Image courtesy of Creative Commons

Morning Minutes: Elections swing to Republicans, Nestle Purina names CEO



Image courtesy of Creative Commons
Image courtesy of Creative Commons

Here are this morning’s top stories from across Missouri:

Missouri Republicans expand legislative majorities

Republicans solidified their control of the Missouri General Assembly in Tuesday’s election by picking up seven seats in the House and breaking even in the Senate races, the second straight election in which the Republicans passed the two-thirds majority threshold needed to override Democratic Gov. Jay Nixon’s vetoes.

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Nestle Purina president to become company’s CEO

Joseph R. Sivewright, president of Nestlé Purina PetCare, will become the company’s chief executive officer on Jan. 1, replacing W. Patrick McGinnis at the helm of the St. Louis-based pet food division of Swiss giant Nestle.

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Sprint stock hit hard in wake of earnings call 

Following Sprint’s announcement of layoffs and a weakened financial outlook in its Monday earnings call, shares of the Overland Park, Kan.-based telecom company took a hit Tuesday, closing the day down $1.02, or 16.5 percent, at $5.18.

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Emerson reports profit growth despite dip in sales

Emerson reported net income of $2.15 billion, or $3.03 per share, for the year ended Sept. 30. Emerson CEO David Farr blamed the sales slowdown on a tepid global economy.

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Dillons checks out of Springfield, sells four stores to Price Cutter

Price Cutter, which has 48 stores in Missouri, Kansas and Oklahoma, is said to be assessing the four stores with an eye toward developing new store concepts, but no final decisions have been made about the stores.

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