No deal yet on Porsche strategy: deputy chairman

The families that own Porsche SE have not yet agreed on a strategy to cut the automotive group’s debt and join forces with Volkswagen, […]

Financial plan sent to Congress

WASHINGTON — President Barack Obama’s administration on Tuesday sent Congress a detailed plan to create one of the most ambitious parts of the president’s […]

TSX closes higher on energy and financials

Strong buying interest in energy and financial stocks pushed the Toronto stock market to a solid gain Monday.
The S&P/TSX composite index closed up […]

InBev shocker hit city one year ago

One year ago today, St. Louis learned its premier corporation was "in play," as they say on Wall Street. In a flurry of late-afternoon […]

Brown Shoe swings to first-quarter loss on weak consumer spending

Brown Shoe Co. reported first-quarter results that beat its internal expectations but nevertheless illustrated the roughness of the economy.
The Clayton-based parent company […]

Fewer jobs, and now, cuts in pay

With nearly 14 million Americans unemployed, a growing number of people are competing for a dwindling number of job openings, allowing some employers to […]

Court okays Saab restructuring, sale seen soon

A Swedish local court on Monday granted General Motors’ loss-making unit Saab an extension of the period it is protected from creditors, giving it […]

Dollar falls after grim GDP data

The dollar edged down against major currencies Friday on poor U.S. economic data, weak equity markets and global banking concerns.
Government data showed the […]

Japan’s Consumer Sentiment Stays Near Record Low on Job Cuts

Japan’s consumer sentiment stayed near its lowest level in at least 26 years in January, indicating households are likely to keep cutting spending.
The […]

Microsoft plans to cut 5,000 jobs

SEATTLE — Microsoft Corp. will make the first mass layoffs in its 34-year history, cutting 5,000 jobs as demand for personal computers falls and […]