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Economy

Columbia names new director of economic development

Stacey Button was chosen to take Mike Brooks' position as the city's new director of economic development. Brooks will retire in November.

Callaway nuclear plant replacing 30-year-old reactor part

More than 1,100 supplemental workers will join the plant's staff of 800 to perform maintenance, run routine inspections and refuel the reactor.

Walmart cuts health benefits for 30,000 part-timers

Starting Jan. 1, Walmart will no longer offer health insurance to employees who work less than an average of 30 hours a week.

Study shows 35 percent in U.S. facing debt collectors

The study points to a disturbing trend: The share of Americans in collections has remained relatively constant, even as the country as a whole has whittled down the size of its credit card debt since the official end of the Great Recession in the middle of 2009.

ANALYSIS: What's making U.S. economy a world beater? Five factors

The U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited.

Boone County housing market down in May, up overall

Fewer homes were sold in Boone County this May than last year. But since last May, more homes have been sold year-over-year, and those homes spent less time on the market.

American economy bounces back from brutal winter

Employers added 288,000 jobs last month, and the unemployment rate sank to 6.3 percent, its lowest point since 2008, from 6.7 percent.

Former governor of the Federal Reserve System discusses latest financial crisis

Randy Kroszner, former governor of the Federal Reserve System and professor of economics at the University of Chicago's Booth School of Business, spoke about the nation's latest financial crisis at the MU School of Law on Friday.

Dogecoins help send Jamaican bobsled team to Sochi Olympics

Initially conceived as a joke, Portland programmer Billy Markus and Australian marketer Jackson Palmer needed a symbol of philanthropy and jest to exemplify their vision of the Internet.

New CEO Satya Nadella takes hold of Microsoft future

Microsoft names Satya Nadella as new CEO as Bill Gates takes a new role as a technology adviser.

January economic survey suggests growth in Midwest

Midwest economic index on the rise, but business confidence index may see a decline in coming six months.

Postal customers purchase stamps before Sunday price increase

Both stamp prices and shipping costs are set to increase Sunday. Stamps will cost 49 cents, and shipping costs will rise by 2.4 percent.

Small businesses have wish list for new SBA head

Company to bring 600 jobs to KCI maintenance base

An aviation maintenance and overhaul firm from the state of Washington says it plans to bring about 600 jobs to the maintenance base at Kansas City International Airport.

Holiday shopping season: A disappointment so far

Sales are up 2 percent to $176.7 billion from Nov. 1 through Sunday, according to data from ShopperTrak. That's a slower pace than expected with few days left in the season.

Survey: U.S. income gap is holding back economy

Analysts say the economy would be better able to sustain its growth if the riches were more evenly dispersed.

Think tank gives Columbia top grade in economic performance

The Milken Institute, a nonpartisan think tank, determined the ranking by looking at job growth, wages and economic output.

Consistent hiring points to stronger economy ahead

Employers added 203,000 jobs in November, and the unemployment rate fell to 7 percent, a five-year low, the Labor Department reported Friday.

Slow economic growth likely in 9 Midwest, Plains states

According to a survey of nine states, the overall economic index for November is 51.2, an increase from October's 50. An above-50 score suggests growth, while any score below 50 suggests decline, survey organizers say.

U.S. agriculture policy to be subject of forum Thursday night

Members of the public are invited to take part in a discussion of U.S. farm policy and the farm bill. The featured speaker will be Dr. Pat Westhoff, a professor in the MU Department of Agricultural and Applied Economics.

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