Stocks

Cityscape

Skechers Factory Outlet Store opening in Overland Park

Skechers USA Inc. will open its first area Skechers Factory Outlet Store. The Manhattan Beach, Calif.-based company plans a June 13 opening for the store at 6740 W. 119th St. The store will carry Skechers fashion and lifestyle footwear for the family, as well as work footwear for men and women.

Dollars & Sense

‘Liking’ General Mills means you can’t sue company

The maker of Cheerios and Chex cereals and such brands as Bisquick and Betty Crocker has quietly added language to its website to alert consumers that they give up their right to sue the company if they download coupons, “join” it in online communities such as Facebook, enter a company-sponsored sweepstakes or contest, or interact with it in a variety of other ways. It even suggests that buying its products would bind consumers to those terms.

Technology

Chinese tech giant Alibaba is set to make a splash here with IPO

Alibaba Group — a Chinese e-commerce behemoth — has decided to go public in the U.S. after months of speculation that it would list in Hong Kong. The company could raise up to $15 billion at an estimated valuation of up to $200 billion. The prospect of a blockbuster IPO for Alibaba is already igniting the kind of frenzied investor interest that swirled around Facebook in 2012 and Twitter in 2013.

Workplace

Budget office: Wage boost would cost firms $15B

A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday.

Development

Talking Business

Wealth inequality and the collapse of civilizations

Rising inequality could lead to an unsustainable use of resources and the collapse of global industrial civilization. The stark warning is based on a sound observation: Over the course of history, the collapse of advanced, complex societies is quite common. Although civilizations can last centuries, in reality they’re “fragile and impermanent.”

National, International Business news

Venture investments highest since 2001

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

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.