Business and Finance news
November 11, 2011
The prospect of new governments in Greece and Italy helped support market sentiment Friday, at the end of a hugely-volatile week when investors fretted over the future of the euro currency and the outlook for the global economy.
With Greece having appointed Lucas Papademos as the prime minister of a coalition government, and Italy expected to […]
November 10, 2011
Contradicted by key former executives and challenged by his company’s ex-lawyers, James Murdoch is expected back for a second grilling in Britain’s Parliament Thursday over the phone hacking scandal that has shaken his father’s media empire.
Although the senior News Corp. executive has long insisted he knew nothing of the culture of criminality whose exposure has […]
Uncategorized, business - Comments closed
October 31, 2011
Asian markets were mostly lower in early trading Monday, as investors shifted their focus from Europe to the U.S. economy.
Japan’s Nikkei 225 index rose 0.5 percent to 9,096.27. Hong Kong’s Hang Seng slipped 0.4 percent to 19,938.46, while South Korea’s Kospi was 0.4 percent lower at 1,921.78. Benchmarks in Australia and Singapore also fell, while […]
October 29, 2011
Stocks edged between small gains and losses Friday afternoon as traders scrutinized a plan to contain Europe’s debt crisis that sent the market soaring a day earlier.
The Dow Jones industrial average ended up nearly 23 points at 12,231. The Dow surged 339 points the day before, its biggest gain since Aug. 11. The Dow is […]
business, technology - Comments closed
October 28, 2011
The Commerce Trust Co. has tapped David Krauss of The Stolar Partnership to oversee the bank’s wealth management services for ultra high-net worth individuals and families.
Krauss currently is a partner at The Stolar Partnership in downtown St. Louis and heads the law firm’s Stolar Family Office business unit, which provides investment oversight for high-net worth individuals.
Krauss will join Commerce in December as managing director of The […]
October 24, 2011
U.S. stock futures are mixed after European leaders said they made progress on resolving the region’s debt problems at a weekend summit but delayed offering any details.
European leaders say they will unveil plans to help resolve the crisis by Wednesday. Worries about Europe’s debt problems have helped drag global stocks up and down over the […]
October 21, 2011
British police say they knew that Rupert Murdoch’s News of the World tabloid had hacked into the phone of murdered British teenager Milly Dowler nine years before the scandal exploded.
The chief constable of southern England’s Surrey Police says his force knew as far back as April 2002 that someone linked to the News of the […]
October 18, 2011
Thousands of striking workers blockaded roads leading to Freeport-McMoRan Cooper & Gold Inc.’s mine in easternmost Indonesia on Tuesday, preventing food, medicine and other supplies from reaching holed-up staffers and their families.
Production at the mine, which holds some of the largest gold and copper reserves in the world, was halted for a second day over […]
Uncategorized, banks - Comments closed
October 16, 2011
The protesters at the heart of the Occupy Wall Street movement were planning a day of rest Sunday, a day after rallies across the globe drew thousands who marched and chanted and, in some cases, grew violent.
In New York City, the group that insists on being leaderless had nothing on its agenda save its nightly […]