Morning Minutes: Judge strikes down St. Louis minimum wage, Low-income Missourians to receive health care training

Photos courtesy of (clockwise from top left) Wikimedia Commons, ada fruit/Flickr, and Creative Commons
Photos courtesy of (clockwise from top left) Wikimedia Commons, ada fruit/Flickr, and Creative Commons

Here are today’s top business headlines from across Missouri:

Judge strikes down St. Louis minimum wage law

A St. Louis circuit court judge struck down the city’s minimum wage law on Wednesday, just hours before it would have gone into effect. Read more


$15 million grant to train low-income Missourians for health care jobs

The state of Missouri will use a $15 million federal grant to train low-income Missourians in St. Louis, Kansas City and 19 Mid-Missouri counties for health-related careers, Gov. Jay Nixon announced Wednesday. Read more


KBP Foods acquires $20M in fast-food stores

KBP Foods LLC is upholding its reputation as one of the nation’s fastest-growing restaurant companies. The Overland Park-based company announced Wednesday that it closed a $20 million acquisition of Yum Brands restaurants in the Chicago area. This is KBP’s first foray into the Chicago market. Read more


Investor loan to help Smith Electric Vehicles steer clear of bankruptcy

Kansas City-based Smith Electric Vehicles Corp. received a loan of $2.9 million from a Hong Kong investor that will keep the company open as it pursues additional investment. This loan will be converted to Smith Electric common stock on the closure of proposed subscription rights offering to existing shareholders. Read more


Square files for $275 million IPO

Square Inc., the multibillion-dollar mobile payments company founded by native St. Louisans Jack Dorsey and Jim McKelvey, has filed to go public with an initial offering of $275 million, a figure that could increase as it nears. Read more


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