Robert W. Steyer | St. Louis Public Radio

Robert W. Steyer

Robert W. Steyer

This article first appeared in the St. Louis Beacon, Jan. 2, 2009 - When women visit Dr. Andrea Stephens for the first time to discuss menopause symptoms, there's a good chance they have gathered just enough conflicting data to make them nervous about hormone replacement therapy.

This article first appeared in the St. Louis Beacon, Dec.12, 2008 - On the job for barely two weeks, David Van Vliet faces the task of restoring KV Pharmaceutical's reputation on Wall Street and in Washington.

Named interim CEO on Dec. 5, Van Vliet is trying to mollify analysts, who have complained for years about insufficient corporate communication. And he's trying to satisfy regulators, who have periodically -- and emphatically -- chastised the practices of the Brentwood-based maker of generic drugs and brand-name medications.

This article first appeared in the St. Louis Beacon: November 19, 2008 - When St. Louis investors try to determine how Wall Street's woes have infected Main Street companies, they should keep flu shots in mind.

This article first appeared in the St. Louis Beacon: November 12, 2008 - It's coming down to the finish line. Anheuser-Busch said Wednesday that a majority of its shares were voted in favor of the company's purchase by Belgian brewer InBev, setting the stage for completion by year-end.

This article first appeared in the St. Louis Beacon: November 6, 2008 - Despite a shaky economy, executives of Belgian brewer InBev say they remain unshaken in their belief that the acquisition of Anheuser-Busch will proceed on schedule and be completed by year-end.

InBev CEO Carlos Brito told analysts Thursday his company is "well prepared and equipped for the challenging economic environment."

This article first appeared in the St. Louis Beacon: October 22, 2008 - Wachovia said Wednesday that it lost nearly $24 billion during the third quarter, producing results well below Wall Street's already lowered expectations.

This article first appeared in the St. Louis Beacon: October 13, 2008 - In a deteriorating economy, there's good news and bad news for investors in St. Louis bank stocks.

The bad news is that most of these stocks have declined for the 12 months that ended Oct. 10. The good news is that they have done better -- or, rather, less worse -- than the Standard & Poor's 500-stock index (down 42 percent) and the S&P Banking Index of larger banks (down 59 percent).

This article first appeared in the St. Louis Beacon: October 10, 2008 - Four weeks ago, analyst Jack Russo told clients to sell their shares of Anheuser-Busch, which were then trading at $66.05. He looked like a genius; the stock remains below Russo's cut-off point.

This article first appeared in the St. Louis Beacon: September 30, 2008 - A darkening economic climate is making the path to InBev's purchase of Anheuser-Busch a bit more interesting than the companies had hoped.

Financial turmoil in the United States, a bond-rating firm's downgrade and a multibillion dollar infusion for one of InBev's lenders have tossed unwelcome headliness in the way of a deal that the companies and analysts still say will completed by year-end.

This article first appeared in the St. Louis Beacon: September 29, 2008 - Monday's deal between Wachovia Corp. and Citigroup may provide temporary relief but could also cause uncertainty for Wachovia's St. Louis-based brokerage business.

The relief comes from Citigroup's willingness to buy the albatross of bad mortgages -- as well as the coveted retail banking business -- from Wachovia, essentially leaving the brokerage and asset management units as the "new" Wachovia.

This article first appeared in the St. Louis Beacon: September 26, 2008 - From famous CEOs like John Mack of Morgan Stanley to infamous CEOs like Kenneth Lay of Enron, short-sellers have been blamed for major flops in companies' stocks.

Critics of short selling -- the betting that stocks will fall -- have called these investors anything from anti-American to financial terrorists to vultures. The critics are often CEOs whose stocks are being battered, but many experts say responsible short-selling is not only a time-honored financial tactic but also a necessary one.

This article first appeared in the St. Louis Beacon: September 22, 2008 - What's the prospect, or wisdom, of a giant, lumbering bank holding company merging with a giant, staggering investment banking company?

When it comes to Wachovia Corp. and Morgan Stanley, the answer is "no one knows," because the economic landscape continues to shift dramatically and often.

This article first appeared in the St. Louis Beacon: September 16, 2008 - Bailouts for Fannie Mae, Freddie Mac and American International Group. Bankruptcy for Lehman Brothers. The buyout of Merrill Lynch. The busted IndyMac Bancorp.

Given the continuing assault on the financial services industry, could Wachovia Corp. be the next domino to fall?

This article first appeared in the St. Louis Beacon: August 22, 2008 - The deal hasn't been signed yet, but already beer industry experts are predicting that InBev's takeover of Anheuser-Busch will provoke more mergers and acquisitions in a rapidly consolidating industry.

"The targets are obvious," says Benj Steinman, editor of Beer Marketer's Insights, of Nyack, N.Y., which conducts research and publishes reports about the industry. "It's a question of whether they can do it."

This article first appeared in the St. Louis Beacon: August 20, 2008 - When Wachovia Corp. bought A.G. Edwards last year, many financial analysts said the deal reflected another major step in the extinction of regional brokerages.

A.G. Edwards' management and stockholders decided that independence was strategically insupportable, but other St. Louis brokerages still embrace their freedom.

This article first appeared in the St. Louis Beacon: August 15, 2008 - Wachovia Corp. has agreed to buy back from investors about $8.8 billion in controversial securities, settling allegations that its St. Louis-based brokerage unit misrepresented the ease with which consumers could get their money.

This article first appeared in the St. Louis Beacon: August 14, 2008 - When Dr. Elbert P. Trulock started practicing 25 years ago, a diagnosis of pulmonary arterial hypertension was basically a death sentence.

Physicians had little knowledge about the disease, which causes runaway high-blood pressure in arteries of the lungs, labored breathing, lung damage and reduced blood-pumping ability of the heart.

This article first appeared in the St. Louis Beacon: August 12, 2008 - Controversial securities marketed by Wachovia Corp.'s St. Louis-based brokerage unit could cost the banking giant $500 million in legal settlements.

The company has set aside $500 million, before taxes, in reserves to cover "active settlement negotiations" with state regulators and the Securities and Exchange Commission over its selling of auction-rate securities, Wachovia said in a document filed with the SEC Monday just as the markets were closing.

Clydesdale gets washed down at brewery
Tom Nagel | St. Louis Beacon archives

This article first appeared in the St. Louis Beacon: July 16, 2008- Seeking to provide a smooth transition, InBev will offer retention bonuses to approximately 360 “key employees” of Anheuser-Busch as the Belgian company acquires the St. Louis company.

The employees’ titles weren’t identified in a document filed by both companies Wednesday with the Securities and Exchange Commission. Retention bonuses for top executives are common in mergers and acquisitions.

This article first appeared in the St. Louis Beacon: This Bud's for who?

Shares of Anheuser-Busch jumped Friday after a Financial Times blog said the Belgian beverage behemoth, InBev, was considering making an offer worth $46 billion for the St. Louis beer baron.

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