Economy & Innovation

1:25 pm
Fri March 1, 2013

Illinois Sends Cease And Desist Notice To Mobile Payment Company Square

Lead in text: 
A little legal kerfuffle is brewing in the Land of Lincoln with mobile payment company Square. If you didn't know, Square has St. Louis ties - it was created by area natives Jack Dorsey and Jim McKelvey. Learn more from our friends at TechCrunch via the link.
Business
10:32 am
Fri March 1, 2013

St. Louis Defense Industry Braces For Sequester

Scott Air Force Base
Credit (via Wikimedia commons/SSGT CHAD R. GANN, USAF)

Earlier this week the Obama Admiration released a state-by-state breakdown of the $85 billion in cuts slated to kick in on Friday.

The report details cuts to expenditures ranging from teachers and schools, to air-traffic control, to public health and head start.  Among the line-items slated for the largest cuts is military readiness and defense, or more specifically by civilians working for the Department of Defense. 

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St. Louis on the Air
5:42 pm
Thu February 28, 2013

Food Insecurity Prevalent In St. Louis, Throughout The Country

The U.S. Army Corps of Engineers hosts a food drive
(via Flickr/USACEpublicaffairs)

The number of people who do not have enough food in the United States is a serious problem.

Information from the United States Department of Agriculture in 2011 shows:

  • 50.1 million people in the United States live in food insecure households
  • 33.5 million are adults
  • 16.7 million are children
  • 14.9% of all U.S. households are food insecure

Host Don Marsh talked with guests about the food crisis nationally as well as locally.

His guests were:

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Anheuser-Busch InBev
7:15 pm
Wed February 27, 2013

Budweiser May Seem Watery, But It Tests At Full Strength, Lab Says

Plaintiffs accuse Anheuser-Busch of misleading consumers about the alcohol content in Bud Light, Budweiser and other products. The brewer denies the claims.
Gary C. Caskey UPI/Landov

Originally published on Thu February 28, 2013 2:14 pm

Update at 7:35 p.m. ET: Beer Is At Full Strength, Tests Say

Samples of Budweiser and other Anheuser-Busch InBev beers were found to be in line with their advertised alcohol content, according to lab tests conducted at NPR's request. We've rewritten portions of this post to reflect that new information.

Anheuser-Busch is accused of misleading beer drinkers about the alcohol content of Budweiser and other products, in a series of class-action lawsuits filed in federal court.

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Business
2:28 pm
Wed February 27, 2013

Hostess Nearing Sale Of Wonder Bread

A 1956 ad for Wonder Bread from a North Carolina State Fair premium list. Hostess is near a sale of the Wonder Bread brand following the company's shutdown.
(via Flickr/Government & Heritage Library, State Library of NC)

Wonder Bread is one step closer to getting a new owner.

A person familiar with the situation who requested anonymity because the auction process is private says there will be no competing offers Thursday to a bid by Flowers Foods to buy several bread brands from Hostess.

The $360 million bid by Flowers also includes Nature's Pride, Butternut, Home Pride and Merita breads. An auction will still be held for a separate $30 million bid by Flowers for Beefsteak. Any sales require approval by a bankruptcy court.

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Beer
3:23 pm
Tue February 26, 2013

Budwater? Lawsuits Say AB-InBev Is Watering Down Its Brews

(via Flickr/TMQ.st.louis)

Updated 3:34 p.m.

Beer lovers across the country have filed $5 million class-action lawsuits accusing Anheuser-Busch of watering down its Budweiser, Michelob and other brands.

The suits were filed in Pennsylvania, California and other states on behalf of consumers allegedly cheated out of the beverage's stated alcohol content. Budweiser and Michelob each boast being 5 percent alcohol, while some "light" versions are said to be just over 4 percent.

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Business
1:18 pm
Tue February 26, 2013

Peabody: SEC Investigating Ill. Prairie State Power-Plant Project

(St. Louis Public Radio)

One of the nation's biggest coal producers says federal security regulators are investigating the company's role in development of a southwestern Illinois power plant.

St. Louis-based Peabody Energy Corp. says in its annual report that the Securities and Exchange Commission served the company with a subpoena last month requesting information and documents related to the Prairie State project.

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Business
5:06 pm
Fri February 22, 2013

St. Louis City, County, Team Up On Economic Development

St. Louis City Mayor Francis Slay
Credit Adam Allington / St. Louis Public Radio

After decades and decades of competing against each other for jobs, St. Louis City and County announced on Friday, a decision to partner up to attract new companies.

The proposal, called the St. Louis Economic Development Partnership, would merge two agencies—The St. Louis Development Corporation in the city, and the St. Louis County Economic Development Council, under one roof.

Mayor Francis Slay says the move will create a sense of regionalism that has been lacking in economic development.

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Business
5:00 am
Fri February 22, 2013

Bank-On Save-Up Aims To Give Underprivileged Access To Financial Services

Bank-On Save-Up aims to teach individuals the basics of saving money and opening accounts.
Credit Wikimedia Commons

Bank-On Save-Up is a new program aimed at giving individuals and families access to bank accounts. It is part of a nationwide initiative  aimed at helping underprivileged families build financial independence.

The project is being administered locally by a group called the St. Louis Unbanked Taskforce.

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St. Louis on the Air
3:23 pm
Thu February 21, 2013

Despite Delays, Taxes Still Due April 15: St. Louis Tax Expert Lance Weiss

(via Flickr/Tax Credits)

Last year, Congressional negotiations over the so-called fiscal cliff put year-end tax considerations in flux.

A deal was reached, and though the filing acceptance date was delayed a couple of weeks, the Internal Revenue Service is now accepting most 2012 tax returns.

The IRS did not, however, change the tax due date of April 15, 2013.

Host Don Marsh talked with St. Louis-based tax expert Lance Weiss, CPA, of SFW Partners, LLC.

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