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Monthly Archive December, 2011

Grocery stores pull Arizona lettuce from shelves

December 31, 2011

Heads of iceberg lettuce are being removed from grocery store shelves in at least seven states after salmonella was found in an Arizona field adjacent to the grower’s property.
None of the lettuce in the markets has tested positive for salmonella but the grower alerted retailers of the test results and sought a withdrawal of the […]

management, stocks - Comments closed

Italy Sells 7 Billion Euros of Bonds as Yields Fall - Bloomberg

December 30, 2011

Italy auctioned 7 billion euros ($9 billion) of debt to bring the total raised this week to almost 20 billion euros, underscoring how the European Central Bank is helping the world

legal, mortgage - Comments closed

Morgan Stanley to cut 580 jobs in New York

December 28, 2011

Of the 1,600 job cuts announced earlier this month by Morgan Stanley, 580 will be at its home base in New York.
The relentless tug of the dismal economy is hitting employees in the banking sector hard, and it’s no surprise that many of the job cuts are hitting the epicenter of the financial industry. Citigroup, […]

economics, online - Comments closed

Dow jumps 337 points

December 27, 2011

U.S. stocks surged Tuesday as concerns about the European debt crisis eased and investors welcomed signs of strength in the U.S. housing market.
The Dow Jones industrial average () rose 337 points, or 2.9%, to end at 12,103. The S&P 500 () jumped 36 points, or 3%, to 1,241. The Nasdaq () gained 80 […]

finance, online - Comments closed

More Americans to travel over the holidays

December 20, 2011

Despite continued worries about the economy, more Americans are expected to hit the highway this holiday season.
Travel group AAA said Wednesday it expects 91.9 million Americans — about 30% of the population — is expected to travel at least 50 miles from home during the 11-day year-end holiday season. That’s up 1.4% from a […]

technology, term - Comments closed

St. Louis needs to reboot economic development efforts

December 18, 2011

For the St. Louis economy, this year looked a lot like the previous 20 or 30, and it’s a rut we really need to get out of.
Job growth lagged the nation. Well-known local companies succumbed to takeovers, without enough new businesses to take their place. Officials argued about strategy while failing to address the region’s […]

money, technology - Comments closed

Delta announces big LaGuardia expansion

December 16, 2011

Delta Air Lines Inc. is boosting its flying out of New York’s LaGuardia airport, adding routes that target American Airlines and put it in a better position to compete against United.
Delta says the additions make it the biggest airline between the New York area and cities in the U.S. That should help it grab more […]

lenders, stocks - Comments closed

US to meet with NKorea to discuss food aid

December 15, 2011

The United States will hold talks with North Korea in Beijing Thursday on the possibility of providing food aid to the impoverished country, the State Department said.
The Obama administration has been deliberating on the issue for months. The United Nations and U.S. charities say aid is badly needed, but it remains a controversial issue. North […]

Uncategorized, economics - Comments closed

German investor sentiment rises

December 13, 2011

A closely-watched survey shows German investor sentiment grew in December, ending a nine-month downward trend.
However, the rise was not as big as expected as Europe’s raging debt crisis weighs heavily on the continent’s largest economy.
The ZEW investor sentiment index for December released Tuesday was up 1.4 points to minus 53.8 points overall. Analysts had forecast […]

finance, marketing - Comments closed

SLU Hospital proposes mediator in contract talks

December 11, 2011

The chief executive of St. Louis University Hospital says that his health system is seeking the assistance of a third-party mediator to break an impasse in contract talks with a national health insurer.
SLU Hospital Chief Executive Phillip Sowa said the hospital’s parent company, Tenet HealthCare Corp. of Dallas, faxed a letter Friday to Anthem Blue Cross and […]

legal, management - Comments closed