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 DST Systems Inc. is attempting to appeal to a larger audience with a new effort aimed at giving regular consumers access to mutual funds.
DST still is waiting for approval on the mobile investment app, TreeSwing, from the Financial Industry Regulatory Authority.
But later this spring, the Kansas City-based data-processing company (NYSE: DST) plans to go after an audience it doesn’t have a history of tapping — hesitant investors. The app eliminates traditional investment minimums on certain…
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 DST Systems Inc. cut loose 500,000 shares of longtime ally State Street Corp. and other assets worth more than $100 million, helping it to notch bigger profits in the first quarter.
The asset monetization comes as DST’s new CEO, Steve Hooley, is attempting to clean house in response to shareholder pressure to increase profitability and return the company (NYSE: DST) to its core data-processing functions.
The shedding also partly contributed to DST’s 69 percent improvement in earnings. Read…
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 DST Systems Inc. posted a boost in sales and a 69 percent improvement in earnings on Thursday.
The Kansas City-based company (NYSE: DST) reported unloading more than $100 million in noncore assets in its announcement of financial results for the first quarter.
That partly contributed to a 37 percent bump in cash on hand to $120.8 million as of March 31, compared with Dec. 31.
But DST’s debt increased nearly 3 percent to $1.04 billion from Dec. 31 to March 31.
DST also reported $4 million in…
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 There’s more to DST Systems Inc. than its purge of noncore assets, said Pete Heckmann of Avondale Partners LLC.
Analyst after analyst, including Heckmann, congratulated DST CEO Steve Hooley last week when the Kansas City-based company reported its earnings results.
DST (NYSE: DST) deeply widened its profits for the year and fourth quarter after months of selling off real estate and investments that weren’t tied to data-processing functions.
But in an interview, Heckmann said the numbers were…
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 DST Systems Inc. has sold at least three pieces of its Kansas City real estate portfolio as part of an effort to unload noncore assets, CEO Steve Hooley said Thursday.
The Kansas City-based company (NYSE: DST) announced Thursday that it had taken in $485.4 million in pretax cash proceeds from the sale of various investments and real estate in 2012.
Real estate made up $13.6 million of the proceeds, $8 million of which came during the fourth quarter.
During a conference call with investors Thursday,…
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Analysts and investors are expecting a forthcoming DST Systems Inc. when it reports financial results on Thursday.
The Kansas City-based data-processing company (NYSE: DST), which has faced pressure to sell, is expected to give an update on an initiative to unload noncore assets during a Thursday morning conference call with shareholders.
The fourth-quarter and annual earnings report will mark the first since former CEO Tom McDonnell left the company.
McDonnell stepped down from the CEO seat in…
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A local analyst said he expects Kansas City-based DST Systems Inc. soon will issue a large one-time dividend to shareholders after selling its longtime stake in Euronet Worldwide Inc. for $41 million.
DST’s stock traded for $60 a share at the close of business Monday, when Leawood-based Euronet (Nasdaq: EEFT) divulged that it had reached an agreement with DST to buy back 1.88 million of its shares from West Side Management Inc., a subsidiary of DST (NYSE: DST).
That’s up 4 percent compared…
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 The Ewing Marion Kauffman Foundation has elected Tom McDonnell as CEO.
McDonnell, the foundation’s board chairman, is former CEO of DST Systems Inc. (NYSE: DST).
The election follows the January exodus of former CEO Carl Schramm.
McDonnell vacated his post as CEO of DST in September but remains a non-executive chairman through Dec. 31. He said his departure from DST was unrelated to the CEO position at the foundation.
The foundation also announced Tuesday that it had elected Jan Kreamer, a…
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DST Systems Inc. sold its holdings in Euronet Worldwide Inc. back to the company for $41 million, the Kansas City Business Journal reports.
Leawood-based Euronet (Nasdaq: EEFT) said it bought more than 1.88 million shares of its stock back from West Side Management Inc., a subsidiary of DST (NYSE: DST). The deal closed on Nov. 29, according to Securities and Exchange Commission documents filed Monday.
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 Stephen Hooley’s first earnings conference call as the top executive of DST Systems Inc. focused on his vision for the company.
And with that came the perhaps unavoidable comparisons to his predecessor.
In September, DST said Tom McDonnell would retire. He stepped down from the CEO role immediately, naming Hooley to fill his seat, and moved into a non-executive chairman role through December.
Hooley takes the helm at a time when Kansas City-based DST (NYSE: DST) faces public pressure to reduce…
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Thomas McDonnell will retire as CEO of DST Systems Inc. after 28 years leading the Kansas City-based company, the Kansas City Business Journal reports.
DST (NYSE: DST) announced Wednesday that McDonnell’s successor will be Stephen Hooley, who is president and COO. Hooley will become CEO and a director effective immediately; McDonnell will remain a non-executive chairman in the interim.
McDonnell has been at DST for more than 40 years.
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 DST Systems Inc. CEO Thomas McDonnell has stepped down from the top seat to make room for successor Stephen Hooley, the company announced Wednesday.
McDonnell, who plans to retire Dec. 31, will remain a non-executive chairman in the interim; Hooley’s status as CEO and director at DST takes effect immediately.
McDonnell has been CEO of Kansas City-based DST (NYSE: DST) since 1984. In December, the Kansas City Business Journal ranked McDonnell second on a list of highest-paid local executives.…
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 A public-private task force in Kansas City plans to use a downtown Wi-Fi network, low-cost data center and office space, plus other carrots to attract high-tech entrepreneurs.
Other incentives include a property tax break for technology-focused entrepreneurs and a startup mentorship program with Kansas City-based businesses such as DST Systems Inc. (NYSE: DST) and Hallmark Cards Inc.
On Monday afternoon, officials announced the formation of Launch KC, which involves Kansas City Mayor Sly James’…
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DST Systems Inc. has appointed COO and President Stephen Hooley to its board of directors, the Kansas City data processing company announced late Wednesday afternoon.
The appointment reflects “the board’s desire to maintain a strong relationship with DST management,” Robert Jackson, lead independent director of the DST (NYSE: DST) board, said in a written statement.
The choice comes after the board’s decision earlier this year to increase the number of independent members.
In February,…
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DST Systems Inc. is pulling out of developing an insurance product tied to its joint venture with State Street Corp., resulting in $1.9 million in employee termination costs.
However, Kansas City-based DST (NYSE: DST) didn’t release any details about layoffs in its second-quarter earnings report, released Wednesday. A DST spokesman couldn’t immediately be reached for comment.
The company reported higher revenue and earnings stemming from gains on the sale of an unnamed private company investment.…
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