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Spirit Airlines and JetBlue Airways Corp. have terminated their multibillion-dollar merger agreement.

A country club in Troy, Missouri, caught fire late Sunday afternoon. The Lincoln County Fire Chief Michael Marlow said the fire started somewhere in the attic of Woods Fort County Club. “It's a clubhouse, restaurant and golf shop," Marlow said. "There were golfers present. They were operating the below areas where their golf carts are and whatnot. That was quickly evacuated. Some of the employees saw the fire and pulled the fire alarm, which caused them to get evacuated. So there were no civilian…

Barbecue joint Salt + Smoke on Friday opened its newest location in West County.

As part of a new five-year strategic plan, the St. Louis Community Foundation said it will now prioritize grant-making using its discretionary funds in two areas – what it terms economic mobility and youth connections.

A lot of attention was paid to St. Louis' poor performance in the 2020 census. Less discussed is that the region's population problems go back decades.

Graybar, the Clayton-based distributor of electrical, communications and data networking products, has expanded its footprint in Colorado, even as union workers continue a local strike.

This year’s ranking featured 172 Midwestern companies based on revenue growth from 2020 to 2022.

A developer is eyeing property next to Interstate 55 in south St. Louis County for a new 121-home subdivision.

Major League Soccer franchise St. Louis City SC won’t participate in the 2024 Lamar Hunt U.S. Open Cup, a development that comes as MLS’ leadership has denounced the current state of the national soccer tournament.

A state-court judge on Friday OK'd Webster University's move to reclassify restricted endowment funds, amid financial challenges that threaten violation of lending requirements.

Boeing pulled out of Wichita in 2005, leaving Spirit AeroSystems as a breakoff company manufacturing fuselages and other components for Boeing and other customers.

A Missouri-based loan servicing organization pushed back Friday on allegations that it mismanaged a federal aid program, arguing the U.S. Department of Education is partially to blame for complaints included in a recent report. The Higher Education Loan Authority of the State of Missouri, better known as MOHELA, said in an emailed statement to The Independent that the company follows all guidelines laid out by the  U.S. Department of Education’s Office of Federal Student Aid. That, the company…

Tarlton Corp., one of the St. Louis region's largest private companies, has promoted a new chief operating officer.

A quickly growing cookie chain plans to open its first St. Louis-area store by early summer. But the company’s plans don’t stop there, as additional stores are already in development, with at least seven shops set to open in the region.

Budget restrictions, scheduling, quality, and safety are major pain points for commercial real estate developers. Engaging a construction expert like Poettker Construction early in the project’s lifecycle offers the client financial transparency, safety performance, quality construction, and schedule management. Advantages to the developer include having insight into industry constraints such as long procurement times and workforce shortages that may hinder a project’s timeline, ensuring potential…

Furthering its commitment of service excellence for clients and the St. Louis community, Busey Bank is pleased to offer enhanced services with the relocation of its Clayton service center to a larger, more all-encompassing facility at 190 Carondelet Plaza. “The new location is beautiful, especially with the inclusion of local artwork with our unique partnership with the Saint Louis Art Fair,” said Jeff Burgess, executive vice president and president of Busey Wealth Management. “By investing…

In a world where wars, pandemics and political crises loom large, understanding their impact on financial markets is more crucial than ever. The need for deeper understanding is what drove my colleagues and me to delve into how the mere prospect of these rare disasters influences stock market returns, offering insights that bridge economic theories with real-world investor behavior. Rare disasters — events catastrophic yet infrequent — pose a unique challenge to financial economists. They're…

Today, women are estimated to control one third of total U.S. household financial assets — more than $10 trillion. Generational influences, inherited funds and growing roles in corporate leadership have led to the evolving responsibilities of women when it comes to household economic decisions. As a result of this shift, wealth management advisors are seeing a higher demand from women seeking advice as they focus on their financial goals. Kathleen Edgecombe, senior vice president - tax and financial…

College isn’t for everyone by any means, but still, and it will remain so, college is vital and important for many.

I think there might be too many MBAs running companies. There should be more focus on the project or service itself, less time on board meetings, less time on financials. Tweet from Elon Musk on Dec. 10, 2020 Skepticism about the value and efficacy of an MBA program is nothing new. Prominent management scholars have voiced their criticisms about the value of getting an MBA over the years. Prefer and Fong, for example, argued in 2002 that an MBA is more about profiting business schools rather than…