Business

Business
4:45 pm
Wed September 4, 2013

Columbia City Council approves tougher ordinances for parkside subdivision

Credit File Photo / KBIA

Columbia City Council members amended and approved stricter requirements for a controversial potential housing development near Rock Bridge Memorial State Park.

The tougher ordinances affect the amount of impervious surfaces the new development is allowed to have.  Impervious surfaces are surfaces such as streets or sidewalks that reduce the amount of water that soaks into the ground. The changes come on the heels of dozens of water concerns community members voiced about the project.

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Business
3:40 pm
Wed September 4, 2013

Kirksville Regional Airport gets new director

Kirksville Regional Airport
Credit City of Kirksville

Kirksville Regional Airport’s new director Glenn Balliew began his new job last week.

Balliew retired from the U.S. Army after most recently working as a deputy assistant commander in Fort Rucker, Ala. He has worked in the private airline industry for more than five years.

One of the challenges that Balliew will face at the smaller airport is attracting private and corporate flights to Kirksville. Balliew said that the number of planes at the Kirksville airport has been cut in half over the years, and bringing in business is difficult.

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Business
4:44 pm
Tue September 3, 2013

Laclede Gas completes purchase of Mo. Gas Energy

Credit selbstfotografiert / Wikimedia Common

Laclede Gas Co. says it has finalized a $975 million deal to buy Missouri Gas Energy.

Laclede announced Tuesday that the purchase has been completed. The deal combines Missouri's two largest natural gas companies under one entity that will serve more than 1.1 million customers across the state.

St. Louis-based Laclede had served about 630,000 customers in St. Louis and 10 eastern Missouri counties. Missouri Gas Energy had served about 500,000 customers in about 30 western and central Missouri counties, including the Kansas City, St. Joseph and Joplin areas.

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Business
3:47 pm
Fri August 30, 2013

Kansas City gets federal grant for downtown streetcar project

The U.S. Department of Transportation has awarded Kansas City a $20 million grant to help build its streetcar route through about two miles of downtown.

U.S. Sen. Claire McCaskill said in a news release Friday announcing the grant that the streetcar project will "encourage housing, construction, and business development in the city." And she said that will mean for jobs for the region.

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Business
11:20 am
Thu August 29, 2013

Columbia joins national movement for better fast-food worker wages

Community members prepare to walk across the street to stand outside Hardee's as part of a national movement for better wages.
Kellie Kotraba, Columbia Faith & Values KBIA

"Can't survive on $7.35  -- can't survive on $7.35." 

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Business Beat
4:48 pm
Wed August 28, 2013

Nitrogen in the waterways; sounds at the state fair

A new report from the US Department of Agriculture has found that through voluntary conservation measures, farmers reduced the amount of nitrogen that washes off their fields into Mississippi River watershed waterways by 21 percent. That's good news for water treatment plants that spend millions of dollars each year to remove farm chemicals from drinking water supplies. Harvest Public Media’s Abbie Fentress Swanson takes a look at the particular challenge posed by the nitrogen in fertilizer, which has been running into Midwest streams at concerning levels this summer.

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Business
5:19 pm
Thu August 22, 2013

No payout from airline revenue guarantee fund for July

Credit Matt Veto / KBIA

The City of Columbia announced today that it did not have to use money from the Air Service Revenue Guarantee fund to pay Ameircan Airlines for July 2013. This is the fifth consecutive month in the past six where the city didn’t have to use the funds.  

The guarantee fund comes from several private businesses and government entities in mid-Missouri.

American Airlines began service from Columbia in February, with flights to Dallas and Chicago. 

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PM Newscasts
5:53 pm
Wed August 21, 2013

Newscast for August 21, 2013

Regional news coverage from the KBIA newsroom, including:

  • 600 jobs coming to Wentzville by way of the affordable care act.
  • Gov. Nixon backs up his veto on a bill affected sex offender registries
  • A former suspect in a Warrensburg murder returns to his home in Saudi Arabia
Business
3:48 pm
Wed August 21, 2013

600 jobs tied to federal affordable care act coming to Wentzville

President Barack Obama's health care reform is unpopular in parts of Missouri, but it is bringing 600 new jobs to the state.

The St. Louis Post-Dispatch reports that Virginia-based government contractor Serco Inc. will hire 600 people over the next three months for a processing center in Wentzville, handling applications for health insurance under the Affordable Care Act. 

CoMo Explained
11:17 am
Wed August 21, 2013

Why are there so many hot air balloons in Columbia?

