Want to (legally) work around 401(k) savings limits?
A cash benefit plan could be a good option for the owner of a profitable business to save for retirement in a smaller time window than normal. Kim Cangelose, vice president of the Retirement Plans...
View ArticleCrestwood Midstream Partners expects growth spurt in 2014
Crestwood Midstream Partners LP, the entity that merged with Kansas City-based Inergy LP on Oct. 7, announced that it expects to see its adjusted earnings before income tax, depreciation and...
View ArticleMetcalf Bank adds experience to residential lending team
Metcalf Bank added two vice presidents and a mortgage officer to its residential lending team. The Lee’s Summit-based bank is the fifth-largest Kansas City-based commercial bank, ranked by asset size....
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Newsmaker: BofA’s Ovel: ‘Honesty and confidence will take you a long way’
Bank of America made an interesting choice in August, naming Jack Ovel as its new market president in Kansas City. He succeeded Spence Heddens, who was market president for seven years. A 40-year...
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Off The Beat: Union Station lays some serious (small) track
Union Station Kansas City is home to one of the largest model train displays to be found this holiday season. The display includes 800 feet of track and 22 model trains in seven different gauges, all...
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James Dornbrook: Bicknell plans to turn on Mariner 'acquisition spigot'
Mariner Holdings LLC came out of self-imposed merger-and-acquisition hibernation to acquire a firm that gives it a presence in New York City. The Leawood-based holding company for Mariner Wealth...
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MGP Ingredients ends feud, fires CEO
MGP Ingredients Inc. reached a settlement this week with its founding family's investment group that is sure to point the company in a new direction under new management. The settlement ended all...
View ArticleAre you maximizing your business tax benefits?
The end of the year is quickly approaching, and a few expiring tax rules might encourage business owners to accelerate the purchase of equipment, furniture, computers or other non-real estate assets....
View ArticleDon't expect interest rates to stay low forever
An interest rate forecast by MoneyRates.com showed an expectation for mortgage rates and interest rates paid on deposits to rise over the next few months. The report was put together by Richard...
View ArticleKansas Speedway will match $100,000 charity award
Kansas Speedway just made a charity award earned by Kansas City-native Don Post twice as effective. Post received the Betty Jane France Humanitarian Award on Saturday at the NASCAR Sprint Cup Series...
View ArticleWeld Racing names new CEO
Weld Racing LLC has hired Norman Young as its new president and CEO. Young succeeds Scott Mackie, who left Weld Racing in September after three years at the helm and accepted a consulting job and a...
View ArticleGovernment exits General Motors, records $10B loss
Five years after intervening in the automobile sector, the federal government sold the last of its remaining shares of General Motors Co. today. The U.S. Department of the Treasury pumped $49.5 billion...
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GM names new chairman, CEO and president
General Motors Co. Chairman and CEO Dan Akerson will retire on Jan. 15. Akerson was expected to retire later in the year, but accelerated his plans after his wife was diagnosed with an advanced stage...
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Capitol Federal turns its attention to KCMO
Capitol Federal Savings Bank opened a full-service branch location at 4242 Main St. in Kansas City, only its second in the entire city. It's interesting given that the company is one of the area's...
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Lower revenues, higher expenses increase H&R Block losses
H&R Block Inc. reported a net loss of $103 million in its fiscal year 2014 second quarter ended Oct. 31, a two percent higher loss than last year. The Kansas City-based tax preparer typically posts...
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Kansas City scores several NCAA championship events
The Kansas City area will host several NCAA tournaments in soccer, volleyball and football during the next four years. Kansas City was one of 150 cities selected as finalists for NCAA championship...
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American Century names co-chief investment officers
American Century Investments announced that Victor Zhang and David MacEwen will be co-chief investment officers. The position has been vacant since Enrique Chang resigned in April to take the CIO job...
View ArticleR-O-M parent remains an active M&A participant
The Sterling Group completed the acquisition of FoamPro for an undisclosed amount and added it to the portfolio of a holding company that runs Belton-based R-O-M Corp. R-O-M was acquired by...
View ArticleArvest commissions study of local consumer sentiment
Arvest Bank wants to drill down and find out how its customers feel about their local economy, so it commissioned a study. The overall study — to be conducted in partnership with several universities —...
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James Dornbrook: Fairfax bids adieu to Uncle Sam, greets new CEO
It was an interesting week for General Motors Co. First, the U.S. Treasury sold the last of its shares in the automobile manufacturer. Then it announced that Chairman and CEO Dan Akerson would retire....
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