Business and Finance news

The Missouri Supreme Court has thrown out $125,000 in damages awarded to a former employee of Pepose Vision Institute of Chesterfield because a juror made anti-Semitic comments.
The high court’s decision requires a trial judge to examine allegations of prejudicial remarks made by one or more jury members and, upon finding said allegations to be true, […]

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Regulators shuttered six banks on Friday, notching up 15 failed banks in the first month of in 2010.
The biggest to fall was First Regional Bank in Los Angeles, which had deposits of $1.87 billion. The others were Community Bank and Trust in Cornelia, Ga.; Florida Community Bank in Immokalee, Fla.; First National Bank of […]

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Pushed by growing anger among Americans over the slow economic recovery, "jobs" has become the buzzword of the political season.
President Barack Obama mentioned it almost 20 times during his first State of the Union speech. Republican and Democrat leaders vow that job creation will drive their agendas as they push toward the midterm […]

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 […]

Alcoa Inc. on Monday reported a smaller net loss for the fourth quarter, though revenue shrank without improvement in its aerospace, commercial building and gas turbine businesses.
The company, based in Pittsburgh, reported a net loss of $277 million, or 28 cents per share, compared with a loss of $1.19 billion, or $1.49, […]

Estonia is set to adopt the euro on its target date in 2011 because of the Baltic country’s work on fulfilling economic requirements, European Union Economic Affairs Commissioner Joaquin Almunia said yesterday.
“It is quite possible that Estonia will be in the euro by 2011,” Almunia told the European Parliament in Strasbourg. The data […]

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 […]

When U.S. retail chains report November sales this week, investors will learn whether they have gone far enough to protect profits against a weak start to the holiday shopping season.
Early data on weekend shopping from U.S. Thanksgiving Day on Thursday through Sunday showed a slight increase in retail sales, pressuring shares from Wal-Mart Stores […]

Pulte Homes Inc raised its forecast for efficiencies and savings from its acquisition of rival Centex Corp, overshadowing a quarterly loss and sending its shares up 7.5 percent.
The biggest U.S. homebuilder also reported higher gross margins in the third quarter.
Pulte, which has operations in 29 states, said its new target for efficiencies and savings […]

U.S. bank regulators, saying losses on souring commercial real-estate loans pose the biggest risk to lenders, will issue guidelines to help the institutions modify the agreements.
Reduced demand for space has led to falling rental rates, adding to losses on the loans, leaders of the Federal Deposit Insurance Corp., Office of the Comptroller of […]