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Business

Boston Globe union votes against pay, benefit cuts

In a statement released after the vote, representatives for the Globe said they were disappointed with the outcome and had no "financially viable alternative" but to declare an impasse and impose the deeper wage cut to achieve the necessary savings.

High court delays Chrysler sale to Fiat

Supreme Court Justice Ruth Bader Ginsburg issued an order to delay the sale, which Fiat might back out of if the sale is not completed by June 15.

GM to cut Wentzville production in early August

The General Motors Corp. plant in Wentzville, Mo., will go from two shifts to one shift in early August. About 900 workers will be laid off.

Apple drops price of least expensive iPhone to $99

Two new iPhones will be available on June 19. Apple hopes the newer models will sell even though they will be more expensive than the original model, which is dropping to $99.

Chrysler dealers scramble to unload vehicles

Dealers terminated by Chrysler have been busy clearing their lots. Some are in court arguing that dropping them won't save the company much money.

Ailing health insurers press for individual coverage

With high premiums and the economic downturn pushing customers away, and with many of the nation's baby boomers preparing to switch over to Medicare, the U.S. health insurance industry is looking for new ways to stay profitable.

Columbia's economic development aims at growing existing businesses

City Manager Bill Watkins' presentation on economic development stressed the need for coordination to avoid missing opportunities to attract new jobs.

Water and Light rebate plan could save utility costs

The city offers rebate programs for those who wish to make their building more energy-efficient. Water and Light will add nearly $1 million toward general improvements and increased incentives on top of its $1.4 million already in use.

Some workers work harder with layoffs looming

The increased possibility of being laid off has caused some workers to secure their jobs by taking on more duties and longer hours.

Boone County Commission unanimously approves Route Z rezoning

The classification of the area was changed from agricultural to light industrial in the hopes of attracting businesses to the region. While local business leaders, such as the Columbia Area Jobs Foundation, supported the measure, area residents expressed concern over the change for a variety of reasons.

ANALYSIS: Obama eager to relinquish control after GM recovers

Although President Barack Obama declares he has no interest in running GM, letting go of the reins may prove difficult.

House GOP opposing new line of credit for IMF; bill includes Boeing cargo planes

House Republicans are set to oppose a $98.8 billion war-funding bill that includes money for eight cargo planes, a top priority of the Boeing Co.

GM files for bankruptcy, causes local economy concern

Columbia customers and car dealers ponder the economic consequences of GM's recent file for bankruptcy, the fourth-largest in U.S. history.

$2 million in loans now available to Missouri small businesses

Owners of Missouri small businesses with five or fewer employees are eligible for between $2,500 and $25,000.

GM plants in Missouri and Kansas evade closure

General Motors declared bankruptcy Monday, but the company will not close plants in Kansas City, Kan., and Wentzville.

Court denies Monsanto injunction on German ban

Last month, the sale and planting of the genetically engineered corn was banned after Agriculture Minister Isle Aigner cited a study that the corn poses an environmental danger.

Developer resubmits Richland Road proposal

After completing an initial draft of a development agreement, David Atkins' Richland Road development proposal is beginning the annexation process once again.

Legislation would clamp down on TDDs

Proposed legislation requiring TDDs to be overseen by the state revenue department is likely to be passed, but its details are still under scrutiny.

Global milk glut squeezes dairy farmers, consumers

After the global recession, U.S. farmers were left with too much milk and too many cows. Many are still paying more to maintain a herd than they are paid by processors for their raw milk.

Columbia commission approves Farmers' Market Pavilion

The Columbia Planning and Zoning Commission on Thursday unanimously approved Sustainable Farmers & Communities Inc.'s development plans for an "eco-friendly" Farmers' Market Pavilion. The City Council is scheduled to vote on the plans June 15.

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