Here are today’s top business headlines from across Missouri:
Less than a week after Missouri lawmakers left town after a tumultuous finish to their annual legislative session, Gov. Eric Greitens is ordering them back to take care of unfinished business. Using his power to call a special session, the Republican newcomer wants the House and the Senate to act on legislation supporters believe could generate 500 jobs in Missouri’s Bootheel region. The measure would allow Ameren to charge lower electric rates to large industrial users in the area. Read more
SunEdison presented in bankruptcy court this week a series of settlements that helped win its unsecured creditors’ approval of its exit plan. However, U.S. Bankruptcy Judge Stuart Bernstein said he has “some problems” with the company’s chapter 11 exit plan and may not be able to confirm it. Read more
Chesterfield-based MiTek Industries is planning an expansion in Hazelwood that city officials say could add 200 jobs over several years. MiTek, a supplier of engineered products, software and services for the construction industry, is eyeing the 30-acre site left vacant when packaging manufacturer Printpack shuttered its facility last year and laid off 115 employees. Read more
Mercy Hospital Springfield and its affiliated clinics have agreed to pay $34 million to settle claims of improper Medicare billings. U.S. attorneys contend that Mercy Clinic Springfield Communities violated federal law by compensating physicians based partly on the value of their patient referrals to Mercy Hospital’s chemotherapy treatment center. The Justice Department alleges that resulted in improper Medicare claims. Read more
KBP Foods LLC continues to gobble up restaurants. Last year, the Overland Park, Kansas-based restaurant group closed a deal involving 91 restaurants. KBP closed last week on a deal for 85 KFC and Taco Bell restaurants across the South and Midwest. The move is expected to bring nearly $100 million in additional revenue. Read more
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