Local News
Politicians on both sides of the state line have said that they plan not to offer tax incentives to businesses moving their operations between Kansas and Missouri, but Hostess Brands has skirted those newly agreed-to rules, and management just announced…
more
C2FO, a Leawood-based financial-technology firm, has secured a $200-million round of funding led by Toyko-based SoftBank, which owns a significant portion of Sprint, as well as major stakes in WeWork and Uber. C2FO, through a system of algorithms, pairs companies…
more
Faith Technologies, a Wisconsin-based electrical engineering and design firm, recently purchased a 450,000-square-foot warehouse in Olathe and eventually plans to add about 780 jobs toward its operations. The warehouse, at 21800 West 167th St., was purchased by Faith from a…
more
Investors shouldn't worry about if a recession will come or when it occurs because they're inevitable, says Eduardo Repetto, chief investment officer of American Century Investments’ newly launched Avantis Investors. He will be featured in Ingram's magazine's August edition in…
more
Chicago-based Hub International Limited announced this morning that it had acquired Truss, one of the Kansas City region's largest private insurance brokerages. Terms of the transaction were not disclosed. [caption id="attachment_22482" align="alignleft" width="140"] Paul Cohen[/caption] Truss, formerly known as Cretcher…
more
[caption id="attachment_22474" align="alignleft" width="443"] Mayor Lucas[/caption] The use of tax incentives to lure companies across the state line in the Kansas City metro area is a practice that seems to be on the cusp of ending. New Kansas City Mayor…
more
Overland Park-based Sprint reported a first-quarter loss in the midst of its merger with T-Mobile, but its results were better than the prior financial period. The wireless carrier's first-quarter net loss came in at $111 million, down from what was…
more
Kansas City's new mayor, Quinton Lucas, made his inauguration speech today, and touched on infrastructure issues that are vital to the metro's business community. He mentioned the new terminal at KCI Airport, which recently underwent the demolition of Terminal A,…
more
Overland Park-based Waddell & Reed is laying off about 150 people in its transactional-processing operations and will outsource those positions, the investment-management company's officials said during its second-quarter earnings call. The layoffs and move toward outsourcing are expected to be…
more
Property owners in Jackson County now have until Sept. 3 to appeal the assessments of their properties' value calculated earlier this year by the county. The county's Board of Equalization voted today for the extension, which comes after a public…
more
