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.
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.
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.
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.
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.
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.