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NEW YORK- Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook Inc

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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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U.S. Senate Majority Leader Harry Reid moved to force a vote on two nominees to the Federal Reserve Board, setting the stage for a vote as early as this week.
Reid, who filed a procedural motion today, said the U.S. needs a

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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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April’s jobs report was, in a word, disappointing. The economy added only 115,000 jobs. Hiring slowed. More than 340,000 workers dropped out of the labor force.
April’s report, which follows lackluster numbers for March, is particularly bad news for President Obama’s campaign staff in Chicago.
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Bill Gross, manager of the world

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At first blush, it may not seem like an honor to be called the best city for cheapskates.
But upon further reflection, St. Louis’ clinching of the top spot in Kiplinger.com’s list of top 10 cities for cheapskates may just be something to brag about.
After all, the website came up with the list by comparing a […]

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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 […]

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The biggest gain in consumer spending in a year probably helped the U.S. economy keep expanding in the first quarter even as fuel costs climbed, economists said before a report this week.
Gross domestic product, the value of all goods and services the nation produced, rose at a 2.5 percent annual rate after advancing 3 […]

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New Yahoo CEO Scott Thompson is the latest leader to promise a splashy turnaround — and though it’s an old party line by now, the earnings for his first full quarter on the job were upbeat.
Yahoo (, Fortune 500) pulled in 23 cents a share on $1.07 billion in sales for the first quarter, […]

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