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UPDATE: Anheuser-Busch reportedly will reject InBev's offer

The Wall Street Journal said Anheuser-Busch is expected to argue that InBev's offer undervalues the St. Louis-based brewer. The rejection could set the state for a hostile takeover battle.

Monsanto's profit jumped 42 percent in 3rd quarter

The St. Louis-based company raised its earning projections for the year, but its share price fell after its earnings were released because third-quarter revenue was below expectations.

Scottrade settles over charges leveled by the SEC

The St. Louis-based company was charged with failing to conduct regular and rigorous reviews on the quality of executions.

Commission tables 2 proposed Crosscreek Center lots

The 6-3 vote followed a public hearing that heard from the project’s developers and representatives from surrounding neighborhood associations over the lots, which would be home to a Taco Bell and a Break Time convenience store.

AmerenUE looks to build second nuclear plant in Callaway County

But to do so, it needs to reverse a 30-year-old law that keeps utilities from charging for plants while they're being built.

InBev's bid for Anheuser-Busch meets public resistance

The proposed sale of the maker of the beer that bills itself as “great American lager,” to a Belgian firm has become a rallying point for some Bud fans and lawmakers playing to the populist view that America is being sold off, bit by bit.

Tomatoes coming back to Columbia grocery stores and restaurants

That's because the Food and Drug Administration has determined that tomatoes grown in more than 35 states, including Missouri, are not linked to the recent salmonella outbreak and are safe to eat.

 

Anheuser-Busch at last receives buyout offer

The unsolicited $46 billion offer from the Belgian brewer comes after weeks of speculation. The St. Louis-based brewer said its board would evaluate the proposal carefully.

Glasgow battles KC Power & Light's plans to put lines, tower in park

“It’s gotten to be an ‘us versus them’ type of thing,” Mayor Fred Foley said. “I think it’s the first time they’ve been up against a small, rural area like this.

Sedalia businessman accused of embezzling nearly $86,000

Raymond A. Potts, owner of Potts Contracting Group Inc., is charged with failing to pay the money to his company's employee pension benefit plan.

Moser Discount Foods to open northside store by December

Roger Moser said excavation has already started on a 3.5-acre lot at the intersection of Range Line Street and Brown School Road.

Potential contractor gets OK to begin work on Mo. bridge repair project

No contract has been awarded, but to speed things up, state transportation officials have given approval for a potential contractor to begin the engineering work on the project to repair 802 bridges.

Web site aims to block Anheuser-Busch takeover

SaveBudweiser.com encourages visitors to contact elected officials and Anheuser-Busch shareholders to discourage the takeover of the company by Belgium-based brewer InBev. The Web site claims to have more than 18,000 signatures on its online petition.

Missouri firm caught in legal battle over rodeo bull's semen

A Texas ranch says sperm from the bull, named Mommas Boy, was illegally taken in the 13 days between the time the bull was bought and delivered.

Crosscreek Center development hearing postponed

The Planning and Zoning Commission has rescheduled to June 19 a public hearing concerning plans for Crosscreek Center.

Food group plans to lead campaign against crop-based fuels

The Grocery Manufacturers Association plans a high-profile campaign against biofuels, saying they're a key reason for rising food costs. That campaign will bring together diverse groups such as hunger-prevention advocates and environmental activists.

St. Louis residents worry about possible Anheuser-Busch buyout

Reports that Angeuser-Busch might be purchased by Belgium-based brewer InBev have St. Louis residents worried they might lose a company as closely identified with their city as the Gateway Arch.

Regulators probing milk price manipulation

Federal commodity regulators are investigating whether the farmer-owned dairy cooperative that controls about a third of the nation’s milk supply engaged in a price manipulation scheme, a spokeswoman for the group said Monday.

Forecasters see weak economy even if housing, credit improve

Economic forecasters say the worst of the painful housing slump and the credit crunch might come to an end this year, but they expect the economy will weaken further and unemployment will rise.

That’s the latest outlook from forecasters in a survey to be released Monday by the National Association for Business Economics.

Ethics questions raised over lawmakers getting biofuel tax credits

The intermingling of personal and official actions involving biofuels has led to a backlash at the Missouri Capitol.

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