Morning Minutes: KC, St. Louis vote on earnings taxes, Bats launches IPO

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

Municipal elections to decide fate of earnings taxes

Residents of St. Louis and Kansas City will decide whether to renew 1 percent earnings taxes that provide large portions of their cities’ budgets as voters across the state head to the polls Tuesday for local elections. Read more

Bats Global Markets launches IPO

Bats Global Markets launched its initial public stock offering Monday, beginning a process that could value the stock exchange operator between $1.6 billion and $1.8 billion. Read more

Siemens said to have interest in Emerson network power business

German company Siemens AG has approached Emerson about acquiring the Ferguson-based company’s network power business, people familiar with the situation told Reuters. Read more

Koster nets union contributions, raises $1 million over weekend

Democrat Chris Koster brought in more than $1 million of contributions to his gubernatorial campaign over the weekend, with a bulk of that haul coming from labor unions. Read more

Senate moves to restore UM System cuts, approve review commission

The Missouri Senate began backing away from $7.6 million in House-proposed cuts to University of Missouri System funding Monday, instead moving toward a $1 million decrease and the creation of a review commission to examine items such as university rules and regulations, administrative structure and diversity programs. Read more

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