Hours after an agreement on a $700 billion rescue plan was announced, it became clear that the deal had fallen apart. Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke have rushed back to Capitol Hill to try to salvage their proposal.
The deal, which cost JPMorgan Chase $1.9 billion, is the bank's second takeover of a major financial institution wracked by bad bets in the mortgage market. Washington Mututal's failure was the largest ever by a U.S. bank.
Experts expect gradual decline over the next several days but a rise during the transition to winter fuel product.
The reverberations of the U.S. credit crunch are starting to impact the confidence of investors across the world including in Europe and Asia.
Carol Loomis, an MU alumna and senior editor-at-large for Fortune magazine, returned for the Journalism School's centennial to participate in a discussion about how magazines and newspapers need to change to survive in a digital world.
A former Microsoft executive has created a new user-driven Web tool that he says will help consumers track media spin. He unveiled the product at the centennial celebration of the MU School of Journalism.
A judge has given Interstate Bakeries, the Kansas City-based makers of Hostess Twinkies, an additional four months to work out a new plan to get out of bankruptcy.
Voters will get a chance to decide whether investor-owned utilities must boost their use of renewable energy sources.
The paper was in talks with the Columbia Daily Tribune to turn the Missourian into a five-day-a-week product. But then the owner of the Jefferson City News-Tribune said it wanted to bid on the project. Now others will get a chance to bid, too.
The permit was set to expire on Saturday anyway and the owner had apparently lost interest in the project, but the 16-page ruling could have far broader implications for CAFOs in Missouri, the director of the Department of Natural Resources said.
The mayor of the city, which has been plagued by bad smells from its plants, said the state needs to develop stricter rules for investigating and enforcing odor problems.
The nation's fourth-largest traditional telephone company said it was making those cuts and more to cope with the loss of business as more people drop landline phones for wireless and Internet phone services.
A second attempt will be made to find a developer for the $500 million weapons plant after the first round of proposals were considered too expensive. It's considered a second chance to keep the plant and its 2,1oo jobs in Kansas City.
RiseUp, based in Kansas City, says it will halt publishing for two months so it can prepare to nearly double its circulation to 7 million.
Missouri's social services agency was supposed to produce a list of employers who had a significant number of employees on Medicaid, but the agency said it couldn't name names.
The job cuts are part of corporate owner Gannett's plan to eliminate 1,000 jobs nationwide.
Hundreds of farmers had sought to consolidate their lawsuits against Bayer CropScience over the accidental release of experimental genetically engineered rice into the food supply.
Workers are angered by Chrysler's plan to close a minivan plant in Fenton on Oct. 31 and to remove a shift from a separate Fenton truck plant in September.
Missouri's Kip Cullers shows how extra seed, daily watering and a lot of chicken manure can make a big difference in yields.
At stake is a $35 billion deal and thousands of jobs.