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Economy

Stock market, S&P 500 see end of the year comeback

The Standard and Poor's Index has jumped 11.4 percent since Oct. 3, when it hit its lowest level.

Unemployed seek protection against job bias

The jobs bill in Congress would ban most companies from refusing a potential employee simply because of the individual's unemployment status or length.

Missouri pays interest for borrowing for unemployment benefits

Missouri currently owes the federal government the several hundred million dollars it borrowed to provide unemployment benefits for state residents. The state has begun paying interest on the money it owes.

Landmark Bank earns grant to lend money to small businesses

Landmark Bank in Columbia was one of 382 banks across the nation approved for a federal grant that will help the bank lend more money to local small businesses.

Starbucks pushes job growth program

The coffee shop chain is teaming up with a nonprofit to collect donations for a program called "Jobs for USA." The program will start in November, and all donations will go toward loans for firms and organizations that could help with job growth.

St. Louis park site of protest against Wall Street

About three dozen protesters were in Kiener Plaza on Monday in a micro tent city.

Downtown Parking Task Force explores parking technologies to maximize revenue

The Downtown Parking Task Force is exploring new parking technologies to add to downtown Columbia.

The upside of economic worries: Lower gas prices

Drivers in Missouri are paying some of the lowest gas prices in the country, and the trend is likely to spread due to global economic fears driving down demand for gas.

Office for Financial Success to hold preparedness fair

Budgeting, credit scores and identity theft will be among the issues discussed at Saturday's event. Childcare will be provided.

Holiday season may be a downer for retailers

Forecasts show holiday retail sales are growing but not by as much as last year. Foot traffic at stores is expected to decrease.

Study: Chrysler closings costly to St. Louis area

A new study suggests that the closing of the two Chrysler plants in St. Louis County had a devastating impact — totaling $15 billion — on the region's economy.

Labor groups present proposals to City Council about wages, bargaining

Groups representing workers for the Water and Light, Parks and Recreation and Public Works departments and Columbia police officers have been negotiating with city officials since May.

Missouri Senate reviewing study of proposed tax breaks

The tax break evaluation is part of the push to make Lambert-St. Louis International Airport a cargo hub. In most of the tax break scenarios evaluated, the benefits exceeded the costs. 

Amtrak from St. Louis to Kansas City could lose federal funding

A federal transportation budget plan would eliminate federal funding for Amtrak's state-supported trains effective Oct. 1. Trains between St. Louis and Chicago would also be affected. 

Obama's jobs plan splits leaders of strapped states

Many Democratic governors welcome President Obama's plan to provide $130 billion in aid to state and local governments, while many Republican governors remain skeptical.

Report: Missouri residents gain money, weight

According to a state report, Missouri improved in median income level and standardized test score ranking. But the obesity rate was worse than it was in previous years. 

U.S. debt commission members rake in health industry contributions

Health professionals rank among the top 10 sources of campaign dollars for most of the members on the congressional panel that's working on deficit and debt control. Those supporting industries could get hit hard with a new federal spending plan.

Ag economy gives Missouri cattle farmers incentive to plant crops

Statewide, the number of cows has dropped from 2.12 million to 1.97 million, with more and more farmers turning to the more lucrative and less labor-intensive work of crop production.

Unemployment rate unchanged in August

The August jobs report was the weakest since September 2010, as the unemployment rate remained the same, stock futures fell and hour earnings decreased.

 

White House requests $5.2 billion in new disaster funds

The Federal Emergency Management Agency has less than $800 million in its disaster relief fund to help pay for the damage caused by Hurricane Irene.

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