Business

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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Business
4:35 pm
Tue July 30, 2013

More than 200 fast-food workers strike in St Louis, Kansas City

Credit Emile Bremmer / Flickr

Fast food workers in the St. Louis and Kansas City areas are hopeful their participation in brief strikes will lead to better pay and working conditions.

The strikes Monday and Tuesday were part of an effort in selected cities, including New York and Chicago, organized by the Fast Food Forward campaign, launched last year. Among the goals is to more than double the minimum wage, currently $7.25 per hour, to $15 per hour.

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Business
7:52 am
Tue July 30, 2013

Jefferson City's new budget plan would de-fund city's public-access television

Credit Missouri Department of Tourism / Missouri Department of Tourism

Jefferson City leaders have approved a tentative budget for fiscal year 2014, and the budget would eliminate all funding for the city’s only public access television station. JCTV, which broadcasts city council meetings and other public programming, would lose all funding from the city under the tentative budget.  This comes as Columbia’s public access channel, CAT-TV, may also lose its funding from the city of Columbia because of an expiring contract with the city.  

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Business
7:29 am
Mon July 29, 2013

Callaway nuclear plant remains offline

Credit File photo / KBIA

The Callaway Energy Center near Fulton remains closed after a small fire in the turbine building.

Ameren Missouri says that workers have been performing tests and repairing damage from a small fire Friday night. The fire was in the "non-nuclear" power-generation side of the Callaway County nuclear facility. An Ameren spokesman says cables that connect the plant to the electric grid shorted, causing nearby insulation to catch fire.

An earlier press release said the center is "out of service in accordance with safety protocols and procedures."

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Business
7:00 am
Thu July 25, 2013

Casino buyout approved

Credit Rob Boudon / Flickr

Gaming regulators in Missouri have approved Pinnacle Entertainment's $2.8 billion purchase of Ameristar Casinos, clearing one of the final hurdles in the acquisition.

The Missouri Gaming Commission voted 4-0 in favor of the deal Wednesday. Missouri was the last state to approve. The Federal Trade Commission must still give the go-ahead. Pinnacle spokeswoman Kerry Andersen says the company hopes to complete the transaction in August.

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Business
5:52 pm
Wed July 24, 2013

CertainTeed plans shingle factory in Montgomery County

Credit thisisbossi / flickr

CertainTeed Corp. plans a new $100 million manufacturing and distribution center in the eastern Missouri town of Jonesburg, a facility expected to create 100 new jobs.

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Business Beat
5:30 pm
Wed July 24, 2013

How to revive soil for agriculture

William Burnidge, left, an ecologist with the Nature Conservancy, is working with rancher Nathan Andrews to test out a different method of grazing.
Credit Luke Runyon / Harvest Public Media

The world’s soil is in trouble, even in the fertile Midwest. Some experts warn that if degradation continues unchecked, topsoil could be gone in 60 years—with implications for agriculture and the broader environment. Farmers feel the pressure of feeding a growing global population and protecting the soil necessary to do that—all while operating a viable business.  Harvest Public Media considers two possible ways to improve the soil. The first--planting strips of prairie grass alongside farm fields. Amy Mayer reports.

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Business
7:27 am
Mon July 22, 2013

Farm, safety groups oppose sale of Smithfield Foods

A coalition of farm and food safety groups wants federal regulators to quash the proposed sale of Smithfield Foods to a Chinese conglomerate in what would be the largest such takeover of a U.S. business.

The St. Louis Post-Dispatch reports that the 17 groups are asking the Committee on Foreign Investment in the United States to oppose the pork processor's sale to Shuanghui International Holdings Ltd.

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Business
7:25 am
Mon July 22, 2013

Vendor upset at Columbia farmers market rule

Credit Flickr / Natalie Maynor

A Columbia farmers market flap highlights the challenges of ensuring that products labeled as locally-grown are the real thing.

Wilson's Garden Center owner Chuck Bay says he was kicked out of the popular Columbia Farmers Market for violating the market's vendor rules.

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Global Journalist
3:30 pm
Thu July 18, 2013

Nation Media Group flourishes in Kenya

Television cameras prepare to film a press conference, with electoral results screens seen behind, at the National Tallying Center in Nairobi, Kenya Thursday, March 7, 2013.
Credit Ben Curtis / Associated Press

Freedom of the press is rising steadily in Kenya. The constitution now specifically prohibits the state from interfering with the editorial independence of journalists and their media outlets, both state-owned and private.

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Business
8:04 am
Thu July 18, 2013

Mo. Regulators Approve Laclede Gas Purchase Of MGE

(via Flickr/Fergus Randall)

Originally published on Thu July 18, 2013 1:59 pm

The Missouri Public Service Commission has given the go-ahead for St. Louis-based Laclede Gas to purchase Missouri Gas Energy.

Commission members placed a major condition on the purchase – Laclede Gas is barred from seeking a rate increase in its current service area until October of 2015.  Laclede spokeswoman Jessica Willingham says, though, they would be allowed to seek an increase in the areas currently served by Missouri Gas once the purchase becomes official.

