Banking & Financial Services
Prime Capital Investment Advisors (PCIA) closed on a deal Thursday bringing on Arkansas-based Sphere Wealth Management. The transaction adds $50 million in assets under management (AUM) to Prime's $11.2 billion in AUM. The deal has added more than 200 families…
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Stocks swung wildly following last week’s FOMC's highly anticipated meeting as the yield curve pulled back, steepened, then pulled back once more. The central bank sharply upgraded its 2021 GDP growth forecast to 6.5%, the largest annual output since 1984,…
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The Kansas City Council signed off on a $1.73 billion budget for the 2021-22 fiscal year. The measure revisited borrowing money for infrastructure, included money for tenant advocacy and deferred tapping into $195 million in stimulus funds. After objections that…
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Overland Park, KS., March 30, 2021 – Ferrellgas Partners, L.P. (OTC: FGPRQ) ("Ferrellgas" or the "Holdings") announced today the successful completion of its previously announced restructuring transactions that strengthen its balance sheet while allowing it to continue as an employee-owned…
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Ferrellgas Partners LP has successfully completed the terms of a prepackaged Chapter 11 bankruptcy plan that have allowed the company to remain an employee-owned enterprise. Ferrellgas Partners is a holding company for its propane businesses. Operating partnership Ferrellgas LP was…
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A Pittsburgh-based railroad industry supplier announced its plans to acquire Nordco in a $400 million deal. Nordco Inc., which owns both Kansas City manufacturer Shuttlewagon and Nordco Rail Services and Inspection Technologies, formerly Dapco Technologies of Lee's Summit, employs about…
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Missouri's minimum wage is on track to reach $12 by 2023, but a bill would push it back to 2026. The delay of the gradual increase is a proposal from Rep. Cody Smith of Carthage. Rep. Smith addressed fellow lawmakers…
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Kansas City's Federal Reserve District which encompasses the western's portion of Missouri, all of Kansas and other territory stretching into Colorado, Nebraska, Oklahoma Wyoming and New Mexico, shows manufacturing at a steady incline in March. Manufacturing activity in the central…
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As with any economic recovery interest rates and bond yields rise. Historically it’s been a bullish development for stocks because the earnings rebound (fueling the “risk on” appetite) typically far exceeds that of the “risk off” fear of rising rates.…
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Roughly $57 million in aid has reached around 3,000 small businesses in Kansas in Small Business Working Capital (SBWC) grants. Funding for the grants was drawn out from the state’s Coronavirus Relief Fund (CRF), which sent monetary aid to businesses…
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