Morning Minutes: Emerson sells transmission business, troubled Congress makes its mark

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

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

Emerson selling power transmission unit for $1.44 billion

Emerson Electric Co. has agreed to sell its Power Transmission Solutions business to Wisconsin-based Regal Beloit Corp. for $1.44 billion. David Farr, Emerson’s chairman and CEO, said the division didn’t align with the “strategic direction” of the St. Louis-based company any longer.

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Despite frustration, 113th Congress makes mark on Missouri economy

The $1.1 trillion spending bill that passed the Senate over the weekend will keep the federal government running through the end of its budget year, but many Missouri legislators in Washington were left shaking their heads as the 113th Congress concluded its work.

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KC group proposes quadrupling cigarette tax to fund early childhood programs

A business-led group in Kansas City is leading a push to quadruple Missouri’s cigarette tax, which is currently the lowest in the nation, and use proceeds from the tax increase to fund early childhood education in the state.

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#FergusonRebuild campaign crowdfunds grants to help business recovery

#FergusonRebuild, an initiative created by Missouri Secretary of State Jason Kander to provide grants to businesses in Ferguson, has raised more than $130,000 toward its goal of $150,000 to help with the recovery process in the St. Louis suburb.

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Health insurance advocates make registration push before first deadline

With today marking the first deadline for consumers to enroll in insurance coverage through HealthCare.gov, health insurance advocates in Missouri held dozens of events this weekend to raise awareness and provide assistance applications for the online insurance marketplace.

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