Jefferson City, MO – Missouri's State Employees' Retirement System has lost around $3.5 million to a massive scam allegedly run by New York investor Bernie Madoff.
State Treasurer Clint Zweifel, who took office earlier this week, says he was informed Thursday that the investment firm Silver Creek Capital Management had fed money from the retirement fund, also known as MOSERS, to Madoff.
He also says the state should consider legal action.
St. Louis, MO – Machinists at GKN Aerospace in Hazelwood will vote this weekend on a second contract offer from the aerospace parts company.
The members of The International Association of Machinists and Aerospace Workers District 837 rejected the company's first contract offer on Sunday over changes to pensions, health insurance and overtime. Union spokesman Tom Pinski says the new contract appears to address the members' concerns.
Carlinville, IL – A stretch of railroad in southwestern Illinois is out of service because an Amtrak train headed from St. Louis to Chicago has hit a garbage truck blocking the tracks.
Amtrak says none of the train's 38 passengers were seriously injured in the accident shortly after 9 a.m. today just north of Carlinville. Amtrak says the wheels of the locomotive derailed from the Union Pacific tracks after the impact, but the four-car train remained upright and coupled.
St. Louis, MO – Workers and officials at GKN Aerospace in Hazelwood have returned to the bargaining table.
Members of the International Association of Machinists and Aerospace Workers District 837 rejected the company's first contract offer on Sunday over changes in their pensions, overtime and health insurance.
Union spokesman Thomas Pinski says 837's chief negotiator will not bring a contract back to the members unless there are "significant improvements" in those areas.