Business and Finance news

St. Louis — Several dozen employees of the soon-to-close President Casino rallied outside the riverboat Friday, asking for the right to new jobs at other local casinos owned by the same company.
About 220 people will be laid off when Pinnacle Entertainment closes the President next month. The company originally said there would be […]

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MIAMI — Toyota shareholders incensed over a sudden drop in the Japanese automaker’s stock price are heading to court with lawsuits claiming company executives deliberately misled investors and the public about the depth of accelerator problems in millions of its vehicles.
At least three proposed class-action lawsuits filed by Toyota investors say the company […]

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Citigroup CEO Vikram Pandit thanked U.S. taxpayers for delivering billions of dollars of aid during of the depths of the credit crisis, but offered few details on why the government needed to step in more than once to rescue the embattled firm.
Testifying before a congressional watchdog group Thursday, Pandit tried to explain away the […]

WASHINGTON–U.S. regulators took a first step aimed at clamping down on oil speculation Thursday, proposing new limits on trading in energy futures by Wall Street firms and other market players.
The Commodity Futures Trading Commission voted 4-1 for new trade limits on the New York Mercantile Exchange and the Intercontinental Exchange intended to keep […]

Timothy Hendron, who is believed to have gone on a homicidal rampage at his workplace Thursday, was suing his employer and Fidelity Management Trust Co., the mutual fund giant. He claimed that he and fellow employees were victimized by excessive fees charged in their 401(k) retirement plan.
Hendron, of Webster Groves, was one of […]

Dutch consumer confidence climbed to the highest in 21 months in December as a recovery of global trade helped boost exports.
The consumer-sentiment index in the euro area’s fifth- largest economy rose to minus 11 from minus 14 in the previous month, the national statistics bureau in The Hague said on its Web site […]

Australian advertisements for job vacancies jumped in November by the most since May 2007, reinforcing central bank Governor Glenn Stevens’s decision to raise borrowing costs last week for an unprecedented third month.
Jobs advertised in newspapers and on the Internet gained 5.2 percent from October, according to an Australia & New Zealand Banking Group […]

Solar module maker Canadian Solar Inc. is preparing to establish a manufacturing facility in Ontario that will create 500 direct jobs to take advantage of a provincial green-energy program that mandates local content.
The Kitchener-based company made the announcement this morning.
Canadian Solar, founded in 2001, said the new facility will be capable of manufacturing 200 megawatts […]

Intel Corp, the world’s biggest chip-maker, expects the launch of Microsoft’s new Windows 7 operating system to prompt corporate buyers to replace hardware in 2010, a company executive said on Tuesday.
“With Windows 7 coming along, you’re going to see that as a factor in corporate computer purchasing. That stuff will start moving the PC […]

World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London’s longstanding resistance to a global tax.
France and Germany have led the way in Europe on seeking to force the financial sector to return some of the billions of public dollars […]