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.
The barge industry again raised concerns Wednesday about the impact low water levels on the Mississippi River will have on shipping.
According to a new report from American Waterways Operators, low water could affect more than 8,000 jobs along the river. The group's spokeswoman, Ann McCulloch, says the situation isn't expected to improve any time soon.
"We're definitely worried about the immediate impact if commerce is severely impaired," said McCulloch. "We're at that stage already and at this point it can only get worse."
Earlier this month, Missouri and St. Louis-area leaders wrapped up a trade mission to China. The trip was designed, in part, to revive the so-called China Hub project.
Members of the Midwest-China Hub Commission and the American Society of Transportation and Logistics signed an agreement in Shanghai to pursue expanding trade between the U.S. and China, and in particular adding new airfreight routes between the Asian nation and St. Louis.
It’s said that one of the certainties in life is taxes. However, taxes for 2012 are to some degree, uncertain because of ongoing negotiations over the so-called fiscal cliff.
Host Don Marsh talked with tax expert Lance Weiss, C.P.A., of SFW Partners, LLC about end-of-year tax preparations and what can be done to minimize the amount owed on federal and state income tax returns due in April.