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Business

You're not alone: Warren Buffett lost billions, too

Though there are still plenty of rich folks, they have taken some punishing losses in the stock market.

Arrangement to end Boeing strike still leaves some unhappy

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.

Smucker's takeover of Folgers to mean more jobs

One of Smucker's plants is in Kansas City.

Financial adviser calms nerves

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.

Twinkie-maker can seek creditor approval of plan

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.

CenturyTel to acquire Embarq in $5.8 billion deal

The combined phone company would have 8 million lines in 33 states, mostly in rural areas where the majority of their customers are located.

ANALYSIS: The foreclosure crisis will not have an easy fix

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.

Missouri Gas Energy customers can expect to see lower bills

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.

Boeing told to pay at least $370M for breach of contract

A jury in Los Angeles said the company's satellite division must pay ICO Global Communications for failing to build and launch satellites.

Parents press states for autism insurance laws

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.

Republican firm ran 'stealth lobbying campaign' for Freddie Mac

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.

Great harvest, poor prices

A farming season that once appeared to be doomed by the weather has turned out pretty well for Midwest soybean and corn crops.

GM-Chrysler talks gain momentum and fears grow

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.

Wall Street takes another heavy blow: Dow down by 733

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 delays share issue until markets calm

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.

Apple reveals new laptops

The price of Apple's least expensive MacBook was reduced to $999.

New Fair Trade store to open downtown

Mustard Seed, a Fair Trade store in downtown Columbia, will open next week but will not sell coffee.

 

 

MoDOT gets $3.3M grant to build new rail track

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.

InBev shareholders approve Anheuser-Busch deal

Anheuser-Busch has not yet set a date for its shareholders to vote on the deal.

UPDATE: Bailout deal breaks down; talks to resume Friday

Talks to revive an economic rescue plan will restart Friday. Negotiators thought they had an agreement at midday Thursday, but it fell apart before the end of the day when conservatives complained the plan was too costly and too intrusive into private business.

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