Brown Shoe reports fourth quarter loss, closure of Sikeston facility

Brown Shoe Co. said today that it’s closing a distribution facility in Sikeston, Mo., and 15 Famous Footwear stores.
The closures come as Clayton-based footwear company Brown Shoe announced fourth […]

More retirees can’t cover basic expenses

More than 9 million retired Americans don’t have enough money to cover basic living expenses, according to a new study.
Of the nearly 20 million older […]

China cuts bank reserve ratio to spur growth

China’s central bank will lower the ratio of funds that banks must hold as reserves in a move that frees tens of billions of dollars […]

Spain unemployment hitting nearly 1 of 4 workers

Spain’s brutal unemployment rate soared to nearly 23 percent Friday and closed in on 50 percent for those under age 25, leaving more than 5 […]

Roubini Sees

China

APNewsBreak: Suit challenges oil lease sale

Environmental groups challenged the first attempted auction of offshore petroleum leases in the western Gulf of Mexico since the Deepwater Horizon disaster in 2010, filing […]

Wage discrepancy and other musings on jobs, economy

QUOTE OF THE WEEK
“Without government intervention, we may well have high unemployment and social discord for years to come. … Probably the most important reasons […]

Sediment clog snarls St. Louis barge traffic

ST. LOUIS

Germany, Greece sign agreement to boost investment

Germany and Greece signed an agreement on Friday aimed at boosting investment in the debt-drowned country and getting its economy growing again .
German Economy Minister […]

IMF official retracts statement on bond purchases

In a dramatic turnaround, a senior official for the International Monetary Fund on Wednesday retracted an earlier comment that the IMF could intervene in bond […]