Regional

White Flags Flying in Border War

[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

Insurance/Benefits Broker Truss Sold to Hub International

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

Lucas Inauguration Stresses Infrastructure Improvements

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

Sprint Loss Shrinks in First Quarter

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

Jackson County Property Tax Appeal Extended

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

Waddell & Reed Laying Off 150 In Midst of HQ Relocation Plans

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

DOJ Gives Nod to Sprint, T-Mobile Merger

It's almost a done deal as far as the federal government is concerned. The U.S. Department of Justice granted approval of the merger between Overland Park-based Sprint Corp. and T-Mobile US, of Bellevue, Wash., which the companies say will create… more

Google Has $600 Million Northland Plans

Tech giant Google plans to build a $600 million data center in the Northland, according to a press release put out by Kansas City Councilman and Port KC Commissioner Dan Fowler. Port KC approved a bond in that amount on… more

Stueve Siegel Chalks Up Huge Win in $1.5B Equifax Case

One of Ingram's Best Companies to Work might now be an even more attractive workplace. Law firm Stueve Siegel Hanson LLP, of Kansas City, was the lead counsel on a class action settlement by credit-reporting firm Equifax relating to a… more

Snow Creek Parent Peak Resorts Selling for $264 Million

Peak Resorts, the owner of the Snow Creek ski park in Weston and 15 other facilities across the country, is getting purchased by Vail Resorts for $264 million.  Tim Boyd, president and chief executive officer of Wildwood-based Peak and one… more