Morning Minutes: Sprint changes continue, Nixon releases $143M

Marcelo Claure, founder of Brightstar, was as announced as the new CEO of Sprint on Aug. 7, 2014. He is pictured here during the World Economic Forum on East Asia in 2012. | Courtesy of World Economics Forum/Flickr
New Sprint CEO Marcelo Claure is ushering in a wave of changes that a company spokeswoman said will include employee reductions. | Courtesy of World Economics Forum/Flickr

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

New Sprint CEO continues shakeup

CEO Marcelo Claure told Sprint’s investors that he is rebuilding his top management team, has an extensive list of unnecessary spending to cut and is shifting the Overland Park, Kan.-based company’s strategy for boosting its lagging network speeds. Claure, on the job only since Aug. 11, already has changed Sprint’s pricing, data plans, advertisements and marketing.

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Nixon releases education funding, cites sustained vetoes

Gov. Jay Nixon released $143 million of education funding increases after lawmakers sustained his vetoes of tax break bills during the veto session. In June, Nixon vetoed 10 bills that provided tax breaks to grocery stores, power companies and dry cleaners, for example, which he estimated would drop state revenue by $425 million.

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KC Convention & Visitors Association changes name, location

The Kansas City Convention & Visitors Association has changed its name to “Visit KC” and early next year will move from the City Center Square building to another downtown building on Baltimore Avenue.

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Scottish startup to open St. Louis office

MiiCard, a Scottish startup that was one of the first four financial technology companies to participate in the SixThirty accelerator program in 2013, intends to open a St. Louis office.

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American Royal Association leader warns of possible move

Neal Patterson, the CEO of Cerner Corp. and a lifetime director of the American Royal Association, hinted that the organization’s future commitment to Kansas City might be on the rocks as the city works toward determining the fate of Kemper Arena. “It is the American Royal — it doesn’t have to be in Kansas City,” Patterson said at an American Royal event.

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