Business and Finance news

Citigroup CEO Vikram Pandit thanked U.S. taxpayers for delivering billions of dollars of aid during of the depths of the credit crisis, but offered few details on why the government needed to step in more than once to rescue the embattled firm.
Testifying before a congressional watchdog group Thursday, Pandit tried to explain away the […]

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Coca-Cola Co. may buy the North American operations of its biggest bottler, a deal that echoes a move by rival PepsiCo in response to falling soft-drinks sales, The Wall Street Journal reported Wednesday.
If the partial acquisition of Coca-Cola Enterprises Inc. goes through, the rest of the bottler would remain independent and buy […]

The federal government has offered Hawaii $16.6 million in stimulus relief to help cover the costs of prescription drugs for residents eligible for both Medicare and Medicaid.
The U.S. Department of Health and Human Services announced Thursday that the temporary boost is part of the American Recovery and Reinvestment Act of 2009. It comes in the […]

Fitch Ratings has assigned its AAA rating to Mecklenburg County’s $116 million in general obligation refunding bonds, series 2010.
The debt is slated for sale on Feb. 23.
The outlook is stable.
Fitch cites the county’s broad, diverse economic base, solid reserve levels and debt policies business card.
Source

The Missouri Supreme Court has thrown out $125,000 in damages awarded to a former employee of Pepose Vision Institute of Chesterfield because a juror made anti-Semitic comments.
The high court’s decision requires a trial judge to examine allegations of prejudicial remarks made by one or more jury members and, upon finding said allegations to be true, […]

Timothy Hendron, who is believed to have gone on a homicidal rampage at his workplace Thursday, was suing his employer and Fidelity Management Trust Co., the mutual fund giant. He claimed that he and fellow employees were victimized by excessive fees charged in their 401(k) retirement plan.
Hendron, of Webster Groves, was one of […]

Stifel Financial Co. will speed up its repurchase of auction rate securities under a settlement reached with Missouri Secretary of State Robin Carnahan. The settlement will bring earlier relief for hundreds of Stifel customers who have been stuck with securities that they can’t sell.
The settlement also ends a nasty, public spat between St. […]

European Union leaders said government measures to stimulate the economy should stay in place until the “recovery is fully secured.”
“Forecasts suggest a weak recovery in 2010, followed by a return to stronger growth in 2011,” heads of the 27-nation EU said in a statement after a summit in Brussels today. “But uncertainties and […]

Australian advertisements for job vacancies jumped in November by the most since May 2007, reinforcing central bank Governor Glenn Stevens’s decision to raise borrowing costs last week for an unprecedented third month.
Jobs advertised in newspapers and on the Internet gained 5.2 percent from October, according to an Australia & New Zealand Banking Group […]

Solar module maker Canadian Solar Inc. is preparing to establish a manufacturing facility in Ontario that will create 500 direct jobs to take advantage of a provincial green-energy program that mandates local content.
The Kitchener-based company made the announcement this morning.
Canadian Solar, founded in 2001, said the new facility will be capable of manufacturing 200 megawatts […]