Morning Minutes: GM invests in KC plant, Panera cuts out artificial ingredients

Photos courtesy of Creative Commons
Photos courtesy of Creative Commons

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

GM to invest $174 million in KC plant

General Motors on Monday announced a $174 million investment to support production of the 2016 Chevrolet Malibu at the company’s Fairfax Assembly Plant in Kansas City, Kan. The announcement was part of the Detroit-based automaker’s celebration of producing 500 million vehicles in its history.

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Panera eliminating 150 artificial ingredients from menu

Panera Bread Co. will cut more than 150 artificial ingredients from its menu, including high fructose corn syrup and artificial trans fats. The Sunset Hills-based restaurant chain announced the move Monday and set the goal of phasing out the ingredients by 2016.

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Senate overrides Nixon’s veto of welfare cuts; House next

A bill that would reduce welfare benefits in Missouri, vetoed last week by Gov. Jay Nixon, is one step closer to becoming law.

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KC construction firm Foley acquired by Cincinnati company

Enerfab Power & Industrial Inc. announced Monday that it purchased Foley Co. from Otter Tail Corp., a Minnesota-based company. Terms of the deal were not disclosed.

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Future uncertain for Senate fuel tax bill

A last-gasp effort to increase Missouri’s gas tax during the final weeks of the legislative session received initial approval from the Senate last week, but that may be as far as the bill goes.

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