Sprint job losses from its transformation into a leaner company continued through April, eliminating 113 jobs at its Overland Park headquarters over the last 90 days. Previously, Sprint had disclosed about 2,500 job cutbacks company-wide as part of the changes.
Amid reports of slower economic growth and falling consumer confidence, companies’ credit managers have given the economy their best rating in nine months. Survey responses showed weaker companies’ prospects improved while stronger ones continued to grow.
Ford Motor Co. said it will take a one-week production break at the Kansas City Assembly Plant to fix some “mechanical issues” in the production system. The plant normally would shut in October for a week but moved up the break to deal with the issues.
The Organization of Petroleum Exporting Countries increased production by 484,000 barrels to 33.217 million a day in April, the most in monthly data compiled by Bloomberg going back to 1989, according to a survey of oil companies, producers and analysts.
A group that backs liquor sales in Kansas grocery and convenience stores is offering lawmakers a plan to raise $40 million at a time when the state is trying to close a $290 million budget shortfall. Uncork Kansas says the stores would be willing to pay as much as $200,000 each for an initial license to sell beer, wine and spirits. For smaller stores, the initial license would be $10,000.
Higher revenues and lowers costs boosted first quarter profits at AMC Entertainment Holdings Inc. to $28.3 million compared with $6.1 million a year ago. The Leawood-based operator of AMC Theatres said still expects to complete its $1.1 billion purchase of rival Carmike Cinemas this year.
Sprint Corp. announced it is picking up $3.1 billion in cash through two transactions, including its second cellphone sale-and-lease deal involving its parent company, SoftBank Group Corp.This is Sprint’s second cash-raising deal with a new company that SoftBank set up last year with a number of Japanese banks.
A coal-export terminal proposed along the Columbia River in southwest Washington state could have unavoidable, significant impacts on greenhouse gases emissions, vessel traffic and rail safety, according to an environmental review released Friday.