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'Bailout' Buffett risks a little to make a lot

Fri, 23 Jun 2017 06:45:00 -0500

Billionaire makes a fast $272 million paper profit by propping up Canada's struggling Home Capital.

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Total solar eclipse casts spotlight on rural Oregon town

Fri, 23 Jun 2017 06:31:23 -0500

MADRAS, Ore. (AP) — Just before sunrise, there's typically nothing atop Round Butte but the whistle of the wind and a panoramic view of Oregon's second-highest peak glowing pink in the faint light.

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Merkel to gather European G-20 participants next week

Fri, 23 Jun 2017 06:03:03 -0500

BERLIN (AP) — The German government says Chancellor Angela Merkel will host a meeting next week of European participants in the Group of 20 summit to prepare for the meeting of global powers in July.

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After May Brexit opening, EU leaders ask: where's the beef?

Fri, 23 Jun 2017 06:05:13 -0500

BRUSSELS (AP) — British Prime Minister Theresa May's show of goodwill at the European Union summit left the 27 other EU leaders with "thousands of questions" and eagerly awaiting a more detailed proposal on the future right of EU citizens…

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Meet the Man Who Makes $600 a Month Selling Crickets

Fri, 23 Jun 2017 05:30:38 -0500

When Jeff Neal's wife told him she wanted to quit her job to stay at home with their kids, he had to think about how to make one income work.

8 years after nationalization, Irish bank back in market

Fri, 23 Jun 2017 05:19:48 -0500

LONDON (AP) — The Irish government has sold 25 percent of Allied Irish Banks' shares, eight years after nationalizing the firm amid the financial crisis.

6 Brand Loyalty Programs That Are Actually Worth Joining

Fri, 23 Jun 2017 05:00:45 -0500

These brand loyalty programs are worth the extra emails.

Eurozone economy enjoyed 'best quarter in over 6 years'

Fri, 23 Jun 2017 04:48:42 -0500

LONDON (AP) — The economy of the 19-country eurozone has just enjoyed its best quarter for more than six years, according to a closely watched survey.

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12 Ways to Save at DSW

Fri, 23 Jun 2017 04:30:01 -0500

For anyone with a gold medal in shoe-shopping.

How Your Smartphone Can Help Pay for Itself

Fri, 23 Jun 2017 04:00:21 -0500

Turns out, there is a way to earn a small return for simply possessing and using a smartphone.

Swiss take action over insider trading, market manipulation

Fri, 23 Jun 2017 03:48:59 -0500

GENEVA (AP) — Switzerland's financial markets authority said Friday that it has taken action in two separate cases of insider trading and market manipulation, seizing millions of Swiss francs (dollars) of illegal profits and banning three traders from the industry.

EU leaders boost support for Libya to halt migrant exodus

Fri, 23 Jun 2017 03:32:07 -0500

BRUSSELS (AP) — European Union leaders are set Friday to boost their support for conflict-ravaged Libya as the number of people fleeing Africa from there for better lives in Europe continues to rise.

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Alaska lawmakers pass budget compromise to avert shutdown

Fri, 23 Jun 2017 03:21:58 -0500

JUNEAU, Alaska (AP) — The Alaska Legislature, motivated by the threat of a government shutdown, approved a plan late Thursday to fund state operations for another year.

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The Latest: Walker urges action on Alaska's oil tax credits

Fri, 23 Jun 2017 02:53:34 -0500

JUNEAU, Alaska (AP) — The Latest on the Alaska special legislative session (all times local):

Advancing St. Louis:Yemi S. Akande-Bartsch, Ph.D. of FOCUS St. Louis

Fri, 23 Jun 2017 01:00:00 -0500

FOCUS St. Louis prepares a diverse base of leaders to work cooperatively for a thriving St. Louis region through their experience-based leadership training, civic issue education and public engagement initiatives. Dr. Yemi S. Akande-Bartsch brings 15 years of experience in…

China tightens online video controls, jolting investors

Fri, 23 Jun 2017 00:54:50 -0500

BEIJING (AP) — Three popular Chinese internet services have been ordered to stop streaming video after censors complained it contained improper comments on sensitive issues. The move prompted a sell-off in the U.S.-traded shares of Sina Corp. and its microblog…

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Business Calendar

Fri, 23 Jun 2017 00:15:00 -0500


Business Bulletin Board

Fri, 23 Jun 2017 00:15:00 -0500


Bryant named United Way VP

Fri, 23 Jun 2017 00:15:00 -0500

United Way of Greater St. Louis selected Ed Bryant as vice president of stakeholder engagement.

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Remiger Design completes interior renovation at Wash U's Jolley Hall

Fri, 23 Jun 2017 00:15:00 -0500

Remiger Design completed the interior renovation and reconfiguration of Harold D. Jolley Hall at Washington University.

