Morning Minutes: Bitcoin battle brewing, KC job growth projected

Bitcoin | Courtesy of Atana/Flickr
Leawood, Kan.-based Butterfly Labs is being sued by the FTC over its bitcoin business. | Courtesy of Atana/Flickr

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

Bitcoin business in KC area vows to fight federal shutdown

The Federal Trade Commission has sued a Leawood, Kan., company, alleging it took more than 20,000 consumers for as much as $50 million in a bogus bitcoin business. The company, Butterfly Labs, sold computers that it said could generate the virtual currency for the buyers but failed to deliver the machines or sent worthless equipment, according to a court filing.

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Kansas City Chamber forecast predicts annual job growth will double

Economic growth in the Kansas City area will soon translate into job growth in the region, according to a forecast released by the Greater Kansas City Chamber of Commerce. A researcher predicts Kansas City employers will have created 16,500 new jobs by the end of 2014, compared to the 8,500 jobs that were gained in 2013.

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St. Louis alcohol distributors settle during civil trial

St. Louis distributor Major Brands reached a settlement in a civil trial with alcohol producer Diageo and St. Charles distributor Glazer’s of Missouri. Terms of the settlement were not disclosed, but Major Brands said in a news release that the company received a “substantial payment.”

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Ferguson council meeting reflects continued racial tensions

The second Ferguson City Council meeting since the fatal shooting of Michael Brown started with a series of court reforms and ended with a conversation that further exposed the divisions within the community. The council, meeting at a Baptist church, passed a legislative package aimed at reducing court revenue from fines and reforming a system that has been criticized nationally for victimizing the poor.

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KC engineering firm celebrates headquarters expansion

Black & Veatch celebrated the completion of its $60 million Overland Park, Kan., headquarters renovation and expansion and the debut of the new Rodman Innovation Pavilion. The pavilion features a living roof covered with sod, solar panels, geothermal wells that power the building, along with open office-style meeting spaces, client conference rooms, and a refurbished auditorium.

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