Local

Bankruptcy halted for AMC with new equity, debt capital

Bankruptcy appears to be out of the question for AMC Entertainment Holdings Inc., according to CEO Adam Aron in a Monday news release. The release said the theater chain has raised more than $900 million in new capital since mid-December… more

Coping with COVID: Missouri among lowest in nation for rate of distribution of COVID-19 vaccine

According to the data, 4.4 percent of people in Illinois have received the first shot, which ranked 44th of the 50 states. Both Missouri and Illinois are below the percent for the entire country. As of Sunday, 5.6 percent of… more

Kansas City office market vacancy rates fair better nationally in 2020 as tenants, investors hold on

A lesser impact overall reflected in data on the Kansas City office market show the minimal impact will lead the region toward quicker healing. According to a Q4 report by JLL, although negative absorption and increasing vacancy and availability was seen… more

January Rural Mainstreet Index ticks up in Mo. and Kan., bankers concerned about inflation in 2021

The Creighton University Rural Mainstreet Index (RMI) climbed above growth neutral across the 10-state region. The overall index for January rose to 52.0 from December’s 51.6 (the index ranges between 0 and 100 with a reading of 50.0 representing growth… more

Missouri December jobs report shows unemployment increase

Missouri non-farm payroll employment increased again in December 2020, but a large increase in the civilian labor force sent unemployment higher. Employment, seasonally adjusted, increased by 10,400 jobs over the month, and over-the year job losses from COVID-19 shutdowns fell… more

Cerner to bring on Erceg as new Chief Financial Officer

Approaching his departure from the company, a replacement has been announced for 30-year Cerner veteran and current CFO, Marc Naughton. Succeeding Naughton is Mark Erceg, who will join Cerner as Executive Vice President and CFO beginning Feb. 22, 2021. Naughton… more

KC region sees significant industrial growth in 2020

The last year presented many challenges, most centered around COVID-19. However the Kansas City region also had its bright spots. Similar to the rest of the country, the industrial real estate and supply chain sectors in Kansas City saw significant… more

Rebranding delivers return of Kansas City Monarchs

Resurrecting a part of Kansas City’s rich history, a new partnership is bringing back the name of the Kansas City Monarchs. Formed between the Negro Leagues Baseball Museum and minor league team T-Bones Baseball Club, the partnership has resulted in… more

Coping with COVID: Local health officials urge patience from those waiting to receive vaccine

Area residents eager to receive a COVID-19 vaccination will have to wait a bit longer, according to regional health directors. In a joint statement issued Thursday, directors said high demand, low supply and continued priority for health workers means vaccine… more

Kansas City among candidates for NBA league expansion

Kansas City is pushing hard to land an NBA league expansion, hoping it will return after the Kansas City Kings were relocated to Sacramento, Calif. in 1985. A grassroots committee has formed in Kansas City, the group pitching T-Mobile Center… more