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Chinese automaker buys stake in Malaysia's Proton

Fri, 23 Jun 2017 00:12:59 -0500

KUALA LUMPUR, Malaysia (AP) — The Chinese owner of Sweden's Volvo Cars will inject $40 million into Malaysia's Proton as part of its purchase of a key stake in the automaker, an executive of the Malaysian company said Friday.

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Governors wary of Medicaid cost shift in Senate health bill

Thu, 22 Jun 2017 23:30:54 -0500

COLUMBUS, Ohio (AP) — Governors in several states that opted to expand Medicaid under former President Barack Obama's health care law are wary of the Senate Republican plan to end the added federal funding for it within seven years.

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Bill would give preference to Maine, US companies

Thu, 22 Jun 2017 23:12:09 -0500

AUGUSTA, Maine (AP) — A Democratic senator's bill to give preference to Maine and U.S. companies in state contracts is receiving support in the Senate.

Rolling sequoia: Idaho tree tied to John Muir set for move

Thu, 22 Jun 2017 20:08:35 -0500

BOISE, Idaho (AP) — Not very often does a 10-story-tall, 800,000-pound landmark change locations. Especially one that's alive.

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Britax recalls over 207K infant seats due to choking hazard

Thu, 22 Jun 2017 17:46:17 -0500

DETROIT (AP) — Britax Child Safety is recalling over 207,000 rear-facing infant car seats because part of a clip can break and cause a choking hazard.

Clash at Canadian-owned mine in Suriname leaves 4 injured

Thu, 22 Jun 2017 17:20:31 -0500

PARAMARIBO, Suriname (AP) — A gold mine in Suriname that is majority-owned by a Canadian company says four people were injured when independent miners tried to occupy a portion of its concession in the South American company.

Oracle, American Airlines gain; Steelcase, Accenture fall

Thu, 22 Jun 2017 17:12:39 -0500

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:

Airbnb to collect room tax in Puerto Rico for government

Thu, 22 Jun 2017 17:11:30 -0500

SAN JUAN, Puerto Rico (AP) — Puerto Rico signed a deal with Airbnb on Thursday under which the company will collect the room tax from hosts on the island and turn the revenue over to the U.S. territory's government, which…

Fed: Biggest US banks strong enough to withstand recession

Thu, 22 Jun 2017 17:07:33 -0500

WASHINGTON (AP) — All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday.

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Business Highlights

Thu, 22 Jun 2017 16:57:09 -0500


FDA approves quicker-to-administer drug for blood cancers

Thu, 22 Jun 2017 16:48:08 -0500

U.S. regulators have approved a more convenient version of a blockbuster drug for treating three common blood cancers.

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Scientist gets time served for theft of military documents

Thu, 22 Jun 2017 16:49:49 -0500

HARTFORD, Conn. (AP) — A scientist who pleaded guilty to taking sensitive documents from a Connecticut military contractor to his native China was sentenced on Thursday to 2 1/2 years in prison he has already served.

Government ends oversight of GM related to defective part

Thu, 22 Jun 2017 16:40:03 -0500

DETROIT (AP) — General Motors Co. is no longer under government supervision stemming from its defective ignition switches.

Lawsuits complain that 2x4s, other boards don't measure up

Thu, 22 Jun 2017 16:29:09 -0500

MILWAUKEE (AP) — The 2x4 and 4x4 boards used in the framework of most homes and wood fences just don't measure up to the dimensions in their names.

Lawsuits complain that 2x4s, other boards don't measure up

Thu, 22 Jun 2017 16:29:09 -0500

MILWAUKEE (AP) — The 2x4 and 4x4 boards used in the framework of most homes and wood fences just don't measure up to the dimensions in their names.

Senate GOP health bill: Tax cuts for rich

Thu, 22 Jun 2017 16:29:08 -0500

WASHINGTON (AP) — Senate Republicans' new health bill cuts taxes by nearly $1 trillion over the next decade, mostly for corporations and the richest families in America.

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Sanford, clinic work to merge but move is contested

Thu, 22 Jun 2017 16:24:54 -0500

BISMARCK, N.D. (AP) — Sanford Health is on the verge of absorbing another health care provider in the Dakotas, though the move is being contested in federal court.

Ryan backs Russia sanctions; Dems say GOP delaying for Trump

Thu, 22 Jun 2017 16:16:20 -0500

WASHINGTON (AP) — Speaker Paul Ryan is expressing support for a popular bill that would hit Iran and Russia with new sanctions amid Democratic criticism that House Republicans are stalling for time to weaken the penalties at the Trump administration's…

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Siemens joins with University of S Carolina aerospace center

Thu, 22 Jun 2017 16:05:30 -0500

COLUMBIA, S.C. (AP) — Siemens Corp. is joining with the University of South Carolina to provide students access to an estimated $628 million worth of the latest technology.

