Most interesting finance and busines news.
The stock market was not exactly surprised that the so-called supercommittee failed to reach a deal to cut the deficit. But since summer, investors have sold at the first hint of trouble.
So on Monday, they sold big.
The Dow Jones industrial average lost almost 250 points after the special committee of Congress assigned to come up […]
U.S. Secretary of State Hillary Rodham Clinton played with a toddler and asked a little girl if she misses school during a quick visit Thursday to an evacuation center for Thai flood victims, a day after announcing a $10 million aid package.
Clinton exchanged the traditional Thai greeting known as “wai” _ bowing deeply while pressing […]
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Staples Inc. says its third-quarter profit climbed 13 percent, helped in part by better sales of office and break room supplies to businesses as well as promotional products.
But the nation’s biggest office supply company cut its full-year adjusted earnings forecast on Tuesday as its international performance weakened a bit.
Office suppliers have suffered during the recession […]
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Move over maple, there’s another syrup in town.
Maple syrup might be the ultimate Canadian culinary symbol, but if Dave Challen has his way, we’ll be turning to birch syrup for our dose of tree-based sweetness.
“There are a lot more birch trees in Canada than there are maple,” said Challen, owner of Thunder Bay-based Boreal Birch […]
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 […]
Boeing is taking over one of NASA’s old space shuttle hangars to build a new capsule that the company hopes will lift astronauts to orbit in four or five years.
More than 100 Boeing, NASA and state and federal officials gathered in the massive empty hangar _ Orbiting Processing Facility No. 3 _ for the announcement […]
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 […]
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 […]
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Ameren Corp. announced Friday that it is offering buyouts to 715 employees at its Missouri utility and support services units.
The offer is being extended to 5,700 full-time union employees and managers at Ameren Missouri and Ameren Services who will be 58 or older at end of the year.
The employees are being offered two weeks of […]
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