An activist investor proposed that Honeywell International divest two divisions, including one that operates the Kansas City National Security Campus, which employs about 7,000 people. Elliott Investment has a track record of success at forcing change at companies, including at another local player.
Wichita-based Emprise Bank is in the process of building a new Kansas City-area headquarters in the Crossroads Arts District, giving it more visibility, room to grow and community presence.
UMB’s and CrossFirst’s combinations rank among the industry’s top five M&A deals. That rare status reflects the changes afoot as institutions look to unlock greater scale and efficiency by joining forces. And it means you should expect more area banks to explore mergers or acquisitions.
General Motors will permanently cease production of the Cadillac XT4 at Fairfax Assembly Plant. Together with the end of Chevrolet Malibu production at Fairfax and a planned shutdown to retool for manufacturing of the Bolt EV, it will mean a lot of layoffs.