The Tax Increment Financing Commission of a St. Louis County town is opposing $15 million in subsidies for a planned Walmart Super Center, but the project might still get the go-ahead.
The St. Louis Post-Dispatch reports the issue is generating strong feelings in Shrewsbury, where more than 200 people attended a commission meeting Wednesday night. Though the commission denied a recommendation for the subsidies, the Board of Aldermen will ultimately have final say, and many expect the board to override the commission.
Monsanto says its net income nearly tripled in the agricultural products company's first quarter as sales of its biotech corn seeds expanded in Latin American countries.
The company, which is based in St. Louis, is also raising its profit guidance for the year, and shares are up 4 percent in premarket trading. Monsanto said Tuesday that it earned $339 million, or 63 cents per share, in the three months ended November 30, from $126 million, or 23 cents per share, in last year's quarter.
Updated at 2:20 pm with comments from Gov. Jay Nixon.
Federal officials say they're confident that they'll be able to keep a crucial stretch of the drought-starved Mississippi River open to barge traffic and avoid a shipping shutdown that the industry fears is imminent.
Update 1:00 with comments from St. Louis Mayor Francis Slay.
A design, engineering, architecture and construction firm is moving its corporate headquarters from St. Louis to Chicago.
Chicago Mayor Rahm Emanuel's office says Clayco's decision to relocate its headquarters will create about 300 new jobs in Chicago in the next few years. Clayco already has 280 employees in the Chicago area. The company plans to keep its office in St. Louis and no layoffs are planned.
When St. Louis native Bill Knoedelseder pitched the idea for a TV series about a wealthy brewing, baseball-team-owning family, Hollywood was skeptical. How could a Midwestern mansion hold a candle next to, say, an oil family in Dallas?