German investor buys foreclosed hotel note for half off

A German investor bought the distressed note on a Lauderdale-by-the-Sea hotel and apartment property for less than half of the bank’s foreclosure judgment.
Ptolsemaios Property paid […]

Three Rivers Systems relocates

Three Rivers Systems Inc., a maker of campus administrative software systems, has moved to new offices in Ellisville.
The site was bought and renovated to expand […]

Monsanto, law firms, sued for shortchanging Medicare

WASHINGTON — Monsanto Co., Pfizer Inc. and Solutia Inc. failed to reimburse Medicare for health services provided to individuals who won a $300 million […]

CIBC net income rises in fourth quarter

CIBC saw its profits and revenues rise in its latest quarter despite the recession, the bank said today.
Canadian Imperial Bank of Commerce reported net income […]

Program allows partial unemployment benefit

Missouri wants more employers to take advantage of an existing state program that allows workers whose hours have been cut to draw partial unemployment […]

Citi rejects Terra Firma’s latest bid to save EMI: report

Citigroup Inc recently rejected a proposal from Guy Hands’ private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI […]

China’s record debt has economists worried

In a world still awash in economic worry, China has stood apart as the one country that has come through the global slump with […]

Time Warner Cable quarterly profit falls

Time Warner Cable Inc posted a third quarter profit that beat expectations, as growth in sales of voice and Internet services overshadowed a decline […]

State jobless picture brightens a little

Fewer states posted an increase in unemployment in September, even as the national rate recently hit a 26-year high of 9.8%.
Jobless rates increased in […]

Dow can’t hold 10,000

Stocks slumped Friday, at the end of an upbeat week on Wall Street, as a sour response to General Electric and Bank of America’s […]