business

Peabody Energy
10:30 am
Tue April 19, 2011

Peabody Energy's 1Q earnings rise

(St. Louis Public Radio)

Peabody Energy Corp. says its profit rose in the first quarter due to higher prices for Australian coal used in steelmaking and increased demand in the U.S.

The world's biggest private-sector coal company says its net income attributable to common shareholders was $176.5 million, or 65 cents per share, in the January-March period. That's up from $133.7 million, or 50 cents, a year earlier.

St. Louis-based Peabody says first-quarter revenue rose 15 percent to $1.74 billion from $1.51 billion the previous year.

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On Marketplace Morning Report
10:43 am
Thu April 7, 2011

Job growth has been increasing faster for men than women

(via Flickr/Seabamirum)

The "Mancession" of 2009 is finally giving way to a "Mancovery." But the jobs picture for women is going in the opposite direction.

Check out this feature about gender asymmetry in the jobs "recovery" from our own Adam Allington. It aired on Marketplace Morning Report today.

Business
9:40 am
Tue March 22, 2011

Nixon: Mo. gets $27 million in incentives program

Mo. Gov. Jay Nixon.
(UPI/Bill Greenblatt)

Updated at 1:10 p.m.  March 22, 2011 with comment from Nixon.

Missouri is receiving $27 million in federal money to boost small business growth and job creation.

The State Small Business Credit Initiative supports state-level, small business lending programs and is part of the Small Business Jobs Act signed by President Obama last fall.

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Cherokee Street Flag Contest
1:03 pm
Mon March 21, 2011

Cherokee Street flag contest announced

A view of the Cherokee-Lemp Historic District, part of the St. Louis community seeking a new flag.
(via Flickr/pasa47)

The artistic community of St. Louis' Cherokee Street is looking for someone creative to put their own mark on the area. Via the Cherokee Street News, the Cherokee Station Business Association has announced a "Cherokee Street Flag Contest."

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AT&T & T-Mobile USA
11:13 am
Mon March 21, 2011

AT&T to buy T-Mobile USA for $39 billion

The AT&T building in downtown St. Louis.
(via Flickr/pasa47)

AT&T Inc. is about to become the largest cellphone company in the U.S. The company says it will buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion.

Right now AT&T is the second largest wireless carrier, behind only Verizon Wireless. AT&T expects its acquisition to take a year to close.

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Black-Owned Businesses
4:18 pm
Mon February 21, 2011

Big increase in number of Mo. black-owned businesses, data shows

(via Flickr/Rob Lee)

The number of black-owned businesses in Missouri increased sharply, by 47 percent, from 2002 to 2007, the St. Louis Business Journal reports.

Those numbers are according to data released this month from the U.S. Census Bureau’s 2007 Survey of Business Owners.

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Smurfit-Stone
9:29 am
Mon January 24, 2011

Smurfit-Stone to be acquired by RockTenn for $3.5 billion

The Smurfit-Stone building in downtown Chicago, a well-known fixture of the city's skyline. Smurfit-Stone, headquartered in Chicago and Creve Coeur, Mo. will be acquired by RockTenn of Norcross, Ga. (via Flickr/Chronochaser)

UPDATE: 3:30 p.m. Jan. 24, 2011

The St. Louis Business Journal reports that Smurfit-Stone will lose its dual headquarters of in Creve Coeur, Mo. and Chicago when it is acquired by RockTenn.

The new combined company will be based out of RockTenn’s headquarters in Norcross, Ga., the Business Journal reports.

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Ford
6:33 pm
Tue January 18, 2011

Ford to expand Claycomo plant near Kansas City, keep jobs there

Mo. Gov. Jay Nixon (R), on Jan. 18, 2010, discusses the agreement that states the Ford Motor Company will invest hundreds of millions of dollars over the next two years to produce a new line of vehicles at its Claycomo, Mo. plant. (UPI/Bill Greenblatt)

A report by Dan Verbeck, KCUR

Workers at the Ford plant in suburban Kansas City received good news today from the automaker and Missouri's governor.

The number of full-time jobs will hold steady and the plant will make a $400 million expansion with help from the state.

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Missouri & Asia
5:34 pm
Wed December 1, 2010

Nixon heads to Taiwan, South Korea on trade mission

Mo. Gov. Jay Nixon

A trade mission led by Mo. Gov. Jay Nixon heads to Taiwan and South Korea later this month.

The primary reason for the trip will be the signing of a letter of intent sealing Taiwan's purchase of $600 million of Missouri goods.

According to a press release from the Nixon's office, the deal will indicate a roughly 28 percent increase in Missouri exports to Taiwan, to about $88 million.

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