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Business

Company continued to sell tainted ingredient after finding salmonella, FDA inspectors say

KTVI Business News - 1 hour 17 min ago
WASHINGTON (AP) — The company responsible for a ballooning recall of processed foods continued to manufacture and distribute a flavor-enhancing ingredient for a month after tests confirmed it was made with contaminated equipment, according to a Food and Drug Administration report.
Categories: Business

OPEC boosts 2010 oil demand forecast by 100,000 b/d, ties growth to global recovery

KTVI Business News - 1 hour 17 min ago
CAIRO (AP) — World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said Wednesday, revising up its previous month's forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in the United States.
Categories: Business

Germany's Daimler trucks sees turnaround, forecasts 2010 operating profit of $272 million

KTVI Business News - 1 hour 25 min ago
FRANKFURT (AP) — German car and truckmaker Daimler AG says it expects a turnaround in the global truck market and an improvement in the truck division's 2010 earnings before interest and taxes.
Categories: Business

Terra says it favors CF acquisition bid, gives termination to Norwegian company Yara

KTVI Business News - 1 hour 29 min ago
NEW YORK (AP) — Fertilizer company Terra Industries said Wednesday its board favors a bid to be acquired by CF Industries instead of a previous agreement with Norway's Yara.
Categories: Business

Bank of America to stop allowing overdrafts with debit cards ahead of new rules on fees

KTVI Business News - 1 hour 47 min ago
NEW YORK (AP) — Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
Categories: Business

General Growth to get $3.9B in new funding

St. Louis Business Journal - 1 hour 49 min ago
General Growth Properties Inc., owner of the Saint Louis Galleria, has received proposals to receive an additional $3.9 billion from two separate investment firms, an infusion of capital the company hopes will help speed its reemergence from Chapter 11 bankruptcy protection. (GGP) (SPG)
Categories: Business

Guarded optimism on job recovery

STLtoday.com Business - 1 hour 49 min ago
Still, Illinois reports another increase in unemployment rate.
Categories: Business

Missouri American Water offering grants up to $10,000

St. Louis Business Journal - 1 hour 53 min ago
Missouri American Water will make grants up to $10,000 to support environmental projects that improve, restore or protect watersheds and drinking water supplies. (AWK)
Categories: Business

German publisher Axel Springer 2009 net income falls 45 percent to $427 million

KTVI Business News - 2 hours 4 min ago
FRANKFURT (AP) — German publisher Axel Springer AG said Wednesday that net income fell 45 percent in 2009 to euro314 million ($427 million), with a drop in demand for newspapers and magazines mitigated only partially by new Internet revenues.
Categories: Business

Science Applications receives Navy contract worth up to $625 million to develop software

KTVI Business News - 2 hours 6 min ago
MCLEAN, Va. (AP) — Defense contractor Science Applications International Corp., or SAIC Inc., on Wednesday said it received a contract from the U.S. Navy to develop and enhance command and control software.
Categories: Business

NY police probe Toyota Prius crash; driver says accelerator stuck, was not seriously injured

KTVI Business News - 2 hours 16 min ago
HARRISON, N.Y. (AP) — The driver of a Toyota Prius told police in suburban New York that her car accelerated on its own, then lurched down a driveway, across a road and into a stone wall.
Categories: Business

Current weather

St. Louis

Scattered clouds
  • Scattered clouds
  • Temperature: 62.6 °F
  • Wind: Southwest, 9.2 mph
  • Pressure: 1003 hPa
  • Rel. Humidity: 59%
  • Visibility: 10 miles
  • Sunrise: 12:22 GMT
  • Sunset: 0:02 GMT
Reported on:
Wed, 03/10/2010 - 10:51am

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