Morning Minutes: Blunt and McCaskill tackle Postal Service, LockerDome raises $10M

Photo by Nicole Lunger
Photo by Nicole Lunger

Here are this morning’s top business headlines from across Missouri:

Blunt, McCaskill challenge postal service consolidation

Missouri Sens. Roy Blunt and Claire McCaskill were part of a group of 28 senators who sent a letter to the postmaster general saying the U.S. Postal Service is not following its own guidelines for evaluating service standards and considering issues for local customers. The letter comes in the face of a postal service plan to consolidate up to 82 mail processing centers nationwide, including facilities in Springfield and Cape Girardeau.

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LockerDome raises $10 million to expand engineering, sales

LockerDome, the St. Louis-based startup behind a social network that lets users share content based on their interests, has closed on a $10 million round of funding led by St. Louis-based venture capital firm Cultivation Capital.

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Young farmers feel pinch of dropping crop prices

Over the last couple of years, when grain prices reached record highs, young farmers were able to make land or equipment purchases with relative ease. But now, with a record harvest causing corn to sell for about half of what it did in 2012, grain farmers are feeling the pinch.

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Republican leaders look to appeal judge’s gay marriage ruling

The Missouri Legislature’s Republican leadership is pushing for the appeal of a Kansas City circuit judge’s ruling that would require Missouri to recognize same-sex marriages performed in other states.

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Bass Pro Shops eyes Pyramid for new Memphis store

Bass Pro Shops’ newest store will be housed in a remodeled pyramid — the Memphis Pyramid, that is. The Springfield-based outdoor sports retailer is scheduled to open a new Memphis location next spring in the Pyramid, a 32-story venue that formerly served as the home of the NBA’s Memphis Grizzlies.

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