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  • TeamBank under scrutiny

    - 05/10/2008 12:05 AM CDT

    Regulators have determined TeamBank and its affiliate in Colorado are heavy real estate lenders in “troubled condition,” the banks’ parent company said.

  • Heads up: Oil rises above $126 a barrel

    - 05/09/2008 09:34 PM CDT

    Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, before settling at a record $125.96 in New York trading. Gasoline prices, meanwhile, rose to an average of $3.67 a gallon nationally and $3.584 in the Kansas City area.

  • World business briefs: Canada blocks Alliant Techsystems takeover

    - 05/09/2008 09:34 PM CDT

    Canada confirmed Friday its decision to block a U.S. company’s takeover of the space and satellite division of MacDonald, Dettwiler and Associates Ltd ., Canada’s leading space technology firm. The U.S. company is Alliant Techsystems, the Twin Cities munitions and rocket component company that also operates the bullet factory at Lake City.

  • Earnings reports

    - 05/09/2008 09:34 PM CDT

    Clear Channel Communications Inc. reported first-quarter earnings of $799.7 million, or $1.61 per share, compared with $102.2 million, or 21 cents per share, a year ago. Revenue rose 4 percent to $1.56 billion. The company just completed the sale of its TV station group for $1 billion and is in the process of shedding 275 radio stations as part of a pending transaction to take the company private.

  • National business briefs: Shrinking Citigroup

    - 05/09/2008 09:34 PM CDT

    Citigroup Inc. said Friday that it aims to shed $500 billion in assets and increase revenue by 9 percent over the next few years as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets.

  • Local business briefs: Argosy in Riverside is No. 8 on list of world’s best hotels

    - 05/09/2008 09:34 PM CDT

    Expedia travelers have ranked the Argosy Casino Hotel & Spa in Riverside at No. 8 among the world’s best hotels.

  • Kansas City cash grain on May 9

    - 05/09/2008 09:34 PM CDT

    KANSAS CITY — Wheat: 24,837 bushels: 33 cents lower to 10 cents higher; No. 2 hard, 7.84-8.72 1/2 nominally; No. 3, 7.73-8.71 1/2 nominally; No. 2 red wheat, 7.99-8.72 1/2 nominally; No. 3, 7.88-8.71 1/2 nominally.

  • Missouri cash grain on May 9

    - 05/09/2008 09:34 PM CDT

    Daily trends: Soybeans .37 to .49 higher. Wheat .17 to .22 lower. Corn .01 to .05 lower.

  • Strike at GM’s Fairfax plant goes into its fifth day

    - 05/08/2008 09:42 PM CDT

    General Motors Corp. made progress Thursday on some of its labor issues elsewhere, but the strike at the Fairfax assembly plant in Kansas City, Kan., enters its fifth day today as bargaining continues.

  • Mortgage lender accused of contempt in claims settlement

    - 05/08/2008 09:42 PM CDT

    A mortgage lender that settled a lawsuit accusing it of charging illegal fees has been threatened with contempt after it rejected the vast majority of claims under the settlement.

  • Something special just for you, Mom

    - 05/08/2008 09:42 PM CDT

    Mother’s Day may be a little less rosy for moms this year. Gas prices and other economic issues will have consumers cutting back a bit for the holiday, spending an average of $138.63, compared with $139.14 in 2007, according to a survey conducted by BigResearch for the National Retail Federation.

  • MGP reports loss, assesses pet-related businesses

    - 05/08/2008 09:42 PM CDT

    MGP Ingredients Inc. reported higher sales but a loss for the third quarter and said it is exploring “strategic alternatives” related to its facility in Kansas City, Kan.

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