Economy & Innovation

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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Anheuser-Busch InBev
4:24 pm
Thu January 31, 2013

Antitrust Lawsuit Filed Against Anheuser-Busch InBev

(via Flickr/TMQ.st.louis)

The U.S. Department of Justice has filed an anti-trust lawsuit against Anheuser-Busch InBev.

The government alleges the company's plans to purchase  Mexican brewer, Grupo Modelo, would give AB-InBev monopoly power to set prices.

Bill Baer, DOJ's top anti-trust official said the removing Modelo as an aggressive competitor to Anheuser-Busch InBev would give the company too much leverage to drive up prices.

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St. Louis on the Air
10:06 am
Thu January 31, 2013

Exclusive: Rally St. Louis Announces Next Steps

Rally St. Louis
(Courtesy: Rally St. Louis)

Today on St. Louis on the Air at 11:00 a.m. Updated 11:28 a.m.

Rally St. Louis is a unique crowdsourcing and crowd-funding project designed as a grassroots movement to improve and better market the region.

In mid-November the Rally St. Louis platform launched, allowing people to submit their idea.  In December, the public voted for their favorite idea among the hundreds submitted.

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Business
4:22 pm
Wed January 30, 2013

Now That Beef With Japan Is Over, Missouri's Economy Stands To Gain

Veronique LaCapra/St. Louis Public Radio

Japan's decision to ease restrictions on U.S. beef imports will provide a boost to the American meat industry, but tight supplies may limit how much exports can grow this year.

Beef producers hope to restore Japanese sales to where they were before the first case of mad cow disease was found in the United States in 2003.

Democratic Senator Claire McCaskill commended Japan’s decision to ease restrictions on U.S. beef imports, saying it will be a boost for Missouri's economy.

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Business
6:09 pm
Tue January 29, 2013

Twinkies And PBR Together? A Deal May Be Near

(via Flickr/sekimura)

The announcement from Hostess that it would be shutting down three of its bakeries (St. Louis, Seattle and Cincinnati) and then, shutting down as a company entirely, evoked a "Twinkie panic."

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St. Louis on the Air / Coal Protest
11:37 am
Tue January 29, 2013

Miners Protest In St. Louis Over Effects Of Patriot Coal Bankruptcy

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

Hundreds of miners from across the country protested outside of St. Louis-based Peabody Energy on Tuesday.

The miners are accusing Peabody of orchestrating a bankruptcy in order to skip out on pension and healthcare benefits owed to some 10,000 retirees and their dependents.

At the heart of the dispute is Patriot Coal Corp., which was created by Peabody as a stand-alone company in 2007.  In creating Patriot, Peabody also transferred a hefty chunk of Peabody’s outstanding pension obligations onto Patriot’s books.

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