC, a St. Charles-based auto service-contract company, have agreed to pay the state of Missouri $125,000 in restitution and civil penalties to settle a lawsuit brought by the state’s Attorney General over deceptive business practices.
Dealers Warranty, owned by Brian Marino, operated the business as Mogi beginning in 2009. Dealers Warranty ceased operations after the Attorney General’s […]
Filed under: Uncategorized, business by Guru
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Short of default, a bout of inflation similar to that of the 1970s may be the only way for the U.S. to reduce its debt burden if lawmakers fail to pass deficit-reduction measures, according to a Bloomberg Government Study released Friday.
The study projects the debt would fall to 61.8 percent of gross domestic product in […]
Toyota said Friday its global car production, disrupted by parts shortages from Japan’s earthquake and tsunami, won’t return to normal until November or December _ threatening its spot as the world’s top-selling automaker.
President Akio Toyoda apologized to customers in a statement for the delays due to the twin disasters that damaged suppliers in northeastern Japan […]
Filed under: Uncategorized, technology by Guru
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Japanese Economy and Fiscal Policy Minister Kaoru Yosano said taxes must be part of funding earthquake reconstruction, as polls indicate public support for increasing levies to pay for rebuilding.
“Of course our borrowing must be backed by taxes,” Yosano, 72, said in an interview in Tokyo yesterday. While a sales tax increase “is one possibility […]
U.S. Secretary of State Hillary Rodham Clinton is in South Korea to discuss the effort to get North Korea back to nuclear disarmament talks.
Clinton arrived in Seoul on Saturday and was to see South Korea’s foreign minister before meeting the country’s president early Sunday. She will then travel to Japan to show U.S. support for […]
Filed under: loans, technology by Guru
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Holding a large, deep-pocketed industry to account can be unforgiving work.
Take the case of Robert Howarth, a biogeochemist and professor of earth sciences at Cornell University in New York. This week, Howarth and two research colleagues had a study of theirs published in the peer-reviewed journal Climatic Change.
The study