Missouri Minute: Cerner wins VA contract; Bass Pro criticizes Cabela’s performance

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

VA selects Cerner to overhaul health record system

Cerner Corp., the North Kansas City-based health care IT company, has been awarded the Department of Veterans Affairs contract for a next-generation electronic health records system. VA Secretary David Shulkin said the exact contract value may not be known for three to six months, but industry observers suggested it will be worth hundreds of million of dollars. Read more

Bass Pro criticizes Cabela’s performance after agreeing to acquisition

In the months after Bass Pro Shops agreed to acquire Cabela’s, leadership of Springfield-based Bass Pro was critical of the business performance of its Nebraska-based rival. Documents recently filed by Cabela’s with the Securities and Exchange Commission state that Bass Pro expressed disappointment “on several occasions” between early October — when the deal was announced — and late February. Read more

St. Louis Fed weighs-in on potential $10 an hour minimum wage

Even though Missouri lawmakers passed a bill that essentially blocks the city of St. Louis from raising its minimum wage, economists are weighing in on how the region could be affected by increasing that rate to $10 an hour. The state legislation awaits the signature of Gov. Eric Greitens. Meanwhile, Charles Gascon and James D. Eubanks from the Federal Reserve Bank of St. Louis have co-written a research paper that examines several questions, including how many city residents would be directly affected by increasing the city’s minimum wage. Read more

Governor’s tax committee hears case for historic preservation tax credits

With just weeks before the scheduled end of hearings by the Governor’s Committee on Simple, Fair and Low Taxes, the committee continues rolling through its weekly meetings. On Monday, the committee heard the testimony of developers from across Missouri on historic preservation tax credits, which St. Louis developer Steve Stogel said have helped revitalize areas in the state. Read more

Why aren’t American teenagers working anymore?

This summer American teenagers should find it a little easier to get a job—if they want one. The U.S. unemployment rate fell to 4.3 percent in May, the lowest in 16 years, so teens started looking for summer jobs in the best labor market since the tech boom of the early 2000s. But the unemployment rate measures joblessness only among people who are actively looking for work. And many American teens aren’t. Read more

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