Recently added articles from US Business Journal, Northeast Kansas:
Automaker bailout dies in Senate
Dec 12, 2008 ... The U.S. Senate failed to reach an agreement Thursday night on a measure to provide as much as $14 billion in bridge loans to the Big Three U.S. automakers. The Senate voted 52-35 in a procedural vote to end debate on the measure. Sixty votes were needed for discussion to continue. Senate Majority ...
Mid America Coach will move from Northland to Raytown
Dec 12, 2008 ... Mid America Coach, a dealership for wheelchair-accessible vans and shuttle buses, will move from the Northland to Raytown in early January. The company was founded in 2001 and has about 15 employees, President Peter Beren said. It will move from about 13,000 square feet of leased space at 12600 N ....
Straub Construction wins $29M contract for two schools in Goddard, Kan.
Dec 12, 2008 ... Straub Construction Kansas City won a $29.2 million contract from the Goddard (Kan.) School District to build two schools there. The Shawnee-based general contractor will build an elementary school and a middle school. Gossen Livingston ...
KC Southern stock drops on lower revenue forecast, capital-spending cut
Dec 12, 2008 ... Kansas City Southern won't have "double-digit" revenue growth in 2008 because of "weakness in the U.S. and global economy," the company said in a Friday filing with the Securities and Exchange Commission. The Kansas City-based company (NYSE: KSU) also expects fourth-quarter revenue to decrease 5 ...
Kansas upholds rejection of permit for coal-fired plant
Dec 12, 2008 ... The Kansas Office of Administrative Hearings has upheld Secretary of Health and Environment Roderick Bremby's decision to deny Sunflower Electric Cooperative's application for an air-quality permit for a $3.6 billion coal-fired power plant project in Western Kansas. In a release Thursday, the OAH ...
KVC Behavioral HealthCare will cut 76 jobs
Dec 12, 2008 ... KVC Behavioral HealthCare Inc. will cut 76 jobs, including 12 in the Kansas City area, in anticipation of losing a $24 million Kansas contract and the state's budget crunch. The Olathe-based nonprofit has provided case-management services for children through the state's child-welfare system for ...
Agora-X starts electronic network for over-the-counter transactions
Dec 12, 2008 ... Kansas City-based Agora-X LLC launched an electronic communications network on Friday that enables institutional clients to negotiate over-the-counter transactions in commodity and derivative contracts. The system enables institutional clients to obtain the best prices in a more liquid and ...
Burns & McDonnell elects CEO Graves as chairman
Dec 12, 2008 ... Burns & McDonnell's board has elected CEO Greg Graves as chairman, effective Jan. 1. Graves will succeed current Chairman Joel Cerwick, who will retire from the company Dec. 31 after 40 years. Graves joined Kansas City-based Burns & McDonnell in 1980 after graduating from the South Dakota School ...
East Village Apartments lose out on tax credits
Dec 12, 2008 ... A Missouri agency on Friday approved state and federal low-income housing tax credits for five new developments in the Kansas City region, but the East Village Apartments weren't among them. The 70-unit East Village Apartments have been expected to kick off residential development within the $350 ...
GM will idle 30 percent of plants in first quarter, including Fairfax
Dec 12, 2008 ... General Motors Corp. said Friday that it will temporarily idle about 30 percent of its assembly plant volume during the first quarter of 2009. The General Motors Fairfax Assembly Plant in Kansas City, Kan., was one of 14 U.S. plants affected by the announcement. The goal is to remove about 250,000 ...
Enterprise Bank may take as much as $62M from feds
Dec 12, 2008 ... Enterprise Financial Services Corp. said Friday that it received preliminary approval from the U.S. Treasury Department to receive as much as $62 million from the Capital Purchase Program. During a special meeting Friday, shareholders of St. Louis-based Enterprise (Nasdaq: EFSC) approved ...
Genghis Grill will open in Kansas City Power & Light District
Dec 12, 2008 ... Stir-fry restaurant Genghis Grill-The Mongolian Stir Fry will open in the Kansas City Power & Light District in the spring. The fast-casual restaurant will open in a 4,373-square-foot space near 14th and Main streets - the so-called Elements area, the ...
House approves $14B auto-industry bailout
Dec 11, 2008 ... The U.S. House of Representatives approved legislation Wednesday night to provide $14 billion in bridge loans to the Big Three U.S. automakers. The legislation passed 237-170, according to information on the House Web site. Among Kansas City-area House representatives: Emanuel Cleaver, D-Mo.; Ike ...
Applebees owner suspends dividend
Dec 11, 2008 ... DineEquity Inc., franchisor and operator of Applebee's Neighborhood Grill & Bar and IHOP restaurants, has suspended its quarterly cash dividend for an undetermined period of time in response to the turbulent economy. In a release Thursday, the company (NYSE: DIN), based in Glendale, Calif., said ...
Office Depot will close 10 percent of North American stores
Dec 11, 2008 ... Office Depot Inc. will close 112 underperforming retail stores in North America in the next three months, including its Overland Park store, leaving it with 1,163 stores, and close 14 more stores throughout 2009 as their leases expire, for a total reduction of about 10 percent of its North ...
Kauffman Foundation starts $10M study of innovation, growth
Dec 11, 2008 ... The Ewing Marion Kauffman Foundation has started a $10 million, five-year program to support research by leading legal and economic scholars on how to best shape the U.S. legal system to promote innovation and growth. "We want our nation's top legal scholars to devote their talents, experience and ...
Moodys downgrades Sprint debt to junk
Dec 11, 2008 ... Moody's Investors Service downgraded Sprint Nextel Corp.'s debt to noninvestment grade, or "junk," status Wednesday because of the wireless carrier's weakened market position. Moody's had been reviewing its ratings of Sprint (NYSE: S) since May 16. Sprint's subscriber churn, or customer loss, is ...
JE Dunn Construction lays off 30
Dec 11, 2008 ... JE Dunn Construction laid off 30 full-time employees in its Midwest division in November, 27 of whom worked in its Kansas City office, a company official said Thursday. Randy Bredar, Dunn's senior vice president for corporate development, said Dunn took the action "to make certain we're prepared ...
Grundfos North America buys Chicago company
Dec 11, 2008 ... Grundfos North America has bought Yeomans Chicago Corp. for an undisclosed amount. Grundfos is an international pump corporation whose North American headquarters is in Olathe. The acquisition of Yeomans, which closed on Wednesday, gives Grundfos an entry into the North American wastewater-pump ...
Survey: Angel investing falls in 2008
Dec 11, 2008 ... Angel group investing this year appears to have fallen at least 10 percent below 2007 levels, but 2009 could show improvement, according to survey results the Angel Capital Association released Thursday. The survey provides a preliminary prediction of North America angel group investment levels ...