Judge dismisses Missouri Medicaid lawsuit

A state court judge dismissed a lawsuit today that Molina Healthcare had filed in hopes of halting Missouri’s recent award of $1.1 billion in manged care contracts.
Molina, a losing bidder on the contracts, had accused state officials of violating Missouri’s competitive bidding law in awarding the Medicaid contracts on Feb. 17 to Clayton-based Centene Corp. […]

Lending cash to individuals looking for cash advance or payday loans.

Buy American revision reopens threat to Canadian economy

WASHINGTON

Payday loans no faxing fall on the less risky side simply because the money loaned to you is a percentage of your next paycheck.

Republicans shift burden to avoid defense cuts

Surprise! The budget battles are back.
In an effort to avoid cuts to defense spending, House Republicans are pushing a bill that would shift hundreds of billions in spending cuts from the Pentagon to domestic programs, services for the poor and government regulators.

The plan would strip regulators of the ability to wind down failing […]

Sarkozy Becomes First French President in 30 Years to Be Ousted - Bloomberg

Nicolas Sarkozy

Note to press: Stop picking on France

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 […]

Houston hotel owned by St. Louis’ Roberts brothers files for bankruptcy

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 […]

Dole recalls bagged salad for salmonella risk

Dole Food Co.’s fresh vegetables division is recalling 756 cases of bagged salad, because they could be contaminated with salmonella.
The salads were distributed in Alabama, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Mississippi, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia and Wisconsin.
Dole said late Saturday that it’s coordinating with regulatory officials and that no illnesses […]

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 […]

Boeing confident deal about to fly with Brazilian Air Force

A potential $4.3 billion deal between the Boeing’s defense unit and the Brazilian government that has bounced on and off the table for years is back in play.
And a Boeing Co. official said this week that the company expects to learn by June if it finished atop the process that has pitted aerospace makers from […]

China Accelerates Markets Opening as QFII Quota Doubles - Bloomberg

China accelerated the opening of its capital markets by more than doubling the amount foreigners can invest in stocks, bonds and bank deposits as the government shifts its growth model to domestic consumption from exports.
The China Securities Regulatory Commission increased the quotas for qualified foreign institutional investors to $80 billion from $30 billion, according […]