AB InBev is announcing another purchase today, albeit a smaller one than Wednesday's $20 billion deal for Grupo Modelo.
The mega-brewer is purchasing a group of Ohio distribution companies. The amount of the sale was not disclosed. The deal was on hold for most of the year while Ohio lawmakers debated a bill that would have prevented breweries from directly acquiring distributors.
SPRINGFIELD, Ill. (AP) - A second major rating agency is downgrading Illinois' credit worthiness.
Moody's Investors Service lowered the state's $27 billion in outstanding bonded indebtedness to A3 from A2. The new rating's three levels above junk status.
Illinois already has the worst credit rating among the states.
Fitch Ratings downgraded Illinois' credit on Monday.
Both firms blame lawmakers' lack of action on a $97 billion shortfall in its public-employee pension systems.
The Legislature adjourned its spring session without adopting a plan to make up the difference over 30 years.
Moody's says its rating "assumes the government will not take action to reduce the state's pension liabilities any time soon."
A credit-rating downgrade means it costs the state millions more to borrow money when it sells future bonds to finance long-term construction projects.
The National Weather Service has increased the number of tornadoes that touched down in the St. Louis are last week to nine.
The largest and most damaging of the twisters was the EF-3 that cut a 32 mile path of destruction through St. Charles County and north St. Louis County.
Another EF-3 tornado his ripped through Roxana, Illinois, doing serious damage to the landfill. Macoupin County was hit by EF-2 and EF-1 twisters, with one severely damaging a high school gym in Gillispie.
Additionally, there were two EF-1 tornadoes in Franklin and Jefferson Counties, and three EF-0 tornadoes in Montgomery County
ST. LOUIS (AP) - The FBI is seeking help from the public in the search for two suspects allegedly involved in a four-state auto theft ring.
The FBI says that since 2008, more than 100 vehicles were fraudulently obtained from Missouri, Illinois, Iowa and Indiana. Authorities are searching for two men believed to live in St. Louis city or county: Reginald Dante McNeary and Morris Allen Davis. Both are considered armed and dangerous.
Anyone with information is asked to call the FBI at 314-589-2500 or CrimeStoppers at 866-371-TIPS.
A sometimes controversial St. Louis City alderman is raising eyebrows by asking friends and supporters to help him pay for his daughter's college education.
Freeman Bosley, Senior is asking for help covering just over 14-thousand dollars in costs so that his youngest daughter can attend St. Xavier University in Chicago.
Bosley says that's the amount left on the bill after grants and scholarships. The request is raising ethic's questions. But Bosley says it was a personal plea to friends and the letter wasn't sent on city stationary or campaign letterhead.
He told Fox 2 News that he doesn't understand the criticism. "How is that inappropriate. I didn't ask them to give it to me in my name. And I don't never let nobody give me nothing."
Although politicians in other states have been prosecuted for similar requests, Stacey Heislen, the acting director of the Missouri Ethics Commission says it doesn't appear that Bosley's letter violates any laws in Missouri.
SPRINGFIELD, Ill. (AP) - Springfield and Sangamon County officials have announced an agreement with the state on design work for consolidating train traffic through Illinois' capital city. The effort is part of high-speed rail development.
The agreement made public Wednesday involves nearly $8.7 million to pay for half of the design work. The project would move rail traffic through the downtown core farther out to a corridor on the city's east side.
The deal was signed by Illinois Department of Transportation Secretary Ann Schneider, Springfield Mayor Michael Houston and Sangamon County Board Chairman Andy Van Meter.
The project is part of the Chicago-to-St. Louis high-speed rail development. There is no current funding for train traffic consolidation.
The plan would include new track alignments and separating automobile and train traffic in spots.
A St. Charles County man is facing charges for molesting children on three different occasions.
Prosecutors say Donald Knaust was at a Fort Zumwalt North High School sporting event when he improperly touched and 8-year-old boy. That event was in January of this year.
Then earlier this month, while out of jail on bond, he was accused of having sex with another 8-year-old boy on two separate occasions.
Knaust faces a laundry list of charges including child molestation and statutory sodomy. He is held on a half-million dollar bond.
The release of a small amount of a toxic gas led the fire department's hazardous management team to suit up earlier today.
St. Louis city police and fire crews responded to a late morning call to a building at McPherson and Skinker which is in the process of demolition.
Deputy Fire Chief Mike Harris explains how some anhydrous ammonia was released. "There was an old refrigeration unit in the basement and likely there was residual anhydrous and either it was heated with his cutting or just trapped and released," said Harris.
Harris says anhydrous ammonia is lighter than air and in small amounts like this, dissipates quickly. No gas escaped the building. He says every precaution is used on each of these calls. regardless of the extent. All crews worked in Hazmet suits today with two hazardous management vehicles on site.
There were no injuries.
Charges are filed against a man for shooting and killing a south St. Louis store owner during a robbery.
23-year-old Joseph Fox is charged with 1st degree murder, assault, robbery, and burglary. Police say Fox was robbing a convenience store in the 4400 block of Chippewa when he shot the owners. One of the victims was hit in the arm and survived. The other was shot and killed.
Fox is held without bond.
BROOKLYN, Ill. -- AP -- Investigators say they’ve identified the man gunned down outside a Metro-East strip club as a 27-year-old St. Louis resident.
Illinois State Police tell the St. Louis Post-Dispatch that Michael Brooks was shot several times early Sunday outside Roxy’s Strip Club in Brooklyn. He died later at a hospital.
Authorities say Brooks had just stepped from his car when he was approached by two men who emerged from another vehicle.
The suspects fled.
There’s no immediate word on any arrests being made in the case.