IMF urges US lawmakers to raise $14.3B debt limit

The International Monetary Fund urged U.S. lawmakers Wednesday to raise the nation’s borrowing limit. It warned that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets.
The debt limit is the amount the government can borrow to help finance its operations. The United States reached its […]

Protesters clash with riot police in Athens strike

Riot police fired tear gas at youths hurling rocks near the Greek finance ministry Tuesday, trying to quell the anger unleashed by a general strike as parliament debated new cost-cutting measures.
The latest austerity measures must pass in two parliamentary votes Wednesday and Thursday if Greece is to receive bailout funds from the EU and the […]

France says its E.coli strain same as Germany’s

France’s health minister says experts are “99 percent sure” that the E. coli outbreak that put seven people in the hospital in Bordeaux region is the same strain of bacteria that killed 44 people _ all but one in Germany.
Hospital officials say that three of the seven sickened are on dialysis, while a 78-year-old is […]

Jostled Boeing is still cruising

Analysts say there’s little doubt that Boeing got roughed up at the 49th annual Paris Air Show this week.
The Chicago-based company had to watch as its chief rival, European-based Airbus, announced record orders for its A320neo, a new single-aisle airplane that’s attracting buyers who want to lower fuel costs and carbon-dioxide emissions no fax needed […]

Canadians aim to pay mortgages sooner: Survey

OTTAWA

EU approves Lilly’s weekly diabetes drug Bydureon

European Union regulators have approved the first once-per-week diabetes medication, the companies that developed the drug said Tuesday.
Eli Lilly and Co., Amylin Pharmaceuticals Inc. and Alkermes Inc. said they received marketing approval for Bydureon, a drug that is intended to help patients control their blood sugar in combination with other diabetes medications. The drug is […]

MISSOURI EMPLOYERS MUTUAL INSURANCE CO.

Founded in 1993 by the Missouri Legislature to solve a perceived crisis in workers’ compensation insurance for small businesses.
Headquarters: Columbia, Mo.
2010 premium revenue: $114.3 million
Total assets: $350 million
Market share: 16 percent
Policy holders: 12,000
Employees: 200
Note: Numbers are approximate; provided by Missouri Employers Mutual Insurance Co loan for people with bad credit.
BOARD OF DIRECTORS
Recent turmoil surrounding the […]

Berlusconi ally issues ultimatum for his support

Premier Silvio Berlusconi’s key political ally issued an ultimatum Sunday to the embattled Italian leader, saying he must lower taxes, decentralize government and end the country’s participation in the Libyan war if he wants to remain in power.
But at the same time, Northern League leader Umberto Bossi said early elections would be an unwise gift […]

Greek debt crisis: Juncker warns of contagion

The Greek debt crisis could spread to at least five other European countries _ including Belgium or even Italy _ if it is not cautiously managed, the head of the euro group warned Saturday.
Jean-Claude Juncker told the German daily Sueddeutsche Zeitung that nudging private creditors to contribute to the next Greek bailout package could be […]

Midwest BankCentre settles with DOJ

Midwest BankCentre has settled allegations of lending discrimination brought by the Department of Justice.
As part of the settlement, Midwest BankCentre has agreed to invest $1.45 million in areas of St. Louis with majority African-American populations, the DOJ said Thursday, and open a bank branch in Pagedale. The investment includes $900,000 in financing to increase credit in majority African-American areas, […]