Missouri Minute: RadioShack successor prepares for bankruptcy; KC faces another minimum wage hike challenge

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

RadioShack’s successor preparing to file for bankruptcy, sources say

General Wireless Operations, the joint venture between Sprint Corp. and former RadioShack owners, is preparing to file for bankruptcy, according to people familiar with the matter. A filing could happen within the coming days and will probably result in liquidation, said the people, who asked not to be identified because the process isn’t public. Read more

Kansas City faces another state challenge to raising city’s minimum wage

Missouri Rep. Dan Shaul, R-Jefferson County, has introduced legislation aimed at preventing Kansas City from pursuing a higher minimum wage for the city. With the bill already moving quickly through the legislative process, advocates for a higher minimum wage in Kansas City are urging even quicker action by City Hall. Read more

Greitens talks funding, budget at first full Capitol press conference

Gov. Eric Greitens discussed a wide range of issues, from higher education budget cuts to lack of funding for Missouri road repairs, during a meeting with journalists Thursday. Despite proposed cuts to funding for higher education, Greitens said he doesn’t want to see in-state tuition increase and blamed politicians for the current state of the budget. Read more

Gun, hunting equipment company to expand in central Missouri

A gun and hunting equipment company plans to open a new distribution and operations facility in central Missouri that could employ several hundred people. Gov. Eric Greitens announced the expansion plans Thursday for American Outdoor Brands Corp., which was known as Smith & Wesson Holding Corp. until this year. The governor delivered the news in a Facebook video that features him firing guns — much like he did in his campaign ads. Read more

Audits target policymaking weaknesses, causes of state budget gap

Missouri State Auditor Nicole Galloway has launched an initiative seeking to determine the causes of the money problems plaguing Missouri. Galloway, a Democrat, said she wants to identify weaknesses in policymaking and the causes of the state’s budget crisis, which has swelled to an estimated $500 million shortfall for the fiscal year that begins in July. Read more

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