Stocks barely budge; market ends week with loss
Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.
Demolition to make way for new Ikea store is set for Wednesday
Sprint’s wireless network fares poorly in test
Regional stocks close mostly lower; Commerce, UMB gain ground
Schumer urges look at security in Sprint deal
Cerner says it is capitalizing on health care reform
Economic Development Corp. names two senior executives
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
Demolition to make way for new Ikea store is set for Wednesday
A 60,000-square-foot building in Merriam initially planned for a Circuit City electronics store will be razed and replaced by an Ikea home furnishing store that will be about six times as large.
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.
Development
Economic Development Corp. names two senior executives
The organization, which provides services for business expansion and retention, announced the appointment of Bernardo Ramirez as executive vice president and chief operating officer and T’Risa McCord as senior vice president-chief administrative officer.
Demolition to make way for new Ikea store is set for Wednesday
A 60,000-square-foot building in Merriam initially planned for a Circuit City electronics store will be razed and replaced by an Ikea home furnishing store that will be about six times as large.
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
US durable goods orders rise 3.3 percent in April
U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.
Metals and agricultural futures prices slip
Metals prices ended slightly lower Friday, as did agricultural futures.
