June 23rd, 2010
Two downtown St. Louis projects — The Laurel and the Park Pacific — have $108 million in AFL-CIO financing, and are expected to generate 1,111 union jobs, according to a report from the AFL-CIO.
Ted Chandler, chief operating officer of the union’s $3.7 billion Housing Investment Trust, said Monday that the projects "offer an […]
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May 7th, 2010
Car shoppers took a wait-and-see approach in April, easing up on purchases as the lure of big incentives faded, with the hope that summer will bring a new flurry of deals.
The industry stayed on the road to recovery in April after last year’s dismal numbers, with most major automakers seeing double-digit sales […]
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April 15th, 2010
Meredith Whitney made her name warning Wall Street hotshots that Citigroup was in serious trouble in 2007, just ahead of the financial crisis. Zeroing in on commercial banking has long been her specialty, but in a conversation with Fortune, she inverted her gaze, focusing on how the upheaval in big banking, especially in consumer […]
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January 9th, 2010
State regulators seized Horizon Bank on Friday evening, making it Washington’s first bank failure of 2010 and the fourth community bank to be seized in the state in the last 13 months.
Washington Federal Inc., of Seattle, quickly snapped up the failed Bellingham bank from regulators, according to information released by the state Department of Financial […]
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November 3rd, 2009
President Barack Obama said on Saturday this week’s positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.
But he cautioned in his weekly radio address to Americans that “we have a long way to go before we return to prosperity” and more job losses were likely […]
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October 12th, 2009
When two former Bear Stearns hedge fund managers go on trial on Tuesday on charges they misled investors over risky securities, their attorneys may have to fight a perception that Wall Street is in the dock over the financial crisis.
Big money managers Ralph Cioffi and Matthew Tannin are the first Wall Streeters from a […]
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October 10th, 2009
Antitrust regulators have opened an investigation into claims that IBM abused its dominance of the market for mainframe computers to suppress rivals, an industry group said Thursday.
Ed Black, chairman of the Computer and Communications Industry Association (CCIA), said members of the organization have received requests for information from the Justice Department regarding anti-competitive practices […]
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September 30th, 2009
Americans have tamed their wanderlust during this recession, according to the latest data released by the U.S. Census Bureau. Only about 2.4% of Americans moved from state to state in 2008, down from 2.5% the previous year.
"The mobility rate is lower than it has been in years," said Robert Lang, a demographer with Virginia […]
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September 1st, 2009
Shares of Citigroup Inc fell 2.5 percent on Monday amid a broad slide in financial stocks as investors took profits after last week’s rally.
Bank stocks were also hit by a report from veteran banks analyst Dick Bove at Rochdale Securities suggesting that in the short-term “a reaction to the recent move up in the […]
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August 31st, 2009
Despite its name, the Airport Currency Exchange, a bare-bones operation across Interstate 70 from Lambert International Airport, doesn’t trade in euros, pesos or British pounds.
Instead, you can pay your electric, gas and phone bills there. And if you’re short on funds, the exchange can give you a short-term, high-interest loan. Missouri’s Public Counsel […]
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