business

Joplin Tornado
12:00 pm
Fri May 27, 2011

132 now dead, 156 unaccounted for in Joplin, 4,000 jobs affected by tornado

Members of Missouri Rescue Task Force 1 walk the streets of Joplin, Missouri looking for survivors after a tornado destruction on May 23.
(UPI/Tom Uhlenbrock)

The state of Missouri says the number of people missing or unaccounted for since the Joplin tornado is now at 156.

Missouri Department of Public Safety deputy director Andrea Spillars said Friday that officials are working 24 hours a day to trim the list that stood at 232 a day earlier.

Here is a link to the updated list of those unaccounted for.

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Arch Coal
11:02 am
Mon May 16, 2011

Arch starts offer for International Coal shares

The raw product behind coal power, coal itself.
(via Flickr)

Arch Coal Inc. says it's started $14.60 a share tender offer for rival International Coal Group.

Arch says the offer that started Monday expires June 14.

The St. Louis-based coal industry giant agreed to buy ICG for $3.4 billion May 2.

The deal is designed to exploit growing demand for high-priced coal used to manufacture steel. Arch says the combined companies would be the nation's second largest supplier of metallurgical coal.

Illinois State Budget
12:24 pm
Wed April 27, 2011

Ill. budget woes mean long waits for tax refunds

The Illinois State Capitol building in Springfield, Ill.
(via Flickr/jglazer75)

Illinois businesses waiting for long-overdue tax refunds aren't getting any good news from the state capitol.

Illinois owes about $850 million to roughly 36,000 businesses that overpaid their income taxes. Some have been waiting since 2008 to get their money.

Gov. Pat Quinn proposed borrowing money to pay the refunds, but legislators have shown little interest in that idea.

Budget proposals being considered by Democratic lawmakers would do little to chip away at the backlog.

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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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