Morning minutes: July 28

 

The UMKC Bloch School of Business Administration. | Photo courtesy of UMKC
The UMKC Bloch School of Business Administration. | Photo courtesy of UMKC

Here are today’s top headlines from across Missouri:

Express Scripts unveils first building in $56 million expansion today 

Express Scripts Holding Co. will open a new office building and the addition of an existing building today, part of an expansion that’s expected to add 1,500 employees over the next few years to the St. Louis area. The pharmacy benefit manager received $6.8 million in tax incentives from the state to construct the additional building.

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UMKC business school’s misleading march to the top 

A Kansas City Star investigation raises questions about an academic study that ranked UMKC’s business school ahead of Harvard, Stanford and other top colleges in innovation management research — the study of how entrepreneurs turn good ideas into big bucks and jobs. The Star found a pattern of exaggerations and misstatements that polished the Bloch School of Management’s reputation as it sought to boost enrollment and open donors’ checkbooks.

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Ameren rate hearing begins today 

The Missouri Public Service Commission carved out the whole week to take testimony and evidence in a rate case that accuses Ameren Missouri of earning more profit than regulators allow. Consumer groups led by Noranda Aluminum, the largest electric consumer in the state, will argue that the percentage return regulators do allow is too high and should be reduced.

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Sprint CEO is overpaid, shareholder advisory group contends 

Institutional Shareholder Services, a shareholder advisory firm, is telling Sprint’s shareholders to protest CEO Dan Hesse’s $49 million 2013 pay package, saying it’s excessive and not tied to performance.

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Sears expansion to create 160 jobs in Kansas City 

Sears Hometown and Outlet Stores Inc. is ready to transform its facilities in Kansas City into a central distribution center for the south-central region. The project is slated to be finished in the fall and will create 160 jobs in Kansas City.

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