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Missouri Minute: Audit says Missouri not accurately tracking tax breaks; Monsanto settles suit with India



Here are today’s top business headlines from across Missouri:

Audit finds Missouri not accurately tracking tax breaks

Missouri is doing a poor job of tracking the economic impact of tax breaks, according to an audit released on Wednesday. Missouri Auditor Nicole Galloway said state government has no idea if incentives, exemption and newer tax laws changes are working as intended. She said the state isn’t accurately measuring how much revenue it’s losing. Read more

Monsanto settles GM cotton dispute with three Indian seed firms

Three leading Indian cotton seed makers have settled an intellectual property dispute with Monsanto Co. over its genetically modified (GM) seed technology, partly ending a legal tussle that has drawn in the Indian and U.S. governments. Ajeet Seeds, Kaveri Seed Co. Ltd. and Ankur Seeds were among six Indian companies that delayed payments to Creve Coeur-based Monsanto, demanding a cut in royalties they paid to the U.S. firm to license its technology. Read more

Greitens announces 800 new National Guard jobs

Gov. Eric Greitens said Tuesday he wants to add 800 jobs to Missouri’s National Guard by 2019. Greitens said the additional jobs will have a $15 million economic impact. He said 85 percent of the job openings will be for full-time guardsmen, and the rest are available for civilians. Read more

As merger talk swirls, Sprint chairman declares turnaround: ‘It’s profitable now’

Sprint, having posted its first quarterly profit in years, “has turned around,” its chairman and principal owner said. Masayoshi Son, whose Toyko-based SoftBank Group Corp. owns more than 80 percent of Sprint’s shares, declared the turnaround during an interview with Bloomberg Media’s David Rubenstein. Read more

Greitens makes pitch for Amazon HQ to choose Missouri

Gov. Eric Greitens joined the effort to lure Amazon’s second headquarters to Missouri this week, but he’s not publicly taking sides on whether the online retailer should locate in St. Louis or Kansas City. In a minute-long video shot in his office Tuesday, Greitens pitched Missouri as a national leader that has been the home of innovation for centuries. A version of the video was posted, then deleted from Twitter Wednesday. Read more

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