November 10th, 2011
Stocks are opening broadly higher after an unexpected drop in unemployment claims and signs of progress in Europe’s debt crisis. The gains came one day after the Dow Jones industrial average sank nearly 400 points.
Concerns about Europe eased slightly after Italy sold debt at borrowing rates that were more favorable than analysts expected. Greece named […]
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Filed under: banks, news by Forest
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October 27th, 2011
European countries will force their largest banks to quickly increase their capital buffers as part of a grand strategy to solve the continent’s debt troubles, but leaders gathered at a crisis summit struggled to agree on the other key parts of the plan.
Strengthening Europe’s banks is key to finally getting a grip on the debt […]
Filed under: management, news by Forest
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October 20th, 2011
Greece’s international creditors warn that a second rescue package tentatively agreed in July may not be enough to save the country from bankruptcy, but believe Athens should nevertheless get its next batch of bailout loans, according to a draft of a debt inspectors’ report obtained Thursday by The Associated Press.
Although the inspectors said Greece has […]
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October 10th, 2011
BERLIN—The leaders of Germany and France, the Eurozone’s two biggest economies, said Sunday they have reached an agreement about how to strengthen Europe’s shaky banking sector amid the region’s debt crisis.
“We are determined to do the necessary to ensure the recapitalization of Europe’s banks,” German Chancellor Angela Merkel following talks with French President Nicolas Sarkozy […]
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October 6th, 2011
A Congressman investigating shortages of hospital drugs is demanding that secondary drug distributors reveal how they are getting scarce, life-saving medicines and explain the huge markups they charge.
Letters from a House committee cite an Associated Press report that the shortages are responsible for at least 15 patient deaths and that secondary distributors are selling drugs […]
Filed under: economics, news by Forest
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September 29th, 2011
RBC Capital Markets LLC agreed to pay $30 million to resolve U.S. regulators’ claims that it marketed and sold unsuitable securities to five Wisconsin school districts that wiped out $200 million. St. Louis-based Stifel Financial is also a defendant and has not settled.
RBC Capital, the investment-banking unit of Canada’s biggest lender, failed to explain the […]
Filed under: interest rate, news by Forest
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September 9th, 2011
U.S. stocks plunged Friday, erasing the week’s gains, as rising fears about fallout from Europe’s debt crisis overshadowed President Barack Obama’s plan to revive the U.S. job market.
The resignation of a key official from the European Central Bank was the latest sign of deepening disagreement over how to solve Europe’ economic problems. And investors have […]
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September 3rd, 2011
The United Auto Workers, bargaining a new contract with U.S. automakers, is turning to General Motors Co. to set the pattern for wages and benefits for the U.S. industry, said three people familiar with the discussions.
UAW bargainers are seeking a large signing bonus and new work in U.S. factories in exchange for not increasing fixed […]
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September 1st, 2011
ST. LOUIS
Filed under: interest rate, news by Forest
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August 22nd, 2011
An Aug. 20 article about the drug hydrocodone erroneously stated how many times a prescription can be refilled under federal law. It can be refilled five times after the initial dispensation, not six. The article also should have made clear that federal law says controlled medicines must be kept in a locked cabinet unless the […]
Filed under: legal, news by Forest
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