Economy & Innovation

Peabody and Patriot Coal Protests
2:03 pm
Tue April 16, 2013

Union Miners Protest Peabody In St. Louis Again, This Time, With Crosses

1000 Crosses were planted by protesters on a hill in Kiener Plaza. The crosses signified the deaths of former miners, as well as the potential loss of healthcare for retired miners.
Sean Sandefur/ St. Louis Public Radio

Hundreds of retired and current union miners from across the country descended on St. Louis on Tuesday to protest Peabody Energy and the potential loss of their pension plans.

Most of the miners worked for either Peabody Energy or Arch Coal, but their benefits are threatened by the bankruptcy of Patriot Coal last year. Patriot was spun off from Peabody in 2007, along with the healthcare obligations of many Peabody and Arch Coal employees.

Read more
Business
11:16 am
Tue April 16, 2013

Urban Chestnut To Build St. Louis' Largest Craft Brewery

UCBC Co-Founder, Florian Kuplent
Credit Urban Chestnut Brewing Company

Urban Chestnut Brewing Company (UCBC) has announced plans to significantly expand its brewing operations in the City of St. Louis.

Read more
MetroLink Development
3:32 pm
Mon April 15, 2013

East-West Gateway Seeks Public Feedback On Economic Development At MetroLink Stations

binkle_28 Flickr

This evening the East-West Gateway Council of Governments will host the beginning of a series of community meetings to gather feedback on plans to spur development near MetroLink Stops.

Britt Palmberg is with the consulting group that put a study on the issue, which focused on five stations.

He says the hope is to develop a framework that local stakeholders can use to kick start economic development.

Read more
3:05 pm
Thu April 11, 2013

St. Louis Named Among Top 5 'Fastest-Growing Cities For Tech Jobs'

Lead in text: 
CNN Money has released a list of the top 5 cities it considers to be the main up-and-comers on the IT jobs scene. New York City still "leads the pack" in tech jobs, followed by the Washington, D.C.-Baltimore area - but the top 5 "growing" cities are St. Louis, Charlotte, Austin, Phoenix and Detroit. CNN Money says the tech job market in St. Louis has jumped 25 percent in the last year with a median salary of about $81,000.
"St. Louis is becoming a startup town," says Silver.
Business
5:44 pm
Tue April 9, 2013

Mo. Supreme Court Gives Paul McKee Green Light On Northside Project

Paul McKee.
(St. Louis Public Radio)

After over 3 years of litigation, developer Paul McKee’s controversial Northside Regeneration Project is being allowed to proceed.  On Tuesday the Missouri Supreme Court reversed a lower court decision blocking McKee’s use of so-called "Tax Increment Financing," (TIF) for the development.

Read more
Economy
1:42 pm
Tue April 9, 2013

St. Louis Area's Gender-Based Wage Gap Ranked 5th Worst

(via Flickr/Tax Credits)

Only four other metropolitan areas in the United States have bigger gender-based wage gaps than St. Louis. 

That's according to rankings out from the National Partnership for Women & Families.

Here's how wages between men and women in the "top 5" metropolitan areas in the rankings shake out:

1. Seattle: $0.27 wage gap

2. Pittsburgh: $0.27 wage gap 

Read more
AB InBev
5:24 pm
Fri April 5, 2013

AB-InBev, Federal Government Reach Agreement On Grupo Modelo Purchase

Anheuser-Busch InBev and the Department of Justice have reached a deal that will allow AB-InBev to buy the rest of Grupo Modelo, the maker of Corona.
(via Flickr/ Jirka Matousek)

Beer giant Anheuser Busch has reached a deal with the Justice Department that will allow the company to purchase Mexican brewer Grupo Modelo.

AB InBev announced last June its plans to purchase the half of Grupo Modelo it did not already own for $20 billion. The federal government filed suit in January, saying the deal would drive up beer prices.

Read more
Tyson Foods
12:00 pm
Fri April 5, 2013

Tyson Agrees To $4M Penalty To Resolve EPA Case

(via Flickr/cambodia4kidsorg)

Tyson Foods has agreed to pay close to $4 million in civil penalties to settle alleged violations of the federal Clean Air Act in four Midwestern states including Missouri.

According to a consent decree filed on Friday in U.S. District Court in St. Louis, the penalties are in response to eight accidental releases of anhydrous ammonia at Tyson facilities between 2006 and 2010.

Read more
Patriot Coal
11:48 am
Thu April 4, 2013

Patriot CEO Says Without Union Concessions, Company Will Liquidate

Miners from across the country marching down Market St. in downtown St. Louis on Jan. 29. They protested a Peabody Energy/Patriot Coal plan to cut pension and health care programs following Patriot's bankruptcy.
(Adam Allington/St. Louis Public Radio)

The president and CEO of Patriot Coal says without union concessions from current and retired miners, the company will be forced into liquidation.

Bennett Hatfield made the assertion in a commentary published Thursday in the Charleston Daily Mail. He wrote that the company's liquidation would result in the loss of thousands of jobs and have a devastating impact on workers, their families, retirees and their communities.

Monsanto
12:43 pm
Wed April 3, 2013

Monsanto Profit Rises 22 Percent In Second Quarter

A field of soybeans grown with Monsanto's genetically-modified Roundup Ready seeds.
(via Monsanto)

Monsanto says its net income increased 22 percent in the second quarter on strong sales of its biotech seeds.

The agricultural products company boosted its full-year earnings guidance, citing its strong performance in the first two quarters.

The St. Louis company says it earned $1.48 billion, or $2.74 per share in the three months ended Feb. 13. That compares to earnings of $1.21 billion, or $2.24 per share, a year ago.

Revenue climbed 15 percent to $5.47 billion.

Read more

Pages