Business and Finance news

A state board gave a green light Tuesday to $1.55 million in bonds to help finance Zoltek’s new plant in St. Peters.
The Missouri Development Finance Board gave preliminary approval to the bonds, part of $15.5 million that the carbon-fiber-maker is cobbling together to buy and renovate a 130,000 square-foot building on Geunther Blvd. Other incentives […]

Compare life insurance quotes for term life and whole life insurance plans. Get free insurance quotes and information.

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 […]

Save up to $500 on your auto insurance! Compare car insurance rates, or get an insurance quote online.

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 […]

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

Organizers say Beijing has forced the cancellation of a conference on legal protection for private industry amid heightened sensitivity over the country’s biggest political scandal in years.
A leading Beijing lawyer said legal authorities in the capital called him Saturday to demand it be called off. The conference had been scheduled for Saturday and Sunday in […]

On Saturday, at the University of Missouri-St. Louis, Marc Bowers is throwing an ideas conference for the rest of us.
It’s the first-ever ProductCamp St. Louis, a daylong “unconference” designed to help share ideas and insights among, as Bowers puts it, “people who are in mundane, old-school industries,” like manufacturing, consumer goods and telecommunications.
Unlike many entrepreneurship […]

Iconic investor Warren Buffett announced Tuesday that he has been diagnosed with stage I prostate cancer in a letter to shareholders of his firm Berkshire Hathaway.
Buffett, 81, said his "condition is not remotely life-threatening or even debilitating in any meaningful way," and that additional tests didn’t reveal incidence of cancer anywhere else in […]

The city of O’Fallon, Mo., hired Michael Hurlbert as its new economic development director.
Hurlbert is joining O’Fallon from the planning, architecture and design firm of Peckham, Guyton, Albers & Viets Inc., where he was senior project manager since September 2008.
Previously, he was the city planner and economic development administrator for Creve Coeur from 2004 to […]

 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 […]