Hot finance and business news.
What a week for Twitter.
The mircroblogging firm made nearly a dozen announcements this week, marking a huge shift in Twitter’s business strategy, starting with the fact that it now actually has a business strategy.
At its developer conference, codenamed Chirp, the company unveiled promoted tweets, new official mobile apps, an enhanced geo-tagging feature, a […]
Filed under: legal by Finance Boss
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Evidence continues to mount that the mortgage crisis may be easing.
The number of houses facing foreclosure in the St. Louis region dropped to its lowest level in at least two years in the first quarter, according to numbers out today from RealtyTrac.
While still high by historic standards, the number of St. Louis-area […]
Filed under: finance by Finance Boss
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Top five and bottom five factors influencing corporate decisions on relocation — and where union-related factors fall on the list:
1. Labor costs
2. Highway access
3. Tax exemptions
4. Energy availability and costs
5. Corporate tax rate
11. Low union profile
14. Right to work state
22. Availability of unskilled labor
[…]
Filed under: technology by Finance Boss
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Goldman Sachs defended its controversial employee bonuses and multi-billion dollar relationship with AIG in its annual report released Wednesday, while downplaying its short-selling in the mortgage market.
Much of the letter was devoted to describing Goldman’s (GS, Fortune 500) role in the financial crisis and the recession, praising its own "strong performance" in 2009, which […]
The number of Americans filing for unemployment insurance for the first time fell last week, matching the lowest level since August 2008, according to government data released Thursday.
There were 439,000 initial jobless claims filed in the week ended March 27, down 6,000 from an upwardly revised 445,000 the previous week, according to the Labor […]
Filed under: money by Finance Boss
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KV Pharmaceutical Co. continued its purge of employees Wednesday, handing out pink slips to 289 workers — about 42 percent of its work force, company officials confirmed.
Many of the laid-off employees had worked for the Bridgeton-based drug maker for more than 10 years. Some had been with the company for decades, current and […]
Filed under: business, management by Finance Boss
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