DURA brake cables plant to close in Hannibal

A brake cables plant in northeast Missouri is closing by the end of the year. A representative for DURA says the company plans to close a plant in Hannibal.

Ho, ho, no: Toy makers say lead law harms workshops

Worries over lead paint in mass-market toys made the holidays a little brighter for handcrafted toy makers last year, but now the federal government's response to the scare has some workshops fearful that this Christmas might be their last.

Shareholder challenges CenturyTel takeover of Embarq

Embarq Corp. is facing a lawsuit from a shareholder seeking to halt its acquisition by telecommunications company CenturyTel.

Czech beer Budvar wins trademark legal battle

After a legal fight in Europe between Anheuser-Busch's trademark "Bud" beer name and Czech rival Budvar, the Luxembourg-based Court of First Instance on Tuesday ruled in favor of the Czech company and scrapped Anheuser-Busch's trademark.

Obama: HUD pick central part of economic blueprint

In a 6 a.m. e-mail, President-elect Obama announced New York City housing commissioner Shaun Donovan as his pick for the Department of Housing and Urban Development.

Fed could remake credit card regulations

The Federal Reserve is considering changes to credit card regulations, including prohibiting banks from raising interest rates on existing balances unless the customer is 30 or more days late with the minimum payment and dictating how banks should apply payments that exceed the minimum.

Investor’s business 'all just one big lie,’ SEC charges

Bernard L. Madoff is charged with stealing as much as $50 billion as part of his "Ponzi scheme," in what may be the largest fraud in the history of Wall Street.

KC Southern reduces earnings forecast

The railroad operator expects fourth-quarter revenues to be down 5 percent from a year earlier and annual growth to slow to less than 10 percent.

REDI considers partnership with Kansas City organization

Boone County’s Regional Economic Development Inc. board received a pitch on Wednesday to collaborate with a similar group representing the Kansas City region.

ANALYSIS: As bailouts continue, many see government as moving toward nationalization

Actions taken by the Democratic-led Congress and the outgoing administration — moves generally supported by President-elect Barack Obama — already have reversed decades of deregulation and privatization that Presidents Ronald Reagan, George W. Bush and George H.W. Bush all championed.

Congress, White House prepare to vote on auto industry loans

As part of the $15 billion plan, President George W. Bush would appoint a "car czar" to oversee the bailout money and a restructuring of the auto industry.

Obama suggests some auto execs should lose jobs

The president-elect calls for an end to the "head-in-the-sand approach" by U.S. automakers. And he said he backs Congress in drafting legislation that "holds the auto industry's feet to the fire" even as it tries to bail it out.

UPDATE: Tribune Co. prepares for possible bankruptcy filing

The Chicago-based media conglomerate has hired advisers for advice on a bankruptcy filing, but the company says it's considering a variety of options.

Should parents shield kids from hard times at Christmas?

Despite an economic slowdown, department stores are catering to the younger customer, predicting parents will agree to the holiday present demands. But some experts say it's important to talk with children about what parents can and can't afford to buy.

Man charged with great Danish fraud surrenders

Stein Bagger, chief executive of a Copenhagen-based software company, walked into a downtown Los Angeles police station Saturday and told police he was an international fugitive.

Congressional Democrats work on auto bailout plan

Hoping to push through a solution the White House will buy, Democratic congressional aides began drafting a $15 billion auto bailout for Detroit's Big Three Saturday.

Twinkie maker cleared to exit bankruptcy

Kansas City-based Interstate Bakeries Corp. was cleared to exit bankruptcy Friday.

St. Louis-based company Belden to cut 20 percent of workforce

Belden, a St. Louis-based electronics components maker, will be restructuring the company to save $30 million next year and $50 million annually starting in 2011, according to a news release from Belden. The restructuring will result in the loss of 1,800 jobs, or 20 percent of its total work force.

Missouri revenues dropping

General revenues are down 3.9 percent compared to the previous year through the fiscal year's first five months.

Big Three survival money requests rise as high as $34B

The nation's three largest automakers, Chrysler, GM and Ford, are requesting up to $34 billion from Congress to financially stabilize the industry. They have each drawn up specific recovery plans detailing what they will do with the money, and what concessions and sacrifices they will make to cut costs.