Vice President Mike Pence | Photo courtesy of Gage Skidmore/Flickr
Here are today’s top business headlines from across Missouri:
Vice President Mike Pence told a Missouri crowd small business is the “beating heart that creates prosperity and growth.” Pence spoke Wednesday at Fabick Cat, a company in the St. Louis suburb of Fenton that rents, sells and services Caterpillar equipment. The 1,100-employee company celebrates its 100th anniversary this year. Read more
SSM Health released renderings Wednesday providing the first look at its new $550 million SSM Health Saint Louis University Hospital. The facility includes more than 800,000 square feet of space and 316 private patient rooms. Construction is scheduled to begin Aug. 31 and be completed in September 2020. Read more
The Missouri House on Wednesday reaffirmed its commitment to a plan that would cut the amount of time people can claim jobless benefits to one of the shortest periods in the country. Rep. Scott Fitzpatrick, R-Shell Knob, proposed the measure, which would shorten the benefits period for laid-off workers from 20 weeks to 13 weeks if the unemployment rate is below 6 percent. Read more
Sporting goods chain MC Sports is shuttering all of its stores, including five locations across Missouri. The Michigan-based company, known legally as Michigan Sporting Goods Distributors, filed for Chapter 11 bankruptcy last week. The retailer has stores in Branson, Columbia, Springfield, St. Joseph and Warrensburg. Read more
Best known for its automotive GPS systems, Garmin Ltd. is steadily gaining ground with its wearables. For the quarter ending Dec. 31, the Olathe, Kansas-based company saw another quarter of double-digit growth in its fitness and outdoor segments, which house many of its smart watches. It also marked the first time Garmin’s fitness segment outpaced its automotive segment, bringing in just over $274 million in net sales. Read more
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