Missouri
Southwest Airlines, which is considered the carrier with the most flights through Kansas City International Airport, reported a loss of $94 million during its most recent financial quarter. Capacity at the airline has decreased about 70 percent in the month…
more
Kansas and Missouri hospitals are reportedly receiving about more than $800 million in combined funding from the federal government to help combat economic financial hardships due to the COVID-19 pandemic. On the Missouri side, hospitals will be receiving $412.5 million,…
more
Berkshire Hathaway, Warren Buffett's investment company, has sold its shares of the four largest airlines after taking a $50-billion loss during its most recent quarter. However, the company still has $137.3 billion in cash. "The world has changed for the…
more
Kansas and Missouri both saw double-digit-percentage declines in small-business applications, following suit with much of the rest of the country. Missouri applications were down just under 19 percent from their five-year average so far in 2020, making it the state…
more
A third round of Paycheck Protection Program funding might from the Small Business Administration might be needed soon, according to the head of the National Economic Council. “We waited a little bit too long, I thought, when the last tranche…
more
About 10.3 percent of Kansas small businesses have received loans from the Paycheck Protection Plan, which might seem like a small number, but it ranks the state in the top 10 percentile of states that have gotten funding. At 8.7…
more
The Missouri Gaming Commission has opted to keep casinos in the state through May 15, despite a softening of Mayor Quinton Lucas' stay-at-home order. Casinos closed on March 17 as a result of the COVID-19 outbreak.
more
Missouri Gov. Mike Parson announced that the state is receiving $24 million in federal funding, much of which will go toward mortgage and rent-payment relief for residents. The money would be distributed through the state's Community Development Block Grant program…
more
Kansas City-based law firm is seeing the highest rate of Chapter 11 bankruptcies in seven years, according to its Polsinelli-TrBK Distress Indices Report. “It’s actually quite common to not see an immediate increase in bankruptcies during an economic crisis. With…
more
Leawood-based AMC Theatres, considered the country's largest cinema chain, is taking a stand against Universal Studios' decision to provide direct-to-home movies to consumers. As a result of Universal saying it would release films in that format from now on, as…
more
