The Week Ahead: State tax credit hearing, Fed Beige Book, GlobalHack event

Here’s a look at some of the stories Missouri Business Alert is tracking this week:


The Missouri Housing Development Commission will hold the first of five public hearings to review and take public comment on residential developments seeking loan funds and low- income housing tax credits for the 2017 fiscal year. After Monday’s hearing in Columbia, other hearings are scheduled for Kansas City, Springfield and St. Louis (twice).

Companies set to report financial results include Bank of America, IBM, Netflix and Valeant Pharmaceuticals.


Kansas City Southern, the parent company of Kansas City Southern Railway, will report third-quarter earnings and hold a conference call.

Yahoo will report quarterly results after market close. The internet company won’t hold a conference call, due to its pending sale to Verizon, Yahoo said. The quarterly report follows an email hack that exposed personal information of at least 500 million users, and the revelation that Yahoo scanned hundreds of millions of emails for U.S. intelligence purposes. Verizon’s top attorney said the email hack could have a material impact on Verizon’s deal for Yahoo, Bloomberg reports.

Other companies set to report financial results include BlackRock, Charles Schwab, Goldman Sachs, Harley-Davidson, Intel, Johnson & Johnson, Omnicom Group, Philip Morris and UnitedHealth Group.

The Women’s Employment Network will host a Kansas City job fair from 1 p.m. to 4 p.m. at the Sheraton Crown Center. More than 40 companies are expected to attend, according to organizers.


The Federal Reserve Bank will release its latest Beige Book, a report published eight times a year to provide an anecdotal look at economic conditions in each of the Fed’s 12 districts.

The Census Bureau will report housing starts for September. Despite strong new home sales recently, housing starts and permits have not been strong, and both numbers declined in August, Bloomberg reports. However, forecasters project increases in both for September.

Supervalu, the parent company of Earth City-based discount grocer Save-A-Lot, is scheduled to report earnings and hold a conference call. Minnesota-based Supervalu is exploring a spinoff of Save-A-Lot and saw its shares jump more than 9 percent in late September over reports that private equity firm Onex Corp. was a potential buyer.

Other companies set to report financial results include American Express, Angie’s List, eBay, Haliburton, Morgan Stanley and U.S. Bancorp.


The National Association of Realtors will report existing-home sales for September. Existing-home sales have not shown the same strength as new home sales recently, and observers expect little change to that in September, Bloomberg reports.

Athena League, a Kansas City-based organization established to empower female entrepreneurs, will celebrate its third birthday with an event at Big Brothers Big Sisters of Greater Kansas City.

DST Systems, the Kansas City-based data processing and business services company, will report quarterly results and hold a conference call.

Other companies set to report financial results include E-Trade, Microsoft, PayPal, Union Pacific, Verizon and Walgreens Boots Alliance.


Euronet Worldwide, the Leawood, Kan.-based electronic payments company, will report third-quarter earnings and hold a conference call.

Other companies set to report financial results include Daimler AG, General Electric, Kia Motors and McDonald’s.

The sixth GlobalHack begins in St. Louis. The latest version of the weekend-long hack event, which advances GlobalHack’s mission of “building a better tech ecosystem through hackathons,” will feature $1 million in cash prizes, according to organizers.

The Missouri Cures Education Foundation will host a clinical trials symposium, featuring researchers from across the state discussing the latest trials focused on a variety of diseases and medical conditions.


The University of Missouri, which claims the title of the birthplace of homecoming, will cap a week of festivities with its homecoming parade and football game.

The Play for Tomorrow hackathon kicks into high gear in Kansas City. The event, which brings together teams to build tech solutions for community youth programs, opens with a VIP mixer Friday, features a full day of work Saturday and concludes with a pitch competition Sunday, at all the Ewing Marion Kauffman Foundation.


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