Morning Minutes: Army to cut positions at Fort Leonard Wood, Macks Creek Law signed

Photos courtesy of (clockwise from top left) Fort Leonard Wood/Facebook, ABC Labs/Facebook, and Creative Commons
Photos courtesy of (clockwise from top left) Fort Leonard Wood/Facebook, ABC Labs/Facebook, and Creative Commons

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

Army to cut 774 uniformed positions at Fort Leonard Wood

A plan to reduce the U.S. Army by about 40,000 troops nationwide means 774 uniformed personnel will be cut from Fort Leonard Wood by 2017, the Army announced. Despite the cuts, Missouri elected officials said the mid-Missouri fort could have faced a worse fate. Read more

Nixon signs bill lowering revenue caps for traffic infractions

Gov. Jay Nixon signed a bill Thursday that he said brings “sweeping” reform to the way the state’s municipalities make money, capping the amount of revenue that can be generated from traffic fines and tickets. The bill, which updates the state’s so-called Macks Creek law, also requires municipal courts to consider individuals’ ability to pay traffic fines, and it prohibits sentencing people to jail time for failure to pay. Read more

Kansas City moves step closer to raising minimum wage

Kansas City is one vote away from becoming the first city in Missouri to raise its minimum wage above the state-mandated level of $7.65 per hour. Read more

ABC Labs acquired by California firm

The Columbia firm Analytical Bio-Chemistry Laboratories Inc., founded in 1968, was purchased on Wednesday by a network of laboratories based in California. Read more

DST Systems acquires New York company for $64 million

Kansas City-based DST Systems Inc. announced Thursday it will acquire Wealth Management Systems Inc., an employee benefit and technology services company based in New York, N.Y. Read more

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