World economy, not U.S. debt rating, is biggest drag on market
August 8th, 2011
Hot Business Topics
House Speaker John Boehner has informed president Barack Obama that he wants to pursue a smaller $2 trillion deficit reduction deal, not the larger effort sought by the White House.
Boehner said the White House wanted tax increases in a deficit reduction deal of as much as $4 trillion over 10 years.
Republicans have been adamant that […]
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 […]
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, […]
Germany’s health minister says he’s hopeful that the worst of an E. coli outbreak blamed on sprouts is over _ but he is warning that the number of deaths, now at 33, may still increase.
Minister Daniel Bahr’s comments came after health officials announced on Friday that they had traced the outbreak to sprouts from a […]
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Both Missouri and Illinois suffered in the Great Recession. Now they’re falling behind in the recovery.
Economic growth was slower than average in both states in 2010, and is expected to stay that way for years to come, according to a pair of new reports out Tuesday.
The Commerce Department said that Missouri’s economy grew a little […]
Many hospitals, physicians and insurers are approaching federal health reform with caution, even trepidation, as they seek to unravel the endless complexities of a new regulatory framework for fixing the U.S. health care system.
But the new chief executive of the Essence Group, a family of privately held health technology and service companies based in Maryland […]
Lee Enterprises, owner of the St. Louis Post-Dispatch, today revised its proposed refinancing plan, announcing that it would offer common stock to buyers of its new debt.
The company said it will issue $680 million in first-lien notes which will mature in 2017, and $375 million in second-lien notes due in 2018.
Buyers of the second-lien notes will […]
Shells and heavy fighting are shaking the walls of homes and prompting residents to flee parts of the northern Yopougon suburb in Ivory Coast’s largest city.
It appears to be an offensive by forces of President Alassane Ouattara to dislodge die-hard militiamen loyal to arrested former President Laurent Gbagbo.
A resident in the Kuwait area of the […]
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