Ronnie’s ice cream heads to Crestwood

Ronnie’s Ice Cream, a 31-year-old frozen dessert manufacturer, will move from St. Louis to Crestwood’s Watson Industrial Park Drive this year, co-owner Ron Ryan said after the Board of Aldermen approved a conditional use permit Tuesday night.
Ronnie’s now makes Quezel Sorbets and other specialty desserts at 1919 South Grand Boulevard cash advance […]

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Kan Appointment Raises Fiscal Discipline Concern, Moody’s Says

The replacement of Japan’s finance minister four months into the government’s term increases concern about the commitment to rein in budget deficits, Moody’s Investors Service said.
“Japan’s fiscal strategy unknowns deepen” with the appointment of Naoto Kan last week, Thomas Byrne, senior vice president of Moody’s in Singapore, wrote in a note today.
Byrne’s […]

South Korea Exports Rise at Fastest Pace in 17 Months

South Korea’s exports increased at the fastest pace in 17 months, adding to signs that Asia’s fourth-largest economy is recovering from the global recession.
Overseasshipments gained 33.7 percent in December from a year earlier to $36.2 billion, the Ministry of Knowledge Economy said today. That was more than the median 27.9 percent forecast in […]

Asia Needs Low Interest Rates Amid Recovery, ADB Says

Asia should keep interest rates low even as China, South Korea and other emerging economies in the region may grow at the fastest pace in three years in 2010, the Asian Development Bank said.
“Inflation is still low,” Jong-Wha Lee, the Asian Development Bank’s chief economist, told reporters in Manila today. “We haven’t seen […]

Mounting debt seen as threat

OTTAWA–Mounting governmental and household debt are posing new risks to the stability of financial systems, the Bank of Canada said Thursday in its latest analysis.
The central bank’s semi-annual Financial System Review finds that overall conditions have improved in the short term since it last reported in June.
But it adds that record-high debt […]

Initial jobless claims down in Ohio, U.S.

The number of people making initial claims for unemployment payments fell in the week ending Nov. 21, the U.S. Labor Department reported Wednesday.
The advance figure for seasonally adjusted claims was 466,000, down from 501,000 in the week ended Nov. 14, according to a news release.
The total number of U.S. citizens receiving unemployment benefits as of […]

Bank of England expands quantitative easing, holds rates steady

The Bank of England said on Thursday it would expand its quantitative easing program by 25 billion pounds ($41.5 billion) to help kick-start Britain’s recession-hit economy.
The increase brings the central bank’s total asset-buying program to 200 billion pounds, the equivalent of more than 14 percent of Britain’s economic output.
The BoE also left interest rates […]

Homes: About to get much cheaper

If you thought home prices were bottoming out, you may be wrong. They’re expected to head a lot lower.
Home values are predicted to drop in 342 out of 381 markets during the next year, according to a new forecast of real estate prices.
Overall, the national median home price is predicted to drop […]

Ruth Madoff sued for $45 million

Ruth Madoff, wife of imprisoned Ponzi schemer Bernard Madoff, was sued Wednesday by a court-appointed trustee seeking $45 million in funds to compensate victims.
Last month, federal authorities seized the Madoffs’ assets but left Ruth Madoff with $2.5 million — an amount they could not tie to her husband’s massive and long-running Ponzi scheme.
But Irving […]

New GM focus: Customers

DETROIT — General Motors Corp. completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy.
At a news conference, CEO Fritz Henderson said the revamped automaker will be faster and more responsive to customers than the old one. It will generate […]