Stocks gain on reassurance from a top Fed official
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
Travel + Leisure ranks KC as nation’s most affordable getaway
Sprint, YRC lead gainers, DST falls
AT&T to roll out wireless home security service in Kansas City
ESPN cutting workforce, 'smartly managing costs'
Local teams compete at Enactus convention
Sprint raises bid for Clearwire, shareholder vote delayed
Stocks
Star 40
Cerner tops Star 40; others in economic ‘sweet spots’ also doing well
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.
Star 40: Wealth soared in 2012 for KC companies' executives
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.
Cityscape
The Corner Restaurant reopens in Westport with new owners, new menu
More than three years after it closed, Westport mainstay The Corner Restaurant has been resurrected in the same spot but with new owners, a new decor and new menu. Executive chef Natasha Sears said the kitchen uses many local vendors, and makes about 90 percent of the menu from scratch on-site.
Ingredient scheduled to open soon in Oak Park Mall’s food court
Oak Park Mall said it has signed local fast-casual chain Ingredient for its food court. Menu items include salads, grilled sandwiches, soups, wraps and panini, burgers, and gourmet pizzas.
Technology
Sprint raises bid for Clearwire, shareholder vote delayed
The new offer of $3.40 a share topped Sprint’s previous offer of $2.97 a share, which was lower than Clearwire shares had been trading in the stock market. Clearwire put off a shareholder vote set for today so its board could weigh the new bid.
Microsoft touts Xbox One as all-in-1 entertainment
Microsoft thinks it has the one. The company unveiled the Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment. It will go on sale later this year.
Development
Mall, office developer Copaken Brooks gets chamber’s top award
The Greater Kansas City Chamber of Commerce recognized the real estate company as its 2013 Small Business of the Year and winner of the Mr. K Award, named after the late Ewing Kauffman, founder of Marion Laboratories and original owner of the Kansas City Royals.
Chamber names Copaken Brooks as its top business of the year
The real estate company, which was established in 1922 in downtown Kansas City, receives the Mr. K Award,. The award honors the late Ewing Kauffman, founder of Marion Laboratories and original owner of the Kansas City Royals.
Talking Business
Debate over KCI flies fast and hard
Reaction to my last column allowing that the advocates of a new single terminal at Kansas City International Airport might have a decent case was certainly bracing. Most of the more than 100 callers, emailers and kansascity.com commenters batted me roundly about. But many others allied themselves with the single-terminal advocates.
With KCI, breaking up is hard to do
After fully hashing out pros and cons, Kansas Citians may want to stick with the old flame. To carry the day, new-airport advocates will have to heavily restack the deck of arguments in their favor. That’s what’s going to be required to toss over a 40-year love affair.
National, International Business news
Lew: IRS actions "unacceptable and inexcusable"
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.
Best Buy reports 1Q loss on restructuring costs
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
