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Business

AIG planning to pay out millions in bonuses

Insurance firm's chief cites "grave concerns" about retaining talented employees as a reason to keep corporate bonuses.

Sprint shareholder sues over Nextel buy

A shareholder says Sprint's purchase of Nextel led to technical and customer service problems that ultimately devalued the company's stock. A lawsuit claims the corporation hid information from investors.

Meeting highlights 2 sides of Community Improvement District plan

Some members of Columbia's business community are considering the creation of a Community Improvement District after recent discussion about the degree to which business owners have an influence on downtown affairs. The plan was addressed at a meeting Tuesday.

Circuit City powers down after 60 years

Circuit City quits after 60 years of business. The company sold its $1.7 billion worth of inventory sooner than it thought it would after multiple going-out-of-business sales. Circuit City still owes nearly $625 million to creditors.

Columbia to move forward with 10-story parking garage

The $15 million project, across Walnut Street from the Columbia post office, should begin this summer.

As newspapers decline, nonprofit model gets a closer look

As newspapers continue to lose money, some journalists say that the nonprofit model could be the industry's salvation. The St. Petersburg Times, which is owned by the Poynter Institute, could provide a model of how to run a not-for-profit newspaper.

Berkshire has worst year; Buffett still optimistic

The investment guru used his annual letter to shareholders to warn that the economy will continue "will be in shambles throughout 2009" and probably beyond but concludes America has overcome bigger challenges.

Peanut product recalls

Here are the latest products to be recalled out of concerns for salmonella.

Who's minding your food?

"There is no one person, no individual today who is responsible for food safety," said Rep. Rosa DeLauro, D-Conn. "We have an immediate crisis which requires a real restructuring."

Peanut product recalls

Wells' Dairy products is recalling some ice cream products, including Hy-Vee and Blue Bunny products, that are sold nationwide. The company has had no reports of illness. Other products are also on the recall list.

Southwest Missouri cattle thefts on rise

Investigators suspect the stolen cattle are being sold in nearby states, where sellers only need to provide a name.

Mysterious honeybee disorder jump-starts Columbia-based beekeeping group

Thirty-three percent of the human diet relies on pollination, much of which is carried out by bees. Honeybees have been vanishing at an unsettling rate, and mid-Missouri growers are stepping in to alleviate the strain on their crops.

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Richland Road rezoning request tabled until April

New development in east Columbia was put on hold Thursday night for the third time after the Planning and Zoning Commission tabled a measure to rezone five separate tracts of land near Richland Road.

UK-based PetScreen chooses MU for American headquarters

PetScreen, a U.K.-based animal health company chose Columbia for its U.S. headquarters. A visit with an MU researcher was the deciding factor in the decision.

Peanut product recalls

These are the latest peanut products to be recalled because they could be contaminated with salmonella.

US peanut growers reeling from salmonella outbreak

The salmonella outbreak has wreaked predictions for a successful year for the U.S. peanut industry. "Public perception is killing us," said the executive director of the Texas peanut producers board.

More peanut products recalled

Products are listed that have been recalled because they could be contaminated with salmonella.

Company involved in peanut recall showed history of unsanitary conditions

Peanut Corp. of America's story had been a rags-to-riches tale before it came crashing down.

Ruined financiers commit desperate acts in harsh times

Wall Street financiers turn to suicide and faking their own deaths to get away from their problems and debts.

Why did switch to digital TV become such a mess?

The digital television switch was pushed back four months after a surge in demand for coupons. Requests peaked at nearly two million a week, and left the coupon program out of money and millions of consumers on a wait list.

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