New Hampshire Legislature approves $11.7 billion budget deal

Thu, 22 Jun 2017 15:45:14 -0500

CONCORD, N.H. (AP) — Once-divided Republicans pulled together to approve an $11.7 billion two-year state budget on Thursday over the objections of Democrats who complained that the plan cut taxes for businesses while leaving too many others in need.

Holocaust survivor wins gender base case against El Al

Thu, 22 Jun 2017 15:37:23 -0500

JERUSALEM (AP) — An advocacy group said Thursday that it has won a case against Israel's national airline that will make it illegal to ask females passengers to move their seats at the request of ultra-Orthodox males.

The Latest: Sanford, Mid Dakota Clinic merger contested

Thu, 22 Jun 2017 15:28:27 -0500

BISMARCK, N.D. (AP) — The Latest on the proposed merger of Sanford Health and Mid Dakota Clinic (all times local):

Rexnord's Indianapolis plant closing delayed until September

Thu, 22 Jun 2017 15:08:31 -0500

INDIANAPOLIS (AP) — A union official says Rexnord Corp. has delayed the closing of its Indianapolis industrial bearings plant until September after previously planning to shutter the factory this month.

Detroit land bank, state officials settle demolition probe

Thu, 22 Jun 2017 14:53:33 -0500

DETROIT (AP) — Detroit's land bank will pay Michigan housing officials $5 million as part of a settlement over invoices submitted for repayment as part of the city's demolition program.

BC-Cash Prices, 1st Ld-Writethru,0342

Thu, 22 Jun 2017 14:31:37 -0500

NEW YORK (AP) — Wholesale cash prices Thursday

BC-Cash Prices, 1st Ld-Writethru,0342

Thu, 22 Jun 2017 14:31:36 -0500

NEW YORK (AP) — Wholesale cash prices Thursday

Fall hearings set as Duke Energy seeks 15 percent rate hike

Thu, 22 Jun 2017 14:15:12 -0500

RALEIGH, N.C. (AP) — Utilities regulators plan to hear from consumers and experts this fall about whether to allow a 15 percent increase in the electricity bills of 1.3 million North Carolina customers.

Buffett's company lends $1.5B to Home Capital, invests $300M

Thu, 22 Jun 2017 14:09:59 -0500

OMAHA, Neb. (AP) — Warren Buffett's company is lending $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender's stock.

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Fund manager Q&A: Global infrastructure funds

Thu, 22 Jun 2017 13:16:57 -0500

The prospect of a big federal government ramp-up in infrastructure spending has helped lift shares in companies that may play a role in overhauling the nation's crumbling roads, bridges, and airports.

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Boeing cutting fewer than 200 jobs in South Carolina

Thu, 22 Jun 2017 12:58:59 -0500

NORTH CHARLESTON, S.C. (AP) — Boeing Co. says it's eliminating some jobs at its 787 Dreamliner plant in South Carolina.

$120 million fine proposed for travel-deal robocalls

Thu, 22 Jun 2017 12:31:13 -0500

NEW YORK (AP) — The Federal Communications Commission is proposing a $120 million fine for a scheme that appeared to trick consumers into buying vacation packages that were not what they had expected.

Tesla in talks to open a factory in China

Thu, 22 Jun 2017 11:53:04 -0500

DETROIT (AP) — Tesla is talking to the city of Shanghai about opening a factory there to serve the Chinese market.

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Hain Celestial says accounting review reveals no changes

Thu, 22 Jun 2017 11:37:01 -0500

NEW YORK (AP) — Hain Celestial said Thursday that a nearly year-long accounting review has concluded that the organic food maker doesn't need to make any major changes to its past financial reports.

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Coal company sues HBO's John Oliver for defamation

Thu, 22 Jun 2017 11:17:42 -0500

NEW YORK (AP) — Coal company Murray Energy has sued HBO and its Sunday-night host, John Oliver, for what it says was a "false and malicious broadcast" last Sunday evening. It's seeking financial damages and a court order barring rebroadcasts…

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A new platform for Whole Foods? How deal could upend grocery

Thu, 22 Jun 2017 11:08:04 -0500

NEW YORK (AP) — Seeing Whole Foods products first in Amazon searches? Breezing through the grocer's stores with an app that scans affordable fruits and seafood?

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4 Iowa cities targeted because of fireworks restrictions

Thu, 22 Jun 2017 10:57:01 -0500

DES MOINES, Iowa (AP) — A Nebraska company is suing to try to stop four Iowa cities from restricting fireworks sales.

