A now-closed Panera location in downtown Columbia | Missouri Business Alert
Here are today’s top business headlines from across Missouri:
Shares of Panera Bread Co. spiked nearly 12 percent Monday to a record high after Bloomberg reported that the fast-casual restaurant chain was exploring strategic options, including a possible sale. The stock hit a record $292.42 a share in late morning and closed at $282.63, up 8 percent for the day. The Sunset Hills-based bakery chain is said to be working with advisers to study its options, said people familiar with the matter. Potential suitors could include JAB Holding Co., Starbucks Corp. and Domino’s Pizza Inc., one of the people said. Read more
Peabody Energy Corp. said Monday that it has emerged from Chapter 11 bankruptcy protection and will begin trading again Tuesday on the New York Stock Exchange under the ticker symbol BTU, the same as prior to its bankruptcy filing. Peabody Energy Corp. said Monday that it has emerged from Chapter 11 bankruptcy protection and will begin trading again Tuesday on the New York Stock Exchange under the ticker symbol BTU, the same as prior to its bankruptcy filing. Read more
Three people were killed and four more were injured Monday in St. Louis’ Soulard neighborhood when an explosion sent a boiler flying from one business and through the roof of another more than a block away. One person died at the Loy-Lange Box Company, where the explosion occurred, according to St. Louis Fire Department Chief Dennis Jenkerson, and two others died at Faultless Healthcare Linen, where the boiler crashed through the roof. Read more
Layoffs of staff and nontenure track faculty in the University of Missouri System are a possibility as campus administrators seek ways to cut the fiscal 2018 budget by 8 percent to 12 percent, UM System President Mun Choi said in a system-wide email on Monday. The email, which outlines a two-month process for trimming the budget, said cuts will not be distributed across the board but instead will focus on ensuring “programs of excellence” have the support they need and considering significant reductions in programs that aren’t measuring up. Read more
A proposal to lower taxes on fantasy sports companies is drawing fire from some lawmakers who say the decision to push for a tax cut for the operators looks bad at a time when the state is having budget problems. A year after the General Assembly approved first-ever regulations for fantasy sports companies offering games in the state, members of the House voted 102-52 to slash the tax rate that businesses like FanDuel and DraftKings pay. Read more
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