Alton Telegraph gets new owner

A private equity firm with interests in clothing, parking lots, steakhouses and other businesses will be the new owner of The Telegraph, the newspaper that has served the Alton area since 1836.
Sale of The Telegraph by Freedom Communications to an arm of Versa Capital Management is part of a four-newspaper deal the companies announced Thursday. […]

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Chesterfield outlet mall race still up for grabs

Everyone seems to agree that only one outlet mall will be built in Chesterfield.
But exactly which one is anybody’s guess.
Two major developers have been angling for months to build an outlet mall along Highway 40 on sites less than five miles apart.
The fierce competition took on the feel of a tennis match last week, with […]

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Asia stocks rise on US recovery, weaker yen

Asian stock markets inched higher Monday as good news about the U.S. economy helped to maintain enthusiasm for riskier assets while a weaker yen improved the outlook for some of Japan’s companies.
The Nikkei 225 index in Tokyo continued its recent upward march, adding 0.2 percent to 10,146.64. The Nikkei has risen four sessions in a […]

Zynga posts loss on pricey stock compensation costs

In its first financial report as a public company, Zynga edged past analysts’ expectations but posted a loss thanks to its large stock-based compensation expenses.
The casual gaming pioneer, best known for its -Ville franchises like FarmVille, reported sales of $311 million for the quarter ended Dec. 31. Excluding stock compensation costs, Zynga had net […]

Bernanke Moves Fed Toward More Openness - Bloomberg

Ben S. Bernanke achieved one of his primary goals as Federal Reserve chairman yesterday by setting a numeric goal for inflation, advancing his legacy of greater transparency at the world

Ralcorp, Post announce new board lineups

Ralcorp Holdings and Post Holdings, the branded cereal business that’s being spun off as a separate company, announced the lineup of each company’s board of directors.
The board appointments are effective when the spin-off of Post is finalized, which is expected to occur at the end of this month.
The new configuration of St. Louis-based Ralcorp’s board […]

Italy again pays more to borrow

Italy paid sharply higher borrowing rates in an auction that raised euro567 million ($750 million), as markets continued to pressure the eurozone’s third largest economy to come up with reforms urgently.
Yields on 12-year bonds skyrocketed to 7.20 percent, a full 2.7 percentage points higher than last month.
While there were enough bids to cover the maximum […]

US stocks edge down as investors weigh jobs, Spain

Stocks are opening slightly lower as investors balance spiking bond yields in Spain with signs of growth in the U.S. economy.
An auction of 10-year bonds in Spain left the country paying interest rates of nearly 7 percent. That is the highest rate since 1997 and a level that economists see as unsustainable.
In the U.S., applications […]

Collectibles market has been hit hard

The economic downturn hit the collectibles market hard.
Prices tumbled and many collectible items were not even put up for sale because owners who had purchased them during the price run-up feared offers would be too low. Many potential buyers were too shell-shocked to make any financial moves of any kind.
Only now, as investors thrash about […]

Surveys show slow growth in China manufacturing

Surveys show China’s manufacturing remained sluggish in October, with a government industry group reporting the slowest growth in nearly three years.
The China Federation of Logistics and Purchasing said Tuesday that its monthly purchasing managers index fell an unexpectedly large 0.8 percentage point to 50.4, just above the 50-level that signifies expansion.
It forecast the economy would […]