Business and Finance news

Fans of the St. Louis Cardinals came in No. 10 in a new ranking by Forbes magazine of America’s Best Sports Fans.
The magazine touted St. Louis as a “great baseball town,” with fans in red packing the stand for every home game. The publication also said fans “had a hard time swallowing one-time legend Mark […]

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Gerald Pace, who has been general counsel at North Milwaukee State Bank for three years, will become the chief financial officer of Milwaukee Public Schools.
Pace previously was a public finance associate with a Milwaukee law firm and served as CFO with a large Ohio school district, the bank said Friday.
North Milwaukee State Bank president and […]

Hawaii’s hotel occupancy rates grew 10.9 percentage points last week compared to the same week a year ago, according to an industry report out Friday.
The Hawaii Hotel Industry Snapshot, conducted by Smith Travel Research and Honolulu-based Hospitality Advisors, showed that hotel occupancy for the week ending July 10 was 79.4 percent, up from 68.5 percent […]

Once upon a time, there was job security in a government job.
That’s no longer the case. The layoff ax has hit public sector payrolls with force as states wrestle with massive budget shortfalls. Since August 2008, some 231,000 state and local government jobs have disappeared — 22,000 last month alone, according to federal data. […]

MARKET PRICING & RETURN AS OF JUNE 1, 2010
Ranked by market capitalization, the total value of outstanding shares. Market cap in millions
* Viasystems began trading in February.
** Market cap is for both A and B series shares. The $1.30 close is A series, $1 .55 close is for B series.
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St. Louis — Several dozen employees of the soon-to-close President Casino rallied outside the riverboat Friday, asking for the right to new jobs at other local casinos owned by the same company.
About 220 people will be laid off when Pinnacle Entertainment closes the President next month. The company originally said there would be […]

Hawaii Medical Assurance Association on Thursday closed its deal to buy the fully insured health insurance membership of Summerlin Life and Health Insurance Hawaii.
The deal, first announced in February and recently approved by the state Insurance Division, makes HMAA the state’s second-largest preferred-provider health insurer with more than 46,000 members, after the addition of Summerlin’s […]

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 […]

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 […]