The market's recent pattern of dramatic price reversals persisted on Thursday, with the Dow Jones Industrial seeing its third-largest single-day stock rally on record, following the 889-point rise on Oct. 28 and the 936-point surge on Oct. 13. The gains ameliorated losses from the beginning of the week, which wiped out about $1 trillion in shareholder value.
Jason E. Branch of Grandview was also ordered to pay $1.4 million in restitution to the investers he was convicted of defrauding, including a church in Las Vegas.
The deal, expected to be finalized by the end of the year, will make InBev the world's largest brewer.
Treasury Secretary Henry Paulson said the government won't buy bank's bad assets on a day of more reports of sales drops and staff cuts.
The package will be used to support financial markets, which supply consumer credit in such areas as credit card debt, auto loans and student loans.
In a sexual harassment lawsuit aginst TNT Logistics of North America, the Missouri Court of Appeals in Kansas City awarded Kendra Lynn $3.75 million in punitive damages from her former employer. The decision overturned an earlier damages ruling by a trial judge.
The settlement is subject to approval, but it comes ahead of Wednesday's vote by shareholders on the $52 billion sale to InBev.
The nation's third-largest wireless provider told analysts it would try harder to win new customers, but it had "yet to turn the corner."
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.