ST. LOUIS (AP) — A coalition of farm and food safety groups wants federal regulators to quash the proposed sale of Smithfield Foods to a Chinese conglomerate in what would be the largest such takeover of a U.S. business.
The St. Louis Post-Dispatch reports that the 17 groups are asking the Committee on Foreign Investment in the United States to oppose the pork processor's sale to Shuanghui International Holdings Ltd.
The groups include the Missouri Rural Crisis Center, Food and Water Watch, Iowa Citizens for Community Improvement and the Nebraska Farmers Union.
The federal committee reviews sales of American companies to foreign interests.
Coalition members say the deal could weaken domestic food safety, cause economic damage in rural communities and harm national security.
WARRENSBURG, Mo. (AP) — Governor Jay Nixon is joining President Barack Obama during his upcoming visit to the University of Central Missouri.
Obama is traveling Wednesday to the Warrensburg school and Galesburg, Illinois to make his case for spending on infrastructure and for universal pre-school programs. The president is also expected to highlight the economic benefits of overhauling immigration laws.
Nixon announced Saturday that he would join Obama during the Missouri stop. He noted that the University of Central Missouri is part of an Innovation Campus initiative that offers accelerated degrees in high-demand fields.
The trip will mark Obama's first visit to the state since a May 2012 commencement speech at Joplin High School. That visit marked the one-year anniversary of a deadly tornado that hit the southwestern Missouri city.
WASHINGTON (AP) — There seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry. Detroit now stands as the largest American city ever to file for bankruptcy protection.
During the bleakest days of the Great Recession, Congress agreed in bipartisan votes to bail out two of Detroit's biggest businesses, General Motors and Chrysler.
Such a bailout would be huge, perhaps as much as $20 billion. Federal resources are strained, with the national debt at $16.7 trillion and the federal government struggling under the constraints of automatic spending cuts that took effect in March.