The Department of Justice announced on Friday that it has reached an official settlement with Anheuser-Busch InBev and Grupo Modelo. The deal will allow AB InBev to proceed with its $20 billion purchase of the Mexican brewer.
AB InBev, has been trying to complete a buyout of Modelo, maker of the popular Corona brand, since last June.
Members of the barge shipping industry are on Capitol Hill today, asking Congress to raise the taxes they pay for fuel.
Shippers support a plan that would increase the fuel tax they pay from 20 cents per-gallon to 29 cents per-gallon of diesel fuel. The extra money would be used to fund improvements to locks and dams, some of which are more than 70 years old.
Hundreds of retired and current union miners from across the country descended on St. Louis on Tuesday to protest Peabody Energy and the potential loss of their pension plans.
Most of the miners worked for either Peabody Energy or Arch Coal, but their benefits are threatened by the bankruptcy of Patriot Coal last year. Patriot was spun off from Peabody in 2007, along with the healthcare obligations of many Peabody and Arch Coal employees.
After over 3 years of litigation, developer Paul McKee’s controversial Northside Regeneration Project is being allowed to proceed. On Tuesday the Missouri Supreme Court reversed a lower court decision blocking McKee’s use of so-called "Tax Increment Financing," (TIF) for the development.