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'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.
The price of Apple's least expensive MacBook was reduced to $999.
Mustard Seed, a Fair Trade store in downtown Columbia, will open next week but will not sell coffee.
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.
Anheuser-Busch has not yet set a date for its shareholders to vote on the deal.
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.
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.