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.

November auto sales sink to worst level since 1982

Every major automaker reported a year-over-year sales decline of more than 30 percent on Tuesday. The Detroit carmakers were among the worst hit, with GM's U.S. sales falling 41 percent and Chrysler LLC's dropping 47 percent.

Economic troubles for Big Three automakers trickle down to Columbia auto parts manufacturers

Four major auto parts manufacturers in Columbia have experienced varied levels of difficulty making ends meet during the economic downturn.

ANALYSIS: Looming financial crisis was ignored by Bush administration

The government and other agencies buckled to aggressive lobbying and banks’ word about troubled mortgages early on.

U.S. officially in a recession, research group says

The National Bureau of Economic Research has determined that the U.S. economy has been in a recession since December 2007. Many economists believe the current downturn will last well into 2009.

Economist: Midwest recession to rival that of 1981-82 for unemployment

The economic recession in Mid-America will rival the 1981-82 recession for unemployment, according to professor Ernie Goss of Creighton University. The primary index from his Mid-America Economic Survey, which includes Missouri, has plunged to its second record low in as many months. The November index hit 37.8 in November, down 2.1 percentage points from October.

Business up for electric car conversions

While the economy tanks and new car sales drop, the market for electric vehicle conversions has shown signs of growth.

ANALYSIS: Bad news is trickling in from across the nation: The commercial real estate market is facing a meltdown

Even as the holiday shopping season begins in full swing, the same events poisoning the housing market are now at work on commercial properties, and the bad news is trickling in. Malls from Michigan to Georgia are entering foreclosure. That pace is expected to quicken. The number of late payments and defaults will double, if not triple, by the end of next year, according to analysts from Fitch Ratings Ltd., which evaluates companies’ credit.