We're trying out some ideas for the official CoMo Explained hot air balloon
Credit matias Garbedian / Flickr

  Columbia was once a hot-spot of  hot air ballooning.  But you can still see a lot of balloonists flying over downtown on a clear afternoon.

On the CoMo Explained podcast we explain why there are so many hot air balloons in CoMo.

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Business
5:16 pm
Tue August 20, 2013

Judge OKs Patriot Coal, miners' union deal

A United Mine Worker of America protest in St. Louis on Monday, June 17, 2013.
Credit Rachel Lippmann / St. Louis Public Radio

Patriot Coal Corp. has a bankruptcy judge's go-ahead to enter into a new labor agreement with the nation's biggest miners' union, ending a long, acrimonious dispute.

U.S. Bankruptcy Judge Kathy Surratt-States on Tuesday granted St. Louis-based Patriot's request to put in place the collective bargaining deal ratified Friday by the United Mine Workers of America.

The settlement restores most wage cuts that Patriot had sought as part of its reorganization. Pension benefits for thousands of retirees are maintained, and active employees will continue earning pension credit.

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PM Newscasts
5:56 pm
Mon August 19, 2013

Newscast for August 19, 2013

Listen to Andrew Nichols' newscast here.

  Regional news from the KBIA Newsroom, including:

  • Mo. unemployment rate topped 7 percent in July
  • 2013-2014 enrollment at MU tops 34,000
  • Rep. Hoskins picked by GOP for Mo. House post
  • Midwestern Farmland Values Continue To Rise
Business
3:55 pm
Mon August 19, 2013

Mo. unemployment rate topped 7 percent in July

Credit forwardstl / flickr

Missouri's unemployment rate is back above 7 percent for the first time in a year.

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Business
12:40 pm
Mon August 19, 2013

Callaway nuclear power plant back online after fire

Ameren's Callaway Energy Center

After weeks of being out of commission, Ameren's Callaway nuclear energy plant is back in service.

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Business
11:59 am
Mon August 19, 2013

NPR CEO Gary Knell Announces He's Leaving

NPR CEO and President Gary Knell.
Sesame Workshop

Originally published on Mon August 19, 2013 5:58 pm

After fewer than 21 months on the job, NPR CEO Gary Knell announced at mid-day Monday that he's leaving the organization to become president and CEO at the National Geographic Society.

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Business
7:31 am
Mon August 19, 2013

Amazon cuts ties with online associates in Missouri

Credit Elizabeth Trovall / KBIA

Online retailer Amazon is severing ties with its online associates in Missouri because of a new state sales tax law.

Amazon Associates are people who write blogs or product reviews then link to Amazon.com. They collect commissions if people use their link to buy at Amazon.

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Business
7:24 am
Mon August 19, 2013

Doe Run Co. seeks override of punitive damage bill

Credit File photo / KBIA

A Missouri lead company wants lawmakers to override a veto of a bill that shields the company from large legal costs.

The Doe Run Co. contends its very future is at stake, along with hundreds of jobs.

At issue is a bill limiting punitive damages in liability cases related to old lead mining facilities. Several such lawsuits are pending against Doe Run, including one scheduled for trial in October.

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Business
6:16 pm
Mon August 12, 2013

Patriot Coal and United Mine Workers strike potential deal

Credit Kheel Center, Cornell University / Flickr

 

The nation's biggest miners' union and Patriot Coal Co. say they have reached a potential settlement over the severity of wage and benefits cuts a bankruptcy judge had allowed the company to impose.

The United Mine Workers of America isn't publicly revealing details of the deal, pending Friday's scheduled ratification vote by its members. St. Louis-based Patriot also isn't releasing the terms.

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Business
7:19 am
Mon August 12, 2013

Ameren sued over 2012 Lake of the Ozarks electrocution

Credit bsabarnowl / flickr

The mother of two Boone County children electrocuted in a 2012 Fourth of July boat dock accident at Lake of the Ozarks is suing the utility company that owns the popular recreational lake.

A wrongful death lawsuit filed in July in Morgan County by Angela Anderson of Ashland claims that Union Electric Co. failed to notify lake dock owners of the need to install electrical protection devices known as ground fault interrupters. The utility operates under the name Ameren Missouri.

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Business
8:00 am
Fri August 9, 2013

Missouri part of high-speed rail push

Credit Jon Curnow / Flickr

Missouri is part of a group of states forging ahead with plans for high-speed passenger rail.

The group has put out a call for bids for the production of 35 next generation locomotives. The request for proposals released yesterday calls for lighter, cleaner-burning locomotives that can reach speeds of up to 125 miles per hour.

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CoMo Explained
8:00 am
Wed August 7, 2013

Why are there two farmers markets on the same day?

