business

(Marshall Griffin/St. Louis Public Radio)

The Missouri Supreme Court heard oral arguments today in a lawsuit that challenges the constitutionality of new restrictions on strip clubs, adult video stores, and other adult businesses.

(UPI/Tom Uhlenbrock)

The Missouri Department of Economic Development will use $50 million in bond money to help Joplin-area manufacturers recover from the May 22 tornado.

Gov. Jay Nixon was in Joplin Friday to announce $75 million in awards and modifications of existing programs aimed at helping business and industry in the Joplin area. Two-thirds of that funding comes from Private Activity Tax Exempt Bond capacity that has been set aside to aid the region.

(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.

(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.

(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.

(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.

(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.

(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.

(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."

(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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