In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.
It was a safe bet that Cerner Corp. would once again lead the The Star’s rankings as the region’s top-performing public company. Cerner, the nation’s second-largest company that helps hospitals and doctors’ offices convert paper files into computerized medical records, is in a sweet spot. Other top-ranked companies here do business in areas that have an edge: energy, rail transit and online government services.
The already-hefty pay packages of many public-company executives bulged last year, thanks to higher values of their company stocks. Million-dollar base salaries – as paid to Cerner Corp. CEO Neal Patterson (pictured) and Waddell & Reed Financial CEO Hank Herrmann – are only the beginning. For most of the bigger-company CEOs, stock awards, options and “non-equity incentive” compensation dwarf their base pay.
The Pie Five Pizza Co. — which sells individual pizzas made to order and cooked in five minutes — has picked a place for its first area location. Pie Five plans to open later this summer at 13366 Metcalf Ave., Overland Park.
Ivan Marquez has built a strong following with two Overland Park restaurants, one full-service, the other fast-casual. Now he’s expanding with a third restaurant. But this one is on the other side of the metro area, in Gladstone.
Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next. The sharp reaction in markets showed just how much investors have come to depend on the Fed's easy money policies.
The Centers for Medicare and Medicaid Services is still developing and testing computer systems meant to determine consumers’ eligibility for government subsidies, the Government Accountability Office said. Plans to train “navigators” to assist people in finding new insurance plans have been delayed about two months past a June deadline, the GAO found. The exchanges are set to open Oct. 1.
Sprint shares fell 4.4 percent, a drop of 32 cents to $7, and one analyst downgraded the stock. Dish failed to meet an 11 p.m. deadline Tuesday to submit its “best and final offer” for Sprint. It blamed the target for putting up barriers to a fresh offer.
The online video giant Netflix says it will expand into the Netherlands, its 41st country, later this year. Subscribers will be able to stream Hollywood fare, local TV series and Netflix originals like "House of Cards" and "Arrested Development" on TVs, game consoles, computers and mobile devices.
U.S. HealthWorks, which operates occupational healthcare and urgent care centers, on Tuesday announced the purchase of seven clinics and two worksite locations in the Kansas City area. The locations were acquired from OHS-Compare clinics.
AT&T will hold two hiring events on Wednesday to fill more than 40 open retail sales positions in the Kansas City area. The events will be from 2 p.m. to 6 p.m. at 6615 W. 135th St., Overland Park, and 19210 E. 39th St., Suite A, Independence.
The Kansas City architectural firm Populous will work on a 20,000-seat project that is being co-developed by AEG, the Los Angeles-based operator of the Sprint Center, and MGM Resorts International.
With the heart of Kansas City reviving its pulse the past decade or so — at least as a place to live and play — why have businesses pretty much been no-shows? Census numbers indicate that greater downtown lost more than 16,000 jobs from 2001 to 2011, a 19.6 percent drop.
The Bureau of Economic Analysis will begin recognize spending on research and development. And, take another deep breath, it will begin counting investment in the creation of entertainment, literary and other artistic originals.
The bulls have been feeding on a host of good economic news and are licking their chops for more. Still, given the last five lousy years, many of us are watching the battered bears up in those trees, wondering whether they’re going to climb down soon and eat the market rally for lunch.
In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.
Ben Bernanke declined Wednesday to address speculation that he will step down as chairman of the Federal Reserve in January when his term ends, saying he wanted to keep the attention on Fed policy.
