Feds: State Street will pay more than $35M for charging 'secret markups'

State Street Corp. will pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation of its platform for trading U.S. Treasury securities, the U.S. Securities and Exchange Commission announced on Thursday.

The company reported having 1,375 employees in the Kansas City area, ranking No. 26 on the Kansas City Business Journal’s most recent list of the area’s largest private-sector…

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Source: Homes and Lifestyle

VML CEO: WPP merger is opportunity to 'reimagine' a modern-day agency

As VML’s leadership thought about the future of advertising, they saw an opportunity to make the Kansas City-based global marketing agency even more powerful, CEO Jon Cook said.

And that opportunity was a merger. Digital innovation agency Rockfish Digital, which is based in Rogers, Ark., officially merged Wednesday with VML. The move creates a division called Rockfish and adds about 250 employees to VML’s team, bringing the total headcount to more than 2,800 employees.

Although the agency will…

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Source: Homes and Lifestyle

Top of the List: Women-owned businesses

This week, the Kansas City Business Journal ranks the biggest women-owned businesses in the area, ranked by 2016 revenue.

The accompanying gallery shows the top five on The List. For the full List, subscribers can take a look at the weekly print edition of the Kansas City Business Journal. The List also includes address, phone, website, percentage of business that is women owned (minimum 51 percent), company description and top local executives. (Subscribers also can view the full Top Women-Owned…

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Source: Homes and Lifestyle

How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC]

What’s Your Home Worth?

How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
  • Anything under a 6-month supply is a seller’s market!
  • Nationally, there has not been a 6-months inventory supply since August 2012!
  • Inventory levels differ depending on the area of the country and price range, so let’s get together to discuss the exact market conditions in our area.

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Source: KCM