News


Melaleuca, Inc. to expand distribution operations to KC, open in former Harley-Davidson plant

The Kansas City, Mo. Northland will soon see another addition to its array of warehouses and distribution centers. Online wellness company Melaleuca, Inc., noted as the largest online wellness shopping club in North America, announced plans to invest $35.5 million… more

Report explores insurance climate in post-COVID world

Just two short weeks left in December and the rest of the year still leave questions regarding what the impact of COVID-19 will have on businesses and individuals in a (hopefully) post-COVID 2021. A newly released 2021 Insurance Industry Outlook… more

Federal Reserve makes CRA asset-size threshold adjustments

The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the annual adjustment to the asset-size thresholds used to define small bank and intermediate small bank under the Community Reinvestment Act (CRA) regulations.… more

Rural Mainstreet Index shows majority of bankers expect decline in 2020 holiday sales

Compared to 2019, bankers expect 2020 retail sales to be down by 3.1 percent, according a Rural Mainstreet Index survey sent out to bank CEOs. The survey concluded that around 54.8 percent of bankers anticipate a reduction from 2019, while… more

Jobless claims climb, mark three-month weekly high

In the week ending Dec. 12, the advance figure for seasonally adjusted initial claims was 885,000, an increase of 23,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 853,000 to 862,000. The… more

Farmland price index rises, sees largest growth since 2013

For the second time in the past three months, the Creighton University Rural Mainstreet Index (RMI) climbed above growth neutral. According to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy,… more

Kansas signs deal, to establish Supersonic Transportation Corridor

The FAA has signed a deal with Kansas regarding a supersonic flight corridor. Governor Laura Kelly says she and Kansas Department of Transportation Secretary Julie Lorenz announced on Thursday that KDOT and the Federal Aviation Administration have finalized an agreement… more

Coping with COVID: Survey concludes two-thirds of nursing homes could go under within a year

Respondents of a national nursing home survey conducted by the American Health Care Association and National Center for Assisted Living show over 60 percent say they won’t be around next year if they have to continue to face higher costs… more

Kansas City-based nonprofit Alphapointe wins summary judgment in patent infringement case

After nearly four years, a patent infringement case involving Kansas City-headquartered Alphapointe and South Carolina-based Composite Resources, Inc. is at last drawing to a close following a recent ruling. A summary judgement of the case ruled in favor of national… more

Healthcare IT company Cerner announces $375M acquisition

Health IT giant Cerner plans to acquire the health division of London-based Kantar Group for $375 million. The buy is expected to advance clinical research development. Kantar Health provides data, analytics, and research to the life sciences industry. With this acquisition,… more