Two St. Charles County developers admit mortgage fraud

ST. LOUISĀ 

Late-day rally sends stocks higher; Dow rises 143

Stocks are closing higher after another day of big swings.
Investors struggled to make sense of mixed economic reports Thursday. First-time applications for unemployment benefits fell and the government raised its estimate of economic growth in the April-June period. But a survey showed that chief executives of the nation’s largest companies are more pessimistic than they […]

Calls rise for global focus on creating jobs

World governments must not let their focus on spending cuts keep them from creating jobs that will be a key part of economic recovery, an international group of experts warned on Monday.
The Organization for Economic Cooperation and Development and the International Labor Organization say government support for the unemployed _ both with subsidies and job […]

Stocks mixed ahead of Fed statement

Stocks shifted between small gains and losses Wednesday morning as traders tried to anticipate what steps the Federal Reserve might take to stimulate the U.S. economy.
Concerns that Greece could fail to qualify for fresh bailout funds kept gains muted.
The Federal Reserve expects to announce the results of the central bank’s two-day policy meeting Wednesday afternoon.
Some […]

Asian stocks rise on hopes Greece won’t default

Reassuring words from European leaders aimed at calming markets roiled by the continent’s sovereign debt fears helped boost Asian markets in early trading Thursday.
German Chancellor Angela Merkel and French President Nicolas Sarkozy pledged in an emergency teleconference on Wednesday night with that they would help Greece avoid a debt default. For his part, Greek Prime […]

Bigger pensions better performers

Bigger is better, at least when it comes to pension funds.
The largest— funds with $37 billion in assets on average — outperformed smaller plans — with an average of $1 billion — by 45 to 50 basis points, or 0.4 per cent each year, according to a new study.
Researchers at the University of Toronto’s Rotman […]

IBM putting Watson to work in health insurance

WHITE PLAINS, N.Y.

Ask the Expert: Susan Noeth: director of client solutions Sitton Construction Group

What can building owners do to stretch their capital budgets?
Many organizations, both public and private, have experienced decreased funding over the past few years due to the many factors stemming from the bad economy. It is important to know there are ways to reduce costs when undertaking construction projects, regardless of whether it is a […]

After bumpy August, economy shows signs of growth

August began with rising fears that another recession was about to hit. That was then.
A month later, the economy and the stock market appear more resilient, suggesting that consumers, businesses and investors remain confident enough to keep spending.
A more authoritative test will come Friday, when the government issues the August jobs report. Employers are expected […]

Venezuela’s Chavez may undergo more chemotherapy

Venezuelan President Hugo Chavez said Wednesday that he may undergo another round of chemotherapy next week.
Chavez said he feels he is overcoming his illness. When he mentioned cancer, he described it in the past tense saying: “I had it.”
The 57-year-old Venezuelan leader recently shaved his head after his hair began to fall out as a […]