Business and Finance news

Dubbed the "no vacation nation," the United States lags behind most other developed countries when it comes to vacation days. But Americans don’t seem to mind.
Most workers don’t use all their vacation days in the first place.

About 57% of working Americans had unused vacation time at the end of 2011, and most of them […]

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ST. LOUIS • Funeral services are pending for Rick Desloge, who spent nearly three decades as a journalist with the St. Louis Business Journal.
The Business Journal says Desloge died Monday, about a year after he was diagnosed with pancreatic cancer. He was 63.
Desloge began at the Business Journal in 1984 and continued working until recently. […]

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LONDON

Shares of MEMC Electronic Materials Inc. tumbled 25 percent so far today after the O’Fallon, Mo.-based company posted a huge loss due to dropping sales.
After markets closed on Wednesday, MEMC reported reported a $92 million net loss for the first quarter on continued erosion of demand and pricing in semiconductor and solar industries.
As of 1:35 […]

The smoldering debate over European austerity flared hotter Tuesday as the left-wing politician trying to form a new Greek government declared that his country is no longer bound by its pledges to impose crippling cutbacks in return for rescue loans.
The comments by Alexis Tsipras flew in the face of EU leaders’ insistence on fiscal discipline […]

A fire caused by explosions in one of the world’s largest petrochemical industrial estates have killed 12 and injured more than 100 people in eastern Thailand.
The Saturday blaze forced an evacuation of workers and more than 1,000 residents near the Map Ta Phut industrial estate, Thailand’s largest industrial park, in Rayong province, 180 kilometers (110 […]

Four elections this weekend have the potential to reshape the European political map and show how the response to the financial crisis remains hostage to the whims of voters on both sides of the region

South Korea

Less than a year after Arch Coal Inc. paid $3.5 billion for rival International Coal Group Inc., the Creve Coeur-based company is shopping some of its mines, Bloomberg News reported today.
The report, citing unnamed sources, said Arch Coal could raise $600 million or more by selling several mines that produce thermal coal, a fuel burned […]

News Corp. chairman Rupert Murdoch defended his globe-spanning, half-a-century long media career Wednesday, telling an inquiry into U.K. media ethics that he never called in favors from the powerful people his papers covered.
Speaking softly, deliberately and with dry humor, Murdoch parried one question after the other about the influence his dominant media operations had in […]