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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It took a while, but the Dow Jones industrial average finally gained back all its losses for the month.
On a day of conflicting signals, as investors weighed disappointing economic news against reports of higher profits at big companies, stocks inched higher. All three major indexes were up Friday, though barely.
The Dow climbed 23.69 points to […]

Filed under: debt, term by Finance Boss
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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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Japan

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Iran’s top nuclear negotiator says his country will offer “new initiatives” in talks this weekend with world powers.
The remarks by Saeed Jalili come ahead of the Saturday talks over Tehran’s controversial nuclear program with six countries, including the United States and five other world powers in Istanbul. It is the first time the two sides […]

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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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Molina Healthcare of Missouri plans to lay off 119 employees by June 1, according to a notice filed with the state’s Department of Economic Development.
The planned layoffs follow the company’s loss of managed care contracts for Medicaid patients.
Molina, a losing bidder, has an office in Creve Coeur. The company has filed a lawsuit against the […]

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The pace of growth in manufacturing picked up last month, but construction spending saw its largest drop in seven months in February, pointing to an economy that is healing gradually.
The Institute for Supply Management (ISM) said its index of national factory activity rose to 53.4 from 52.4 in February, topping economists’ expectations of 53.0.
It […]

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Hong Kong picks its new chief executive tomorrow, after a campaign marked by personal scandals, public discontent over a widening wealth gap and protests for greater democracy.
A 1,193-member committee of billionaires, including Hong Kong

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