Get it? There's two. Two farmers markets.
Credit adapted from NatalieMaynor / Flickr

  Not only are there two farmers' markets on the same day, but they're less than a mile away from each other.

Listen to the latest CoMo Explained podcast

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Business
4:28 pm
Mon August 5, 2013

'Washington Post' To Be Sold To Amazon's Jeff Bezos

View of the front page of the October 30, 2009 edition of The Washington Post.
Nicholas Kamm AFP/Getty Images

Originally published on Tue August 6, 2013 9:03 am

The Washington Post Co. will sell its flagship newspaper and one of the most respected news organizations in the country to Amazon.com founder Jeffrey P. Bezos, the company announced in a press release. The Post has been a family-owned business for four generations.

Amazon, the company said, will play no role in the purchase. Bezos is making the purchase personally.

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Business
7:25 am
Mon August 5, 2013

Ridership on Mo. River Runner trains increases

A Missouri River Runner train outside Kansas City in 2010.
Credit Dave Herholz / Flickr

Ridership on Amtrak's Missouri River Runner passenger trains between Kansas City and St. Louis has increased for the sixth straight year.

MoDOT says nearly 197,000 passengers rode the train in the fiscal year that ended June 30. That's an increase of roughly 5,000 riders from the previous year.

The increase means more revenue from tickets, which reduces the financial support required from the state. Ticket revenue was $5.4 million in the latest fiscal year, compared with $5 million the previous year.

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Business
5:25 pm
Fri August 2, 2013

Missouri revenues down in July

Credit selbstfotografiert / Wikimedia Common

Missouri has started its 2014 fiscal year with a dip in revenues compared to last year.

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Business
5:39 pm
Thu August 1, 2013

Cerner says thousands of new employees could be housed on new KCMO campus site

Cerner, one of the largest employers in Kansas City, announced Thursday afternoon it intends to purchase about 237 acres at the site of the former Bannister Mall, which it hopes to use to build a new campus to house thousands of new employees.

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Business
4:46 pm
Thu August 1, 2013

Missouri lottery starts letting players ban themselves for life

Credit MarkyBon / Flickr

The Missouri Lottery is allowing people who have a gambling problem to voluntarily ban themselves for life.

People who participate will be prohibited from claiming winnings of $600 or more. The option started Thursday, and officials say it is modeled after self-exclusion programs in Illinois, Iowa and Maryland.

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Business
10:47 am
Thu August 1, 2013

RR Donnelley in Jefferson City to close, 470+ jobs gone

The Jefferson City Chamber of Commerce says employees at RR Donnelley in Jefferson City received notice at 7:30 Thursday morning that the plant will be closing as of October 1st.

Missy Bonnot is the Director of Economic Development with the Chamber. Bonnot says the plant, which prints textbooks and other products, had 473 full time employees as of May of this year. She says there are likely additional part time staff employed at the plant as well.

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Business
8:12 am
Thu August 1, 2013

Missouri among top states using cost-benefit data in policy making

Credit File / KBIA

A study by the Pew Charitable Trusts shows that Missouri is in the top ten states when it comes to using cost-benefit analysis of taxpayer money. 

Cost-benefit programs analyze the cost of public programs and the benefits they provide taxpayers.  In short, it’s the study of how much bang taxpayers are getting for their buck. And it can be a very effective tool when drafting new laws or policy.

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Business Beat
5:29 pm
Wed July 31, 2013

Nixon hammers home flaws in tax-cut bill; seed vault tour

Gov. Jay Nixon visits the University of Missouri flagship campus to discuss the education funding cuts House Bill 253 could lead to if passed.
Credit Kristofor Husted / KBIA file photo

Gov. Jay Nixon stopped by Columbia twice this week. He has spent his summer drawing attention to the many problems he and other critics see with House Bill 253. That is the income-tax cut bill he vetoed in June. There is a chance state Republicans could make a run for an override of that bill in September. The bill cuts income tax and corporate taxes and under certain circumstances allows business taxes to be claimed on personal income taxes. Conservative estimates peg a state revenue loss of $692 million dollars if the bill were to become law.

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Business
11:50 am
Wed July 31, 2013

Altar’d State brings Christian clothing, values to Columbia Mall

Credit Altar'd State

Kayla Lewis was shopping at the Columbia Mall when she saw a new store that piqued her interest. The next week, she brought her mom along to shop at Altar’d State.

Altar’d State opened in the Columbia Mall July 5, bringing a touch of Christianity to shoppers.

“We wanted to swim upstream,” Altar'd State CEO Aaron Walters said. “The world was going one way, and we saw an opportunity to go another.”

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