Missouri Minute: Judge approves Peabody plan; Missouri Legislature heads for spring break amid mixed reviews

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

Judge to approve Peabody’s bankruptcy exit

Peabody Energy Corp., the world’s largest private sector coal producer, said Thursday that it expected to exit its Chapter 11 bankruptcy in early April after a U.S. judge said he would approve its plan to slash more than $5 billion of debt. St. Louis-based Peabody will leave bankruptcy amid dramatically improved short-term prospects for its business compared with a year ago, when it sought Chapter 11 protection. Read more

GOP leaders tout successes in legislative session as spring break arrives

Missouri lawmakers wrapped up several items before heading home from Jefferson City Thursday for the legislature’s annual mid-session break. Republicans have rolled out right-to-work legislation, which quickly moved through both chambers before Gov. Eric Greitens quickly signed into law. Republicans also pushed through a number of contentious bills seeking to address economic development in the Show-Me State, focusing on reforming labor, regulations and torts. Read more

St. Louis County startup fund will cut bigger checks but could soon run out

The St. Louis County Port Authority has more than doubled the amount of money its startup investment arm can invest in young companies, but it’s not clear yet whether the port authority will seed the Helix Fund with more capital so it can invest beyond a few more deals. The board of the port authority approved a measure allowing the Helix Fund to invest as much as $250,000 in individual companies, up from $100,000. The measure also broadened the scope of tech companies eligible for Helix Fund investment to include information technology and other tech businesses. Read more

Schnucks, Teamsters reach tentative agreement that could end boycott

A nine-month standoff between Schnuck Markets and the Teamsters could be coming to an end in a few days. Schnucks said Thursday that it had reached a tentative agreement with Local 688 covering 102 workers at the grocer’s Bridgeton warehouse. Read more

GOP’s health care bill doesn’t account for aging population, providers say

States with rapidly aging populations, like Missouri, are seeing increased costs to Medicaid programs that cover low-income residents. Read more

Want the state’s top business and entrepreneurship news in your inbox? Sign up here for our newsletters.

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students