Business

Aircraft
5:37 pm
Thu August 29, 2013

Spirit Announces More Job Cuts

Aircraft parts maker Spirit Aerosystems plans to cut more jobs at its plant in Wichita, starting in September.

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Cargill Beef
5:48 pm
Tue August 27, 2013

Cargill To Invest Millions In Dodge City Plant

Cargill Beef says it will spend $48 million to install an automated order distribution system at its Dodge City meatpacking plant.

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Business
7:36 am
Wed August 21, 2013

Beechcrafts Light Attack Aircraft Takes Flight

Beechcraft's AT-6 light attack aircraft.
Credit Courtesy photo / Beechcraft Corporation

Beechcraft is celebrating the inaugural flight of its first production AT-6 light attack aircraft.

The Wichita-based aircraft maker commemorated the event Tuesday at its headquarters as it tries to market the new military plane among U.S. partner nations.

CEO Bill Boisture says the company has seen a growing interest in the plane from the defense establishment around the world.

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Business
11:27 am
Tue August 6, 2013

Spirit Aerosystems To Shed Oklahoma Operations, Postpones Earnings Report

Credit Spirit Aerosystems

Spirit AeroSystems Holdings shares sank Tuesday after the aircraft parts maker said it would postpone filing its second-quarter earnings report and plans to shed its operations in Oklahoma.

The Wichita-based airplane manufacturer has gone through a number of major changes recently, including adding CEO Larry Lawson in March. Lawson warned investors in May that the company would do a "comprehensive evaluation" of the development programs in Tulsa, Okla., Wichita, Kan., Kinston, N.C., and St. Nazaire, France.

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Business
7:18 am
Fri August 2, 2013

Beechcraft Secures Largest General Aviation Propeller Aircraft

Wichita-based Beechcraft Corporation says it has received a $1.4 billion plane order; the company believes this to be the largest propeller aircraft order, by value, in general aviation history.

Beechcraft says Wheels Up ordered 105 King Air 350i aircraft, valued at $788 million dollars.

Beechcraft will also be the maintenance provider for this new private aviation company in North America and Western Europe.

Beechcraft says nine planes will be delivered this year, and a total of 35 will be delivered between now and 2015.

Business
12:29 pm
Wed July 31, 2013

Cero's Candies Finds New Home On Less Sunny Side Of Street

Pam and Darcy Bishop cut the ribbon in front of their new Cero's Candies store on Wednesday with Ed Cero and Mayor Carl Brewer in attendance.
Hugo Phan KMUW

Cero's Candies has moved to a new location at 3429 E. Douglas.

Wednesday's ribbon-cutting ceremony began with a proclamation read by Mayor Carl Brewer that explained the history of Cero's Candies and its ties to Wichita. He then declared August 2013 Cero's Candies Month and encouraged the dozens of people in attendance to support local businesses like Cero's.

After a few words, everybody rushed inside to get a new look at the place.

"I didn't expect this many people to show up," said Pam Bishop, co-owner.

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Clinton Lake Resort
5:43 pm
Mon July 29, 2013

Resort Possibility Sees Tepid Interest From Developers

The possibility of building a resort at Clinton Lake State Park apparently drew little interest from developers.

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Business
1:43 pm
Thu July 25, 2013

Alco Agrees To Merger With Atlanta Investment Firm

Discount retailer Alco Stores Inc. has entered into an agreement to merge with private investment firm Argonne Capital Group LLC. 

The Kansas-based company said in a news release today that Atlanta-based Argonne will buy all outstanding shares of Alco Stores' common stock for $14 per share in cash. The transaction will total about $47 million dollars.

Alco's Board of Directors has unanimously approved the merger agreement and is recommending that shareholders approve it.

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Business
1:21 pm
Thu July 25, 2013

Spirit Aerosystems Confirms 360 Layoffs In Kansas, Oklahoma

Credit Spirit Aerosystems

Spirit Aerosystems has confirmed that it is laying off 360 salaried support and management employees in both its Kansas and Oklahoma locations.

The company said in a news release Thursday that this is a "strategic move to make the company more competitive in a cost-sensitive environment." It says the reductions are designed to "reduce overhead costs, increase efficiency, and drive improved performance."

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