RSS Feed

Business

American Express to cut more than 4,000 jobs

American Express said Wednesday it plans to cut more than 4,000 jobs this year, about 6 percent of its total workforce.

Tease photo

Melvin Gordon, CEO who built empire from Tootsie Rolls, dies

Melvin Gordon, who helped turn the enduring popularity of the humble Tootsie Roll into a candy empire, has died. He was 95.

US stocks rise on expected European stimulus, higher oil

Another choppy day on Wall Street ended with stocks broadly higher on hopes of new stimulus measures for Europe's weak economy and a sharp rise in oil prices.

Why cheaper jet fuel won’t mean lower airfares anytime soon

Airlines will save billions this year thanks to cheaper jet fuel, but they aren’t likely to share the bounty with passengers — not while so many flights are already full.

Survey: CEOs say US more attractive to investors than China

Amid growing concerns over the global economy, the United States has overtaken China as the No. 1 investment destination among chief executives around the world, a survey found Tuesday.

Yahoo CEO poised to make fateful decision on Alibaba stake

Yahoo CEO Marissa Mayer is facing her biggest business decision since she left Google two-and-a-half years ago to lead its struggling rival: how to manage Yahoo's most valuable asset, a 15 percent stake in Chinese Internet star Alibaba Group worth nearly $37 billion.

IBM 4Q revenue continues to sag, 2015 outlook disappoints

IBM's fourth-quarter net income dropped 11 percent as revenue in most categories continued to decline, and its outlook for the year disappointed investors.

Supreme Court won't hear dispute over debit card fees

The Supreme Court on Tuesday rejected a challenge from retailers who claim the Federal Reserve allows banks to charge businesses too much for handling debit card transactions.

US stocks turn higher in afternoon trading

A late rise in technology stocks helped the U.S. stock market stagger to a tiny gain following a choppy day of trading Tuesday.

NY servers seek raise as restaurant owners defend tip system

In more than a decade slinging drinks, bartender Autumn Alston has depended on tips to earn a living, leading to an often-inconsistent income from some customers who tip a lot, some who stiff and a few who make cringe-inducing suggestions.

Tease photo

Downtown Jefferson City seeks to pin down priorities for 2015

The Jefferson City Downtown Association is hoping to pin down a list of priorities for the year, but they could range anywhere from creating a downtown smart phone application to moving forward on a downtown conference center.

Tease photo

BizBeat: Ross construction starting this week

Construction of the new Ross department store at Capital Mall in Jefferson City is slated to begin early this week, said Rob Kingsbury of Farmer Holding Company.

BizBeat: Capital Mall to lose apparel store

Capital Mall will lose a long-time tenant in the coming months, as national teen clothing retailer Deb Shops has announced it plans to close all stores after filing for bankruptcy in December.

BizBeat: Gerbes Super Store to undergo remodel

Gerbes Super Store at 2101 Schotthill Woods Drive in eastern Jefferson City will undergo a remodel project in the coming months.

BizBeat: Nu2Yu offers used items at thrift prices

New thrift store Nu2Yu Resale Shop has been open in Jefferson City at 711 Jefferson St. since late last fall.

Jefferson City restaurant inspections for December 2014

Jefferson City inspected 53 food-service establishments during the month of December 2014.

Westminster College department achieves national accreditation

The John E. Simon Department of Accounting, Business Administration, Economics and Management Information Systems at Westminster College in Fulton has recently been accredited as one of the best programs in the nation.

Lee Enterprises announces CFO Carl Schmidt to retire

Lee Enterprises Inc. has announced that its chief financial officer will retire later this year.

Tease photo

VC firms rain down cash on tech startups, is bubble brewing?

Cash rained down on startups in 2014, as venture capitalists poured a whopping $48.3 billion into new U.S. companies — levels not seen since before the dot-com bubble burst in 2001. Strong technology IPOs are luring investors chasing the next big return, but with valuations this high, critics suggest some investors may be setting themselves up for a major fall.

Tease photo

Growers struggle with glut of legal pot in Washington state

Washington's legal marijuana market opened last summer to a dearth of weed. Some stores periodically closed because they didn't have pot to sell. Prices were through the roof.