The Joplin Globe, Joplin, MO

Watch the day's top business stories unfold
Power Sports of Joplin seizes cover story
Power Sports of Joplin is currently on the front cover of the national magazine Dealernews, which highlights successful power sports retailers.
People in business
Sony hopes online service will build brand loyalty
Sony’s new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said Friday
Oil moves down near $77 amid economic uncertainty
Oil prices edged down toward $77 a barrel on Friday after a drop in many stock markets and amid concern about the strength of the global economic recovery.
Survey suggests improving economy in Plains
For the third straight month, a survey of rural bankers in the Midwest and Plains suggests the weak economic conditions are strengthening, if slowly.
Downbeat Dell weighs on world markets
European stock markets fell Friday and Wall Street was expected to open lower amid mounting concerns about the pace of the U.S. economic recovery following a disappointing earnings update from computer maker Dell Inc.
Stock futures point to lower opening
Stocks are set to continue their slide when the market opens Friday as the dollar strengthens further, and after a week of mixed economic reports. Futures are lower.
Oil falls below $79 amid mixed economic signs
Oil prices slipped below $79 a barrel Thursday amid mixed signals over the strength of the global economic recovery.
By early afternoon in Europe, benchmark crude for December delivery was down 68 cents to $78.90 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 44 cents to settle at $79.58 on Wednesday.
Sears narrows 3Q loss on cost-cutting efforts
Sears Holdings Corp. posted a smaller third-quarter loss Thursday because it cut costs and better matched inventory with falling sales.
AOL to lay off a third of staff
AOL says it plans to cut about a third of its work force once it is spun off from the media conglomerate Time Warner Inc.
Stocks futures indicate lower opening
Stock futures are pointing toward a lower opening Thursday, following the lead of overseas markets and as the dollar strengthened.
New jobless benefit claims unchanged at 505K
The number of newly laid-off workers seeking unemployment insurance was unchanged last week, remaining above the level that would indicate the economy is adding jobs.
Euro higher as officials try to support dollar
The euro was higher against the dollar Wednesday as traders looked past calls from central bankers for a stronger U.S. currency.
Obama: Job creation not goal of Dec. 3 jobs forum
President Barack Obama says creating jobs isn’t the goal of a coming White House forum on jobs and economic growth.
World stock markets awaiting key US data
European stock markets rose modestly Wednesday after a mixed session in Asia as investors looked for renewed direction from key U.S. economic figures on inflation and housing due for release later in the day.
Lloyds gets EU approval for UK bailout
Britain’s Lloyds Banking Group PLC won EU approval Wednesday for its 17 billion pound ($28.6 billion) government capital injection in return for shrinking its operations.
Stock futures point to modestly higher opening
Stock futures are pointing to a modestly higher opening Wednesday as investors await a new report on the housing market and the dollar resumed its slide.
Wally Kennedy: Madison Street remains hot
It won’t be long now before some important improvements come to Madison Street between Sunset Creek and 13th Street in Webb City.
I have been asked why I pay attention to Madison Street.
Mortgage delinquencies hit another record in 3Q
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
Oil down to near $78 as dollar rebounds
Oil prices fell to near $78 a barrel Tuesday as traders continued to focus on the dollar’s exchange rate, whose rise makes crude more expensive for international investors.
Stock futures point to lower opening
Stock futures are pointing to a lower opening as investors sort through another round of economic data and retail earnings.
Wholesale inflation up less than expected in Oct.
Wholesale prices rose less than expected in October as a weak economy keeps inflation pressures largely in check.
LaBarge secures defense contracts & Jack Henry board declares dividend
Survey to be taken in Barton County
An economic development survey will be taken in Barton County. The project, called Barton County Biz, will start soon. The comprehensive survey will contact a cross section of businesses and industries of all sizes throughout the county.
AP IMPACT: Tobacco execs quickly find tax loophole
With a simple marketing twist, tobacco companies are avoiding hundreds of millions of dollars a year in taxes by exploiting a loophole in President Barack Obama’s child health law.
CIT Group says 3Q loss widened to $1.07 billion
Commercial lender CIT Group, which recently filed for bankruptcy protection, says it lost $1.07 billion during the third quarter.
