Here’s a look at some of the stories Missouri Business Alert is tracking this week:
• The University of Missouri System is expected to begin feeling the fallout from a Friday afternoon announcement that the statewide system is cutting $101 million from the budgets of its four campuses, resulting in the loss of 474 jobs. Leadership from the system’s flagship campus in Columbia said many employees affected by the cuts will be notified early this week.
• The Kansas City Council’s committee agenda for the week includes events Tuesday and Thursday concerning the future of Kansas City International Airport. This comes as companies are scrambling to meet a June 20 deadline for bids to privately finance and construct a new, single-terminal KCI.
• Conversation is heating up again about a potential deal involving Sprint, the Overland Park, Kansas-based wireless provider. Over the last two weeks, executives for rival carrier T-Mobile US have been talking up the potential savings that could be achieved by a merger between Sprint and T-Mobile. Meanwhile, Sprint CEO Marcelo Claure was in Washington late last month reportedly helping build a case for a merger.
• Startup Weekend Kansas City runs from Friday to Sunday. The weekend-long event brings participants together for an entrepreneurial sprint of sorts: teams form Friday around business ideas and try to establish the foundations for viable startups by Sunday evening.
PMI Services Index released; Labor Market Conditions Index released; factory orders reported; earnings expected from Casey’s General Stores
Job Openings and Labor Turnover Survey released; earnings expected from Michaels
Consumer credit reported
Missouri Housing Development Commission meets; Quarterly Services Survey released; earnings expected from Dell Technologies and J.M. Smucker Company
Wholesale trade reported
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