Stocks

Cityscape

Skechers opening first Kansas City-area outlet store in Overland Park

The metro’s first Skechers Factory Outlet Store is scheduled to open June 13 in Overland Park. In other news, Freddy’s Frozen Custard & Steakburgers plans to open another restaurant in Olathe, and Kiss co-founders Gene Simmons and Paul Stanley have set an April 29 opening for Rock & Brews in Overland Park and a May 29 fundraiser.

Dollars & Sense

Spirit Airlines will launch KCI service in August

The Florida-based low-cost carrier will offer daily nonstop service to Chicago O’Hare International Airport, Dallas, Detroit and Las Vegas starting Aug 7. It will add Houston on Aug. 8. Kansas City will be the 56th city added to Spirit’s route network.

Technology

FCC to propose pay-for-priority Internet standards

The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called "last mile" connection to people's homes, but enhance scrutiny of such deals so they don't harm competition or limit free speech.

Sprint increases the cost estimate of job cuts

The layoffs, announced in January, have triggered severance and related costs totaling $180 million, or $15 million more than previously reported. The $15 million cost will be included in the company’s first-quarter results, which will be released next week.

Workplace

Protests of Staples postal counters will include two area locations

One rally Thursday will be outside the Staples at 8450 N.W. Prairie View Road in the Zona Rosa shopping center in Kansas City, and the other will be at the Staples at 11880 W. 95th St. in Overland Park. The postal workers union opposes the program because it replaces well-paid union workers with low-wage non-union workers.

Textron Aviation starts laying off 750 employees, 575 in Kansas

The number of job cuts announced at Cessna Aircraft and Beechcraft on Wednesday were in line with or lower than experts’ expectations. About 750 full-time and contract employees at Cessna Aircraft and Beechcraft – including about 575 in Kansas – received 60-day layoff notices on Wednesday, Textron Aviation said.

Development

Talking Business

Liberal arts, military experience offer preparation to adapt, lead

Scott Samuelson’s recent Wall Street Journal piece titled “Would you hire Socrates?” challenges the myth that studying humanities doesn’t pay. This finding reflects my experience with the U.S. Army, but I seek to emphasize something greater than an economic advantage. The more practical advantage gained from a liberal arts education is preparation for leadership.

National, International Business news

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.