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 […]
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 […]
Olympus Corp. said Tuesday that top executives used acquisitions to hide massive losses, reversing denials of any wrongdoing as one of the largest accounting frauds in Japanese history tarnishes the nation’s corporate image.
Tokyo-based Olympus, which makes cameras and medical equipment, has been battered by a scandal over a $687 million payment for financial advice and […]
A small crowd gathered outside the new Gordmans in Chesterfield Commons on Friday morning as company officials stood before a large purple ribbon and a pair of oversized scissors.
“We want you to never have to wait for a sale,” proclaimed Jeff Gordman, the company’s chief executive who was dressed in a pinstripe suit. “In fact, […]
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Torstar Corp., publisher of the Toronto Star, reported higher revenues in its third quarter despite the challenging economy, the company said.
Revenue was $378.7 million for the three months ended Sept. 30, up $25 million from the year-earlier quarter, Torstar said Wednesday.
Earnings before interest, taxes, depreciation and amortization, commonly known as EBITDA, for the third […]
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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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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’ […]
Group 360 Worldwide marketing company promoted Tim Rutter to president.
Affinity Center International, a subsidiary of Maritz Holdings Inc., added Jeanet Schroepfer as its chief growth officer/champion marketing and sales and Greg Heth and Giulietta Versiglia as product champions, all based in the St. Louis area.
Hughes marketing agency added Bryan Dodson as its digital traffic manager.
SSM […]
Chrysler Group LLC and the United Auto Workers negotiators agreed on a new four-year contract early Wednesday that creates 2,100 new jobs.
Chrysler also will invest $4.5 billion in its plants under the deal, which covers 26,000 U.S. workers.
“This agreement is the latest in a remarkable turnaround for Chrysler,” UAW Vice President General Holiefield said in […]
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