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Tue, Feb 09 2010 

Business

Business news published in The Joplin Globe

Wally Kennedy: Former grill to become Cabo del Sol

The former MarketPlace Grill, 3615 Hammons Blvd., could be reopening soon as a Mexican restaurant. But this won’t be just any Mexican restaurant. If Whitney VinZant and Corey Gonzalez can turn their vision into reality, Joplin will have a destination restaurant like none other in the market.....more>>

  • St. John’s group gives equipment
    St. John’s Mercy Foundation recently presented rescue extrication equipment to the Seneca Fire Department.

  • January tally boosts Joplin construction
    A stronger than expected January helped push up construction in the first quarter of Joplin’s fiscal year, according to building permits filed with the city.

  • Berkshire rating lowered by S&P
    Berkshire Hathaway, which owns several companies in Southwest Missouri, lost its AAA rating from Standard & Poor’s last week as the insurance-focused conglomerate prepares a big debt offering to help pay for its acquisition of railroad operator Burlington Northern Santa Fe.

  • New SEC-Bank of America settlement faulted
    A federal judge who rejected the government’s first bid to settle civil charges against Bank of America Corp. showed little enthusiasm Monday for a new proposed settlement.

  • Build-A-Bear to expand its on-air, multimedia offerings
    Build-A-Bear Workshop, which recently worked with Disney-ABC Television Group to develop its first feature movie, will expand its on-air and online multimedia offerings through a new partnership with A Squared Entertainment, the companies announced on Monday.

  • Boeing’s 747-8 freighter completes first flight
    Boeing Co.’s giant 747-8 freighter — the biggest plane the company has ever built — successfully completed its first flight Monday, a year later than originally planned.

  • Toyota recalls 437,000 Priuses, hybrids globally
    oyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest in a string of embarrassing safety lapses at the world’s largest automaker.

  • Empire sees earnings rise
    The Empire District Electric Co. has announced that net income for 2009 came to $41.3 million, or $1.18 per share, on revenue of $497.2 million. That compares to net income of $39.7 million, or $1.17 per share one year earlier. Revenue for 2008 came to nearly $518.2 million.

  • Tyson reports profit return in first quarter
    Tyson Foods, one of the largest employers in Southwest Missouri, reported net income in its first quarter of $160 million, or 42 cents per share, on revenue of $6.6 billion.

  • Penn National Gaming's Kansas City casino faces one more test
    A partnership hoping to build a casino in Kansas City, Kan., is expected to clear its final regulatory hurdle this week.

  • Wind farm proposed for central Missouri
    Some central Missouri farmers are considering a new crop: wind.
    More than 50 farmers and property owners from northern Benton County have agreed to explore whether to bring a 300-megawatt wind farm to the area.

  • Boeing says 747-8 freighter’s taxi tests went well
    Boeing Co. says taxi tests on its giant 747-8 freighter went well, and the new plane should make its first flight on Monday.

  • Toyota loses some luster in hometown over recalls
    Even in its hometown, the great automaker has lost some of its mystique.
    Rising out of the barren winter rice fields of central Japan, this city of 400,000 people is probably the most Toyota-friendly place on the planet.

  • THE INFLUENCE GAME: Toyota’s powerful DC friends
    Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.

  • Frustrated job seekers deciding to call it quits
    Many jobless people have reached a conclusion that captures the depth of the unemployment crisis: Looking for a job is a waste of time. he economy is growing. Yet it’s creating few jobs. That’s why in the past eight months, 1.8 million people without jobs left the labor market.

  • Boeing says 747-8 freighter to make first flight
    Boeing Co.’s giant 747-8 freighter should make its first flight Monday after performing well on taxi tests and reaching a top speed of about 103.5 mph, the company said.

  • Toyota to announce action soon for Prius hybrids
    Toyota said Sunday that it will soon announce a plan for dealing with braking problems in its Prius hybrid amid reports that the world’s largest automaker plans to issue a recall for the latest model of the vehicle in Japan.

  • Tyson Foods returns to 1Q profit companywide
    Tyson Foods Inc. returned to a profit in its fiscal first quarter as conditions in the meat industry eased, the company said Friday, and the news sent its shares soaring to a 52-week high.

  • GM nixes plan to move jobs out of Detroit
    General Motors has shelved plans to move hundreds of workers from its downtown Detroit headquarters and will keep about 5,000 people at its current offices, the automaker announced Friday.

  • Stocks pull out of slump but end week lower
    A battered stock market recovered from a sharp drop in late trading Friday but still posted its fourth straight weekly drop.

  • Today is deadline for Small Business of the Year Awards nominations
    Today is the last day to nominate a small business for the 2010 Small Business of the Year Awards presented by BKD and the Joplin Area Chamber of Commerce.

  • Modine reports bump in quarterly earnings
    Modine Manufacturing Co., which has a plant in Joplin, recently reported third quarter net sales of $302.4 million, down from the $325.6 million reported a year ago.

  • Jack Henry generated $210 million for quarter ending Dec. 31
    Jack Henry and Associates recently reported an 11 percent increase in second-quarter revenue.

  • Companies boost productivity and put off hiring
    Employers are managing to boost production without creating new jobs. The question is when they’ll feel the need to ramp up hiring.

