Business

Sprint settles investor lawsuit for $131 million

The class action case, filed six years ago, involved accusations that Overland Park-based Sprint defrauded investors concerning its $36 billion merger with Nextel Communications. Both sides said the cost of continuing the courthouse battle wasn’t worth it.

Business

Interactive report on Kansas City's downtown development boom

Downtown Kansas City’s rejuvenation is now rolling into a new era, with the start of the $100 million streetcar line on Main Street and 70 projects in areas that include Crown Center, the Crossroads Arts District, the Downtown Loop and River Market. We map the changes in an interactive report.

Building activity climbs in KC area

Dodge Data & Analytics reported Thursday that $464.3 million in nonresidential and residential building contracts were issued last month in the 15-county area. That’s up from $111.3 million in Feburary 2014.

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Waddell & Reed Financial tops the rankings

The Overland Park mutual fund manager has outpaced rivals in attracting investors’ dollars by its strong performance and variety of offerings. And the Ivy Funds, which Waddell manages alongside its Waddell & Reed Funds, had a big hand in this year’s showing.

Waddell & Reed Financial tops the rankings

The Overland Park mutual fund manager has outpaced rivals in attracting investors’ dollars by its strong performance and variety of offerings. And the Ivy Funds, which Waddell manages alongside its Waddell & Reed Funds, had a big hand in this year’s showing.

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Business

Business

Tighter credit may mean a weaker economy, economist says

Chris Kuehl, reviewing a survey by the National Association of Credit Management, cited an increase in rejections of credit applications in March, more credit accounts placed with collection teams and other signs of deterioration. “There is just not a lot of confidence in those that are doing the credit offerings these days,” Kuehl said in the group’s report.