Missouri Minute: KCI airport renovation plan approaching $2 billion price tag; Stifel acquires fixed-income business

Here are today’s top headlines from across Missouri:

KCI airport renovation plan approaching $2 billion price tag

Originally projected to cost about $1 billion, the plan to construct a new single terminal at Kansas City International Airport is edging ever closer toward a price tag of $2 billion. Plans to increase the size of the terminal, coupled with fewer federal grants and higher financing costs for the project, have driven the expected price to $1.92 billion. Read more

Stifel acquires fixed-income business First Empire

Stifel Financial Corp., the St. Louis-based financial services company, is expanding its fixed-income business by acquiring New York-based First Empire Holding Corp. and its subsidiaries, including First Empire Securities, Inc. First Empire offers a range of fixed-income products to about 2,000 customers nationwide. Read more

Missouri farmers feel trade pinch, but tariff views vary

With Election Day less than a week away, President Donald Trump’s tariffs are proving to be something of a wild card in Missouri farm country. The agriculture sector is bearing a disproportionate burden from the Trump administration’s trade war, with Chinese counter-tariffs in particular targeting American agriculture and the rural Trump voters reliant on the industry. Read more

Wall Street favorite Luetkemeyer could claim top House finance spot

If the GOP retain control of the House of Representatives in next week’s elections, a Missouri Republican viewed as an ally of Wall Street could take over one of Capitol Hill’s most prominent financial policy roles, Reuters reports. Rep. Blaine Luetkemeyer, R-St. Elizabeth, is viewed as a top Republican candidate to lead the House Financial Services Committee. Read more

Polsinelli founder and namesake announces retirement

Jim Polsinelli, who in 1972 helped start the Kansas City-based law firm that today bears his last name, has announced his retirement. In the years since its founding, the firm has grown into one of the top 100 law firms in the world, according to multiple industry publications. Polsinelli PC ranked 69th in the 2018 Am Law 200, published by American Lawyer. Read more

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