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White House adviser Paul Volcker said it’s too soon for U.S. policy makers to withdraw the stimulus measures and interest-rate cuts used to fight the worst slump since the Great Depression.
“This is not the time to take aggressive tightening action, either fiscally or monetary-wise,” said Volcker in an interview in Berlin yesterday, pointing […]

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The top-grossing movie in the world, Avatar, is on screens now, and it clearly identifies the most evil force in the universe. It’s business.
"There’s only one thing the shareholders hate more than bad publicity," says the smarmy manager of an unnamed company’s mining operations on the planet Pandora in Avatar, "and that’s a […]

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Financial and energy stocks helped push the Toronto stock market slightly higher Monday.
The rise followed a three-session losing streak brought on by Chinese moves to slow bank lending, proposals to curb risk-taking by U.S. banks and doubt over whether U.S. Federal Reserve chairman Ben Bernanke would be appointed to another term.
The S&P/TSX composite index rose […]

St. Louis-area casinos saw their business grow in 2009, but all of the gains were concentrated in two casinos.
Revenue at the region’s six casinos climbed nearly 2 percent for the year to $1.05 billion, despite a tough economy that had gamblers nationwide holding their wallets tighter. In December, casino revenue grew 1.7 percent, […]

Gadget lovers are waiting with bated breath for the much-anticipated unveiling of the Apple tablet, but don’t expect it to take the world by storm the way the iPod and iPhone did.
"There will be a strong interest in it, but it won’t be the wave of the future," said James Brehm, analyst at Frost […]

The U.S. Department of Housing and Urban Development will award nearly $8 million in grants for Bexar and El Paso counties.
The grants are part of HUD’s Continuum of Care program designed to keep local homeless programs operating and prevent interruption of care. Continuum of Care programs provide permanent and transitional housing to the homeless.
The grants […]

A fitful economic recovery is drawing strength from a stabilizing job market and signs that manufacturing will contribute to the rebound.
The latest sign was a government report Thursday that the number of newly laid-off workers filing claims for unemployment benefits fell more than expected last week. And the four-week average for claims, […]

Time Warner Cable is shifting its charitable focus to kids and technology.
The company this week launched Connect a Million Minds (CAMM), a new education and awareness initiative designed to help address the country’s continuing decline in the areas of science, technology, engineering and math (STEM).
Aimed at inspiring a new generation of problem solvers, the company […]

Japanese officials are more likely focused on the exchange rate of the yen versus China’s yuan rather than against the dollar, according to Citigroup Inc., citing the fact that China is Japan’s biggest trading partner.
For this reason the level at which Japanese authorities may intervene to temper the yen’s gain will be at […]

A senior Federal Reserve official said on Sunday the central bank should keep alive a mortgage-backed securities buying program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.
“I have advocated to keep the asset purchase program open but at a very low level, and […]