Morning Minutes: Answers group raises $39M, Missouri low in energy ranking

Answers acquired three companies in 2013 and was expected to be ready for an IPO by late 2014. | Photo by Michael Stacy
Answers was acquired for $900 million earlier this year. | Michael Stacy/Missouri Business Alert

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

St. Louis IT company raises $39 million

A group of 20 investors led by the CEO of Answers Corp., a St. Louis-based company best known for its question and answer website, has raised $39 million through an equity offering, according to a filing with the Securities Exchange Commission. The raise comes just more than a month after Apax Partners agreed to acquire Answers, which owns other cloud-based companies that help businesses engage with consumers, in a deal worth $900 million.

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Missouri among the worst-ranked states for energy efficiency

Missouri ranked 44th among the 50 states in the annual report from the American Council for an Energy-Efficient Economy, falling one spot from the previous year. ACEEE’s annual ranking is one of the more comprehensive energy efficiency policy surveys in the country.

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Royals World Series run leads to flood of private jet traffic at KC airport

The Kansas City Royals’ two home games in the World Series brought much more air traffic than normal to Kansas City’s airports. On Tuesday, there were more than 300 takeoffs and landings at the Charles B. Wheeler Downtown Airport, which is about 125 more takeoffs and landings than usual.

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Kansas’ flagship university tops Missouri, Illinois in apparel contracts

The University of Missouri, with a 2013 enrollment of 34,658, has a $2.25 million contract with Nike for 2014-2015, while Illinois, with a 2013 enrollment of 44,520, has a contract of about $1.53 million. The University of Kansas, with a 2013 enrollment of 27,784, however, takes the cake with a 2014-2015 contract value of close to $6.38 million from Adidas.

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Lyft to temporarily suspend Kansas City operations

Ride-sharing service Lyft Inc. will suspend operations in Kansas City, starting Friday and running through mid-December, while the city manager and city attorney’s offices conduct an analysis of the city’s transportation regulations required by a city council resolution.

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