Business and Finance news

Little more than a decade ago, Monsanto Co. began selling the corn seed with a novel gene to help farmers ward off a pest known as the European corn borer.
This year, the Creve Coeur-based agricultural biotech giant expects to sell 4 million acres worth of a new line of corn seed called […]

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GateWay Early College High School received an award this week for transitioning students from high school to college.
The high school, a division of GateWay Community College and part of the Maricopa Community Colleges System in Phoenix, was awarded the Pathways to Higher Education Award from the Arizona Commission for Postsecondary Education, USA Funds, University of […]

Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling.
Dallas Fed President Richard Fisher said in an interview with Market News International that the weakening dollar, which hit a 15-month low against major currencies on Monday, is […]

The Japanese government may undermine banks by forcing them to defer debt repayments while easing accounting standards on the loans, the country’s former top financial regulator said.
Shizuka Kamei, Japan’s newly appointed financial services minister, plans to submit legislation next month that would allow ailing small firms to postpone loan repayments for up to […]

German unemployment rose in September, posing a challenge for Chancellor Angela Merkel’s incoming coalition even as signs mount that the worst of the economic crisis is over.
The number of people out of work rose 10,000 on a seasonally adjusted basis, before statistical changes are taken into account, the Nuremberg-based Federal Labor Agency said […]

A revival in India’s monsoon rains is helping ease dry weather that’s caused drought in more than a third of the country, aiding crops in the world’s second-biggest producer of rice, wheat and sugar, a weather official said.
Rainfall this year may be 15-to-20 percent less than the 50-year average, making it the weakest […]

One of the St. Louis region’s highest-profile roof leaks is about to be plugged.
Leaders at Lambert-St. Louis International Airport said the roof covering the three busiest Main Terminal concourses — A, B and C — will be replaced at a cost of about $2 million in the first half of 2010.
"We’ve […]

The U.S. House approved an emergency measure to add $2 billion to the “cash for clunkers” automobile purchase program after a burst of demand exhausted most of the initial $1 billion in less than a week.
President Barack Obama said he was “very pleased with the progress the House has made.” The administration is […]

The worst U.S. recession in at least five decades may be over at year’s end, said Nouriel Roubini, the New York University economist who predicted the financial crisis.
“We might be at the bottom or close to the bottom,” Roubini said in a speech today at a Chilean investors’ conference in New York. “In […]

New Zealand’s inflation rate slowed to the lowest level in seven quarters as a recession curbed consumer demand, prompting companies to cut prices.
Consumer prices rose 1.9 percent in the year ended June 30, Statistics New Zealand said in Wellington today. Inflation slowed from 3 percent in the year to March and was higher […]