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Asian stocks plunged Friday after discouraging U.S. economic reports unnerved investors already worried about the stability of the 17-country eurozone.
Japan’s Nikkei 225 plummeted 2.4 percent to 8,660.23, as a strengthening yen battered the country’s behemoth export sector.
Hong Kong’s Hang Seng fell 2.1 percent to 18,802.45 and Australia’s S&P/ASX 200 dropped 2.2 percent to 4,064.40.
South Korea’s […]

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JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday.
The bank will accept the resignation of Ina Drew, its chief investment officer, the person told The Associated Press, speaking on […]

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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 […]

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 […]

Asian stock markets sank Monday as Europe’s debt crisis threatened to intensify again while growth in China slowed.
Japan’s Nikkei slid 1.4 percent to 9,505.27, bruised by a higher yen and an announcement Thursday by electronics and video gaming giant Sony Corp. that it would slash 10,000 jobs.
South Korea’s Kospi was 0.9 percent lower at 1,991.56 […]

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 […]

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 […]

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 […]

 The Federal Trade Commission announced early this morning that it has decided that Express Scripts Inc.’s $29 billion acquisition of rival Medco Health Solutions did not violate antitrust laws and will allow the deal to go through.
The decision will north St. Louis County-based Express Scripts to become the country’s large pharmacy benefit manager, which has […]

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