St. Louis, MO – St. Louis Mayor Francis Slay says he supports the Cardinals' decision to fire the property financing group that had been searching for investors for a new ballpark.
It was revealed this week that Yaqub Mirza, a member of Property Funding Group, is being investigated by the federal government on suspicion of aiding terrorists. Slay says the city's background check of the company turned up nothing unusual but he blames PFG's president for not coming forward about Mirza from the beginning.
Ft. Worth, TX – American Airlines union leaders say they're outraged the company didn't reveal a series of bankruptcy protections for management until after union members voted to cut their pay.
The plan includes bonuses and pension improvements to 45 top executives that would be paid regardless of whether American went bankrupt. American says the union leadership knew about the plan, but wasn't allowed to discuss it with rank-and-file members because of a confidentiality agreement.
Jefferson City, MO. – The Missouri Senate's budget committee Thursday approved a budget that includes almost $600 million dollars in cuts, nearly three-fourths of whcih would come from the two departments that oversee schools and colleges.
The budget plan cuts $587 million dollars from what Governor Bob Holden proposed to spend during the fiscal year starting July first.
St. Louis, MO. – The Cardinals have fired the company originally pegged to find private investors for a new stadium.
The team dropped Washington-based Property Funding Group, citing unspecific concerns with some investors. That means Bank of America Securities will now try to find $275 million in private money to pay for the new park.