Morning Minutes: August 1

School supplies and other items won't be taxed this weekend as part of Missouri's annual sales tax holiday. | Courtesy of meddygarnet/Flickr
School supplies and other back-to-school items won’t be taxed this weekend as part of Missouri’s annual sales tax holiday. | Courtesy of meddygarnet/Flickr

Happy August! Here are today’s top headlines from across Missouri:

Ballot Briefing: Amendment 1 and the ‘right to farm’

Since 1975, Missouri family farmers have had explicit legal protection of their right to farm, outlined by the Missouri Family Farm Act. Now, supporters of a measure on Missouri’s Aug. 5 ballot want to expand those agricultural protections by including an amendment in the state constitution enshrining the right to farm and ranch.

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French company beats Sprint to bid in T-Mobile pursuit

French telecom company Iliad SA has offered $15 billion in cash, or $33 a share, for a 56.6 percent stake in T-Mobile US Inc. The move could undermine months of work by Overland Park, Kan.-based Sprint and Bellevue, Wash.-based T-Mobile to combine forces to create a stronger No. 3 U.S. wireless carrier.

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Retailers brace for big weekend as sales tax holiday arrives

Some Missouri retailers began preparing weeks in advance for the state’s annual sales tax holiday, which begins today and runs through Sunday, but not all shoppers in the state are as enthusiastic.

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Payments firm Heartland to buy Lenexa’s TouchNet for $375 million

Heartland Payment Systems, the fifth-largest payment processor in the U.S., will purchase Lenexa, Kan.-based TouchNet Information Systems for $375 million, the biggest acquisition ever for New Jersey-based Heartland.

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Nixon calls for investigation of UMKC business school rankings

Nixon’s review demand comes in the wake of a Kansas City Star investigation questioning the validity of rankings such as a 2011 ranking from the Journal of Product Innovation Management.

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