Missouri Minute: Monsanto swings to profit; Right-to-work public hearings on Tuesday

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

Monsanto swings to profit on higher demand in South America

Monsanto Co., which is in the process of being acquired by Germany’s Bayer AG for $66 billion, swung to a quarterly profit, helped by higher demand from South America. Sales of soybean seeds and traits jumped 37 percent as more farmers in South America sowed the company’s genetically modified soybean seed Intacta RR2 Pro. Read more

Both sides on right-to-work issue to testify Tuesday at Missouri Capitol

The Missouri House Economic Development Committee will hold public hearings on five right-to-work bills Tuesday afternoon in Jefferson City. Supporters and opponents of right-to-work will have their opportunity to testify Tuesday before the committee. Read more

KC Republican says vote on labor bills cost him top budget job in Missouri Senate

Republican Sen. Ryan Silvey of Kansas City will not be chairman of the powerful Senate Appropriations Committee in 2017. Silvey says it was his opposition to a pair of bills enacting tougher regulations on labor unions that cost him the job. Read more

$7.6 million in Boeing shares withheld from top execs to pay income taxes

Boeing withheld $7.6 million worth of the jet maker’s shares from its two top executives in December to satisfy income taxes triggered by stock awards to them under their pay packages. Read more

New $35M golf lounge will drop its tee in North Kansas City mixed-use redevelopment

A new concept in golf entertainment plans to open its second facility as part of a $133 million, 62-acre redevelopment project in North Kansas City. Driv Golf Lounge & Brewhouse, the brainchild of a Los Angeles-based design and production company, plans to open its first location in Wichita in 2018. Read more

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