US stocks rebound a day after big losses

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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EU sets new bank rules, struggles over crisis plan

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 […]

APNewsBreak: Greek 2nd rescue deal seen not enough

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 […]

Merkel, Sarkozy reach agreement on boosting banking sector

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 […]

Lawmaker questions distributors on drug shortages

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 […]

RBC settles lawsuit with Wisconsin school districts

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 […]

Stocks plunge as worries about Europe intensify

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 […]

UAW looks to GM to set pattern in contract talks

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 […]

Laclede’s Landing in St. Louis to get street work

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Correction: Addictive Painkiller story

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 […]