Here are today’s top business headlines from across Missouri:
Rex Sinquefield, Missouri’s top political donor, will give $2.5 million to a prominent conservative political action committee to help fund its campaign efforts this fall. Grow Missouri Treasurer Aaron Willard said the money from its primary benefactor will be spent on ballot initiatives and individual candidates, as well as causes.
The Missouri Office of Public Counsel and Noranda Aluminum asked for a rehearing of the company’s request for a lower electric rate, which the Missouri Public Service Commission denied in August. The PSC’s decision prompted the company’s aluminum smelter in southeast Missouri to announce it would lay off 125 to 200 people over the next six months.
A fund created by the Regional Business Council will give $95,000 to help businesses in the Ferguson area affected by August’s unrest over the police shooting death of Michael Brown and to help pay for training efforts at local schools. More than $150,000 has been pledged to the Reinvest North County Fund, and this is the first round of awards.
As state support to higher education continues to wither, the University of Missouri, the University of Missouri-Kansas City, the University of Kansas and Kansas State University all had their best year ever getting private donations.
The average cost of employer-sponsored health insurance increased only 3 percent this year to $16,834 for family plans, but companies are increasingly shifting the burden to employees, according to the annual survey by the Kaiser Family Foundation and the Health Research and Education Trust.
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