Morning Minutes: Peabody to cut jobs, Monsanto willing to change name for Syngenta

Photos courtesy of (clockwise from top left) kcmayor.org, Nicole Lunger/Missouri Business Alert, and NY Post
Photos courtesy of (clockwise from top left) kcmayor.org, Nicole Lunger/Missouri Business Alert, and NY Post

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

Peabody to cut 250 corporate and regional jobs

Peabody Energy plans to eliminate about 250 jobs, including 50 at its St. Louis headquarters, in an effort to cut costs. The cutbacks will help the coal company save about $40 to $45 million per year, Peabody said Monday.

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Stifel to acquire Barclays’ US wealth management business

Stifel Financial Corp. plans to buy the U.S. wealth management business of Barclays PLC, St. Louis-based Stifel announced Monday.

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James plugs Kansas City’s ‘smart city’ plan to Cisco conference

Kansas City Mayor Sly James took the opportunity Monday to tout Kansas City’s “smart city” efforts to a wider audience, describing the city’s infrastructure efforts with Cisco and Sprint during a panel at the Cisco Live 2015 Conference.

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Monsanto offers name change, headquarters relocation for Syngenta

In an attempt to appease acquisition target Syngenta AG, Creve Coeur-based seed giant Monsanto Co. has expressed willingness to change its name and relocate its legal headquarters overseas, according to documents released Monday.

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Uber working to receive approval in St. Charles County

Uber could receive approval to begin operating in St. Charles County before it’s allowed in neighboring St. Louis County or St. Louis.

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