- Neelys Landing man shot, killed by highway patrol trooper after traffic stop (05/01/16)43
- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)49
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- River Ridge Winery changes hands (05/02/16)
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- 2016 All-Missourian Boys Basketball (04/29/16)
- Statement: Man says cops’ good work drove him to grow his own marijuana (05/01/16)1
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Hopper Road to close for months during construction of Veterans Drive (04/27/16)9
Carnahan to announce agreement with Wachovia
ST. LOUIS (AP) -- Missouri Secretary of State Robin Carnahan is announcing a multi-billion-dollar agreement with Wachovia Securities.
Carnahan plans a 10 a.m. news conference in St. Louis. Her office says the agreement is between the company and state and federal regulators and concerns auction-rate securities.
Last month, investigators conducted an inspection at Wachovia's St. Louis offices.
On Thursday, someone close to negotiations told The Associated Press that Wachovia was close to agreeing to buying back $8 billion of auction-rate securities and paying fines to settle charges it misled investors about the risks.
A spokesman for Carnahan declined to discuss specifics about the agreement until the news conference.