UAW Trust selling its GM warrants to pump up health plan
The United Auto Workers Trust said it will sell its GM stock warrants to raise money for health care benefits. The trust plans to sell all of its 45.5 million warrants for General Motors Co. common...
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First chief medical officer brings expertise to Lockton
Lockton Insurance Cos. announced Tuesday that it hired Dr. Eric Justin as its first chief medical officer for Lockton Benefits Group. Justin will be responsible for working with associates and...
View ArticleLocal mortgage closing costs rank among nation's lowest
Average mortgage closing costs in the United States rose 6 percent in the past year, but Missouri and Kansas still have some of the lowest rates in the nation, according to a survey by Bankrate Inc....
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BATS shuts down one exchange for an hour
BATS Global Markets shut down trading for about an hour on Tuesday afternoon. The Lenexa-based electronic stock exchange shut down its BZX exchange from 12:10 p.m. to 1 p.m. on Tuesday because of a...
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CrossFirst Bank may be on the prowl again
CrossFirst Holdings LLC raised $16.6 million through another private placement of common equity, according to a filing with the Securities and Exchange Commission. This is the sixth private placement...
View ArticleBanks' regulatory pain is credit unions' gain
Credit unions have been reaping nice growth in checking account customers ever since banks had to find new ways to make money as they adjusted to several new banking regulations that went into effect...
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UMB teams up with Sporting Kansas City
UMB Bank signed a seven-year deal with Sporting Kansas City to become the title sponsor of the Field Club at Sporting Park. This is Sporting Kansas City's third major sponsorship at the stadium. Ivy...
View ArticleCramer Products sells to Biofreeze producer
Cramer Products Inc. sold to Performance Health Inc. for an undisclosed amount. The deal was closed quietly on Tuesday and Cramer employees were informed at lunch the next day. Cramer is a 95-year-old...
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KC-area banks rank on national bank performance scorecard
Banks in the Kansas City area were well-represented in the 2013 Bank Performance Scorecard recently released by Bank Director magazine. The magazine rated banks on a combination of five profitability,...
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Entrepreneur: Contractor takes the leap with nowhere to go but up
Every entrepreneur faces a crucial moment of truth — they either go for it, or they don’t. For Keith Lamming and Bryan Singleton, their moment of truth happened in the middle of the recession. With the...
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James Dornbrook: The lull before the flurry of M&A activity
The Kansas City area is in the midst of the lowest reportable rate of mergers and acquisitions since 2009, but investment bankers don’t expect that trend to last very long. Country Club Capital...
View ArticleRatterman sees plenty of opportunities for BATS
BATS Global Markets Inc. hasn’t let its aborted initial public offering last year slow it down. It spent the past year fixated on growth opportunities. Joe Ratterman, CEO of Lenexa-based BATS Global...
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Unilever jobs safe for now after $580 million sale of Wish-Bone
Unilever North America announced Monday that it will sell the Wish-Bone salad dressings brand to Pinnacle Foods for $580 million, affecting nearly 200 jobs at its plant in Independence. The...
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Independence ranks as Top 100 minor league city
The Missouri Mavericks and Missouri Comets made Independence, Mo., the 86th best minor league market in America, according to a study by Street & Smith's SportsBusiness Journal. The study took a...
View ArticleFord adds recycled materials to F-150
Ford Motor Co. announced it will begin using a wide variety of recycled materials in the 2014 Ford F-150 pickup truck, which is produced at its Kansas City Assembly Plant in Claycomo, Mo. The new truck...
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Mortgage lenders bracing for major change
Banks and credit unions are watching intently as the federal government discusses winding down Fannie Mae and Freddie Mac, since it could become a huge game changer in the way Americans buy homes. The...
View ArticleWish-Bone history tied to Kansas City
Unilever sold Wish-Bone salad dressing on August 12 for $580 million, a brand that started as a family recipe provided by the mother of Kansas Citian Phillip Sollomi. After serving in the military...
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Kansas Speedway revs up for road race
Nearly one year since the Kansas Speedway rolled out its resurfaced track and brand new road course, it's getting ready to host the inaugural Grand-Am professional race. Kansas Speedway President Pat...
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CapWest Mortgage launches plan to double in size
CapWest Mortgage is expanding its secondary mortgage market operations to allow other community banks and credit unions to take advantage of the platform they already have in place. CapWest is a...
View ArticleCentral Trust expands its Kansas City footprint
Central Trust & Investment Co. plans to open a new office in Blue Springs, its second in the Kansas City area. Hamilton Trinidad, a senior portfolio manager, will lead the new office at 1330A N....
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