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Business

Federal Reserve suggests it's closer to slowing bond purchases

The Fed's bond purchases have helped keep long-term interest rates at record lows. A pullback in the Fed's purchases would likely lead to higher rates on mortgages and other consumer and business loans.

World Food Prize goes to Monsanto executive, 2 other biotech scientists

Robert Fraley, chief technology officer at Monsanto, genetically engineered the first herbicide-resistant soybean in 1996. The prize is backed by Monsanto and other agribusiness giants.

Broadway hotel, Short Street projects expected to finish by September

Downtown business owners have had to cope with construction of a new hotel at the east end of Broadway. Despite the short-term issues, business owners are optimistic about the traffic it will bring to the area. 

Wake-up call: Starbucks to post calorie counts on menus

Starbucks Corp. and other large fast food chains are posting calorie information on menus before a new Food and Drug Administration regulation takes effect June 25.

Layoffs at Columbia IBM facility could lead to reduction in tax incentives

Under one of several state tax incentives from the Missouri Department of Economic Development, IBM was required to create 600 jobs within three years.

IBM restructuring leads to layoffs nationwide, as well as in Columbia

Reports indicate some Columbia workers have lost their jobs.

Monsanto calls modified wheat an isolated occurrence

Representatives for St. Louis-based Monsanto Co. said during a conference call that the emergence of the genetically modified strain was an isolated occurrence.

Enterprise names MU grad as first CEO outside Taylor family

Pamela Nicholson, the new CEO of the St. Louis company, began at Enterprise as a management trainee in 1981 after graduating from MU.

State Farm spokesman deployed to Oklahoma to assess tornado damage

Jim Camoriano, a Columbia-based State Farm spokesman, is working in Oklahoma to help policyholders file claims for cars and homes.

Wal-Mart pleads guilty in hazardous waste case, will pay $86.1 million

Wal-Mart Stores Inc. pleaded guilty in federal court to improperly disposing of fertilizer, pesticides and other hazardous products. The $81.6 million fines will be used in part to fund projects to help the environment.

DEA disagrees with Missouri company's meth-resistant claims

The Drug Enforcement Administration says chemists were able to produce meth with the product Zephrex-D despite a pharmaceutical company's claims that it could not be used for that purpose.

Economic gains boost US confidence to 5-year high

Consumer confidence has climbed to the highest level since February 2008, two months after the beginning of the Great Recession.

American Airlines will favor passengers without roller bags for boarding

Passengers carying small personal items such as backpacks or purses instead of rolling suitcases will be allowed to board before most other passengers.

Google unveils $10-a-month 'All Access' music plan

Google also announced expansions to its game services and tools for coders at its annual software developers' conference in San Francisco.

At Pendulum Bob's in Columbia, old clocks keep ticking

At Pendulum Bob's Clock Shop, the only large clock repair shop in mid-Missouri, Bob King examines clocks handcrafted as early as the 1830s and brings broken parts back to life.

In MU class, future heads of family farms dig into financials

Students in agricultural economist Kevin Moore's Returning to the Farm class at MU create business plans using financial information from their own family farms.

Columbia's new Frequency Coffee seeks to tap single-brew trend

Frequency Coffee, set to open in downtown Columbia in early June, intends to brew each and every cup of coffee by hand.

Columbia College to host panel discussion to educate local entrepreneurs

The free event will take place at 5:30 p.m. Thursday at Launer Auditorium. For those who cannot attend, the panel will be streamed live on a website hosted by the college.

Meat smoker catches fire at Buckingham Smokehouse Bar-B-Q

The barbecue pit room at Buckingham Smokehouse Bar-B-Q in Columbia caught fire Monday just before 4 p.m. The fire was contained to the brick room, though smoke was seen inside the restaurant.

What is it like to shop at Lucky's Farmers Market?

Lucky's Farmers Market announced that the store is planning to come to the former Osco Building this fall. The Missourian took a look at the reviews of the store's location in Boulder, Colo., and also found some information about current pricing at that store in comparison to other Boulder markets.

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