Bills sent to Snyder would speed tax cut for car trade-ins

Thu, 22 Jun 2017 10:51:18 -0500

LANSING, Mich. (AP) — Bills sent to Gov. Rick Snyder on Thursday would accelerate a tax cut for people who trade in their vehicle when buying a new one in Michigan.

Man pleads guilty to reselling $4M of stolen goods

Thu, 22 Jun 2017 10:25:41 -0500

HARTFORD, Conn. (AP) — A Connecticut man has pleaded guilty to reselling stolen items in a large-scale fencing scheme that prosecutors say cost retailers nearly $4 million.

Honolulu officials work to curb bustling sublease tactics

Thu, 22 Jun 2017 10:09:09 -0500

HONOLULU (AP) — Officials on the Hawaii island of Oahu are looking for ways to cut down on subleasing as its popularity rises with the advent of businesses such as Airbnb.

Senate Republicans unveil health care bill scuttling Obama law, cuts Medicaid, slashes taxes for wealthy

Thu, 22 Jun 2017 09:48:03 -0500

WASHINGTON (AP) — Senate Republicans unveil health care bill scuttling Obama law, cuts Medicaid, slashes taxes for wealthy.

Foxconn founder: US expansion might top $10 billion

Thu, 22 Jun 2017 09:51:42 -0500

TAIPEI, Taiwan (AP) — The chairman of Taiwanese electronics giant Foxconn said Thursday it may spend more than $10 billion to set up manufacturing in the United States, and will announce investment plans by early August for at least three…

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Are you cut out for a work-from-home job?

Thu, 22 Jun 2017 09:32:13 -0500

Telecommuting has become synonymous with convenience, flexible schedules and, yes, pajamas. You don't have to commute, spend money on transportation or dress up. But despite the appeal and laid-back reputation, there are challenges.

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Long-term U.S. mortgage rates slip this week

Thu, 22 Jun 2017 09:25:00 -0500

The benchmark 30-year, fixed-rate mortgage averaged 3.90 percent, down from 3.91 percent last week.

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Grain lower, livestock lower

Thu, 22 Jun 2017 09:19:55 -0500

CHICAGO (AP) — Grain futures were lower Thursday in early trading on the Chicago Board of Trade.

Suit blames transport firm for injuries of Medi-Cal patients

Thu, 22 Jun 2017 08:57:52 -0500

LOS ANGELES (AP) — A lawsuit contends Los Angeles County Medi-Cal patients missed dialysis treatments, suffered injuries when their wheelchairs or scooters weren't secured in vans and endured insults by drivers paid to take them to medical appointments.

Electric vehicle maker to buy AM General plant in Indiana

Thu, 22 Jun 2017 08:30:35 -0500

SOUTH BEND, Ind. (AP) — An electric vehicle manufacturer plans to buy an AM General assembly plant in northern Indiana and invest $30 million in upgrades at the facility.

Applications for US unemployment aid rise to still-low 241,000, a sign of healthy job market

Thu, 22 Jun 2017 07:31:48 -0500

WASHINGTON (AP) — Applications for US unemployment aid rise to still-low 241,000, a sign of healthy job market.

Oil prices rebound modestly but concerns remain

Thu, 22 Jun 2017 07:13:57 -0500

LONDON (AP) — Oil prices recovered their poise Thursday after slumping to 10-month lows on concerns of a glut in the market. However, concerns about the outlook remain and they weighed on a number of oil stocks in Europe.

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Boeing beats Airbus in order race at Paris show

Thu, 22 Jun 2017 07:04:03 -0500

PARIS (AP) — Boeing flew past Airbus in the race for plane orders at this year's Paris Air Show, thanks to a surge in interest in the newest version of the 737.

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The Best Investment for Your Lump Sum

Thu, 22 Jun 2017 05:30:25 -0500

Whether your lump sum arrived as a tax return, a bonus, an inheritance or a larger-than-expected gift, here are some suggestions for what to do with it.

AP Newsbreak: US, EU urge China to limit food import control

Thu, 22 Jun 2017 05:21:29 -0500

BEIJING (AP) — Food exporters including the United States and European Union are stepping up pressure on China to scale back plans for intensive inspections of imports that they say would hamper access to its fast-growing market.

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AAA: More than 1.48M from Michigan to travel for July 4

Thu, 22 Jun 2017 04:55:27 -0500

DEARBORN, Mich. (AP) — AAA says it expects more than 1.48 million people from Michigan to travel at least 50 miles (80 kilometers) from home for the July 4th weekend.

Food exporters including U.S., EU press China to suspend inspection rules they say will hamper trade

Thu, 22 Jun 2017 04:35:15 -0500

BEIJING (AP) — Food exporters including U.S., EU press China to suspend inspection rules they say will hamper trade.