Business and Finance news

What Would Jesus … Deduct?
President Obama offered a new line of reasoning for hiking taxes on the rich on Thursday, saying at the National Prayer Breakfast that his policy proposals are shaped by his religious beliefs.

Obama said that as a person who has been "extraordinarily blessed," he is willing to give up some of […]

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American Airlines’ parent is meeting with its unions this week to lay out cost cuts it wants to implement as part of its bankruptcy reorganization — moves that could cost many of the company’s 81,000 workers their jobs and a portion of their pension benefits.
AMR Corp. said at the time of its Nov. 29 […]

Be realistic when you ask borrow money using instant payday loans. Do not borrow more than you can afford to pay back, even if they offer you more money.

An Italian coast guard official vehemently demanded that the captain go back to his crippled cruise ship to oversee its evacuation, but the captain repeatedly resisted, according to a shocking audiotape made public Tuesday.
Prosecutors have accused Capt. Francesco Schettino of manslaughter, causing a shipwreck and abandoning his vessel before all passengers were evacuated during the […]

U.S. Treasury Secretary Timothy F. Geithner

South Korea and Indonesia will probably keep interest rates unchanged this week as a drop in their currencies risks heightening inflationary pressures even as the faltering global economy undermines growth prospects.
All 14 economists surveyed by Bloomberg News expect the Bank of Korea to keep the benchmark seven-day repurchase rate unchanged at 3.25 percent on […]

A day after taking over the job as the first director of the Consumer Financial Protection Bureau, Richard Cordray defended his role and says he’ll work to win Congress over.
"The appointment is valid, I’m now the director of the bureau," said Cordray, a former Ohio attorney general. "The important thing for us is that […]

Yields on India

U.K. Prime Minister David Cameron pledged more action to deal with

Marcellus Shale natural gas production is expected to keep rising in 2012, yet landowners may find that signing lease deals isn’t as easy as in years past.
Though still in its early stages, industry experts say that the business of Marcellus Shale gas drilling is starting to change, as new forces emerge.
Among them: lawmakers putting regulations […]

By year’s end, the St. Louis area’s biggest business group will have a new leader. Now a growing number of people are saying it may be time for a whole new direction.
St. Louis Mayor Francis Slay is adding his voice to those calling for big changes at the Regional Chamber and Growth Association, where longtime […]