January 28, 2012
Officials say talks between Greece and private creditors on halving the country’s privately held debt load have ended and a deal is very close.
A statement from creditor representatives Charles Dallara and Jean Lemierre says the two sides are “close to the finalization of a voluntary (private sector involvement) … We expect to conclude next week […]
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January 17, 2012
NEW YORK • The nation’s largest retail trade group expects a solid 3.4 percent increase in sales this year, below last year’s 4.7 percent increase as job woes weigh on shoppers.
Sales should reach $2.53 trillion this year, up from last year’s $2.45 trillion, boosted in part by higher prices across all goods, according to a […]
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January 10, 2012
The Federal Reserve will pay $76.9 billion to the U.S. Treasury as part of an annual dividend it remits after covering its own expenses from interest on its ballooning bond portfolio and other gains.
Total assets on the Fed
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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
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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 […]
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November 30, 2011
Under pressure to deliver shock treatment to the ailing euro, European finance ministers failed to come up with a plan for European countries to spend within their means. Such a plan is needed before Europe’s central bank and the International Monetary Fund consider stepping in to stem an escalating threat to the global economy.
The ministers […]
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November 7, 2011
The leaders of Greece’s two biggest parties are due to resume talks Monday to agree on who should be the country’s new prime minister, after reaching a historic power-sharing deal to push through a massive financial rescue deal that will prevent imminent bankruptcy.
Socialist Prime Minister George Papandreou and conservative leader Antonis Samaras are to hold […]
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October 4, 2011
All eyes will be on Apple today as the tech giant is expected to unveil its next iPhone. Follow The Star’s live coverage of the big event online payday advance. Follow the live blog
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September 14, 2011
A plan to distribute $13 million to consumers cheated by Wentzville-based US Fidelis could be tossed aside if a lawsuit against the bankrupt company’s largest creditor is successful, according to a memo filed with the bankruptcy court Friday by the creditor, Chicago-based Mepco Finance Corp.
The memo accompanies a motion to dismiss a suit filed Sept. […]
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August 10, 2011
Bargain hunters helped push the Dow back above 11,000 Tuesday.
The Dow Jones industrial average rose 196 points, or 1.8 percent, to 11,005 in midday trading. On Monday, the Dow had its worst day since 2008, plunging 634.76 points as fear coursed through global markets.
“We’ve got no information that makes us feel any better or worse” […]
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