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.
U.S. stocks are skidding Friday while markets in Europe and Asia take hefty losses. Technology companies continued to tumble after a late plunge a day earlier. Health care companies are falling after some weak first-quarter reports.
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.
Mike Walden, who has worked and lobbied to stop proposed cuts to retired Teamsters’ pensions, spoke in Independence on Thursday. The U.S. Treasury faces a deadline next week to decide whether the proposed cuts are legal under a controversial 2014 law that makes the action possible.
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.
President Barack Obama announced new steps Friday to help curb gun violence, including by identifying the requirements that "smart guns" would have to meet for law enforcement agencies to buy and use them as well as sharing mental health records with the federal background check system.