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Thursday, July 30, 2015
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Cape Girardeau Area Chamber of Commerce After Hours, Tuesday, July 21, 2015 at Saint Francis Medical Center.
Headlines
Business Notebook: Missouri wine, grape industry value grows to $1.76 billion (07/27/15) 1
Missouri's wine industry grew 150 percent during a recent 10-year period, according to the results of an economic-impact study recently released by the Missouri Wine and Grape Board. The study, which looked at the "full economic impact of Missouri wine and wine grapes" in 2013, was commissioned by the board and performed by Frank Rimerman + Co., an accounting and consulting firm...
Amazon's value surpasses Wal-Mart after surprise second-quarter profit (07/27/15)
NEW YORK -- It's official: Amazon is bigger than Wal-Mart. Amazon shares surged almost 10 percent Friday after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20 percent jump in revenue. The sharp increase in shares brought Amazon's market value to $247.77 billion, more than its biggest rival, Wal-Mart Stores Inc., signaling a sea change in retailing...
Scary headlines don't deter investors (07/27/15)
NEW YORK -- The U.S. economy is growing at a painfully slow pace. Greece still threatens the euro. Chinese stocks recently pulled out of a frightening free-fall. Big companies in the U.S. are struggling to boost profits. You might think it's been a rough year for investors, but it's mostly been a smooth ride -- and a profitable one...
McDonald's eyes variety of changes as sales fall (07/27/15)
NEW YORK -- McDonald's is looking at variety of changes to win back customers in the U.S.: A new value message to replace the Dollar Menu, breakfast all day and nips and tucks to improve the taste of its burgers. "There is no silver bullet. No one move will turn a business that has been in decline for nearly three years," CEO Steve Easterbrook said last week in a conference call with analysts and investors...
People on the Move 7/27/2015 (07/27/15)
David Crader, chief executive officer of The Bank of Missouri and chairman of Reliable Community Bancshares Inc., recently was named a recipient of the Missourian Award, a recognition for outstanding contributions to the state or nation in the fields of civics, business, arts or politics, according to a news release from the bank. ...
Summer ozone levels in region not as bad as feared (07/26/15) 1
Ground-level ozone readings this summer haven't been as worrisome as predicted, local environmental committee members said Friday. The Southeast Missouri Regional Planning and Economic Development Commission's environmental quality committee, a group of government officials and business leaders from area counties, discussed implications for when air-quality standards change soon, among other issues, at their quarterly meeting in Perryville, Missouri...
Businesses in Cape ready to take advantage of clean-energy district (07/26/15) 6
A number of projects will be in the works soon as Cape Girardeau businesses take advantage of the city's involvement in a new, clean-energy district. The city council gave final approval Monday to an ordinance allowing the city to join and participate in the new Show Me PACE district...
Downtown district hires Old Town Cape as coordinator (07/22/15)
Two downtown Cape Girardeau advocates soon will work together to provide enhanced services for the area. The Downtown Cape Girardeau Community Improvement District's board of directors met Tuesday and approved a resolution to enter into a contract with Old Town Cape for management and direct services...
High water takes toll on riverboat dockings (07/21/15)
Only brief glimpses of the grand riverboats that cruise the Mississippi River during summer and fall have been seen in Cape Girardeau this year, as high water and closed floodgates have forced dockings to be canceled. Early Friday morning, the American Queen, a giant steamboat hosting overnight passengers for multiday river cruises, stopped for a short time outside the Themis Street floodgate, but then made its way downriver to the Semo Port...
People on the Move 7/20/15 (07/20/15)
Ronnie Glover recently was named general manager of Max Media and River Radio's Cape Girardeau market. In the role, Glover oversees sales operations and daily programming for an eight-cluster station group and develops and grows relationships in the advertising community from the office at 324 Broadway in Cape Girardeau, a news release stated. ...
Business notebook: Semo Port featured in Business Today (07/20/15)
"Economically, the port has more than earned its keep," said Rice "Pete" Burns, the Southeast Missouri Port Authority's board of commissioners chairman, in a recent interview with the Southeast Missourian. In 2014, the port handled more than 1.3 million tons of freight, the most it's seen, and made $111,000 after expenses -- money port administrators said they hope can go toward continuing expansion, including a loop railroad track on their wish list...
