Morning Minutes: KCP&L plans solar plant, Monsanto discusses another Syngenta buyout offer

All photos courtesy of Creative Commons
All photos courtesy of Creative Commons

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

KCP&L plans first commercial-scale solar plant

Kansas City Power & Light has announced plans for its first commercial-scale project to generate solar power. The plant, which would be located southeast of Kansas City in Greenwood, is expected to produce about 4,700 megawatt-hours of electricity each year, or about enough energy to power 440 homes. Read more

Monsanto executives discussing another offer for Syngenta

St. Louis-based Monsanto Co. is exploring another possible buyout bid for Swiss crop chemical company Syngenta, according to president and chief operating officer Brett Begemann. Read more

Missouri jobless rate lowest since 2007

According to seasonally adjusted data released today by the Missouri Department of Economic Development, Missouri’s unemployment rate fell by three-tenths of a point in October to 5.0 percent, the lowest rate since April 2007. Read more

Marriott’s $12.2 billion Starwood deal sign of what’s to come

Marriott International Inc.’s agreement to buy Starwood Hotels & Resorts Worldwide Inc. in a $12.2 billion deal, creating the world’s largest lodging company, signals more consolidation to come as hotel operators find being bigger is better to compete with each other and such upstarts as Airbnb Inc. Read more

Kansas City-area health services firms to merge

Overland Park-based pharmaceutical provider OptumRx has purchased a fast-growing home health services company out of Lenexa. Read more

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