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Business Beat
2:29 pm
Wed July 17, 2013

Metal theft in farm country; displaced residents look for home

Credit Tamara Zellars Buck / KRCUUnion Baptist Church as it stands today in Pinhook, Mo.Edit | Remove

In the countryside, there are fewer people – and some prefer it that way, especially thieves. The National Insurance Crime Bureau says that metal thefts have increased by 36 percent since 2010 – and that leaves farm equipment and machinery as easy pickings. Reporting for Harvest Public Media, Payne Roberts has the story.

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Business
2:08 pm
Wed July 17, 2013

Displaced Pinhook residents look for new home

Union Baptist Church as it stands today in Pinhook, Mo.
Credit Tamara Zellars Buck / KRCU

Drive along southeast Missouri’s Highway VV in Mississippi County, and you will primarily see vibrant green fields littered with farm equipment and the occasional farmer working the land.

The burned out remains of what was once a church stands sentry alongside the highway, just outside of what at first glance appears to be an ordinary rural community.

But, something seems out of place.

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Business
5:24 pm
Tue July 16, 2013

Missouri's unemployment rate increases despite job growth in June

Missouri's unemployment rate increased slightly even though businesses added thousands of jobs in June.

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Business
7:00 am
Fri July 12, 2013

Mo. business incentives to be streamlined

Credit Jacob Fenston / KBIA

Missouri's main business incentives are getting a makeover.

Gov. Jay Nixon signed legislation Thursday that consolidates four of the state's current incentives into a new program dubbed "Missouri Works."

The new program is modeled after a current set of incentives called "Quality Jobs" in that it offers tax breaks to businesses that add jobs with decent wages and health benefits.

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Business Beat
3:51 pm
Wed July 10, 2013

Iowa aquaculture; Google Glass

Google Glass may seem like space-age technology. But that doesn’t mean it’s only for Star-Trek fans. The innovative device is a pair of glasses with a small screen above the right lens that functions as an extension of a user’s Smartphone. Glass can be used for a variety of functions like taking pictures, shooting video or replying to email all with voice commands. Veterans United in Columbia is one of the advance testers of Glass and recently held a product demo. KBIA’s Anders Aarhus reports.

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Business
3:23 pm
Wed July 10, 2013

Google Glass tested at Veterans United

Sarah Hill sporting an advance version of Google's new Glass platform
Credit Veteran's United

Google Glass may seem like space-age technology, but that doesn’t mean it’s only for Star-Trek fans.

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Business
8:06 am
Wed July 10, 2013

American Airlines sees profit over three months for Columbia service

Credit Simon_sees / Flickr

May is the third month in a row that the City of Columbia has not had to pay American Airlines guaranteed money for serving Columbia Regional Airport. 

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Business
7:29 am
Mon July 8, 2013

KCI officials mull terminal replacement

Kansas City International Airport
Credit FHKE / Flickr

Opinions are divided about the potential $1.2 billion price for replacing the current three-terminal configuration at Kansas City International Airport with a single terminal.

The Kansas City Star reports that critics say the price is too high and that many people like the current setup.

But Aviation director Mark VanLoh says that if the airport doesn't rebuild, it still needs an estimated $600 million in upgrades and renovations in the next few years. That includes $160 million in airfield and de-icer improvements.

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Business
7:15 am
Mon July 8, 2013

Schuncks seeks to dismiss credit card lawsuits

Credit daysofthundr46 / Flickr

The parent company of the supermarket chain Schnucks wants a federal court to dismiss two lawsuits related to a security breach of customer credit and debit cards.

The St. Louis Post-Dispatch reports that the two lawsuits seek class-action status. Schnucks said in dismissal motions that the plaintiffs didn't have standing to sue and couldn't prove they suffered any harm.

One suit was filed in U.S. District Court in Chicago, while the other in was filed U.S. District Court in St. Louis.

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Business Beat
10:28 am
Fri July 5, 2013

Biotech wheat and biotech expansion

Credit Grant Gerlock / Harvest Public Media

A Columbia biotech company has announced plans to commercialize its products around the globe.  EternoGen, LLC. develops collagen-based products for minimally invasive surgical procedures.  KBIA’s Ben Wilson has more on the company’s expansion.

The Columbia City Council recently voted in favor of purchasing 16 natural gas-powered vehicles along with building a natural gas fueling station in northeast Columbia. KBIA’s Rickelle Pimentel tells us why some community members aren’t as excited about this decision.

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Business
8:44 am
Fri July 5, 2013

Airport advisory board discusses ongoing projects, meeting locations

Credit Archair Aviator / Flickr

The Columbia Regional Airport Advisory Board met Wednesday afternoon in the north terminal conference room to discuss ongoing projects and the new location of future meetings.

The airport manager Don Elliot reviewed two airport projects which are almost complete. The new taxi pavement project will be completed in the next few days after inspection and the new fencing around the runways will be completed in September.

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AM Newscasts
8:53 am
Thu July 4, 2013

Newscast for July 4, 2013

Regional news coverage from the KBIA Newsroom, including:

  • Mo. revenue up 10 percent for 2013 budget year
  • Mo. AG says state may have to use gas chamber
  • Police step up patrols on DWI and other violations for holiday week
Business
5:41 pm
Tue July 2, 2013

Columbia company makes a move to expand in Europe and Asia

Credit Amy Loves Yah / flickr

The Columbia-based company, EternoGen, LLC  announced plans to enter the commercialization phase for its regenerative medical devices. The company said today it plans to open new offices in St. Louis and Stockholm.

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