Economy & Innovation

Beer
3:23 pm
Tue February 26, 2013

Budwater? Lawsuits Say AB-InBev Is Watering Down Its Brews

(via Flickr/TMQ.st.louis)

Updated 3:34 p.m.

Beer lovers across the country have filed $5 million class-action lawsuits accusing Anheuser-Busch of watering down its Budweiser, Michelob and other brands.

The suits were filed in Pennsylvania, California and other states on behalf of consumers allegedly cheated out of the beverage's stated alcohol content. Budweiser and Michelob each boast being 5 percent alcohol, while some "light" versions are said to be just over 4 percent.

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Business
1:18 pm
Tue February 26, 2013

Peabody: SEC Investigating Ill. Prairie State Power-Plant Project

(St. Louis Public Radio)

One of the nation's biggest coal producers says federal security regulators are investigating the company's role in development of a southwestern Illinois power plant.

St. Louis-based Peabody Energy Corp. says in its annual report that the Securities and Exchange Commission served the company with a subpoena last month requesting information and documents related to the Prairie State project.

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Business
5:06 pm
Fri February 22, 2013

St. Louis City, County, Team Up On Economic Development

St. Louis City Mayor Francis Slay
Credit Adam Allington / St. Louis Public Radio

After decades and decades of competing against each other for jobs, St. Louis City and County announced on Friday, a decision to partner up to attract new companies.

The proposal, called the St. Louis Economic Development Partnership, would merge two agencies—The St. Louis Development Corporation in the city, and the St. Louis County Economic Development Council, under one roof.

Mayor Francis Slay says the move will create a sense of regionalism that has been lacking in economic development.

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Business
5:00 am
Fri February 22, 2013

Bank-On Save-Up Aims To Give Underprivileged Access To Financial Services

Bank-On Save-Up aims to teach individuals the basics of saving money and opening accounts.
Credit Wikimedia Commons

Bank-On Save-Up is a new program aimed at giving individuals and families access to bank accounts. It is part of a nationwide initiative  aimed at helping underprivileged families build financial independence.

The project is being administered locally by a group called the St. Louis Unbanked Taskforce.

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St. Louis on the Air
3:23 pm
Thu February 21, 2013

Despite Delays, Taxes Still Due April 15: St. Louis Tax Expert Lance Weiss

(via Flickr/Tax Credits)

Last year, Congressional negotiations over the so-called fiscal cliff put year-end tax considerations in flux.

A deal was reached, and though the filing acceptance date was delayed a couple of weeks, the Internal Revenue Service is now accepting most 2012 tax returns.

The IRS did not, however, change the tax due date of April 15, 2013.

Host Don Marsh talked with St. Louis-based tax expert Lance Weiss, CPA, of SFW Partners, LLC.

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Biotechnology - Patents
1:51 pm
Tue February 19, 2013

Supreme Court Seems Ready To Side With Monsanto In Soybean Patent Case

Indiana farmer Vernon Hugh Bowman.
(Dan Charles/NPR)

Updated on Tuesday, February 19, at 6:10 p.m. to add quote from Bowman.

The U.S. Supreme Court heard oral arguments today in a legal battle between St. Louis-based Monsanto and a 75-year-old Indiana farmer.

The case revolves around whether Vernon Hugh Bowman violated Monsanto's patent rights when he bought seeds from a grain elevator and planted them.

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Economy
2:33 pm
Sat February 16, 2013

Best Ill. Job Prospects In Manufacturing, Medical

A survey released by Creighton University shows continued economic growth for the near future, though no real expectation for increased employment. (via Flickr/ Rob Lee)
Flickr/Rob Lee

Illinois' growing medical industry and its old-standby, manufacturing, may be the best places to look for a job this year.

But experts say some of the positions will require higher levels of education and training and many won't pay what they did a few years ago.

According to a survey from the staffing firm ManPower Group, 17 percent of Illinois employers plan to add staff during the first quarter. That's up 3 percent from a year earlier.

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Planet Money
2:09 am
Thu February 14, 2013

Mavericks, Hot Documents And Beer

Lawrence Jackson AP

Originally published on Fri February 15, 2013 2:05 am

The boards of American Airlines and US Airways just approved a merger of the two airlines. But the deal still has to win the approval of antitrust regulators at the Justice Department — regulators who last month sued to stop a merger between the beer giants Anheuser-Busch InBev and Grupo Modelo, which brews Corona.

The antitrust division has dozens of economists on staff. Their job, essentially, is to figure out whether a merger would reduce competition so much that a company could raise prices without losing business to competitors.

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Business
4:27 pm
Fri February 8, 2013

Ground Broken On Long-Awaited Ballpark Village

St. Louis Cardinals and other officials participate in the groundbreaking ceremony of Ballpark Village next to Busch Stadium in St. Louis on Feb. 8, 2013.
(UPI/Bill Greenblatt)

After years of delays, work on Ballpark Village in St. Louis is finally under way.

The St. Louis Cardinals broke ground on Friday on the $100 million first phase of the project that will be developed on the site of the old Busch Stadium, next to the new stadium.

Ballpark Village was part of the development agreement between the city and the Cardinals when planning for the new stadium began back in 1999.  As it stands the team says phase one will be accessible to fans as of Opening Day 2014.

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St. Louis on the Air
8:03 pm
Mon February 4, 2013

Restoring Household Financial Stability Post Recession

Federal Reserve Bank of St. Louis

Digging out of an economic crisis can be a lot more complicated than getting in to one and can take a lot more time, too.  While there are positive signs that we are climbing out of the recession, there is still considerable fallout, especially for young couples and recent college grads. 

Jobs are still hard to find for newcomers in the job market and college debt is overwhelming for many. The housing market decline, and resulting loss of wealth, was especially painful for young home owners. 

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