Missouri Minute: St. Louis minimum wage fight continues; Boulevard looks to can in KC

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

Groups opposed to St. Louis minimum wage hike want another day in court

The business organizations that took St. Louis’ law to raise the minimum wage to the Missouri Supreme Court filed a motion Wednesday for it to be reheard. It was the last day they could challenge last month’s ruling that upheld the city’s law. Read more

Hedge funds to reap big stock gains from Peabody bankruptcy

When Peabody Energy Corp. emerges from bankruptcy next month, a group of seven investment funds could reap hundreds of millions of dollars in gains from an unusual sale of discounted company stock. Six hedge funds and a state investment fund together own about half of the St. Louis-based company’s unsecured bonds, according to a January disclosure statement from Peabody. They used that leverage to gain access to a private placement of company stock, which has become surprisingly valuable amid an unexpected coal resurgence. Read more

Boulevard looks to expand its canned beer offerings by bringing packaging operation to KC

Boulevard Brewing Co. is exploring a new facility in Kansas City that would allow more canned offerings. Boulevard will appear before the Planned Industrial Expansion Authority on Thursday to seek approval of revenue bonds for a planned $10 million, 24,000-square-foot packaging facility that would bring the brewing company’s canning operations to Kansas City. Read more

St. Louis startup wins South by Southwest competition

Better Weekdays, a startup that moved to St. Louis after it received a $50,000 investment from tech accelerator Capital Innovators in 2014, has won a South by Southwest competition called SXSWedu Launch. Read more

Cuonzo Martin leaves Cal to lead Missouri men’s basketball

A new era of men’s basketball at the University of Missouri has begun with the hire of former California coach Cuonzo Martin, whose previous stops include a stint at Missouri State from 2008 to 2011. ESPN reported that Martin’s deal is seven years for a total of a little more than $21 million, but Missouri has yet to release contract details. Read more

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