Business and Finance news

The world’s bond buyers have turned on Europe’s deeply indebted governments and fled to another deeply indebted government across the Atlantic — the U.S. As a result, U.S borrowing costs have plunged to historic lows while rising rates in Europe have many worried about a catastrophic financial crisis.
The European debt crisis has made the U.S. […]

Until this past summer, I used to love shopping at outlet malls. A few times a year, my friends and I would head across the border from Vancouver into Washington state to go shopping at the Tulalip Premium Outlet shopping centre. And whenever we were on vacation, one of the first things we looked up […]

His legacy tarnished and his hopes of clinging to power dashed, Silvio Berlusconi faces daunting legal and financial challenges now that he has left office and the prospect of life outside the international spotlight.
He has vowed he won’t run again for office, though few expect he’ll abandon Italian politics for good. Berlusconi himself has already […]

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 […]

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 […]

ST. LOUIS

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 […]

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 […]

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 […]

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 […]