Last business news
November 25, 2011
Hungary has slammed Moody’s decision to downgrade its credit rating to junk status, describing it Friday as another unjustified financial attack against the country.
Hungary, which last week asked the International Monetary Fund and the European Union for possible financial help, is feeling the fallout from the debt crisis in the 17-country eurozone, even though it […]
November 24, 2011
Livestock farmers are demanding a change in the nation’s ethanol policy, claiming current rules could lead to spikes in meat prices and even shortages at supermarkets if corn growers have a bad year.
The amount of corn consumed by the ethanol industry combined with continued demand from overseas has cattle and hog farmers worried that if […]
Uncategorized, marketing - Comments closed
November 19, 2011
A maker of coal-mining equipment says it is investing more than $13 million to expand a southern Illinois plant, creating or retaining 150 jobs.
Magnum Steel Works Inc. said Friday the investment will be made over four years to nearly quadruple the size of the Mount Vernon factory to 128,000 square feet.
The company says 52 of […]
management, money - Comments closed
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 […]
legal, management - Comments closed
November 2, 2011
Stocks rose sharply in early trading Wednesday, a day after renewed worries over Europe’s debt crisis roiled markets around the world. Strong corporate earnings and a better employment report helped turn markets around.
The Dow Jones industrial average jumped 209 points, or 1.8 percent, to 11,867 as of 11 a.m. Eastern. The Dow lost 573 points […]
November 1, 2011
The Missouri Legislature has acquired a do-nothing reputation lately, but you won’t hear folks in the biotechnology industry applying that label.
Legislators passed only two bills during their fall special session, but one of them was the Missouri Science and Innovation Research Act, a longtime priority for local technology boosters. MOSIRA sets up a funding source […]
October 19, 2011
Stocks slid in early trading Tuesday after disappointing corporate earnings reports and concerns that France and Germany may not reach an agreement to provide additional support for Greece.
Moody’s also warned late Monday that it may downgrade France’s top-notch credit rating in the next three months. On Tuesday, that country’s finance minister said that the French […]
business, management - Comments closed
October 16, 2011
The Occupy Wall Street protests are hitting a nerve.
A dearth of jobs, overwhelming student loans and soaring health-care costs are just three major issues protesters have targeted. And regardless of politics, economic data suggests they’re not alone in their frustrations.
It may be why the protests have spread to other cities _ including Boston, Cincinnati, Seattle […]
October 8, 2011
The jobs crisis isn’t getting worse. But it isn’t getting much better, either.
The economy added just enough jobs last month to ease fears of a new recession. But hiring is still too weak to bring down unemployment, which has been stuck around 9 percent for more than two years.
The nation added 103,000 jobs in September, […]