Morning Minutes: Varsity Tutors raises $50 million, KCADC names new executives

Photos courtesy of (clockwise from top left) Varsity Tutors, hyku/Wikimedia Commons, and Wikimedia Commons
Photos courtesy of (clockwise from top left) Varsity Tutors, hyku/Wikimedia Commons, and Wikimedia Commons

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

Clayton-based Varsity Tutors raises $50 million

Varsity Tutors, a Clayton-based company that pairs tutors with students, announced it has closed on a $50 million round of venture capital. Read more


Kansas City Area Development Council picks new CEO, marketing chief

The Kansas City Area Development Council, an agency tasked with attracting new businesses to the Kansas City area, has identified two new executives. Read more


Arch Grants names newest winners of $50,000 startup funding

Arch Grants, a nonprofit outfit that aims to attract startups to St. Louis and help fuel their growth, is doling out $550,000 to a new group of 11 companies. Read more


Stadium backers make case to reluctant NFL owners as funding bill awaits approval

With several big developments swirling in the background, members of the St. Louis Board of Aldermen are set to examine a plan funding the city’s portion of a roughly $1 billion riverfront stadium. Read more


Push for firm 40-hour workweek faces challenges nationwide

A handful of company owners and executives around the United States are beginning to put limits on work encroachment on personal time, imposing policies to limit their salaried employees to a “firm 40″ hours a week and no more. Read more


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