Missouri Minute: Emerson to acquire Pentair; Sprint, T-Mobile launch unlimited data plans

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

Emerson boosts revamp with $3.15 billion acquisition of Pentair

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 launch unlimited data plans, spurring CEO squabble

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

St. Louis chamber appoints Ameren’s Baxter as new chair

The St. Louis Regional Chamber has named Warner Baxter, the chairman, president and CEO of Ameren Corp., as its new board chair. Read more

Rising KC rents post threat of real estate bubble, take toll on poor

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

TechShop opening in St. Louis a ‘playground’ for inventors, entrepreneurs

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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