Courtesy of Tony Webster/Wikimedia Commons
Here are today’s top business headlines from across Missouri:
The Kansas City University of Medicine and Biosciences officially opened its second campus Tuesday in Joplin, an expansion that school officials say will help rural areas short on doctors. The osteopathic medicine school’s Farber-McIntire campus is expected to host about 150 students for classes that start next month. Combined with more than 1,000 students on the main campus in Kansas City, it will make KCU one of the nation’s largest medical institutions. Read more
Blue Cross and Blue Shield of Kansas City cited $100 million in cumulative losses in explaining its decision last month to exit the Affordable Care Act exchange after three years. But in discussions with Kansas Insurance Department regulators leading up to it, Blue KC officials said they wanted Congress to make changes to the current law, commonly called “Obamacare,” and wanted assurances that Republican efforts to dismantle the law wouldn’t cause them more financial problems. Read more
Industrial retailer HD Supply Holdings said on Tuesday it would sell its Maryland Heights-based waterworks unit to private equity firm Clayton, Dubilier & Rice for $2.5 billion in cash to reduce debt and streamline its operations. A company spokesperson said that following the sale, the waterworks division is expected to “be a standalone business and operate as its own company and stay headquartered in St. Louis.” Read more
Kansas City’s first attempt to regulate short-term, sharing economy rentals encountered confusion and lots of questions Tuesday at a meeting of the City Plan Commission. The seven commissioners agreed they needed a lot more information about the topic before they presume to pass judgment on a proposed ordinance. Read more
A niche craft beer ratings site, Ratebeer.com, has gotten an arguably dubious investor in Anheuser-Busch InBev. Some are crying foul, arguing that A-B InBev’s stake in the popular ratings site could position the brewer to manipulate what consumers are hearing and saying about beers. Read more
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