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Less than a year after Arch Coal Inc. paid $3.5 billion for rival International Coal Group Inc., the Creve Coeur-based company is shopping some of its mines, Bloomberg News reported today.
The report, citing unnamed sources, said Arch Coal could raise $600 million or more by selling several mines that produce thermal coal, a fuel burned […]

U.S. Treasury Secretary Timothy F. Geithner said the global economic recovery is fragile and Europe

Aegion Corp. said Thursday that a subsidiary, United Pipeline Systems, had entered a joint venture with Special Technical Services LLC to provide pipeline-lining services in the Middle East.
United Pipeline owns 51 percent of the joint venture, Aegion said. The venture, established in Oman, will provide pipeline, piping and flow line high-density polyethylene lining services in […]

The Federal Reserve is considering possible sales of assets from its Maiden Lane III portfolio, which was created during the bailout of insurer American International Group (AIG) (AIG.N: Quote, Profile, Research, Stock Buzz), a New York Federal Reserve spokesman said on Wednesday.
Maiden Lane III grew out of the purchase of $29.3 billion in collateralized […]

Egypt’s Islamist-dominated parliament has overwhelmingly voted in favor of ensuring that its own lawmakers will comprise the bulk of a panel that will write the country’s constitution.
Lawmakers Saturday voted on the criteria for the makeup of a 100-member panel drafting the document. The Islamists, who dominate the parliament, want a formidable presence on the panel […]

Officials from St. Louis and St. Charles counties are pushing for changes in state law that would give more control to voters and less to municipalities over the issuance of lucrative tax increment financing benefits.
Bills pending in Jefferson City could curtail city council authority to pass TIF plans for Walmarts and other projects by giving […]

U.S. corporations pay one of the highest tax rates in the world. There’s little debate about that.
Still, some argue the difference in the overall tax burden for U.S. companies isn’t nearly as great it appears.

In fact, the United States collects less corporate tax relative to the overall economy than almost any other country in […]

German business confidence rose more than economists forecast to a seven-month high in February as Europe

Belgian Prime Minister Elio Di Rupo reiterated a pledge to make extra budget cuts amid slower economic growth while calling on the European Union to step up efforts to bolster the region