Here are today’s top business headlines from across Missouri:
A $15 per hour minimum wage plan is officially headed to Kansas City voters in August. The Kansas City Council agreed Thursday to comply with a Missouri Supreme Court order and put a petition initiative for a higher minimum wage on the Aug. 8 ballot. Read more
Boeing Co.’s Super Hornet is poised for a surprising comeback thanks to President Donald Trump’s Twitter broadsides and a strike-fighter shortage caused by delays to Lockheed Martin Corp.’s F-35 program. Until recently, Boeing’s combat jet was on life support, with work at its St. Louis County factory slowing to a crawl as orders dwindled. But that was before Congress approved a $10.1 billion sale to Kuwait, Canada said it would take 18 of the twin-engine fighter and Trump said the Pentagon is “looking seriously at a big order.” Read more
Missouri Gov. Eric Greitens wants to use the proceeds from a recent lawsuit to reduce cuts he was planning to make in next year’s budget. In a statement issued Thursday, the Republican said a recent court decision from a 2003 tobacco company settlement that will mean an estimated $50 million in additional revenue will be used to stave off planned reductions to a program serving 15,000 elderly and disabled people who receive in-home care. Read more
Ameren Missouri reached a unanimous settlement Thursday that would grant the utility authorization to increase revenue by $92 million, less than half of the $206 million total that it had sought in its push for rate increases. Consumer and environmental groups applauded the settlement, particularly because it will spare customers a sizable boost in fixed rates. Read more
The St. Louis Regional Chamber on Thursday evening recognized individuals and organizations for making the region a more attractive place to live, work and invest with its fourth annual Arcus Awards. A panel of business scholars and executives selected the winners based on their accomplishments reflecting the Chamber’s One Plan for regional prosperity. Read more
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