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I saw Rupert Murdoch a couple of weeks ago in Los Angeles and asked him if he was having fun with the Wall Street Journal, his hard-won prize and current fixation. "Not yet," he quickly replied in his Aussie brogue. This week, Murdoch rattled the media world with the news the Journal’s top editor, […]

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Central bank officials in Indonesia, the Philippines and Thailand may raise interest rates this year as higher oil and commodity prices feed into inflation, according to JPMorgan Chase & Co.
Bank Indonesia has maintained the rate used as a reference for bill sales since December, while the Bank of Thailand last moved on its […]

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Audio recording is a breeze in these digital days, but ever press rewind in your memory to the times of those clunky, old school BASF cassette tapes on which you used to record your beloved Duran Duran, Depeche Mode or Def Leppard tunes? And whither the company that manufactured them?
Well, the high-flying German corporation sure […]

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Whirlpool Corp. reported a nearly 20% drop in first-quarter net income, citing high material costs and seven consecutive quarters of lower U.S. product demand.
The maker of major home appliances posted net income Thursday of $94 million dollars, or $1.22 per share, down from $117 million dollars, or $1.46 per share in the first quarter […]

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The number of Americans filing first-time claims for unemployment benefits unexpectedly fell last week to a two-month low, a sign some companies have put firing plans on hold.
Initial jobless claims decreased by 33,000 to 342,000 in the week ended April 19, the Labor Department said today in Washington. Economists surveyed by Bloomberg News […]

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The surge in commodity prices poses an additional burden to a U.S. economy already pressured by the housing slump and credit-market turmoil, the Treasury Department's top international official said.
“The U.S. economy is facing a very challenging time,'' Treasury Undersecretary David McCormick said in an interview in Chennai, India, today. “There are impacts far […]

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One of downtown St. Louis’ most prominent developers and property owners is no longer part of one of downtown’s most ambitious redevelopment initiatives.
The $400 million Mercantile Exchange, which included a renovation of St. Louis Centre, will move forward without Pyramid Construction Inc. and the company’s owner, John Steffen.
"We have taken over […]

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A General Motors Corp. plant near Lansing that makes the company’s hot-selling crossovers was partially shut down Wednesday due to a strike at a supplier, calling into question a planned strike later this week by the GM workers.
A GM (GM, Fortune 500) spokesman said workers at the Delta Township plant only worked half a […]

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Brazil's central bank Governor Henrique Meirelles, who yesterday lifted interest rates for the first time in three years, is betting he can contain inflation by tightening monetary policy more aggressively than economists anticipated.
Policy makers raised the overnight rate by half a percentage point to 11.75 percent from a record-low 11.25 percent, surprising 34 […]

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Investor confidence in Germany probably rose for a third month in April on signs Europe's largest economy is coping with a stronger euro and the U.S. slowdown, a survey of economists shows.
The ZEW Center for European Economic Research will say its index of investor and analyst expectations rose to minus 30 from minus […]

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