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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Is Canada lagging behind in online education?

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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 […]

Wall Street Journal remains No. 1

NEW YORK • U.S. newspapers reported a slight increase in circulation over the past year as more readers purchased digital subscriptions, according to a media industry group. Average daily circulation in the six months that ended on March 31, rose nearly 1 percent for the 618 newspapers that participated in the Audit Bureau of Circulations […]

King Faces 10 Days of Angst on BOE Stimulus as Recession Festers - Bloomberg

Bank of England Governor Mervyn King has 10 days left to make up his mind on whether he can risk halting stimulus for an economy trying to shake off a recession.
Reports starting tomorrow on manufacturing, construction and services, as well as consumer credit and house prices, will set the scene for data crunching by […]

Consumer Comfort in U.S. Falls by the Most in More Than a Year - Bloomberg

Consumer confidence in the U.S. dropped last week by the most in more than a year as perceptions of personal finances and the buying climate dimmed.
The Bloomberg Consumer Comfort Index fell to minus 35.8 in the period to April 22 from minus 31.4 the previous week, the biggest decline since March 2011. A gauge […]

Few expect major shifts as Fed ends policy meeting

The Federal Reserve has given the public increasingly more information about its work and its thinking. More doesn’t always mean more revealing.
Investors aren’t expected to learn much from the Fed’s latest policy statement Wednesday or from its updated economic forecasts or from Chairman Ben Bernanke’s quarterly news conference.
Most economists think all that information will confirm […]

Patriot Coal to idle Kentucky mine amid demand slump

Patriot Coal Corp. annnounced today that it will idle production at its Freedom underground mine in an effort to deal with falling coal demand from utility companies.
The mine, located near Henderson, Ky., produced 1.2 million tons of thermal coal in 2011.
“Thermal coal markets remain weak as a result of the mild winter, coupled with low […]

The lure of guns and … zombies at NRA convention in St. Louis

ST. LOUIS • Hope you like guns. Otherwise, there’s nothing for you inside the exhibit hall at the NRA’s annual national convention. Guns in every direction. Acres of them. Big guns, like the sniper-esque Sig Sauer Sig50 tactical rifle with a 29-inch barrel. Or the Taurus revolver, “Raging Judge Magnum” etched along its comically oversize […]

Canadian banks the safest in the world, Moody

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