Stocks erase losses on Fed promise of low rates

Stocks turned mixed Wednesday afternoon, erasing earlier losses, after the Federal Reserve said it will keep interest rates near zero for much longer than it had previously announced. Demand for ultra-safe Treasurys soared, pushing bond yields lower.
The Fed’s monetary policy committee said it is unlikely to raise interest rates before 2014, extending a period of […]

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Japan to Double Sales Tax by 2015 as Noda Fights Off Ruling Party Revolt - Bloomberg

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SLU won’t say how it plans to use properties it has bought

Except for his time in the military, James Coplin, 53, has lived his entire life in a modest brick house much like those of his neighbors in the 3600 block of Hickory Street.
Across the street is a stretch recently cleared of similar dwellings owned by St. Louis University. In their place is vacant ground, behind […]

Stocks edge higher; Europe worries ease

Stocks edged higher Friday as investors balanced signs of future growth in the U.S. economy with a looming deadline for Congress to reach a deal in deficit-reduction talks. Steep declines earlier in the week put the S&P 500 index on track for its worst week since September.
The Conference Board’s index of leading economic indicators rose […]

Target announces midnight opening for Black Friday

As the run-up to holiday shopping intensifies, Target Corp. is saying its stores will open at midnight on Thanksgiving Day for the first time this year.
That’s four hours earlier than last year.
The stores will stay open for 23 hours and close at 11 p.m. Friday, November 25. Target spokeswoman Susan Kahn said the change was […]

Europe reaches key deal to help Greece

European leaders agreed Thursday morning on a crucial plan to reduce Greece’s debts and provide it with more rescue loans so that the faltering country can eventually dig out from under its debt burden.
After a marathon summit, EU President Herman Van Rompuy said that the deal will reduce Greece’s debt to 120 percent of its […]

Employers to continue raising rates, shifting cost to workers

As open enrollment for health insurance approaches, employees can expect the same-old same-old

Website about Illinois doctors is running again

Patients in Illinois can again look up background information about their doctors after the state’s physician profile program was restored Wednesday.
The state’s department of financial and professional regulation launched the physician profile website in 2008 but took it down last year following a decision of the Illinois Supreme Court.
The website, which includes information on doctors’ […]

Washington University human genome project lays off 54

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Economy grew at weak 1.3 pct. annual rate in Q2

The economy grew slightly faster in the spring than previously estimated but remained dangerously weak as the country struggled with surging gas prices and high unemployment.
The Commerce Department says the economy grew at an annual rate of 1.3 percent in the April-June quarter, up from an estimate of 1 percent made a month ago. The […]