Kansas City-area business briefs: Assurant brings in VP
- 07/22/2008 10:06 PM CDT
Former Kansas City insurance executive Tim Knott is returning to Assurant Employee Benefits as vice president-insurance operations.
Former Kansas City insurance executive Tim Knott is returning to Assurant Employee Benefits as vice president-insurance operations.
Sara Lee Corp. has agreed to clarify labels showing the amount of whole grain contained in its Soft & Smooth bread. The company and food-labeling advocacy group Center for Science in the Public Interest reached an agreement on the labels Monday.
About half of employers with traditional defined-benefit pension plans have frozen one or more of those plans, putting the retirement incomes of millions at risk, according to a government report made public Tuesday. The Government Accountability Office said more than 3 million people covered by its study, which represented about a fifth of all participants in single-employer defined-benefit plans, were affected by freezes.
Ford is expected to announce its latest retooling plans along with its quarterly earnings on Thursday. Its new emphasis on smaller cars is expected to bring more European models to the U.S. market, and the company is expected to retool at least one truck plant to make small cars. Ford has already announced plans to drop an F-150 shift at its Claycomo plant and add a line there making Ford Escape/Mercury Mariner compact SUVs.
KANSAS CITY, Mo. (AP) – Wheat: 452,059 bushels: 9 1/2 cents lower to 8 cents higher; No. 2 hard, 7.74 1/2 -7.95 1/5nominally; No. 3, 7.63 1/2 -7.94 1/2 nominally; No. 2 red wheat, 6.29 1/2 -7.40 1/2 nominally; No. 3 6.18 1/2 -7.39 1/2 nominally.
Daily Trends: Soybeans .03 lower to .09 higher, Wheat .01 to .06 higher, Corn .12 to .20 lower, Sorghum .28 lower.
Like the monster in a bad summer movie, inflation has risen from a long slumber. But many owners of local small businesses — such as florist Gary Barnett, co-owner of The Flower Man —are hoping for a happy ending but preparing for the worst.
Kansas City area home builders posted a month-to-month increase in construction activity in June with 249 single-family permits, up 15 percent from May.
Brooke Corp. said Monday that it had been warned by Nasdaq that its stock might be delisted if the company did not raise its share prices to at least $1 by Jan. 12.
The University of Kansas is one of the “2008 Great Colleges to Work For,” according to an inaugural survey by the Chronicle of Higher Education.
The Mutual Fund Store, an Overland Park-based investment management chain, said Monday that its gross asset inflows topped $381 million during the second quarter, compared with $427 million in its seasonally higher first quarter.
Liberty Bank & Trust, which recently took over the failed Douglass National Bank, is introducing itself to the community with activities July 25 in the 18th and Vine District.