  • Stocks set to extend slide, jobs report looms
    Stocks are set to extend their slide Friday as markets overseas tumble on fresh worries about the strength of a global economic recovery. Stock futures fell, but were off their morning lows.

  • Tyson Foods returns to 1Q profit on turnaround
    Tyson Foods Inc. said Friday it returned to a profit in its fiscal first quarter as its beef, pork and chicken units all made money.

  • Toyota dealers extend hours to fix faulty pedals
    Toyota’s dealers, who have started to repair defective gas pedals in millions of U.S. vehicles, are extending hours, making house calls and offering other services as they try to repair the damage to Toyota’s reputation.

  • Boeing tests inside of new 787
    Boeing Co. designers and marketers are betting that a lot of subtle changes in the interior of their new 787 jetliner will add up to strong passenger demand to fly on the plane.

  • Senate close to deal on credit for adding workers
    Key Democrats and Republicans neared agreement Wednesday on plans to give businesses a tax break for hiring unemployed workers, a rare glimmer of bipartisanship in Congress that could hand President Barack Obama a badly needed political victory.

  • Wal-Mart laying off 300
    Wal-Mart Stores Inc. is cutting 300 administrative jobs at its headquarters as it completes a yearlong series of changes to improve performance. The company has cut almost 14,000 jobs in the past 13 months.

  • Toyota says Prius had brake design problems
    Toyota acknowledged design problems with the brakes in its prized Prius, adding to the catalog of safety woes at the Japanese automaker as it reels from massive global recalls involving faulty gas pedals.

  • Obama pitches aid for struggling small businesses
    President Barack Obama’s bid to sell his economic agenda and re-energize voters picks up in politically significant New Hampshire, where he will again promote an idea to free up money for small businesses that are hurting.

  • Equity firm buys Genmar, gets Ranger Boats plant
    A private equity firm closed Tuesday on the purchase of Wood Manufacturing Inc., the maker of Ranger Boats, whose factory in Flippin is the largest employer in Marion County.

  • AP Interview: LaHood says Toyota slow to respond
    The Obama administration’s top transportation official sharply criticized Toyota Motor Corp. on Tuesday for dragging its feet on safety concerns over its gas pedals, suggesting the automaker was “a little safety deaf” to mounting evidence of problems.

  • Economy spurs shift to cheaper booze
    Americans’ love affair with top-shelf booze cooled last year as the recession took a toll on high-priced tipples.

  • Obama pitches aid for struggling small businesses
    President Barack Obama’s bid to sell his economic agenda and re-energize voters picks up in politically significant New Hampshire, where he will again promote an idea to free up money for small businesses that are hurting.

  • European stock markets rally for second day
    European stock markets rose Tuesday as strong manufacturing surveys from around the world lifted investor optimism. The biggest mover across markets was the Australian dollar, which slumped after Australia’s central bank surprised by keeping interest rates on hold.

  • Whirlpool 4th-quarter profit more than doubles
    Whirlpool Corp.’s cost-cutting and big sales gains in Asia and Latin America helped it more than double its fourth-quarter profit, the company said Tuesday.

  • Stock futures rise ahead of housing sales report
    Stock futures rose modestly Tuesday as investors are betting that upcoming economic reports will show more signs of growth.

  • PSU students win honors
    A team of construction management students at Pittsburg State University returned from this year’s International Builders Show with record-setting honors.

  • Workshop set for unemployed
    A free workshop for the unemployed will be held from 3:30 to 6 p.m. Tuesday, Feb. 23, at Mount Vernon High School, 400 W. Highway 174.

  • Wally Kennedy: Third Walgreens store opening soon
    Expect to see shelf-stocking activity fairly soon at the new Walgreens store that’s ready for occupancy at the southeast corner of 20th Street and Range Line Road.

  • Bookstores say frigid weather draws business
    Susie Davidson knows what will happen as soon as meteorologists announce an impending snowstorm: Customers will flock to the store she and her husband John own, Changing Hands Book Shoppe, 528 S. Virginia Ave, in Joplin.

  • L&P reports earnings increase
    Year-end sales for Leggett & Platt came to just more than $3 billion, down 25 percent from sales of just more than $4 billion one year earlier, but net revenue and earnings per share rose.

  • Survey shows jump in Midwest economic recovery
    Business leaders in nine Midwest and Plains states are starting to believe that the region’s economy is picking up steam, according to results of a January survey released Monday.

  • Paulson says economy recovering, defends bailout
    Former Treasury Secretary Henry Paulson says the country would have suffered Great Depression-era joblessness, near 25 percent, if the government hadn’t arranged the financial system bailout.

  • Exxon Mobil 4Q profit drops 23 percent
    Exxon Mobil says its fourth-quarter earnings tumbled 23 percent as higher oil prices squeezed profit margins in its refining business.

  • States seeking to ban mandatory health insurance
    Although President Barack Obama’s push for a health care overhaul has stalled, conservative lawmakers in about half the states are forging ahead with constitutional amendments to ban government health insurance mandates.

  • Stock futures point to higher opening
    Stock futures are rising Monday, pointing to a higher opening after Wall Street ended a disappointing January with a loss.

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