Economy & Innovation

Business
4:06 pm
Tue September 3, 2013

Laclede Gas Completes Purchase Of Mo. Gas Energy

(via Flickr/Fergus Randall)

Laclede Gas Co. says it has finalized a $975 million deal to buy Missouri Gas Energy.

Laclede announced Tuesday that the purchase has been completed. The deal combines Missouri's two largest natural gas companies under one entity that will serve more than 1.1 million customers across the state.

St. Louis-based Laclede had served about 630,000 customers in St. Louis and 10 eastern Missouri counties.  Missouri Gas Energy had served about 500,000 customers in about 30 western and central Missouri counties, including the Kansas City, St. Joseph and Joplin areas.

St. Louis on the Air
1:05 pm
Mon September 2, 2013

Encore: St. Louis Businesses Contributed To War Effort, Spurred Job Growth During World War II

Rebroadcast from June 13, 2012.

A conversation with Arthur Herman, author of Freedom's Forge: How American Business Produced Victory in World War II, about the contributions of American business during the second World War, with focus on St. Louis area businesses.  

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St. Louis on the Air
5:12 pm
Thu August 29, 2013

Twitter, Square Co-Founder Jack Dorsey Kicks Off 'Let's Talk' Series For Small Businesses

Jack Dorsey, co-founder of Square Inc.
(Courtesy Square Inc.)

One of the hurdles small businesses face is the potential loss of a sale if they don't have the infrastructure in place to accept credit card and debit card payments.

St. Louis native Jack Dorsey, CEO of Square Inc., a mobile payments device company, makes that hurdle easier to jump but he says the company has more to offer than concrete tools of the trade.

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Economy
11:47 am
Mon August 26, 2013

St. Louis Named Among 'Best Cities For Cheapskates'

(via Flickr/StockMonkeys.com)

Kiplinger's says St. Louis is a great city for cheapskates - and insists we take that as a compliment.

The Gateway City ranks at number 9 on the Kiplinger compilation, and it's the biggest city in their top 10 (full list is below).

They say St. Louis' housing costs, at 27 percent below the national average, are what cemented our place on the list.

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Economy
2:30 pm
Sat August 24, 2013

Sinai Village Plans To Begin Phase Two Of Housing Development In East St. Louis

Pastor Herman Watson, left, and former U.S. Congressman Jerry Costello at the dedication ceremony. Land has been secured to begin phase two of Sinai Village in East St. Louis, which will build 30 more homes in the Winstanley Neighborhood.
Credit Erin Williams

Public officials and religious leaders gathered in East St. Louis Saturday to celebrate the expansion of a major housing project aimed at providing low-income residents with an affordable place to live.

The Mount Sinai Development Corporation has secured land to add 30 homes to the original 30 that were completed two years ago in the Winstanley Industry Park Neighborhood.

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JetLinx
12:04 pm
Thu August 22, 2013

Charter Flight Provider JetLinx To Open A St. Louis Location

With local business and political leaders watching, Lambert Airport director Rhonda Hamm-Niebruegge speaks about the arrival of JetLinx to St. Louis.
(Rachel Lippmann/St. Louis Public Radio)

A Missouri Air National Guard facility that has been vacant since 2009 is getting a new life, thanks to a company that's hoping to capitalize on the growing demand for general aviation traffic at Lambert-St. Louis International Airport.

Charter flight provider JetLinx announced today that it will spend about $1 million to convert one of the buildings into a terminal for its clients. It will be the only general aviation company at Lambert with its own fleet of planes, which is expected to start operating in September.

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Business
4:10 pm
Wed August 21, 2013

Appeals Court: Peabody Liable For Heritage Retirees Benefits

Peabody Energy's headquarters in St. Louis.
(UPI)

Peabody Energy will have to pay health benefits for retirees of a former subsidiary after an appeals court reversed a federal bankruptcy judge’s decision.

The ruling Wednesday from the three-judge US Court of Appeals bankruptcy panel affects 3,100 retirees attached to Heritage Coal.

Peabody had earlier agreed to continue paying retiree health benefits when Heritage was spun off along with Patriot in 2007.

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Economy
4:37 pm
Tue August 20, 2013

Express Scripts Set To Expand Following Millions In Tax Breaks

Current Express Scripts headquarters in St. Louis.
(Rachel Lippmann/St. Louis Public Radio)

Missouri approved $6.8 million in tax incentives Tuesday for St. Louis-based Express Scripts to expand.

The pharmaceutical benefits company is set to add 1,500 jobs, and plans to spend the next year constructing a 220,000 square foot building in North St. Louis County.

“Incentives are an option that are on the table for businesses," Express Scripts spokesperson Brian Henry said. "And we evaluate those as we consider our expansion. So for us, incentives are a way for us to drive the business and continue to drive what we do for business and clients.”

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St. Louis on the Air
4:09 pm
Tue August 20, 2013

Report: St. Louis Economy Improving But Challenges Persist

Multi-axis machined defense part made by Homeyer Precision Manufacturing
(Courtesy: Homeyer Precision Manufacturing)

The Workforce Solutions Group at St. Louis Community College released its fifth annual State of the St. Louis Workforce Report earlier this month. The report is a compilation of data from 1,200 employers and surveys of more than 180 students.

The Executive Summary states:

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Business
2:35 pm
Tue August 20, 2013

Judge Approves Patriot Coal Settlement With Union

Retired coal miner Charles Whitlow of New Athens, Ill. shows the pills he takes each month. He is among 10,000 retired miners whose health benefits have been affected by Patriot Coal's bankruptcy.
Maria Altman St. Louis Public Radio

A federal bankruptcy judge approved a new labor agreement Tuesday between St. Louis-based Patriot Coal and the United Mine Workers of America.

Judge Kathy Surratt-States granted Patriot’s request for a new collective bargaining agreement.

About 1,800 UMWA members voted in favor of the agreement Friday, which would restore most of the wage cuts that Patriot had previously sought.

It also would put a VEBA, or Voluntary Employee Beneficiary Association, in place of the current health benefits that about 10,000 retired miners currently have.

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