Morning Minutes: Bill would allow frequent utility rate increases, Uber pushes for statewide standards

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

Bill backed by KCP&L would allow frequent, but possibly smaller, rate increases

Missouri utilities could raise customers’ rates every year — and with less control by regulators — under a bill they’re backing in Jefferson City. Read more

As Uber pushes for statewide standards, police voice concerns

Legislation that would eliminate local regulation of ride-hailing services in favor of statewide oversight is pitting companies Uber and Lyft against local law enforcement. Read more

Fed scales back rate-rise forecasts as global risks remain

Officials at the Federal Reserve held off from raising borrowing costs and scaled back forecasts for how high interest rates will rise this year, citing the potential impact from weaker global growth and financial-market turmoil on the U.S. economy. Read more

Coal miner Foresight still in talks with creditors

St. Louis-based Foresight Energy has once again extended debt talks with its creditors as it seeks to restructure more than $1.2 billion in debt. Read more

Missouri House votes to reverse Nixon spending cuts

For the first time, the Missouri House voted to overturn $925,000 in budget restrictions made by Gov. Jay Nixon to the current year’s state budget. Read more

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