Viacom’s cable networks win rights to Jackson film
Viacom Inc. says it has won exclusive rights in the U.S. to air “Michael Jackson’s This Is It” on its MTV and BET cable networks starting in 2011.
World stocks buoyant ahead of US retail sales data
World stock markets advanced Monday after figures confirmed that Japan, the world’s second biggest economy, was growing strongly and ahead of key U.S. retail sales data.
Oil rises above $77 as traders eye dollar, demand
Oil prices rose above $77 a barrel Monday, helped by a weaker U.S. dollar and forecasts indicating global crude demand will improve next year.
Lowe’s 3Q profit falls but co. sees signs for hope
Lowe’s Cos., the No. 2 home-improvement retailer, said Monday its third-quarter profit fell 30 percent as customers continued to delay large purchases amid a weak economy. But Lowe’s said some of the hardest hit home markets are stabilizing.
Retail sales rise 1.4 percent in October
Retail sales rose more than expected in October, but the gain largely reflected a big rebound in auto sales.
GM reports $1.2B loss, says it shows progress
General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
Stock futures point toward higher opening
Stock futures continue to point to a higher opening after a new report showed retail sales rebounded in October, rising more than expected.
Dow posts gains on Friday
Encouraging earnings news from major retailers and The Walt Disney Co. drew investors back into the stock market to cap a second big week of gains.
Exports expected to grow, narrowing trade gap, but it won’t happen overnight
A weaker dollar may boost the nation’s economy by increasing exports and narrowing the trade gap — but that won’t happen anytime soon.
Google makes concessions on digital book deal
Google Inc. will loosen its control over millions of copyright-protected books that will be added to its digital library if a federal judge approves a revised legal settlement addressing the earlier objections of antitrust regulators.
Struggling studio MGM says it’s looking for buyer
Struggling movie studio Metro-Goldwyn-Mayer Inc. is looking for a buyer.
The home of the James Bond and Pink Panther franchises said Friday it has begun to explore strategic options including “a potential sale of the company.”
Taiwanese protest imports of US beef
Thousands of Taiwanese have taken to the streets to protest a government decision to lift a six-year ban on imports of some kinds of U.S. beef.
Euro up to $1.4873 in European trade
The euro was slightly higher against the dollar Friday after Germany reported that growth in its economy, Europe’s biggest, accelerated in the third quarter.
Oil creeps above $77 amid US demand concerns
Oil prices crept above $77 a barrel Friday as the weaker dollar, which makes crude cheaper for international investors, offset doubts about U.S. crude demand.
Ahead of the Bell: Rise in natural gas reserves expected
The Energy Department on Friday is expected to report a build of 14 billion to 18 billion cubic feet of natural gas storage inventories for the week ended Nov. 6, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
European stocks steady ahead of Wall Street open
European stock markets awaited direction from Wall Street on Friday despite the news that the recession in the 16-country eurozone was over.
J.C. Penney reports sharp drop in 3Q profit
J.C. Penney Co. reported a 78 percent drop in its third-quarter earnings because of a big expense for its pension plan.
Trade deficit widens more than expected in Sept.
The U.S. trade deficit widened more than expected in September as foreign oil prices rose to the highest level in nearly a year, swamping a fifth consecutive gain in exports.
Euro up to $1.5000 in European morning trade
The euro rose against the dollar Thursday as Asian equity markets slowed from recent advances and other economic news signaled the global economy will improve only slowly.
Booming precious metal prices drive gold rush
Gold futures climbed to a new high Thursday, giving another nudge to the gold rush on Main Street as some people scramble to turn in their old jewelry for cash.
Cost cuts, exclusive brands drive Kohl’s 3Q profit
Kohl’s Corp.’s sales of exclusive brands and tight inventory control helped its third-quarter profit rise 21 percent, the company said Thursday.
Oil falls below $79 ahead of US supply report
Oil prices fell below $79 a barrel Thursday amid signs that U.S. crude demand remains weak and as the dollar strengthened, making commodities like oil more expensive for international investors.

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