Concord Bank CEO Tony Feraro dies

Tony Feraro, the president and CEO of Concord Bank in South St. Louis County, died Wednesday. He was 64.
Feraro joined the bank in November 2008.
“The entire Concord Bank family mourns the loss of Tony,” said Concord Bank chairman Earl Gates in a statement. “Our thoughts and prayers are with his wife and four children, and […]

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Euro Economy to Shrink as Spain, Italy Re-Enter Recession - Bloomberg

The euro-region economy will return to growth in 2013 with only Spain among its 17 members remaining in recession, the European Commission said.
Gross domestic product will rise 1 percent in 2013 after declining 0.3 percent in 2012, the commission said today. While Greece will have the deepest slump this year, with GDP declining 4.7 […]

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Skittles joins food brands at center of tragedy

It could’ve been Starbursts, Twizzlers or Sour Patch Kids. But when Trayvon Martin was fatally shot, he happened to be carrying a bag of Skittles.
The 17-year-old’s death at the hands of a neighborhood watchman in February ignited nationwide protests and heated debate about racial profiling and “Stand Your Ground” laws.
For Mars Inc., the privately held […]

Obama healthcare law could sharply worsen U.S. deficits: study

President Barack Obama’s healthcare law could sharply exceed its cost-savings targets and add up to $530 billion to the federal budget deficit, a leading authority on U.S. government benefit programs said on Tuesday.
A study by Charles Blahous, a George Mason University research fellow and the Republican trustee for the Medicare and Social Security entitlement […]

Analysis: How low can U.S. jobless rate really fall?

Gary Feeman has been searching for a job for 16 months. He’s not ready to give up just yet, but the 60-year-old worries he is running out of options.
Feeman is among the more than 5 million Americans who have been out of work for more than six months and who represent the heart of […]

After struggles, O’Fallon Brewery back on path to growth

O’Fallon, Mo. • This time last year, O’Fallon Brewery was fading out of sight.
After growing for most of a decade, St. Louis’ second-largest craft brewer hit a wall. Its co-founders ran out of cash. Beer-making ground to a halt. Six-packs on store shelves dwindled.
But now O’Fallon is on pace to sell more in 2012 than […]

Peres: Social media helps with peace process

Israeli President Shimon Peres on Tuesday visited Facebook’s California headquarters, where he blasted the Iranian government and said the social networking site is a way for people to bypass failed efforts of governments to seek peace.
The 88-year-old leader was scheduled to meet with the company’s chief executive officer, Mark Zuckerberg, and launch his official personal […]

AP source: Mogul gives $5M to pro-Gingrich group

A Las Vegas billionaire has contributed $5 million to an independent group backing Newt Gingrich, bolstering the former House speaker’s efforts to revive his presidential campaign and drawing renewed attention to the role of such groups in the 2012 contest.
A person familiar with the development said Sheldon Adelson, a casino mogul and longtime donor to […]

First Solar cuts 2011 financial estimates

First Solar Inc. on Wednesday cut its earnings and revenue estimates for 2011 due to weather delays and other unspecified issues with some company projects.
The Tempe, Ariz. solar manufacturer said it expects to earn between $5.75 and $6 per share on revenue of $2.8 billion to $2.9 billion in 2011. That’s down from an already […]

3 foreign oil workers, 2 from US, freed in Nigeria

Gunmen have freed three foreign workers, two from the U.S., kidnapped from a ship supplying a Chevron Corp. offshore oil field near Nigeria’s coast, authorities said Friday.
The U.S. Embassy in Abuja and Chevron separately confirmed the release of the kidnapped workers from contractor Edison Chouest Offshore, based in Galliano, Louisiana. A spokesman for Edison Chouest […]