Business

Business
10:50 am
Thu March 27, 2014

Candy Giant Mars Opens First North American Plant In 35 Years In Topeka

Mars Incorporated is throwing a grand opening on Thursday for its new $270 million dollar plant near Topeka that will produce millions of chocolate bars and other sweets every day.

Company officials say the plant exists mostly to meet U.S. demand for itsĀ  M&M's- and Snickers-brand candy. It's the first new Mars plant in North America in 35 years.

The plant will have the capacity to produce 14 million bite-sized Snickers bars and 39 million M&M's each day.

The plant is bringing about 200 jobs to the Topeka area.

Business
10:45 am
Thu March 20, 2014

Kansas Senate Approves Bill To Phase Out Mortgage Registration Fees

Kansas senators have approved a bill that repeals fees for mortgage registration.

The bill would phase out fees lenders pay to county governments over five years, based on the cost of a mortgage for a residential or commercial property.

The measure offsets some of the lost revenue with an increased document filing fee for deeds and mortgages.

Business
10:34 am
Fri February 28, 2014

State Dept. Of Commerce Says Kansas Companies Grew About 6 Percent Last Year

The state Department of Commerce say Kansas companies grew by 6.46 percent last year.

The Department of Commerce's report on Thursday shows that Kansas' total exports were over $12 billion dollars.

Canada, China, Japan and Mexico were the state's top trading partners. The department says exports to China have grown by nearly $1 billion since 2011.

The sales of cereals and other agricultural products bumped the growth.

Cereal exports grew by $686 million, while meat products grew by $298 million dollars.

Business
9:38 am
Tue February 11, 2014

Beechcraft Sees Success A Year After Emerging From Bankruptcy

Wichita manufacturer Beechcraft Corporation is calling its first year since emerging from bankruptcy protection a success.

The company says it saw a 64 percent increase in deliveries, with 205 planes delivered in 2013.

Deliveries of the King Air aircraft rose 52 percent to 135 planes last year.

Piston aircraft deliveries rose 94 percent to 70 planes.

Beechcraft emerged from Chapter 11 bankruptcy protection in 2013.

The sale of Beechcraft to Cessna Aircraft's parent company, Textron, is expected to close this year.

Business
9:25 am
Mon January 27, 2014

New Zealand Signs $127M Contract With Beechcraft For Military Pilot Training

New Zealand has signed a $127 million dollar contract with Wichita's Beechcraft corporation, for military pilot training.

Defense Minister Jonathan Coleman says the contract includes 11 Beechcraft T-6C turboprop planes. Plus, ground simulators and training systems that will be implemented in classrooms and on computers.

Trainee pilots will begin using the new system in 2016.

New Zealand has a defense force of about 14,000.

Business
9:53 am
Wed January 8, 2014

Agency Asks KCC To Dismiss Westar's Request For New Prepay Program

An agency that represents small utility customers is asking the state to reject Westar Energy's plan to allow some customers to prepay their bills.

The Citizen's Utility Ratepayer Board filed a motion Monday asking the Kansas Corporation Commission to dismiss Westar's application for the program.

Westar applied in October to allow about 1,000 customers to prepay their bills. The utility says it would allow customers to make smaller payments rather than pay a large bill at the end of the month. KCC deferred the application until May.

Taxes
3:45 pm
Tue January 7, 2014

Chamber Of Commerce Wants To Preserve State Tax Cuts

The Kansas Chamber of Commerce says that in the 2014 legislative session, it will push to protect recently-enacted tax cuts.

The organization released a survey Tuesday of businesses in the state, showing that 57 percent of businesses say the taxes they pay are too high.

Former Kansas House Speaker Mike O'Neal is the president and CEO of the Kansas Chamber. He says some businesses may not have felt the impact of recent tax cuts yet.

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Business
9:34 am
Tue January 7, 2014

KCC Launches New Electronic Filing System

The Kansas Corporation Commission is now allowing consumers, attorneys and the utilities it regulates to file documents electronically.

The agency made the new e-Filing Express system available through its website on Monday.

Commission executive director Kim Christiansen says the new system will be more convenient for parties in regulatory cases and reduce costs.

The commission receives about 8,500 paper documents a year.

Aircraft
5:41 pm
Fri December 27, 2013

Wichita Leaders Hopeful About Beechcraft Merger

Civic leaders in Wichita are expressing optimism following the sale of one of the community's linchpin aviation companies to a competitor.

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Business
9:13 am
Fri December 27, 2013

Textron Incorporated Reaches Agreement To Buy Beechcraft

The parent company of Cessna Aircraft has reached an agreement to buy Beechcraft Corporation for approximately $1.4 billion dollars.

Providence, Rhode Island-based Textron Incorporated announced the agreement on Thursday.

The purchase will bring two mainstays of Wichita's general aviation industry under a single corporate leadership.

Textron chairman and CEO Scott Donnelly said in a statement that the Beechcraft acquisition is a "tremendous opportunity" for the diversified corporation to expand its general aviation business.

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