Google's second quarter signals new era of austerity with new CFO (07/20/15)
SAN FRANCISCO -- After years of big spending on risky projects CEO Larry Page proudly hails as "moonshots," Google may be launching into a new orbit of financial discipline. Investor hopes for a more austere Google largely are tied to the arrival of a new chief financial officer, Ruth Porat. ...
Kodak takes on new role: startup landlord (07/20/15)
ROCHESTER, N.Y. -- The chemical know-how and machines that spooled out countless miles of film are being eyed for medical marijuana and solar cells, while the private rail line now carries tomatoes alongside coal as photography pioneer Kodak, its bankruptcy behind it, embraces a new role: startup landlord...
Tax liens (07/20/15)
Cape Girardeau County Tax liens and lien discharges recorded at the office of Drew Blattner, recorder of deeds, during June are filed by the Missouri Department of Revenue, except as indicated by IRS designation. For more information, contact the recorder's office at 573-243-8123...
Bankruptcies (07/20/15)
Bankruptcies filed through June for the Southeastern Division of the Eastern District of Missouri's U.S. Bankruptcy Court are listed below with their corresponding case numbers. The Southeast Division includes the counties of Bollinger, Butler, Carter, Dunklin, Madison, Mississippi, New Madrid, Pemiscot, Perry, Reynolds, Ripley, Scott, Shannon, Stoddard and Wayne. Court is held in Cape Girardeau...
Business licenses (07/20/15)
Business licenses issued in Cape Girardeau during June include the following: Hangout, 727 Broadway Lightz ENT LLC, 731 Broadway Le Bounce, 2502 Tanner Drive, Suite 103 Crown Exteriors LLC, out of town A+ Kutz by Antonio, 821 Broadway Sherry Rust Photography LLC, 339 Broadway, Suite 154...
Health briefs (07/20/15)
BROWN JOINS TINSLEY CLINIC POPLAR BLUFF, Mo. -- Sara Brown, a family nurse practitioner, joined Tinsley Medical Clinic in Poplar Bluff and is now accepting new patients. JACKSON MANOR RECEIVES ACCREDITATION Jackson Manor nursing home in Jackson received Providigm's Quality Assurance and Performance Improvement Accreditation, according to a news release from the nursing home. ...
Names in the news (07/20/15)
MONDI JACKSON HONORS EMPLOYEES Hugh McGowan of Jackson was employee of the month for June at Mondi Jackson Inc. McGowan, a press assistant, has been with the company since Dec. 9, 2013. Mondi Jackson also recognizes the following employment anniversaries: Daniel Heisserer and Doug Davis, 25 years of service; Daniel Peterson, Ande Pfeiffer, Thomas VanderFeen, Chad Ritter, Pete Weaver and Michelle Clippard, 15 years; and Matthey Kinsey, Darren Whitledge and Kristin Caldwell, five years...
Business briefs (07/20/15)
BUCHHEIT LOGISTICS BUYS POLYONE FACILITY Buchheit Logistics, a Scott City transportation and warehousing company, announced the purchase of the former PolyOne facility at 4753 Nash Road in Cape Girardeau. The 54,000-square-foot facility will enhance the company's capabilities and expand its warehousing footprint, according to a news release from Buchheit Logistics. ...
Going organic: USDA funds available to help farmers cover organic certification fees (07/20/15)
To provide the opportunity for more farmers to become certified organic, the U.S. Department of Agriculture, as part of its National Organic Program, designed a plan to help farmers defray the cost of certification. Created by the 2002 Farm Bill, the program provides states with an opportunity to reimburse farmers who become USDA certified organic, or who renew their organic certification. ...
Farming from the sky: Farm use of drones to take off as feds loosen restrictions (07/20/15)
CORDOVA, Md. -- Mike Geske wants a drone. Watching a flying demonstration on Maryland's Eastern Shore, the Missouri farmer envisions using an unmanned aerial vehicle to monitor the irrigation pipes on his farm -- a job he now pays three men to do. "The savings on labor and fuel would just be phenomenal," Geske says, watching as a small white drone hovers over a nearby corn field and transmits detailed pictures of the growing stalks to an iPad...
