Business and Finance news

Federal Reserve Chairman Ben Bernanke is reiterating that Congress should not cut spending sharply while the economy is weak.
Bernanke tells the Joint Economic Committee that lawmakers face a delicate challenge: They must avoid making deep spending cuts that could impede the recovery. But he says they must also eventually cut spending more deeply than the […]

Federal health officials said Wednesday more illnesses and possibly more deaths may be linked to an outbreak of listeria in cantaloupe in coming weeks.
So far, the outbreak has caused at least 72 illnesses _ including up to 16 deaths _ in 18 states, making it the deadliest food outbreak in the United States in more […]

Asian stocks enjoyed a vigorous rebound early Tuesday after a pledge by European officials to resolve the region’s debt problems helped soothe market sentiment.
Oil prices rose to nearly $82 per barrel while the dollar slipped against the euro and the yen.
Japan’s Nikkei 225 shot up 1.8 percent to 8,524.56. South Korea’s Kospi index jumped 4 […]

It’s been a day of missed, dropped and failed calls for AT&T wireless customers in Southern California, and the night is sounding very similar.
AT&T spokeswoman Meredith Red said late Saturday that a hardware equipment issue was disrupting service for wireless subscribers in the Los Angeles area, and technicians were working on the problem.
The service glitches […]

Investors in Asia dumped stocks Friday as weak economic indicators from major nations intensified fears of a new global recession, although a joint call to action by the Group of 20 nations helped calm markets in Europe.
Oil prices stabilized near $81 a barrel after diving to a near seven-week low on Thursday. The dollar was […]

Most personal finance commentators say you need an emergency fund to cushion you from unexpected events, such as losing your job or facing a big unforeseen expense.
For many years I resisted. As the father of two young children, and with a huge mortgage, I didn’t have much spare cash. It always made more sense to […]

If you’re on Twitter, expect to see more ads flowing through your stream of tweets in the next few months.
The ads will show up even if the promotion is from a company that a person hasn’t chosen to follow. Until now, Twitter had only displayed ads that users were tracking.
As has been the case since […]

U.S. stock futures are falling as anxious traders await a key report on hiring and employment in August.
The Labor Department reports at 8:30 a.m. Eastern on the number of jobs created in August. Economists surveyed by FactSet expect that the economy added 93,000 jobs, not enough to reduce the 9.1 percent unemployment rate.
Global markets sank […]

JEFFERSON CITY

Jamestown Mall’s owner has a 90-day reprieve to find a buyer or otherwise resolve its default on a more than $2 million loan.
Jamestown Mall’s New York-based owner, Jamestown Mall Realty Management LLC, filed for Chapter 11 bankruptcy Aug. 8 to halt foreclosure proceedings brought by its lender, MFC Real Estate LLC. MFC alleged the mall owner defaulted on a […]