Morning Minutes: July 14

An assortment of Russell Stover chocolates. |Courtesy of BrokenSphere/Wikimedia Commons
Russell Stover Candies Russell Stover reported sales of $655 million last year, making it the 19th largest private company in the Kansas City area. |Courtesy of BrokenSphere/Wikimedia Commons

Swiss Chocolatier Buys Kansas City’s Russell Stover Candies

The Lindt & Sprüngli Group announced Monday that it had a definitive agreement to buy Russell Stover Candies Inc., which will maintain its headquarters in Kansas City. The deal will pair the Russell Stover and Whitman’s brands with the Lindt and Ghirardelli brands and make Lindt the third-largest chocolate maker in North America.

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Environmentalists Welcome Ameren’s Decision To Close Oldest Power Plant 

Tucked into a general rate increase request that drew most of the attention last week, Ameren Missouri revealed that it planned to close its power plant in St. Louis County within eight years. The decision by the utility’s board followed a study that found running the plant beyond 2022 would require more maintenance and upgrades than it was worth.

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Miller Time? Speculation About A-B InBev Acquisition Increases

A number of industry analysts say they have reason to believe that Anheuser-Busch InBev, which purchased Anheuser-Busch Cos. six years ago this weekend, is preparing another blockbuster purchase by acquiring rival SABMiller, the world’s No. 2 beer company.

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Nixon On Verge Of Breaking Missouri’s Veto Record

With seven bills still to be acted on by the end of today, Gov. Jay Nixon already has vetoed 31 of the 163 bills lawmakers passed and sent to him during the 2014 General Assembly — the most vetoes Nixon has issued in his six years as Missouri’s chief executive. Nixon also vetoed line-items in 13 of the 15 budget bills the lawmakers passed in May.

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St. Louis, Kansas City Among Cities With Most Vacated Foreclosures

More than one-third of the St. Louis area’s 2,500 properties in foreclosure were vacant as of the second quarter. That was a high enough rate to qualify for fifth place on a new list of cities with the most abandoned homes.

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