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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 […]
Goldman Sachs, the investment bank blistered by a resigning employee this week for how it does business, said Friday that it will try to strengthen internal rules to prevent questions about conflicts of interest.
A Delaware judge almost killed a deal between two energy companies last month because Goldman had ties to both parties: The bank […]
Filed under: mortgage, technology by Forest
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Alabama’s Jefferson County can go ahead with its $4.23 billion bankruptcy case, the biggest ever by an American municipality, a federal judge ruled.
Overcoming arguments by creditors that the county was ineligible for bankruptcy because it had the wrong type of debt, U.S. Bankruptcy Judge Thomas Bennett issued a ruling late Sunday in Birmingham, Alabama, […]
Filed under: Uncategorized, money by Forest
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The biggest five banks in the United States are too powerful and should be broken up, Dallas Fed President Richard Fisher said on Wednesday.
The financial crisis had left the five biggest banks even more powerful than before, he told an event in Mexico City.
“I believe personally that they should be broken up,” Fisher said.
Read […]
Filed under: Uncategorized, mortgage by Forest
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Procter & Gamble announced plans Thursday to cut 5,700 positions globally by June of next year.
In a presentation to the Consumer Analyst Group of New York, Procter & Gamble () CEO Bob McDonald and CFO Jon Moeller said the cuts were part of a plan to save $10 billion in costs by 2016. […]
Filed under: management, term by Forest
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Federal Reserve Bank of St. Louis President James Bullard said the 30 percent drop in U.S. housing prices since 2006 may prompt a generational shift to apartment rentals.
Filed under: interest rate, uk by Forest
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U.K. retail sales unexpectedly rose for a second month in January, adding to signs the economy may strengthen in the current quarter and avoid a recession.
Sales including fuel rose 0.9 percent from December, when they rose 0.6 percent, the Office for National Statistics said today in London. Economists forecast a 0.3 percent decline, according […]
President Barack Obama called for $1.4 trillion in fresh revenue from Americans at the top of the income scale, proposing higher taxes on wages and investments and limiting breaks for retirement savings and health insurance.
The tax proposals in the administration
In an effort to cut their losses, banks are paying some struggling homeowners as much as $35,000 to sell their homes before they end up in foreclosure.
The deals are aimed at incentivizing homeowners who owe more on their home than it is worth and who are seriously delinquent on their payments to sell their […]
America is filled with lawyers, and lawyers sue people. Then those people hire more lawyers to ward off the suing lawyers. It’s all gonzo business for lawyers and a nagging little worry for the rest of us.
Most of us will never get sued. Still, it’s worth looking at ways to protect assets in case a […]