http://financeintime.com Finance and Business Fri, 03 Feb 2012 23:44:01 +0000 http://backend.userland.com/rss092 en The St. Louis region is set to have its newest public company debut. Post Holdings Inc., the branded cereal business unit of Ralcorp Holdings, will be spun off as a separate publicly traded company after markets close Friday. The spinoff was announced last July. After the close of trading Friday, Post will ... http://financeintime.com/post-cereal-spinoff-set-for-friday/ Markets took a breather on Thursday, following solid gains in the previous session, as investors positioned themselves for crucial U.S. jobs data that often set the tone for a week or two after their release. A recent run of solid U.S. economic news has reinforced hopes that Friday's nonfarm payrolls ... http://financeintime.com/markets-take-breather-ahead-of-us-jobs-data/ Drugmaker Eli Lilly and Co.'s net income tumbled 27 percent in the last quarter of 2011 as the loss of a key patent protecting its top-seller Zyprexa hurt revenue, but the performance still topped Wall Street expectations. Lilly lost U.S. patent protection in October for Zyprexa, an antipsychotic that generated ... http://financeintime.com/lilly-4q-profit-falls-27-pct-hurt-by-patent-loss/ Small business payrolls grew at a slower rate in January and wages fell, an independent survey showed on Monday, suggesting the pace of overall job growth moderated after December's sturdy gain. Small businesses added 50,000 jobs, payrolls processing firm Intuit said, compared with a gain of 60,000 in ... http://financeintime.com/small-business-hiring-slows-wages-dip-in-january/ Developing countries seeking to raise their standards of living should focus on educating girls, former U.S. Treasury Secretary Larry Summers said. http://financeintime.com/summers-developing-nations-should-educate-girls-bloomberg/ Ben S. Bernanke laid the groundwork for a third round of large-scale asset purchases should unemployment remain higher than the Federal Reserve would like while inflation falls below a newly-established target. The Federal Open Market Committee http://financeintime.com/bernanke-makes-case-for-more-bond-buying-bloomberg/ Japan marked its first trade deficit since 1980, a 2.49 trillion yen ($32 billion) shortfall for 2011 caused in part by last year's tsunami and the rising value of the yen, the Finance Ministry said Wednesday. Government data released Wednesday said the value of Japan's exports fell 2.7 percent to ... http://financeintime.com/japan-announces-first-trade-deficit-since-1980/ Spain http://financeintime.com/spanish-economy-is-poised-to-shrink-15-this-year-central-bank-forecasts-bloomberg/ The European Medicines Agency is investigating a multiple sclerosis drug made by Novartis after at least 11 patients taking the drug died. The drug, Gilenya, was licensed last year in the European Union to treat patients with a severe type of multiple sclerosis. The deaths raise concerns Gilenya could trigger ... http://financeintime.com/novartis-drug-studied-possible-ties-to-deaths/ New jobless claims drop • The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening. Applications fell 50,000, the biggest drop in the seasonally adjusted figure in more than six years, the ... http://financeintime.com/business-news-briefs/