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St. Louis public company CEO continues buying spree, now owns a third of his company

2 years 4 months ago
The CEO of Clayton-based online learning firm Nerdy (NYSE: NRDY) has continued his buying spree of the company’s shares, acquiring more than $17 million in stock, boosting his ownership stake in the firm. He says the purchase reflect his bullishness about Nerdy’s prospects for growth and a rising share price, which has sagged since the company entered the public markets.
Nathan Rubbelke

Jeffrey Boyd's replacement on Board of Aldermen is chosen

2 years 4 months ago
Norma Walker on Tuesday won a non-partisan special election to fill the position of Ward 22 alderman, left vacant by former alderman Jeffrey Boyd after he and two other aldermen resigned in June amid a federal indictment. Polls opened at 6 a.m. for voters in the 22nd ward and closed at 7 p.m. Walker got 58% of the vote, defeating Tonya Finley-McCaw. Walker will serve the remainder of Boyd's term. According to the city's unofficial results, 435 votes were cast, a turnout of about 9%. Boyd and former…
Kelsi Anderson, Sam Clancy, KSDK

Biden announces up to $10,000 in student debt cancellation, $20,000 for some

2 years 4 months ago
President Biden on Wednesday announced up to $10,000 in student debt cancellation. The Associated Press reported that borrowers who earn less than $125,000 would be eligible for the loan forgiveness. Politico reported that the Biden administration would also forgive up to $20,000 of debt for low- and middle-income borrowers who previously received a Pell grant. Biden also will extend a pause on federal student loan payments through January, the AP said. The AP reported that legal challenges are…
Jacob Kirn

Independent John Wood drops out of Missouri's U.S. Senate race

2 years 4 months ago
independent John Wood said Tuesday that he's withdrawing his bid to fill the U.S. Senate seat being vacated by retiring Republican Roy Blunt. Wood, a former U.S. attorney who had positioned himself as an alternative to extremism in both major parties. A lifelong Republican, he filed as an independent with the backing of a political action committee led by former Republican Sen. John Danforth. In a statement Tuesday, Wood said that he will no longer face Republican nominee Eric Schmitt, currently…
Diana Barr

Former Alderman John Collins-Muhammad pleads guilty to bribery charges

2 years 4 months ago
Former St. Louis Alderman John Collins-Muhammad became the first official to plead guilty in connection with a years-long federal bribery investigation. Collins-Muhammad changed his plea to guilty in federal court Tuesday afternoon in front of U.S. District Judge Stephen Clark to two bribery-related charges and one charge of honest services bribery/wire fraud. The judge set his sentencing hearing for Dec. 6 at 1:30 p.m. The honest services bribery/wire fraud charge carries a maximum penalty of 20…
Mark Maxwell and Sam Clancy, KSDK

WeWork closes downtown St. Louis coworking location

2 years 4 months ago
In closing its location at One Metropolitan Square, the global coworking giant exits the St. Louis market entirely and becomes the latest in a recent string of companies to vacate their Downtown office space. Here's what the decision means for its operations in the St. Louis market.
Nathan Rubbelke

Mizzou's Luther Burden III nets exclusive potato chip NIL deal with Schnucks

2 years 4 months ago
"Touchdown Luther" is already scoring big before he even touches the field at University of Missouri-Columbia. Luther Burden III, a five-star freshman wide receiver at Mizzou, has a number of impressive name, image and likeness deals already, but his latest is sure to make the biggest splash. Old Vienna released special edition Luther Burden Honey BBQ Red Hot Riplets that will be available exclusively in Schnucks stores. Burden was the official "taste master" for the chips before they hit stores. Burden's…
Corey Miller, KSDK

MoDOT displays new plan for St. Charles County I-70, I-64 interchange

2 years 4 months ago
The St. Charles County Interstate 70, Interstate 64 interchange is at the top of the Missouri Department of Transportation's unfunded needs list. "It has become horrendous in the afternoon," said Edward Spellerberg, who lives in the area. "It's been a mess, and it's getting more and more every year," said longtime driver Tom Kalemme. MoDOT said I-70 serves up to 90,000 drivers a day. Engineers predict even more traffic as St. Charles County continues to grow. "We see significant backups on a…
Pepper Baker, KSDK

Change-of-plea hearing scheduled for former board President Lewis Reed in bribery case

2 years 4 months ago
Former St. Louis Board of Aldermen President Lewis Reed will be in court Friday to change his plea in connection with the federal bribery charges he is facing. Reed had previously pleaded not guilty to the two bribery-related charges filed by federal prosecutors. A pretrial hearing was scheduled in federal court for Tuesday, but on Monday, the court canceled that hearing and replaced it with a change-of-plea hearing to be held Friday. The 66-page indictment released in June accused Reed; Jeffrey…
Sam Clancy, KSDK