A Sprint store in Springfield, Mo. | Nicole Lunger/Missouri Business Alert
Here are today’s top business headlines from across Missouri:
Emerson Electric Co., the Ferguson-based factory automation equipment maker, announced Thursday it has agreed to buy Pentair Plc’s valves and controls business for $3.15 billion in cash, broadening its focus on industrial automation under a year-old plan to overhaul operations. Read more
Sprint and T-Mobile US announced unlimited data plans within minutes of each other Thursday, triggering accusations and insults by their CEOs that the other had copied the idea. Read more
The St. Louis Regional Chamber has named Warner Baxter, the chairman, president and CEO of Ameren Corp., as its new board chair. Read more
Rents in the Kansas City metro area have been rising at an accelerated rate over the past year — by double-digit percentages in some poorer ZIP codes — even though household incomes and developers’ costs have remained flat with inflation. Read more
For the dreamers who want to create the next Square mobile payments device or some other invention, a new workshop and fabrication studio in St. Louis will supply the machinery. Read more
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