Jefferson City, Mo. – Missouri officials have given preliminary approval to the state's share of a nearly $1.4 billion national settlement with Wall Street brokerage houses.
The settlement involves 10 investment firms whose analysts recommended stocks to investors while their investment banking divisions were underwriting them. Merrill Lynch is one of the 10 firms. Missouri Secretary of State Matt Blunt said the company's analysts were encouraged to give exaggerated stock values.
Jefferson City, MO – A dispute between state officials and lobbyists has stalled legislation over pharmacies. The proposal was written after the case of Kansas City druggist Robert Courtney, who was convicted of diluting prescriptions.
The legislation would allow the state's Board of Pharmacy to be more aggressive in cases that could threaten people's health.
St. Louis, Mo. – The St. Louis Board of Aldermen began a new session today. 3rd Ward Alderman Freeman Bosley Senior has re-introduced a bill that would ban smoking in all city-owned buildings, including Lambert Airport.
Bosley proposed the change to the city's smoking ordinance last summer, but officials wanted to test the air at the airport first.
Washington, D.C. – Missouri Senators Kit Bond and Jim Talent - upset with the way former TWA employees have been treated - want to meet with the new head of American Airlines.
The two Republicans say they want to talk with CEO Gerard Arpey about how to fairly integrate the TWA workers who are now employed by American. They also want to stress the importance of American Airlines to Missouri's economy.
St. Louis, Mo. – The Association of Professional Flight Attendants' board of directors has accepted a new agreement with American Airlines that they say will keep the company out of bankruptcy. But St. Louis-based workers say they'll be worse off.
Former TWA flight attendant Sherry Cooper was one of five APFA board members who voted against the proposal. She says the union failed to fight for St. Louis employees.
Columbia, MO – Officials with the University of Missouri System and Northwest Missouri State University have decided to wait until next year's legislative session to get approval for a merger.
UM System President Elson Floyd and Northwest President Dean Hubbard say there's not enough time for the General Assembly to consider the merger in the current legislative session, which ends next month.
Springfield, ILL. – Illinois Gov. Rod Blagojevich says he's considering taking over Illinois' nine casinos and hiring a management company in an unprecedented move to operate the riverboats for the state's profit.
The governor says he is also considering auctioning off the nine licenses currently in use to raise money to fill the state's $5 billion budget deficit.
The casino industry immediately called the proposals "preposterous."