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This is one anniversary few feel like celebrating.
Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s.
After previous recessions, people in all income groups tended to benefit. This time, ordinary Americans are struggling with job insecurity, too much debt and pay raises […]
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 […]
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, […]
LONDON - Sony has been hit by a second massive data breach, hackers claim, another potential embarrassment for a company that is struggling to restore its image following the loss of millions of credit card numbers through its PlayStation Network.
The hackers, who call themselves LulzSec, said they pulled off what they described as an elementary […]
Chrysler Group LLC could repay most of its government loans as early as next week after raising $7.5 billion from bank loans and bond sales.
The company said last month that it intended repay the U.S. and Canadian governments during the second quarter. It announced the financial details on Thursday. Chrysler could repay the government as […]
Yamaha Motor Co. is expanding U.S. production of all-terrain vehicles as a weaker dollar and higher transport costs make manufacturing the off-road products in their biggest market more enticing than building in Japan.
The company will announce today plans to make 80 percent of its all-terrain vehicles at its Newnan, Georgia, factory, said Mike Martinez, […]
International Monetary Fund chief Dominique Strauss-Kahn, accused of attempting to rape a hotel housekeeper, was ordered held without bail by a New York judge after prosecutors argued he presented a flight risk.
Strauss-Kahn appeared in Manhattan criminal court today, two days after he was taken into custody aboard an Air France flight at John F. […]
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Microsoft Corp is close to buying web video conferencing service Skype Technologies for $8.5 billion including debt, a source familiar with the situation said, in a deal which would rank as the biggest for the software company.
A deal is expected to be announced as early as Tuesday morning, the source said. The source declined to […]
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Peak Resorts Inc., which owns Hidden Valley ski area in Wildwood, filed Monday for a $40.3 million initial public offering of its common stock.
Peak Resorts’ filing documents must still be approved by the Securities and Exchange Commission. If completed, it will be the first IPO by a St. Louis area company since American Railcar Industries […]