Most interesting finance and busines news.
The number of working Americans earning so little they lived in poverty reached 7.2 percent of the labor force in 2010, the highest level in at least two decades, the government said on Friday.
The Bureau of Labor Statistics counted 7.6 percent of women among the working poor, compared to 6.7 percent of men. In […]
The city of O’Fallon, Mo., hired Michael Hurlbert as its new economic development director.
Hurlbert is joining O’Fallon from the planning, architecture and design firm of Peckham, Guyton, Albers & Viets Inc., where he was senior project manager since September 2008.
Previously, he was the city planner and economic development administrator for Creve Coeur from 2004 to […]
U.S. stocks dropped Wednesday, rebounding somewhat into the close, as investors grew increasingly anxious about what the markets might look like without additional stimulus from the Federal Reserve.
Some investors had been hoping the Fed would move toward another round of quantitative easing, but those prospects seemed less likely following Tuesday’s release of minutes from […]
Air Canada says it has an injunction against its ground workers in Toronto, Montreal and Quebec City after wildcat strikes in Toronto and Montreal cancelled or delayed dozens of flights.
The workers walked out Thursday night, reportedly after some of them were disciplined for heckling federal Labour Minister Lisa Raitt.
Filed under: Canada, technology by Guru
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Let’s answer a couple of reader questions on money market funds and ancient certificates of deposit.
What do I tell my mother who is wondering if she should put all her money out of money market accounts so that she won’t lose any of her money? Are they not insured by FDIC? — L.J., Kirkwood
That depends […]
An inquiry into Australian media prompted by last year’s News Corp. scandal recommended on Friday better oversight of the industry and called for the establishment of a government-funded council to set and enforce journalistic standards.
The investigation was launched after Rupert Murdoch’s News Corp. closed its top-selling British tabloid, News of the World, last year over […]
Federal health officials say they still have safety concerns about an experimental diet pill from drugmaker Vivus Inc., as the company prepares to make a second attempt to convince experts of the drug’s safety next week.
Vivus, based in Mountain View, Calif., is one of three small drugmakers racing to bring the first new prescription weight […]
Investors thinking of buying a piece of Facebook after it goes public are hoping it will perform like Google, whose stock has risen 500 percent since its debut seven and a half years ago.
But they may want to spare a thought for companies slightly less exciting _ a truck leasing company, perhaps, or a manufacturer […]
Filed under: business, management by Guru
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For much of the 2000’s, Josh Bolten helped steer the country. Now he’ll help steer Emerson.
The Ferguson-based manufacturer said Wednesday that Bolten, who held several top posts in the George W. Bush administration, has joined its board of directors. He was White House chief of staff from 2006 until 2009, director of the Office of […]
Filed under: management, technology by Guru
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