Morning Minutes: Sinquefield gives $2.5M, MU sees record donations

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The University of Missouri joined the University of Missouri-Kansas City, University of Kansas and Kansas State University in bringing in a record fundraising haul last year. | Courtesy of Creative Commons

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

Sinquefield donates $2.5 million for Grow Missouri’s fall campaign efforts

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.

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State consumer advocate seeks rehearing on Noranda electric rate case

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.

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Ferguson fund allocates money to schools, businesses

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.

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MU, KU, UMKC report record fundraising

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.

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Companies shift more health insurance cost increases to workers

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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