Morning Minutes: Fed raises interest rates, McKee and St. Louis strike deal

Photos courtesy of (clockwise from top left) Day Donaldson/Flickr, Wally Gobetz/Flickr, and Yuna Kim/Flickr
Photos courtesy of (clockwise from top left) Day Donaldson/Flickr, Wally Gobetz/Flickr, and Yuna Kim/Flickr

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

Fed signals confidence in economy, raises interest rates for first time since 2006

For the first time since 2006, the Federal Reserve Bank is raising interest rates. In a move that was widely expected, the central bank announced a new federal funds rate target of 0.25 percent to 0.5 percent at the conclusion of its Federal Open Market Committee meeting on Wednesday afternoon. Read more


St. Louis strikes deal with McKee for land in NGA site

Developer Paul McKee and a St. Louis agency have reached a deal over the developer’s property within the city’s proposed site of the new National Geospatial-Intelligence Agency. Read more


AMC completes acquisition of Starplex Cinemas

Leawood, Kan.-based AMC Entertainment Holdings Inc. announced Wednesday the completion of its acquisition of Starplex Cinemas. Read more


Ad campaign targets Republican opponents of ‘right-to-work’ bill

A new political action committee has launched a $1 million ad campaign targeting Republican members of the Missouri House of Representatives who voted against a proposed “right-to-work” bill in September. Read more


U.S. Figure Skating Championships coming to Kansas City in 2017

Kansas City has won the bid for the 2017 U.S. Figure Skating Championships, with the event’s director citing the region’s facilities and the work of Visit KC. Read more


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