Missouri

St. Louis-based Stern Brothers & Co. is bulking up its staff with additional bankers and sales professionals.

The Metropolitan St. Louis Sewer District will price $150 million of revenue bonds Thursday in its second draw on a $945 million borrowing authorized by voters last year.

Friendship Village of Sunset Hills, Missouri will sell $58 million of bonds this week to fund a major expansion of its retirement village outside of St. Louis.

The Missouri Association for Social Welfare last week filed a lawsuit contesting the summary language of a proposed ballot measure seeking approval for a one cent sale tax increase to fund transportation-related projects.

The Missouri Secretary of State Securities Division filed a civil enforcement action against Morgan Keegan accusing the firm of securities fraud in its role as underwriter of $39 million of defaulted bonds issued by Moberly, Mo.

Missouri local governments' penchant for negotiated sales over competitive bidding resulted in an estimated $43 million in higher costs over a four-year period, state auditor Tom Schweich concluded.

Jackson County, Missouri voters overwhelmingly rejected a sales tax hike aimed at raising $800 million over the next two decades to fund the establishment of a new research institute.

A majority of St. Louis convention center hotel bondholders who took ownership after a bond default agreed to a deal to sell the larger of the complex's two hotels.

St. Louis-based broker-dealer L.J. Hart & Co. was censured and paid a $200,000 fine to settle FINRA charges that it improperly gave more than $183,000 in sports tickets to issuer clients

After his veto of a tax relief package was sustained, Missouri Gov. Jay Nixon released $215 million of $400 million in budgeted funds he had previously withheld.

Missouri Republicans failed to override Democratic Gov. Jay Nixon's veto of a tax cut package.

Warning that the state's top ratings and spending on public services are endangered, Missouri Gov. Jay Nixon campaigned against a possible override of his veto of a tax cut bill.

Rising interest rates and lagging economic growth sidelined borrowers in the Midwest where issuance dipped by 12% to $34 billion during the first half of 2013 compared to the same time last year.

The privately owned Branson Airport LLC in Missouri --which is in default on its $113 million of municipal debt -- has filed a lawsuit against a group of airport contractors accusing them of faulty work.

The Regional Convention and Sports Complex Authority will take competitive bids Tuesday on a refunding of St. Louis County and Missouri's share of outstanding bonds issued for the St. Louis Rams' Edward Jones Dome.

Kansas City, Mo., plans a roughly $200 million refunding that will allow the city to streamline the Kansas City International Airport's debt under a new master bond ordinance.

Missouri Gov. Jay Nixon moved to restrict $400 million of spending in the state's fiscal 2014 budget over concerns that lawmakers will override his veto of a tax cut.

Standard & Poor's issued a AA-plus rating to St. Louis Metro transit system's new, combined sales tax lien ahead of a planned $375 million refunding.

St. Louis Metro transit enters the market next week with a $375 million issue under a long-planned restructuring and refunding that will introduce a new debt lien supported by revenues from a 2010 voter-approved sales tax.

The Court of Appeals in Kansas City will hear oral arguments next month as several Kansas City, Mo., business owners try to keep alive their lawsuit challenging the legality of the funding mechanism for the city's downtown streetcar line.