Battling Mother Nature: Farmers remain optimistic despite being hampered by heavy rains this season (07/20/15)
Unusually high amounts of rainfall in May and June have forced Southeast Missouri farmers, and farmers statewide, to plant later and plant less acreage this agricultural season. Statewide, Missouri received average rainfalls of about 7.5 inches for May and June, which both rank in the top 15 of their respective months ever recorded in the state, according to articles written by state climatologist Patrick Guinan on the Missouri Climate Center's website...
Shipping via Semo Port keeps ag industry buoyant (07/20/15)
A world demanding more exports of agriculture commodities means busier times for the place in Southeast Missouri charged with shipping out and bringing in products necessary for large-scale crop production. In 2014, the Southeast Missouri Regional Port Authority handled 1.3 million tons of cargo, a record-setting amount consisting of 70 percent agricultural sector products, says port executive director Dan Overbey...
View from the 'on-ramps to the river': Dan Overbey shares his perspective from 22 years as executive director of the Semo Port (07/20/15)
Dan Overbey's been working at the Southeast Missouri Regional Port Authority for the past 22 years. He's seen it grow and expand its products, and has even been through some of its tougher financial situations. But through it all, he's remained committed and enjoyed the many aspects of his job...
Business notebook: State-funded highway, bridge projects to become scarce (07/13/15)
Most of the Missouri Department of Transportation road and bridge work -- estimated to employ hundreds of people every year in Southeast Missouri through contracts -- will disappear during the next few years as the agency turns to a maintenance-only plan for major routes...
People on the Move 7/13/2015 (07/13/15)
Dr. Jeffrey A. Biskup, an anesthesiologist, recently joined Southeast Hospital's medical staff. Biskup is affiliated with Southeast Anesthesiology, according to a news release from SoutheastHEALTH. He earned a bachelor's degree from the University of Florida and received his medical degree from the Kansas City University of Medicine and Biosciences. ...
Rent increases force small businesses to move, revamp (07/13/15)
NEW YORK -- Rising commercial rents in newly trendy areas are forcing some small companies to change not only where they do business, but how they do it. When Turchin Jewelry's owners decided to leave Miami's Design District rather than absorb a rent increase of $18,000 -- more than triple what they were paying -- they couldn't find affordable retail space. ...
Last flight for US Airways expected in October (07/13/15)
DALLAS -- The last flight for US Airways will take place this fall, and one more name in airline history will disappear. The farewell flight for US Airways will be a red-eye -- Flight 434 is scheduled to leave San Francisco about 10 p.m. and land in Philadelphia after 6 a.m. Oct. 17. The US Airways website will be turned off. Airport kiosks and signs will change to American Airlines...
Toy 'Minion' curse words might be all in your head (07/13/15)
NEW YORK -- McDonald's swears up and down the little yellow "Minions" Happy Meal toy is speaking only nonsense words and not something a little more adult. Experts say the company may be right, and the curse words many hear may be tied to how our brains are primed to find words even when they're not really there...
Officials beat drum for transportation tax renewal (07/12/15) 6
Cape Girardeau city officials and business leaders on Friday encouraged support for renewing a half-cent sales tax for transportation projects. The pay-as-you go, five-year tax that generates revenue for the city's Transportation Trust Fund, or TTF, will go before voters in August...

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AP Business news
  • Twitter stock tumbles as user growth stalls
    NEW YORK (AP) -- Tepid user growth and ongoing uncertainty about its leadership dragged Twitter's stock to its lowest level in over a year Wednesday, even though the short-messaging service reported sharply quarterly higher revenue.
  • Yelp and Twitter are big market movers
    NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
  • MasterCard 2Q profit slips and revenue falls short
    PURCHASE, N.Y. (AP) -- MasterCard Inc. on Wednesday said that its second-quarter profit edged down 1 percent as a strong dollar weighed on the company's results.
  • US strength helps Goodyear top expectations
    AKRON, Ohio (AP) -- The Goodyear Tire & Rubber Co. on Wednesday reported a drop in second-quarter profit as a strong U.S. dollar cut into international sales, but the results beat Wall Street expectations.
  • Better economy has smokers buying more Marlboros
    NEW YORK (AP) -- A better economy is helping sell more Marlboros and Camels, even as prices climb. That brought higher profits for their makers in the second quarter.