The boards of American Airlines and US Airways just approved a merger of the two airlines. But the deal still has to win the approval of antitrust regulators at the Justice Department — regulators who last month sued to stop a merger between the beer giants Anheuser-Busch InBev and Grupo Modelo, which brews Corona.
The antitrust division has dozens of economists on staff. Their job, essentially, is to figure out whether a merger would reduce competition so much that a company could raise prices without losing business to competitors.
After years of delays, work on Ballpark Village in St. Louis is finally under way.
The St. Louis Cardinals broke ground on Friday on the $100 million first phase of the project that will be developed on the site of the old Busch Stadium, next to the new stadium.
Ballpark Village was part of the development agreement between the city and the Cardinals when planning for the new stadium began back in 1999. As it stands the team says phase one will be accessible to fans as of Opening Day 2014.
Digging out of an economic crisis can be a lot more complicated than getting in to one and can take a lot more time, too. While there are positive signs that we are climbing out of the recession, there is still considerable fallout, especially for young couples and recent college grads.
Jobs are still hard to find for newcomers in the job market and college debt is overwhelming for many. The housing market decline, and resulting loss of wealth, was especially painful for young home owners.
Hundreds of miners from across the country protested outside of St. Louis-based Peabody Energy on Tuesday.
The miners are accusing Peabody of orchestrating a bankruptcy in order to skip out on pension and healthcare benefits owed to some 10,000 retirees and their dependents.
At the heart of the dispute is Patriot Coal Corp., which was created by Peabody as a stand-alone company in 2007. In creating Patriot, Peabody also transferred a hefty chunk of Peabody’s outstanding pension obligations onto Patriot’s books.