Masayoshi Son, chief executive officer of SoftBank, which owns Sprint, speaks at a 2008 SoftBank event. | Nobuyuki Hayashi/Flickr
Here are today’s top business headlines from across Missouri:
Sprint Corp.’s primary owner may be looking to sell — or buy. In the face or rumors about a potential merger, SoftBank CEO Masayoshi Son said he faced new options for Sprint going forward, whether through a merger, or as a standalone company. Read more
Kansas City voters will see a proposed minimum wage ordinance on their ballots, but it’s likely to be the end of this week before it’s known whether the measure will be on the April or August ballot. An initiative petition to raise Kansas City’s minimum wage had a court hearing on Wednesday in Jackson County Circuit Court. Both sides argued their case — the city wanting to wait until August, the petitioners wanting April. Read more
A U.S. federal appeals court dismissed an emergency appeal by opponents of Peabody Energy Corp.’s reorganization plan on Wednesday, saying any complaints should be lodged after the plan is confirmed by the bankruptcy court. An ad hoc committee of dissenting creditors had said that a key piece of Peabody’s proposal to exit Chapter 11 protection violates U.S. bankruptcy law by prematurely requiring creditors to promise to support it. Read more
Mallinckrodt has received subpoenas from both the Securities and Exchange Commission and the U.S. Attorney’s office in Massachusetts in recent months, according to an SEC filing. Read more
The record $9.4 billion profit at General Motors Co. in 2016 means its hourly workers will receive record profit-sharing checks worth $12,000 apiece. For the 3,500 employees at the General Motors Fairfax Assembly Plant in Kansas City, Kan., it means bonuses worth a total of $42 million. Read more
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