Missouri Minute: USDA to aid farmers stung by tariffs; TD Ameritrade nearly doubles profit

Here are today’s top headlines from across Missouri:

Agriculture Department offers aid to farmers stung by escalating tariffs

By Annika Merrilees 
The U.S. Department of Agriculture announced Tuesday that it will authorize up to $12 billion in aid for farmers struggling in the face of retaliatory tariffs that have stoked concern in Missouri and other agriculture-heavy states. In a statement, Agriculture Secretary Sonny Perdue called the aid “a short-term solution” to let President Donald Trump “work on long-term trade deals” designed to help farmers and the broader U.S. economy. Read more

TD Ameritrade nearly doubles profit, eyes St. Louis growth

TD Ameritrade announced Tuesday that it had nearly doubled its profit for the third quarter, the first full period since the company switched former Scottrade clients over to its system. The Omaha, Nebraska-based brokerage firm closed on its $4 billion acquisition of St. Louis-based Scottrade Financial Services last fall. Tim Hockey, TD Ameritrade’s CEO, said he now sees St. Louis as a “growth opportunity.” Read more

Peabody reports $114 million quarterly profit driven by international markets

Peabody Energy on Tuesday reported a $114 million profit for its second quarter. That’s up from a $20 million loss over the same period last year for St. Louis-based Peabody, the world’s largest private-sector coal company. The strength of Peabody’s international business, especially in developing markets in Asia, has sustained the coal company since it emerged from bankruptcy in April 2017. Read more

Missouri union chapter faces court over dues dispute

The National Labor Relations Board is taking a Missouri union chapter to court over allegations that it charged a worker illegal dues. The announcement of the case, filed Monday, comes two weeks before voters are set to decide on the fate of mandatory union dues in Missouri with a vote over the state’s “right-to-work” law. Read more

Two St. Louis organizations to work on HUD-funded revitalization projects

Neighborhood development nonprofit Urban Strategies, Inc. and affordable housing developer McCormack Baron Salazar, both based in St. Louis, are among the partners that will work on a pair of $30 million redevelopment projects recently approved as part of a nationwide effort to revitalize financially struggling communities. Read more

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