The Kansas City Star from Kansas City, Missouri • 23

1 -i" St -j 1 fcynwnwtKANSACTYCPM KANSAS 'CITY WEDI DAMi ncA MCPir a AAni aj BANK OF AMERICA --v in ra Acquiring Merrill Lynch 11 rV:" 11 11 irTnntivintmn rs ii ft iiv Wyandotte County vonturo onds and company otters IKtlp explanation Vv yy r' ByRICKALM Ttiie Kansas Cjty Star Ptainade Entertainment has uneqectedly dropped Out of the running to win a Kansas ca-sina view of tbe current tur Ruiline Yoshahashi said in demoil in the financial markets dining interview requests with the company has decided to fb- company executives cu its resources on its existing Late Monday the Las Vegas- projects and development op- based gaming Kansas portunities in Louisiana Mu- City lawyer e-mailed the state a souri and other jurisdictions" one-paragraph letter formally Pinnacle said in a brief state- withdrawing from die four-ment'Riesday company competition to man 'll have any comment beyond spokeswoman SEE PINNACLE C5 i svai1 i rv "j-ry 207000 -0 Tte federal government loan to saw Insurer AIGA1 Pkinada Entwtatamant wafts may from WyCo casino swaepstakas £Ct Former Jackson County prosecutor named Prooko Corpnacalvor CiudeoMaml gas prices contlnuo to pluriga I a Country Club Bank reaches deal to buy NoriMnk C3 'EADSUP': the consumer price CsS-I index feflOJpereba In Vv I- August from the previous month the Imh of Labor SWMfct said TUes-: day That fbHowedaOan s- percent incraaseinJuty and aVitercent Increase in June VWr over year August prices were up percent just tartly below July's 17-year high of r' Washtd-outralb Kansas Cky Southern Rabway saidliesday that someth its oper- ations were disrupted by track flooding in Ihxas 1 aryl fruimiana and mm chemical refineries and oriiercustomenwere still dosed But it said that damage was not severeandthat the majority of lost revenue could be recovered probably in die fourth quartet Eattngathoma Kroger Cow the nation's largest traditkxwl grocery chain said its second- quarter profit rose percent to $2765 mBioa Kroger also said sales were up 12 percent and it cred- Red frequent-customer discount along with a slowing economy prompting people to eat at home more and try store brands FromwlrasarvlcM Traders worked In the New York Mercantile Exchange crude oH options pit Monday when prices feH below $100abarreL On Tuesday crude settled at $9125 vh vf' -CHRIS KEANE BLOOMBERG NEWS i 61900 Earlier in the day wholesale gas prices for October delivery foil 16 cents a gallon on die Nw Ybrk MarcantBa Ex- change as concerns about the effect of Hurricane Ike on oil and petroleum focilities con- tinned to ease The two days of price de- dines have now more dian off- Vf Bank of Americd the biggest US consumer bank plana lo keep Its headquarters (n Chariotte NjC after It takaa owrNmr York-based Merrill Lynch A Ca it f'i a charlotte nx Is Mega-deal partners sat to claim tha tltla of tha nation's top banking hub jorttia North twte-i Narril lynch 5' New YkxK NewYbric obviously a big shock uid very '-surprisinglt certainly does change the (3) Go to KansasCitycom for Sprint Connection a blog featuring news views and -noise about Sprint-Nextei Crude settles down pi KJrcrude o11' irfr kq" -1 too i By STELLA hopkms CBO John AThaln Th pbMrvwpv Worifj'largest Wbfkrs largest HAM0nNJC I Bank-V 'ratal bank broherage house 'ihewakeof Mr tilMM- MfiJbMion EOOUbiMiaVaaiaingi $50 billion agreement to buy HarHi LwiHi nns nf th lynch wie of die IBlBSd" $522 biUtofr $299 billion Brookt Corp which following sessions with attor- IS Involved In lawsuit repiwenting the Overwill controlled by hart niHrr mg company ami the Bank of Alpert Rieoerer New York Mellon Last week By gene meyer the bank sued the Brooke com-The Kansas aty star ponies and founder Robert Orr Former Jackson County for control of the company and prosecutor Albert Riederer to recover funds for investors was given control Tuesday The bank originally asked over major operations of the court to name Riederer as Brooke Corpi and several of its receiver for Brooke its spe-subsidiaries accused of misap- cialty lending arm Aleritas propriating money owed to in- Capital Coq a franchising vestors company Brooke Capital US District Judge John Corp and smaller companies Lungstrom in Kansaf City Kaa ordered the appointment SEE BROOKE C2 -Clpltfll 9 Fortane SOP rank has'- sumbbi6mevw a 10 percent of all area depos- fnhbbtob'inqoriantDot its second only to Com- Met-' merce Bank Merrill lynch The Merrill deal brokered operates offices in Leawood in haste amid an epiefman- and Kansas City witb'75 fi- dal crisis gives Bank of nancial advisers and 30 addi- America a powerfiil slice of ikmalenqoyees Wall Street and substantially Bank of America by far elands its global footprint Charlotte's largest Fortune vf Bank of cpe S0Q conqiany provides some ations in Kansas City include 50 branches that hold nearly KOJ-bijikxv '-h 1 GwoDOMENtcoiaUfoMBERGNEws largest brokerage firm Ibe bdiemodi bank kmg been a selling pmnt fbr woong newcomers and eco- 'nomic development to tbe Charlotte area Buying rill will rocket it to the ni- Nod banking spot by aasetsiv to do another acquisition during nnr sud Bank of America chief Kenneth DtLtwis AL who called it tbe'ttrategic deal of As ebneoms following Hurrlcano Ik continue to lot up whotesate prices fall By steve EVERtY -T-Kan' cnY ar Wholesale gasoline prices declined sharply a second strakjit day Tuesday aiid area retail prices are beginning to follow- By evening some Kansas Cky area stations had dropped prias to $350 a gallon set the nmip in prices before the hurricane hit the Texas coast over the weekend "That has completely un- said Lewis Admo president ofAdmo Energy' a Kansas OJy conyany that as- sists business managing their energy costs The deefines in oil and gas prices come as the US Da- $eegasC2 ARKEXjQUOTES NEWSAND SESS a'CSS.