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Economy

Retail sales fall 1.5 percent as clunker cash wears off

Retail sales declined 1.5 percent in September, better than the predicted 2.1 percent decline but still worse than any drop since December. Much of the drop can be explained by a 10.4 percent plunge in auto sales once the Cash for Clunkers program ended.

ANALYSIS: Recession's end could mean beginning of states' budget woes

States may face a tougher time rebounding from this recession as employment and consumer spending are expected to grow back at a slower rate.

Survey: Economy shows recovery in Midwest, Plains

According to a survey conducted by Creighton University, the Business Conditions Index for the mid-America region increased in the past month. The survey offers some good jobs news because the employment index was in positive territory for the first time since March 2008.

Census: Recession had sweeping impact on US life

New Census data on the social impact of the recession shows a dramatic effect on the work and travel habits of Americans.

Obama: economic crisis needs time to reverse

President Barack Obama told Ohio newspapers that it could "take two decades" for the manufacturing base of the economy to recover.

Rising Katy Trail traffic boosts trailside businesses

A rebound in Katy traffic has boosted trailside businesses in St. Charles County as the bike shops, taverns and wineries that cater to the tens of thousands who cycle the Katy Trail near St. Louis report that business has been strong this year. Some point to the recession as the reason for the traffic increase, saying that more people are choosing affordable, local recreation over spendy long-distance travel.

Couple sets up ecovillage in an Ozark forest to foster sustainability

There are 47 ecovillage communities in Missouri similar to the one Elizabeth Stanfill and Tao Weilmundemo established in an Ozark forest.

Kansas City loses out on new Harley-Davidson plant

Kansas City won't get a second Harley-Davidson manufacturing plant that was expected to bring 1,300 jobs.

Falling timber industry hits backwoods US hard

According to an AP index, the recession has sent economic stress levels soaring, with the housing slump hitting the timber industry with particular force. The consequences of the downturn are clearly evident in the tiny backwoods town of Pine Hill, Ala., where 327 jobs were lost when a timber mill closed earlier this year.

Oil prices gain to above $74, optimism rises

The benchmark for crude ended the day Friday at $73.89, its highest close since October.

Stocks open higher, but consumer confidence may lag behind

Stocks are higher in early trading Monday, thanks to gains overseas and in some commodity markets such as oil.

UPDATE: U.S. Commerce chief announces electric vehicle grants

Smith Electric Vehicle's U.S. subsidiary is receiving a $10 million grant to help build its planned manufacturing plant near the Kansas City International Airport. It is part of a national effort to boost the battery and electric vehicle industry and create jobs.

U.S. Commerce chief announces electric vehicle grants

U.S. Commerce Secretary Gary Locke announced more than $15 million in federal grants for Missouri, including money for Smith Electric Vehicles U.S. Corp., the Missouri University of Science and Technology, Ford Motor Co. and Chrysler LLC.

Electric power industry buzzing over 'smart grid' technology

"Smart grid" technology promises to revolutionize the electric power industry by making utilities more intuitive, but critics and regulators worry about its cost benefit and questions of security and privacy.

'Cash for clunkers' increases Columbia car sales

Even as money for the "cash for clunkers" program dwindles, Columbia residents are turning in their clunkers at a steady pace.

USDA raises prices to aid struggling dairy farms

Agriculture Secretary Tom Vilsack and his department are trying to help the struggling dairy market by raising the price paid for milk and cheddar cheese. The department estimates the maneuver will boost overall dairy farm revenue by $243 million.

Analysis: Obama's missteps confuse health overhaul

Recent polls show that President Barack Obama is losing support on how he is handling the health care initiative. Some speculate that he underestimated ideological divisions on health care.

FACT CHECK: Obama's health care claims, rhetoric differ

Some things President Barack Obama said about health care reform during his Wednesday news conference differ with the facts, and what he's said before.

Obama to focus on health care at news conference

As the economy continues to lose jobs, Obama will hold a news conference pressing for continued progress in health care debates, in hopes of signing a reform bill before the end of the year.

AmerenUE offers incentives to businesses that save power

Offering rebates to customers that lower their electricity use during periods of peak usage could improve air quality and save AmerenUE money, officials said.

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