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Execs feel sting as investors push back on pay

May 6, 2012

Say-on-pay votes are usually routine, but when they’re not they bring a potential for controversy and embarrassment that most executives are facing for the first time.
Just ask the folks at Aegion. The pipe repair company, based in Chesterfield, got 99 percent shareholder approval for its pay practices last year. This year, ISS, a leading governance […]

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finance, real estate - Comments closed

US home prices drop for 6th straight month

April 24, 2012

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 […]

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Uncategorized, money - Comments closed

Geithner Says Europe Must Be Creative, Aggressive in Crisis - Bloomberg

April 23, 2012

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

management, technology - Comments closed

Why a top app maker is ditching BlackBerry

April 18, 2012

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 […]

Uncategorized, marketing - Comments closed

Spanish Bonds Slide as Draghi Panacea Found Wanting: Euro Credit - Bloomberg

April 14, 2012

Spanish and German government bonds are signaling the respite in the euro-region

economics, finance - Comments closed

Aegion in Middle East joint venture

April 13, 2012

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 […]

economics, management - Comments closed

US Fidelis co-founder admits federal tax evasion, fraud

April 11, 2012

ST. LOUIS • Four days after pleading guilty to state fraud charges, US Fidelis co-founder Darain Atkinson appeared Monday in U.S. District Court in St. Louis to admit he also broke federal laws in cheating customers and failing to declare or pay taxes on $13 million received from the company in just one year.
In a […]

banks, term - Comments closed

Iran lawmaker: Country can produce nuclear weapon

April 8, 2012

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 […]

Uncategorized, technology - Comments closed

O-Fallon, Mo., hires Michael Hurlbert as its economic development director

April 6, 2012

The city of O’Fallon, Mo., hired Michael Hurlbert as its new economic development director.
Hurlbert is joining O’Fallon from the planning, architecture and design firm of Peckham, Guyton, Albers & Viets Inc., where he was senior project manager since September 2008.
Previously, he was the city planner and economic development administrator for Creve Coeur from 2004 to […]

finance, mortgage - Comments closed

Fed mulls Maiden Lane III asset sales

April 4, 2012

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 […]

management, money - Comments closed