Experience on Wall Street? Don’t run for office.

Bob Rubin and Hank Paulson. Vernon Jordan practically lives in the intersection of finance and politics. Heck, even John Edwards took a sabbatical at private equity/hedge fund firm Fortress Investment Group (FIG) between campaigns. Although Edwards’ explanation — that he wanted to understand more about how Wall Street worked so as to be better […]

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Four-year, $90 million project is completed at St. Anthony’s Medical Center

A four-year, $90 million redesign and construction project recently was completed at St. Anthony’s Medical Center in south St. Louis County with the opening of the hospital’s new heart and vascular institute.
This final part of the project groups three radiology suites, three cardiac catheterization labs, two electrophysiological labs and an endovascular lab together […]

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Consumer prices up 2% for the year

A key index of consumer prices fell in May, but it was up 2% over the past 12 months, the government said Thursday.
The Consumer Price Index, the Labor Department’s key measure of inflation, fell by 0.2% in May on a monthly basis. Economists surveyed by Briefing.com expected a 0.1% drop.
The government report attributed most […]

US Airways to being Charlotte-Ottawa link

US Airways Group will begin service June 1 connecting Charlotte, N.C., with Ottawa, Ontario.
Ottawa joins the list of five other destinations added from the Tempe-based airline’s Charlotte hub in the past 18 months. Service to Rome began May 13 and flights to Rio de Janeiro started in December.
The daily service to Ottawa will be operated […]

ESPN outbids Fox for ACC television rights

ESPN won the TV rights to ACC football and basketball in a bidding competition with Fox Sports that was surprisingly close, industry sources say, and as a result made the conference several million more dollars.
The back-and-forth bidding, which reached its final stages last week at the league’s spring meetings in Amelia Island, Fla., drove up […]

Morgan Stanley shares fall on investigation reports

Shares of Morgan Stanley fell Wednesday following reports that U.S. federal prosecutors are looking into whether Morgan Stanley misled investors about complex mortgage derivatives it designed.
Citing people familiar with the matter, the Wall Street Journal said that investigators are scrutinizing Morgan’s so-called collateralized debt obligations, or CDOs.
Morgan Stanley (MS, Fortune 500) opened at $27.34 […]

Chrysler trims loss

Chrysler Group LLC says cost cuts, manufacturing efficiency and disciplined pricing helped the Italian-run automaker slash its net loss to $197 million in the first quarter.
The red ink was far less than the staggering $3.8 billion it lost from the time it left bankruptcy protection June 10 through the end of last […]

What now for Eliot Spitzer?

Fortune editor at large Peter Elkind spent almost two years working on his new book, Rough Justice: The Rise and Fall of Eliot Spitzer, due out from Portfolio April 20. An exclusive excerpt of the book will appear in the next issue of Fortune and on Fortune.com. Elkind recently interviewed Spitzer again about his […]

FHA’s Florida fiasco

What the heck happened to the FHA’s loans in Florida?
The state dominates the list of troubled metro areas for Federal Housing Administration-insured mortgages. In fact, 16 of the top 25 locales with the highest default rates are in Florida, as of December, with tiny Punta Gorda on the Gulf Coast leading at 22.7%.
The poor […]

AIG: $51 billion down, $51 billion to go

After selling off its second "crown jewel" insurance business in a week, AIG has made a sizeable dent in its plan to repay its debt to taxpayers.
But the troubled insurer is still just halfway home and it’s not clear exactly how AIG will pay off the remainder.
On Monday, the insurer announced that it […]