Morning Minutes: Veto session fallout, Fed won’t hike interest rates

Photos courtesy of (clockwise from top left) NYPost, Tatiana Darie/Missouri Business Alert, and Federal Reserve Bank
Photos courtesy of (clockwise from top left) NYPost, Tatiana Darie/Missouri Business Alert, and Federal Reserve Bank

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

Speaker predicts more ‘right-to-work’ efforts, says GOP governor needed

During Wednesday’s veto session, the Missouri Legislature’s Republican supermajority overrode Gov. Jay Nixon on more than half the bills the Democratic governor had vetoed. But afterward, GOP leaders were already discussing future efforts in support of one bill they had failed to pass into law: The contentious “right-to-work” legislation. Read more

Fed leaves interest rates unchanged, cites low inflation

The Federal Reserve Bank announced Thursday it would leave interest rates unchanged, opting against its first rate hike since the financial crisis amid low inflation and global economic uncertainty. Read more

Taxicab commission meeting on Uber set for Friday

On Friday, the St. Louis Metropolitan Taxicab Commission is set to once again take up the Uber debate. Read more

Emerson sells $284 million unit to Italian firm

Italian food service equipment company Ali Group has acquired Emerson’s InterMetro Industries Corp. and its subsidiaries, a business with about $284 million in annual sales. Read more


Kansas City takes steps to remove $15 minimum wage initiative from ballot

On Wednesday, the Missouri General Assembly overrode Gov. Jay Nixon’s veto of a bill that prohibited local control on the minimum wage. Now, Kansas City’s city attorney says he’ll work with election authorities to remove a $15 per hour minimum wage proposal from the November ballot. Read more

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