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Layoffs loom as United Auto Workers strike continues

1 year 3 months ago
United Auto Workers International President Shawn Fain was on "Face The Nation" on Sunday. He said members are "fed up with falling behind." In Wentzville, KSDK learned that this strategic strike plan could cause temporary layoffs to non-striking workers because the Missouri plant is a stamping plant, meaning it helps provide other plants with parts. And with no parts, employees at other plants could soon join their fellow UAW workers on the picket lines. The GM Fairfax assembly plant in Kansas…
Diamond Palmer

St. Louis public company gets warning from NYSE for low share price

1 year 3 months ago
The Creve Coeur-based food technology company said late Friday it has received a non-compliance notice from the New York Stock Exchange because its average closing share price fell below the exchange's required $1-per-share minimum for a 30-day period. The notice follows the company's announcement last month that it has hired an adviser to “explore strategic alternatives."
Nathan Rubbelke

Missouri transportation officials present I-70 expansion roadmap to lawmakers

1 year 3 months ago
“This time next year,” construction will begin on a 20-mile stretch of Interstate 70 in Missouri that runs from U.S. 63 in Columbia to Kingdom City. That’s what Missouri Department of Transportation officials told state lawmakers at a committee hearing Wednesday at the Capitol. Eric Schroeter, assistant chief engineer, and Eric Kopinski, Improve I-70 program director, shared the transportation department’s vision for rebuilding 200 miles of interstate highway, which they estimate will take…
Alyse Pfeil

4 strategies to protect your business from falling victim to fraudulent activities

1 year 4 months ago
As digital transformation accelerates, businesses have renewed their focus on security, stability and fraud mitigation. That’s with good cause: The rapid movement of large amounts of money in today’s digital era provides ample opportunity for fraudsters to exploit any loophole they can find. This is further compounded by the continuous technological changes within corporations, which inadvertently open more avenues for these criminals. “If you think about the speed at which money can move…
Commerce Bank

St. Charles seeks temporary restraining order against Ameren over planned extraction well

1 year 4 months ago
The city of St. Charles said it was "left with no choice" but to seek a temporary restraining order against Ameren (NYSE: AEE), claiming the company has failed to respond to the city's orders to halt the construction of an extraction well. Ameren Missouri in return is arguing that the well is only necessary due to "irresponsible" and "inappropriate" actions of the city to hamper contamination cleanup efforts at the Elm Point Wellfield. The city announced Thursday that it has filed a motion for…
Kelsi Anderson

UAW workers at Wentzville GM plant begin strike after contract deadline passes

1 year 4 months ago
The United Auto Workers Union announced the General Motors Assembly plant in Wentzville was one of three factories to go on strike overnight Thursday after a contract was not reached by union officials negotiating with Big 3 automakers in Detroit. UAW International President Shawn Fain in a live social media post Thursday night called on one plant in three states – General Motors assembly plant in Wentzville, Missouri; a Ford plant in Wayne, Michigan, in suburban Detroit; and a Stellantis Jeep…
Alex Fees and Laura Barczewski