Finance news

American Airlines says it is agreeing with creditors to consider potential mergers while it is still under bankruptcy protection.
American parent AMR Corp. says that the company and its bankruptcy creditors agreed to develop “potential consolidation scenarios,” but that didn’t mean it would pursue a deal with any particular party.
Still, Friday’s announcement suggested that events could […]

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ST. LOUIS • When it comes to deciding how much taxpayers should know about plans to overhaul the Edward Jones Dome, the Rams appear to be calling the shots.
The Rams, who last month rejected a $124 million renovation plan from the St. Louis Convention and Visitors Commission, by Tuesday must present the commission with an […]

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Erik Nielsen, chief economist at UniCredit (), defended France’s honor in a note to clients, saying the financial press is being misleading about the nation’s debts.
Nielsen, in a note sent Wednesday, rebuts claims that a victory by socialist candidate Francois Hollande, the front-runner in the race to the Elysee Palace, would lead to financial […]

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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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A measure of future economic growth edged up last week to hold a seven-month high, while the annualized growth rate also improved, a research group said on Friday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 125.7 in the week ended March 16 from a […]

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Patrick Gideon, the chairman of Reliance Bancshares, has resigned from his positions as chairman and board member as a result of a dispute with the bank holding company’s board of directors.
Gideon joined Reliance’s board in 1999 and was named chairman less than a year ago, replacing longtime chairman and founder Jerry Von Rohr in April 2011. Gideon is […]

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A month after stepping down as Wind Capital Group LLC chairman, Tom Carnahan has sold his remaining stake in the company.
Ireland-based NTR Plc issued a statement Friday saying it had increased its stake in Wind Capital Group to 97 percent from 62 percent. But the company didn’t disclose terms of the transaction, or from whom […]

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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 […]

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Standard & Poor’s said Friday that it has downgraded the credit ratings of nine euro area governments, including AAA-rated France and Austria.
S&P lowered its rating for Italy, Spain, Portugal and Cyprus by two notches. The move means Italian bonds are now rated BBB+, dangerously close to the junk bond level that could make […]

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Kim Jong Un may relax state controls over North Korea

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