Economy

Because of criticism from Capitol Hill, Rick Wagoner will step down from his position of Chairman and CEO at General Motors Corp. Although Wagoner insists on leading the company through the crisis, the White House has requested his immediate resignation.

Starting Monday, the Detroit News and the Detroit Free Press will deliver papers on Thursdays, Fridays and Sundays but make slimmer issues available in news racks the other days of the week. The papers are two of more than 80 papers — including the Missourian — that have cut issues.

House budget leaders are putting together the special spending packing. Some decisions have been made, but not all.

Several companies have already signed letters of intent to buy the vehicles.

Economic depression is a frightening term that economists and lawmakers are avoiding in the current downturn.

Definitions for the distinction between a recession and a depression abound. Here are just a few.

The man behind the proposal disagrees, saying the estimate is "ridiculously high."

The money comes from the federal economic stimulus package and will go to airports across the state.

Columbia's housing market, while still suffering, could perk up with federal and seller-offered incentives aimed at homebuyers.

The unemployment rate in Missouri increased to 8.3 percent February, the highest in the state since 1986.

Aimed at preventing mad cow disease, FDA rules make disposing of dead livestock more costly.

The Seattle Post-Intellgencer printed its final edition Tuesday. A skeleton staff will remain in the newsroom to work on its digital edition.

Even though the budget for MU might shrink in the next few years, the university is still planning for a steady increase in students.

Insurance firm's chief cites "grave concerns" about retaining talented employees as a reason to keep corporate bonuses.

On Tuesday, the Senate approved a $410 billion check for the government for 2009. Loaded with pet projects, Democrats see it as a victory over the Bush administration's policies while Republicans rank it spending-wise next to Obama's stimulus bill and 2010 budget plan.

The cuts represent about 15 percent of The Star's work force and wages will be reduced for all workers.

Circuit City quits after 60 years of business. The company sold its $1.7 billion worth of inventory sooner than it thought it would after multiple going-out-of-business sales. Circuit City still owes nearly $625 million to creditors.

The proposed reductions, totaling $4.4 million, will go before the board Monday. A board member says 71 positions would be eliminated, but most through attrition, not cutting jobs of current employees.

These are bad times for the economy, so Columbians are turning to churches to get help managing their money.

Experts had projected a smaller drop of about 20,000 jobless claims from Feb. 14 to Feb. 21. Instead, 639,000 requests were filed for unemployment benefits for the week ending Feb. 21, down 31,000 from Feb. 14. However, Missouri had the nation's third highest increase in jobless claims for the week.