Economy & Innovation

Wentzville Chrysler Dealership
1:01 pm
Mon February 28, 2011

Shuttered Wentzville, Mo. Chrysler dealership back in business

A previously-shuttered Wentzville, Mo. dealership began selling Dodge, Chrysler and Jeep products on Monday. (via Flickr/halidCan1 (:)

Updated 2:12 p.m. Feb. 28, 2011 with quotes from Mock (via AP).

Two years after Chrysler shut down its dealership in Wentzville, Mo., Century Motor Corp. is back in business.

Twenty-five people work there - about 20 fewer than when the dealership closed in May 2009.

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Anheuser-Busch InBev
10:17 am
Mon February 28, 2011

Anheuser-Busch InBev looks to expand in Europe

The St. Louis headquarters of Anheuser-Busch (now owned by InBev). The company says it's looking to expand its market base in Europe. (UPI/Bill Greenblatt)
(UPI/Bill Greenblatt)

Brewing giant, Anheuser-Busch InBev, is looking to grow its market base in Europe after reports project higher savings than expected.

The producer of hoppy classics like Budweiser and Stella Artois is looking forward to some $.75 billion in savings, says Chief Executive Carlos Brito.

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Housing permits
5:04 pm
Mon February 21, 2011

Building permits match record low in Jan. 2011

(via Flickr/ Giles Douglas)

More not-so-great economic news for the St. Louis region today.

The Home Builders Association of St. Louis and Eastern Missouri released its data on the number of permits issued by the six counties (St. Louis, St. Charles, Lincoln, Warren and Franklin) and the city of St. Louis. They show that builders were looking to start construction on just 120 new single-family homes in January 2011. That's down more than 40 percent from January 2010, and is the lowest monthly total since November of 2008.

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Black-Owned Businesses
4:18 pm
Mon February 21, 2011

Big increase in number of Mo. black-owned businesses, data shows

(via Flickr/Rob Lee)

The number of black-owned businesses in Missouri increased sharply, by 47 percent, from 2002 to 2007, the St. Louis Business Journal reports.

Those numbers are according to data released this month from the U.S. Census Bureau’s 2007 Survey of Business Owners.

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Boeing / EADS
10:26 am
Mon February 21, 2011

Boeing, EADS, press every angle in high-stakes contest for air tanker

Five F-16 Fighting Falcon aircraft and a KC-135 Stratotanker in silhouette during an aerial refueling operation over MacDill Air Force Base, Fla. in 1998. The KC-135 is the aircraft in question in an impending announcement by the Pentagon.

In a matter of weeks - if not days - the Pentagon will announce whether Chicago-based Boeing Co. or European Aeronautic Defence and Space Company will build 179 new tankers to replace the Air Force's Eisenhower-era KC-135 planes.

It's a $35 billion contract to build nearly 200 giant airborne refueling tankers. And the decade-long brawl by two defense industry titans to win it has been just as epic.

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American Airlines
2:11 pm
Fri February 18, 2011

American Airlines recalling 200 more former TWA flight attendants

An American Airlines jet in its final approach into Ezeiza International Airport in Buenos Aires. The airline made its second announcement of the month today regarding the recall of furloughed TWA flight attendants. (via Flickr / lrargerich)

American Airlines is recalling 200 flight attendants who were furloughed from now-defunct TWA in 2003.

American said Friday it also agreed to hire 30 new Mandarin-speaking flight attendants to staff flights to and from Shanghai.

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Inflation rates
3:01 pm
Thu February 17, 2011

Area CPI more than double the national level

Costs of goods and services in St. Louis rose 2.5 percent between the last six months of 2009 and the last six months of 2010 - more than double the national rate. (via Flickr / _J_D_R_)
_J_D_R_ Flickr

The costs of goods and services in the St. Louis region rose 2.5 percent between the last six months of 2009 and the last six months of 2010 - more than double the national rate over that same time.

Though the Bureau of Labor Statistics data show electricity prices going up 13.1 percent and motor fuel going up 10.1 percent, bureau economist Jacqueline Michael Midkiff says they weren't the real drivers of the increase.

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On Marketplace Morning Report
11:25 am
Tue February 15, 2011

Albert Pujols aiming for most expensive contract in baseball

Cardinals first baseman Albert Pujols in 2008. (via Flickr/SD Dirk)

If he doesn't re-sign with the St. Louis Cardinals, first baseman Albert Pujols could set off a bidding war to end all wars. Pujols reportedly wants to be baseball's first $300-million-man.

Check out Adam Allington's story for Marketplace Morning Report.

Missouri Exports
12:41 pm
Mon February 14, 2011

Missouri exports rise 36 percent, outpace national average by 15 percent in 2010

Canada, Mexico and China are the top customers for Missouri goods in an export market that jumped 36 percent in 2010, the St. Louis Business Journal reports.

The data reflecting the jump is from the World Trade Center St. Louis.

Tim Nowak, executive director at the World Trade Center, says the growth was driven primarily by industrial products and manufactured goods.

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Illinois Minimum Wage
12:23 pm
Fri February 11, 2011

Ill. senator proposes minimum wage of $10 an hour

An Illinois lawmaker is pushing to raise the state's minimum wage to more than $10 an hour - higher than anywhere else in the United States.

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