Missouri Minute: Emerson acquiring GE’s intelligent platforms division; Kander ends KC mayoral campaign

Here are today’s top headlines from across Missouri:

Emerson Electric acquiring GE’s intelligent platforms division

Emerson Electric will acquire General Electric’s intelligent platforms division, Ferguson-based Emerson announced Tuesday, one day after GE replaced its CEO. Based in Charlottesville, Virginia, the intelligent platforms division has 650 employees and recorded 2017 sales of $210 million. Emerson said the acquisition strengthens its offerings in sectors including metals and mining, food and beverage, and life sciences. Read more

Kander ends KC mayoral campaign, citing PTSD and depression

Jason Kander is withdrawing from the Kansas City mayoral race, saying he needs to address lingering depression and post-traumatic stress disorder. “After 11 years of trying to outrun depression and PTSD symptoms … I have to stop running, turn around, and confront it,” Kander wrote in a blog post Tuesday announcing the decision. Read more

Stifel Financial subsidiary acquires investment advisory

The investment advisory 1919 Investment Council, a subsidiary of St. Louis-based Stifel Financial, has acquired advisory firm Rand & Associates in a move that gives 1919 a physical presence on the West Coast and adds about $1.3 billion in assets under management. Terms of the deal, which Stifel announced Tuesday, were not disclosed. Read more

After strong start to 2018, automakers foresee sales dips

Following a strong first half of 2018, U.S. auto sales are expected to dip over the second half of the year, Reuters reports, and automakers with Missouri manufacturing operations are feeling the effects. Ford on Tuesday reported an 11.2 percent drop in monthly sales. Sales of its best-selling F-Series pickup trucks — including the Kansas City-made F-150 — declined 9 percent. Read more

Appeals court rejects arbitration in lawsuit against Rams, Kroenke

A Missouri appeals court on Tuesday rejected a request by the Rams and owner Stan Kroenke to avoid court in a case stemming from the football team’s decision to leave St. Louis. Judge Philip Hess ruled that the case should not be settled through arbitration, as the team, Kroenke and the National Football League have requested.Read more

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