Business and Finance news

JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday.
The bank will accept the resignation of Ina Drew, its chief investment officer, the person told The Associated Press, speaking on […]

Organizers say Beijing has forced the cancellation of a conference on legal protection for private industry amid heightened sensitivity over the country’s biggest political scandal in years.
A leading Beijing lawyer said legal authorities in the capital called him Saturday to demand it be called off. The conference had been scheduled for Saturday and Sunday in […]

Home prices dropped in February in most major U.S. cities for a sixth straight month, a sign that modest sales gains haven’t been enough to boost prices.
The Standard & Poor’s/Case-Shiller home-price index shows that prices dropped in February from January in 16 of the 20 cities it tracks.
The steepest declines were in Atlanta, Chicago and […]

On Saturday, at the University of Missouri-St. Louis, Marc Bowers is throwing an ideas conference for the rest of us.
It’s the first-ever ProductCamp St. Louis, a daylong “unconference” designed to help share ideas and insights among, as Bowers puts it, “people who are in mundane, old-school industries,” like manufacturing, consumer goods and telecommunications.
Unlike many entrepreneurship […]

Here’s a sign of just how far BlackBerry’s star has fallen: The maker of one popular app is pulling the plug, citing a "steady exodus" of users gravitating instead to Android and the iPhone.
Visual voicemail company YouMail is ending development on its BlackBerry app. YouMail CEO Alex Quilici said in a blog post […]

A prominent Iranian lawmaker says Iran has the knowledge and scientific capability to produce nuclear weapons but will never do so.
Gholamreza Mesbahi Moghadam says Iran can easily produce the highly enriched uranium that is used to build atomic bombs but it is not Tehran’s policy to go that route.
Moghadam made the comment in an interview […]

MELBOURNE

VANCOUVER

Every Tuesday morning, Teri Dobbins-Baxter starts her commute at 4 a.m.
She leaves home in the south suburbs of Chicago and goes to Midway Airport, where she hops a flight to St. Louis. Then she makes her way to Midtown, where she works as a law professor at St. Louis University. She then spend two days […]

Construction giant URS Corp. is acquiring the Canadian oil and gas contractor Flint Energy Services Ltd. for $1.25 billion in cash.
URS, based in San Francisco, said Monday that the deal will significantly expand its presence in the oil and gas industry. It will add to URS’ earnings this year and boost oil and gas revenue […]