Missouri Minute: Minimum wage headed to KC August ballot; Boeing fighter jets get new life from Trump tweets

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

$15 per hour minimum wage headed to KC August ballot

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 fighter jet, feared dead, gets new life from Trump tweets

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

Tobacco money will help avoid cuts of in-home care, school busing, Greitens says

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

Unanimous settlement agrees to grant Ameren $92 million revenue increase

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

St. Louis Regional Chamber names Arcus Awards winners

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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