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Leaders working to forge a Pacific free trade bloc plan to announce an outline for achieving that goal at an annual Asia-Pacific summit this weekend, one of many initiatives aimed at keeping growth on track and fending off recession.
U.S. Trade Representative Ron Kirk ended a meeting of regional trade ministers with praise for Japan’s decision […]
Senior banker Lucas Papademos was appointed prime minister Thursday of an interim Greek unity government that seeks to cement a European debt deal and stave off national bankruptcy.
Chosen after four tortuous days of power-sharing talks, Papademos immediately called for unity and promised to seek cross-party cooperation to keep Greece firmly in the 17-nation eurozone.
The 64-year-old […]
UnitedHealth Group Inc.’s third-quarter net income edged slightly lower as medical costs climbed and some health care use picked up, but the insurer’s revenue grew and it raised its 2011 earnings forecast.
The Minnetonka, Minn., managed care company’s medical claims paid rose 7 percent to $18.41 billion compared to last year’s quarter, mainly due to price […]
A surge in demand for autos and aircraft drove orders for long-lasting manufactured goods higher in July, easing fears that the economy might be on the verge of another recession.
The rebound in the auto industry helped offset a decline in orders for most other factory goods.
Stocks rose after the better-than-expected report showed the biggest increase […]
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Robert Griggs is a risk-taker by nature. He has never been afraid of debt.
At the moment, however, Griggs is delaying a decision on whether to invest $10 million or more and create about 50 new jobs at his steel pipe mill in St. Charles. Orders are strong and profits have never been higher, but Griggs […]
American Airlines Inc. has secured alliances with some of the world’s best airlines. It has restructured its network to focus on major cities. It is replacing its fleet. It avoided bankruptcy when many of its competitors fled to Chapter 11.
What it has not done, however, is make money.
In the 10 years ended Dec. 31, 2010, […]
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Stocks edged lower in early trading Wednesday, a day after the Dow Jones industrial average had its longest losing streak since August. McDonald’s Corp. fell after reporting weak sales.
McDonald’s Corp., the world’s largest hamburger chain, didn’t sell as much at its U.S. restaurants in May as investors had hoped. The stock slipped 0.7 percent to […]
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Another massive data breach at Sony has left hackers exulting, customers steaming and security experts questioning why basic fixes haven’t been made to the company’s stricken cybersecurity program.
Hackers say they managed to steal a massive trove of personal information from Sony Pictures’ website using a basic technique which they claim shows how poorly the company […]
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 […]