The $21.5 million profit equaled 16 cents a share, compared with $19.2 million, or 14 cents a share, a year ago. Higher interest income on loans and securities, after paying interest on deposits and other funding sources, added to the increase in profits.
The Kansas City-based real estate investment trust said net income amounted to $48.2 million for the three months that ended March 31, up from $36.9 million in the same qurater in 2015. Revenue climbed 19 percent in the quarter to $118.8 million.
Standard & Poor’s Rating Services, Moody’s Investors Service and Fitch Ratings cited the state’s strong fiscal management. The announcement said Missouri is among a handful of states with AAA credit ratings from all three independent agencies.
Comcast is buying DreamWorks Animation, the film company behind the "Shrek," "Madagascar" and "Kung Fu Panda" franchises, for approximately $3.55 billion, strengthening its presence in the important and growing business of children's entertainment.
The store, near the intersection of U.S. 50 and Interstate 470 in Lee’s Summit, will be the outdoor gear retailer’s second location in the Kansas City area. Plans call for it to open in late 2017 or early 2018.
Ward Parkway Center will break ground Thursday for its new “south end restaurant district,” on the site of the former Dillard’s and parking garage. It is in final negotiations with four of five planned restaurants: Charleston’s, The Garage, MidiCi, and Ted’s Escondido Cafe. Each restaurant will have a patio and the project also will include a pedestrian plaza with firepits and fountains.
Like the indestructible Twinkie, Chicken McNuggets are practically a culinary punchline, a symbol of hyper-processed fast food with a list of ingredients that reads like a chemistry exam. But now McDonald's wants to take at least some of the mystery substances out.
Royal Bank of Scotland says its net loss widened in the first quarter as the taxpayer-owned bank made its final 1.2 billion-pound ($1.7 billion) payment to the U.K. Treasury as part of a deal to give the government first crack at any profits.