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.
Instead of going to a shop to buy tires and waiting while they are installed on your car, what if the shop came to you?That’s the concept behind Zohr Mobile Tire service, what may be the area’s only business that offers mobile tire service, repair and installation — and nothing more. Two 20-something brothers from the Northland, Komal and Anoop Choong, started Zohr Mobile Tire Service late last 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.
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.