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A Houston Holiday Inn owned by St. Louis developers Michael and Steve Roberts filed for bankruptcy today, representing the latest in a string of legal troubles for the brothers’ holdings spread across the country.
Michael and Steve Roberts are principals of St. Louis-based Roberts Cos., which owns 11 hotels, four TV stations, a radio station and […]
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The stock market is on a roll this year. The pros are bullish, yet John and Jane Public are still scared of stocks.
The market, as measured by the S&P 500 Index, is up 12 percent so far this year, its best first-quarter rally since 1998. But small investors are missing the party.
They have been yanking […]
The Fitch ratings agency has upgraded Greece to B- from “restricted default” after the country carried out the biggest debt writedown in history in a bond swap with private creditors.
Fitch said Tuesday that it had upgraded its rating and assigned a “stable outlook.”
It gave a B minus rating _ still junk status _ to the […]
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Iraq’s oil ministry says oil exports have declined slightly in January compared to the previous month.
Monday’s statement says last month oil exports averaged 2.107 million barrels per day, down from 2.145 million barrels per day in December.
The sales grossed $7.123 billion based on an average price of $109.081 per barrel. December’s revenues stood at $7.061 […]
Stocks are opening mostly lower ahead of a statement from the Federal Reserve and a news conference by its chairman.
The Fed will offer details Wednesday about how long it plans to keep interest rates very low. It also will release an economic forecast. Later, Fed Chairman Ben Bernanke will take questions from reporters.
Traders continue to […]
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China said Monday that two officials have been jailed for leaking economic data to securities brokerages and four people who work in the financial industry are being investigated.
The National Administration for Protection of State Secrets said the officials shared classified data numerous times though it gave no specific details about the information or the impact […]
Premier Silvio Berlusconi has survived a confidence vote in parliament, but his narrow majority raises doubts over his ability to govern effectively when Italy needs a steady hand during its economic crisis.
Berlusconi’s conservatives won the vote in the lower house of parliament Friday 316-301.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. […]
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The leaders of Germany and France, the eurozone’s two biggest economies, say they have reached agreement on strengthening Europe’s shaky banking sector.
German Chancellor Angela Merkel says she and French President Nicolas Sarkozy “are determined to do the necessary to ensure the recapitalization of Europe’s banks.”
Merkel spoke after talks with Sarkozy at Berlin’s chancellery Sunday aimed […]