Here are today’s top business headlines from across Missouri:
The Catholic Diocese of Kansas City-St. Joseph agreed to pay $10 million to settle 30 lawsuits that alleged sexual abuse by priests. That action came on the eve of jury deliberations after an 11-day trial in a case filed by a former altar boy, and it brings to about $17 million the amount the diocese has paid to plaintiffs in civil cases in the past 15 months.
Carondelet Health, a part of the Ascension hospital chain, signed an agreement to sell its two Kansas City-area hospitals to Prime Healthcare Services. St. Joseph Medical Center in Kansas City and St. Mary’s Medical Center in Blue Springs will become part of the for-profit Prime hospital chain.
St. Louis Mayor Francis Slay said the city will no longer ask certain job applicants whether they’ve been convicted of a felony, although certain jobs will still require a criminal background check. St. Louis joins a growing number of cities and states that have adopted the so-called “ban the box” policy of not requiring job applicants to disclose felony convictions.
Work has begun on the $6 million conversion of the historic Gumbel Building in downtown Kansas City into a 70-room boutique hotel. Developer Mark Patel, who bought the six-story, 50,000-square-foot building in November 2012, said he was able to start the project after lining up financing from New Orleans-based Liberty Bank.
St. Louis financial tech startup accelerator SixThirty has selected four new companies. DAVO Technologies, MyMoneyButler, New Constructs and PFITR (Public Funds Investment Tracking and Reporting) will all get $100,000 investments.