Shareholders in Sprint Nextel Corp. have approved a $21.6 billion sale of 78 percent of the company to Tokyo-based SoftBank Corp.
The vote in Overland Park, Kan. Tuesday comes at the end of months of negotiations that originally included a $25.5 billion offer to buy all of Sprint from Dish Network. Dish Network has since retreated from that offer, but may still pursue shares of Sprint network provider, Clearwire.
Gov. Sam Brownback is leading a trade delegation to the Paris Air Show this week. The trip to France is aimed at attracting aviation business to Kansas and drumming up sales for the aircraft industry in the state.
"You could travel all over the world for a month to try and get these meetings that you can get in three days at these major air shows, " says Brownback.
"And, it is such a major industry for us as a state that we need to push it and we need to make sure we're on everybody's front and center mind if they're looking to expand."
The Sandwich Generation--it’s made up of people who are generally between the ages of 45 and 65. On one side of the sandwich is that college grad who came back home to live. On the other side are one’s aging parents. The strains are not just in time and energy, but are most acutely financial. Alex Petrovic, of Petrovic Financial Services; Sandi Weaver, of Financial Security Advisors and Corey Rasmussen of the Rasmussen Law Firm discuss the financial and legal issues that surround the care of an aging parent.
The expansion, which Crown Center President Bill Lucas called “the latest step in Crown Center’s evolution” in a statement released Tuesday, includes a new 60,000 square-foot store that will take up the entire third floor of the Crown Center Shops.
The goal: Have at-risk students take an old rundown car, restore it and convert it to run on electric power then drive it from K.C. to D.C. If that's not enough, have it powered solely by social media interaction.
In announcing it would add 2,000 jobs to its Claycomo Assembly Plant, Ford Motor cited increased sales tied to new stability in the home building market. At the truck factory, Ford executives drew parallels that are being seen industry-wide.
A new report projects an increase in the rate of job growth in Kansas this year. There are some economic forces that could temper that growth in the future.
The report from Wichita State University Center for Economic Development and Business Research projects modest job growth in Kansas this year. It’s driven partially by the energy, construction and services sectors.
Housing construction is showing a 30 percent gain in the first quarter in the Kansas City region, compared with the same period of 2012.The reference is to permits for residential building and amounts to 832 single family houses. There were 640 in the first three months of last year.
The numbers bear watching, as the executive officer of the Home Builders Association of Greater Kansas City notes. Sara Corless said, should the trend hold or increase, construction might be back at 2007 levels by end of the year.
Good ad campaigns often have high profile spokespeople, and now so does a campaign to promote Kansas products.
The tag line is From the Land of Kansas, and this weekend Governor Sam Brownback was in Kansas City, Kansas to introduce the big name that will be behind this campaign - Green Bay Packers wide receiver Jordy Nelson .
It’s too early for people in the Kansas City area to worry about further loss of jobs at Sprint, as executives sort through a higher price offer from a second potential buyer. At least one analyst says the chief question is, whether Dish Network will make one or more attempts to outbid Toyko-based SoftBank Corporation.
As Overland Park-based Sprint is working to consummate selling 70 percent of its assets to SoftBank, Dish has boosted the ante by some $5.5 billion. The Dish offer is $25.5 billion. The Softbank offer is $20 billion.
Originally published on Mon April 15, 2013 11:36 am
Satellite TV distributor Dish Network has offered to buy telecom giant Sprint Nextel Corp. in a $25.5 billion deal, a move that could derail a similar offer by the Japanese phone company SoftBank.
Dish says that it has offered $17.3 billion in cash and $8.2 billion in stock for Sprint. After the news was announced on Monday, Sprint's stock jumped 15 percent in pre-market trading, according to The Associated Press.
Google announced yesterday that it’s building a new high-speed fiber-optic network -- this time in Austin, Texas. It’s been two years since the company announced it would build its first fiber-optic network here in Kansas City, and many residents hoped it would be everywhere by now.
Planning for the network has Kansas Citians rethinking the future of many aspects of life and business here.
Matthew Marcus works at his desk in the basement of Kansas City Startup Village in Kansas City, Kan., in January. The village houses several startup companies and takes advantage of the high-speed Internet. Google announced on Tuesday it would be installing its Google Fiber network in Austin, Texas, next.
Google announced Tuesday that its Google Fiber project would be hitting Austin, Texas, next. The company says Austin, famous for its South by Southwest festival, is a "mecca for creativity and entrepreneurialism, with thriving artistic and tech communities."
Google Fiber is the tech giant's blazing fast Internet service, with current rates at 1 Gpbs, about 100 times faster than your typical cable broadband Internet service. It debuted in Kansas City in 2012.
It’s been less than 20 years since cell phones became ubiquitous and children of the 90s have never known a world without them. Now, as those children come to age, we’re witnessing the startling confluence of technology and sexual awakening. The results have been children becoming not just the victims, but also the perpetuators of sexual exploitation--some even becoming convicted sex offenders. We take a look at the complicated world of children sexting with Haleigh Harrold, Education and outreach specialists for the Metropolitan Organization to Counter Sexual Assault and officer Tom Hayselden, a School Resource Officer for the Shawnee Mission school district.
This year the landscape will change dramatically along the banks of the Missouri River just Northeast of Kansas City’s downtown. A hundred thousand square feet of greenhouses are planned for growing produce for a local supermarket chain.
Yet by removing one oxygen atom, average people in Missouri regularly are turning common decongestants like Sudafed and Claritin-D into the illicit drug methamphetamine. Nationwide those explosive mom and pop meth labs cost taxpayers more than $23 billion a year in health care costs, child endangerment and clean-up.
But a St. Louis pharmaceutical company may have the answer.
So are you planning to die? Are you ready for when you end up in the great beyond? More to the point, what about your assets that don’t make the trip with you? Today on Central Standard, we’re talking about the not exactly uplifting, but nevertheless important topic of estate planning. Our Cash Money Crew is here and … you may not believe this ... but it’s not such a downer, really! Financial planners will tell you that some good decisions now, now while you’re in the prime of life, can have an impact down the road: You can feel secure, live more comfortably now and through your retirement, and have an impact beyond your earthly years.
A recreated UP # 119 steam locomotive at the Golden Spike Historic Site in Utah
Credit Canadian National Railway
The Canadian National Railway is among a few railroad companies experimenting with natural gas as a locomotive fuel, which involves adding a liquefied natural gas tank behind the locomotive. The switch from diesel could save money.
As several investigations continue into the explosion of JJ’s Restaurant, the role Missouri Gas Energy played in its response to the emergency is being questioned by experts and a witness who say the utility didn’t follow industry standards or its own advice.
Although its own safety instructions for gas leaks to its customers call for evacuating the premises immediately, MGE didn’t do that at the Feb. 19 incident. In fact, the MGE workers on the scene didn’t suggest that people leave the popular wine bar until 51 minutes after the initial 911 call.
As Kansas City’s Spanish-speaking population increases, many industries are adapting by hiring more bilingual employees. But how can they tell when someone is truly bilingual? Gabe Munoz, and his partner Raul Duran launched a website late last year to assess the language abilities of bilingual job applicants, and help match them with employers. So far, about 300 job seekers have signed on.