Morning Minutes: Spending bill’s Blunt-backed provision, Boeing breaks ground
Here are this morning’s top business headlines from across Missouri:
Spending bill includes Blunt-backed manufacturing provision
Among the last-minute provisions added to the $1.1 trillion spending bill Congress passed last week was a measure backed by Missouri Sen. Roy Blunt that aims to boost U.S. manufacturing.
Boeing breaks ground on 777X parts facility in St. Louis area
Boeing broke ground Tuesday on a 367,000-square-foot composite center in the St. Louis area that will make parts for the company’s new 777X airliner. The company is investing $200 million in the facility, which is expected to begin operations in 2017 and employ up to 700 people.
Sprint to end NASCAR sponsorship after next season
Citing a need to focus more directly on core business priorities as it looks to significantly reduce costs, Sprint announced Tuesday that it will not extend its title sponsorship of NASCAR’s top racing series.
As costly corporate data breaches pile up, cyber liability insurance market surges
As the list of retailers in Missouri that have experienced data breaches continues to grow, many companies are seeking insurance coverage for their cyber risk. Michael Born of the Lockton Companies, a global insurance brokerage headquartered in Kansas City, said that the cyber insurance market has grown for both large and small businesses.
AMC Theatres to test monthly subscription model
AMC Theatres will try a business model for movies in theaters that has worked well for companies streaming movies over the Internet — subscriptions.
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