Business

Bats buys Hotspot FX currency-trading platform for $365 million

Bats Global Markets Inc. is buying a currency-trading venue, making its first foray into the $5.3 trillion market and diversifying its sources of income. The Lenexa, Kansas-based market operator has agreed to acquire Hotspot FX from KCG Holdings Inc. for $365 million in cash, according to statements from both companies

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.

Business

Year-end numbers show jobs rose and joblessness fell in Missouri and Kansas

Missouri recorded a year-end unemployment rate of 5.4 percent in December 2014, down from 6 percent a year earlier. Meanwhile, unemployment in Kansas was 4.2 percent, down from 4.9 percent in December 2013. The two states were among 46 states and the District of Columbia that had lower joblessness rates at the end of 2014 than at the end of 2013.

Missouri and Kansas focus on shrinking unemployment benefits

Kansas and Missouri are among nine states that grant fewer than the national standard of 26 weeks of unemployment benefits. Missouri lawmakers expect to further reduce Missouri’s benefits weeks according to a sliding scale similar to one already used in Kansas.

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Enter to win 2 tickets to the Kansas City Golf Show February 6th - 8th at the Overland Park Convention Center

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Today's Circulars

Keith Chrostowski: U.S. economy is finally on its way to health

Last year’s numbers show solid improvements in many key areas, although stubborn problems such as wage stagnation and tight credit still need to be handled. Bankers just aren’t approving enough loans, even to mortgage applicants with good credit records or entrepreneurs with good ideas and decent collateral.

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.

Keith Chrostowski: U.S. economy is finally on its way to health

Last year’s numbers show solid improvements in many key areas, although stubborn problems such as wage stagnation and tight credit still need to be handled. Bankers just aren’t approving enough loans, even to mortgage applicants with good credit records or entrepreneurs with good ideas and decent collateral.

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

Government & Politics

Kansas City hopes to replace deteriorating Chouteau Courts housing project

Kansas City Housing Authority leaders are putting the finishing touches on a plan to replace the city’s most deteriorated and obsolete public housing project: Chouteau Courts, northwest of Independence Avenue and the Paseo. The plan calls for relocating about 500 residents of the apartment buildings to smaller mixed-income sites over the next five years. It also aims to improve the area’s educational, health, business development and social services.