Morning Minutes: A-B InBev invests, Sly James returns, McKee loses out

Photos courtesy of Creative Commons
Photos courtesy of Creative Commons

Here are this morning’s top business headlines from across Missouri:

Anheuser-Busch InBev to inject $1.5 billion into US operations

Anheuser-Busch InBev plans to increase spending on its U.S. operations by $1.5 billion over the next three years, including an investment of $162 million in the St. Louis area, where the Belgian brewer has its American headquarters and largest brewery.

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KC Mayor James cruises to second term, council gets new look

A familiar figure will occupy the mayor’s office in Kansas City for another four years, but the Kansas City Council will have a new look after a municipal election Tuesday that saw one of the lowest turnouts in a generation.

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St. Louis developer McKee loses properties on proposed NGA site

Titan Fish Two LLC., a Kansas entity and a creditor of Paul McKee’s NorthSide Regeneration Project in St. Louis, foreclosed on 46 of the project’s properties. St. Louis’ Land Clearance for Redevelopment Authority (LCRA) bid more than $470,000 for 40 of the properties, but Titan Fish Two won with a credit bid of $3.2 million.

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Nixon signs tip tax bill into law

Gov. Jay Nixon has signed into law a bill that aims to protect businesses from false personal income tax reports by their employees. SB 336, sponsored by Sen. Will Kraus, R-Lee’s Summit, says employers will only be held responsible for income taxes their employees have claimed.

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Monsanto would pursue Bayer if Syngenta deal fails, COO says

Creve Coeur-based seed giant Monsanto Co., which has been rejected twice by Syngenta AG in its bid to acquire the Swiss agrochemical company, may begin pursuing other partners.

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