Missouri Minute: Monsanto scraps Precision Planting sale; state budget deadline looms

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

Monsanto calls off sale of precision equipment unit to John Deere

Monsanto Co. has terminated an agreement reached over a year ago to sell its Climate Corp. subsidiary’s Precision Planting agricultural equipment business to Deere & Co., but Monsanto said it still plans to unload the business. The deal’s closing “has been delayed by Department of Justice concerns with the transaction,” Monsanto officials said Monday. Read more

Major steps are still left as state budget deadline draws near

The Missouri House and Senate must compromise on the state’s $27 billion spending plan by 6 p.m. Friday. That means the two chambers have just days to engage and complete a negotiation over millions of dollars in cuts. And according to Senate Appropriation Chair Sen. Dan Brown, R-Rolla, the House and Senate plans differ by almost $100 million. Read more

Forecast calls for ‘prolonged agony’ as floods close highways and schools, force evacuations

A series of heavy rains over the weekend was more than some of the state’s rivers and tributaries could take, with water rising into homes, businesses and across highways, closing roads and canceling classes. And the wet weather is not over. Rain is expected to return to parts of the state late Tuesday through Thursday, bringing up to 3 inches. Read more

Honeywell adds space in KC to accommodate hiring hundreds

Experiencing massive growth and needing more space, Honeywell Federal Manufacturing & Technologies LLC leased 62,500 square feet of additional space in the Kansas City area to house about 300 employees. Read more

With new approach, KC accelerator aims to better position ed tech startups

With applications now open for the Lean Lab’s fourth cohort, the Kansas City startup incubator is hopeful that a pivot in its approach will lead to more savvy education companies. Offering office space, mentorship, direct access to area school systems and up to $35,000 in support, the Lean Lab will soon select five education tech startups from around the world to enter its 2017 cohort. Read more

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