Wall Street plunged for a second day Thursday, triggered by computer gear maker Cisco Systems warning of slumping demand. Major indexes have lost about 10 percent since Barack Obama was elected president and the losses represent the Dow's worst two-day percentage decline since the October 1987 crash.
Though there are still plenty of rich folks, they have taken some punishing losses in the stock market.
Despite an agreement to end an eight-week strike, members of the Machinists union in Washington state, Oregon and Kansas still confess disappointment in their deal with Boeing Co. Boeing employs more than 15,000 people in Missouri.
One of Smucker's plants is in Kansas City.
Edward Jones financial adviser Kathy Lou Neale has been fielding many calls from worried clients since the economic downturn. She likens the market to a turbulent airplane, and it's not time to jump off. It's just time to buckle up and keep a clear head.
Interstate Bakeries Corp. can begin seeking creditor approval of a plan that would allow the company to exit more than four years of bankruptcy, a judge said Thursday.
The combined phone company would have 8 million lines in 33 states, mostly in rural areas where the majority of their customers are located.
Each day from July through September, more than 2,700 Americans lost their homes in foreclosure. That number, up from 1,200 a day a year ago, is a sign that the mortgage industry and government programs have done little to help troubled homeowners.
The declining price of commodities means customers of the Kansas City-based utility Missouri Gas Energy can expect a lower price tag for heating this winter.
A jury in Los Angeles said the company's satellite division must pay ICO Global Communications for failing to build and launch satellites.
If autism advocates get their way, more states will follow Indiana's lead by requiring health insurers to cover intensive and costly behavior therapy for autism.
Freddie Mac secretly paid the firm, DCI of Washington, $2 million to kill legislation that would have regulated and cut the mortagage finance giant and Fannie Mae three years before the government took them over. Two of the targeted senators were Kit Bond and Jim Talent from Missouri.
A farming season that once appeared to be doomed by the weather has turned out pretty well for Midwest soybean and corn crops.
Thousands of workers — and the businesses that depend on them — are concerned about what a merger between the two auto giants might mean to them.
The announcement of a large decline in retail sales coincided with a daylong stock market sell-off. The 733-point loss is the second-worst in history for the Dow Jones industrial average, which ended Wednesday down nearly 8 percent — its steepest drop since one week after Black Monday in 1987.
InBev's takeover of Anheuser-Busch is still in the works amid the recent credit crunch. Even during the downturn in financial markets, the Belgium company said plans are on task to create the world's largest brewer of beers.
The price of Apple's least expensive MacBook was reduced to $999.
Mustard Seed, a Fair Trade store in downtown Columbia, will open next week but will not sell coffee.
The money, combined with $5 million already set aside, will be used to build two "sidings" that will allow two trains headed in opposite directions to pass each other.
Anheuser-Busch has not yet set a date for its shareholders to vote on the deal.