Missouri Minute: Greitens signs ‘right-to-work’ as unions file referendum to overturn; creditors file against Peabody reorganization

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

Greitens signs ‘right-to-work’ bill, but unions file referendum to overturn it

Republican Gov. Eric Greitens on Monday made Missouri the 28th state to ban mandatory union fees and dues, delivering a big win for primarily GOP supporters who worked for years to pass the so-called right-to-work measure. Read more

Peabody reorganization faces emergency appeal from opponents

An emergency appeal has been filed opposing Peabody Energy Corp.’s bankruptcy reorganization plan, alleging the proposal violates U.S. bankruptcy law by prematurely forcing creditors to approve the plan. The opponents’ complaints focus on the terms of a $1.5 billion private recapitalization that is part of the reorganization. Read more

Kansas City financial tech startup Blooom raises $9.15 million

Blooom, a startup that offers a web-based automated advisory tool for managing retirement accounts, has landed a round of financing to accelerate its growth. The Leawood, Kansas-based company announced Monday that it raised $9.15 million in a Series B round that features some big names in financial technology. Read more

Greitens suggests Purdue model as alternative to raising college tuition

Gov. Eric Greitens challenged Missouri’s colleges and universities last week in cutting $90 million from higher education in his budget plan. Instead of raising tuition, Greitens suggested following the example of Purdue University by culling “administrative bureaucracy” and costly contracts to rein in spending outside the classroom. Read more

Comcast selling faster connections to mid- to large-sized firms in KC market

Comcast announced Monday it has begun selling new fiberoptic connections to businesses in parts of the Kansas City market, offering high-speed internet and private network connections to medium-sized and larger companies in eastern Jackson County and parts of Johnson County. Read more

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