Economy & Innovation

Anheuser-Busch / Goose Island
10:32 am
Mon March 28, 2011

Anheuser-Busch to buy Chicago's Goose Island Beer Co.

Some of the beer taps at the Goose Island Brewpub on N. Clybourn Ave. in Chicago. It was announced today that St. Louis' Anheuser-Busch will acquire Goose Island, a Chicago craft beer brewer.
(via Flickr/Bernt Rostad)

"Chicago's Craft Beer" is the tagline gracing the top of the website of Goose Island Beer Co., but, with an announcement today involving St. Louis fixture Anheuser-Busch, that tagline of origin may become a little muddled.

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Metal Container Corp.
4:07 pm
Wed March 23, 2011

Metal Container Corp. cited over amputations

According to Anheuser-Busch's website, Metal Container Corp."supplies more than 45 percent of Anheuser-Busch’s U.S. beer cans and 55 percent of its domestic lids."
(via Flickr/zappowbang)

The Occupational Safety and Health Administration is citing an Anheuser-Busch InBev can plant subsidiary in suburban St. Louis for several violations after two accidents in which employees suffered amputations.

OSHA said Wednesday that one worker at Metal Container Corp. in Arnold lost fingers in machinery. A second lost a foot in a forklift accident.

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Business
9:40 am
Tue March 22, 2011

Nixon: Mo. gets $27 million in incentives program

Mo. Gov. Jay Nixon.
(UPI/Bill Greenblatt)

Updated at 1:10 p.m.  March 22, 2011 with comment from Nixon.

Missouri is receiving $27 million in federal money to boost small business growth and job creation.

The State Small Business Credit Initiative supports state-level, small business lending programs and is part of the Small Business Jobs Act signed by President Obama last fall.

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AT&T & T-Mobile USA
11:13 am
Mon March 21, 2011

AT&T to buy T-Mobile USA for $39 billion

The AT&T building in downtown St. Louis.
(via Flickr/pasa47)

AT&T Inc. is about to become the largest cellphone company in the U.S. The company says it will buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion.

Right now AT&T is the second largest wireless carrier, behind only Verizon Wireless. AT&T expects its acquisition to take a year to close.

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St. Louis unemployment Data
12:29 pm
Fri March 18, 2011

New unemployment data released for St. Louis area

An arial photo of downtown St. Louis.
(via Flickr/Daniel Leininger)

Data released today by the U.S. Bureau of Labor Statistics brings both positive and negative information to light about unemployment in the St. Louis Mo. - Ill. Metropolitan Statistical Area.

Some areas of industry gained jobs, while others lost, and, though the unemployment rate for the area in January 2011 was slightly higher than the national average, total employment in the area has gone up slightly over the past year.

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Right-to-Work
4:56 pm
Mon March 14, 2011

Ridgeway, Finklestein on right-to-work debate

Missouri State Sen. Luann Ridgeway (R-Smithville).
(Missouri Senate Website)

Missouri lawmakers are expected to debate controversial right-to-work legislation this week.

One bill would prohibit closed-union shops, in which all employees must pay fees for union representation. The Senate sponsor is Republican Luann Ridgeway of Smithville.

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Illinois Online Sales Tax
2:06 pm
Fri March 11, 2011

Amazon, Overstock cut ties with Illinois affiliates

The front door of Amazon.com headquarters in Seattle.
(via Flickr/Robert Scoble)

Updated 2:12 p.m. March 11, 2011 to include Overstock.com information.

Amazon.com has made good on its threat to cut ties with Illinois affiliates because of a new law requiring the online store to collect sales taxes.

Amazon notified its Illinois partners Friday that it will stop doing business with them on April 15. It calls the tax law "unconstitutional and counterproductive.

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KV Pharmaceutical
4:28 pm
Thu March 10, 2011

Former KV Pharmaceutical CEO pleads guilty to misbranding drugs

(via Flickr/e-MagineArt.com)

The former chairman and CEO of St. Louis-based KV Pharmaceutical Co. has pleaded guilty to two federal charges of misbranding drugs.

The U.S. Attorney's office says that 69-year-old Marc S. Hermelin entered the pleas Thursday. He was sentenced to one month in prison and a $1 million fine and agreed to forfeit $900,000 to the federal government.

KV Pharmaceutical manufactured generic prescription drugs, including a pain relief and opiate drug called morphine sulfate.

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Illinois Online Sales Tax
3:13 pm
Thu March 10, 2011

Quinn signs law to collect online sales tax

Boxes from Amazon.com. An Illinois retailer that might sell products through online retailers, such as Amazon.com, now must charge sales tax for their online sales, according to a new law.
(via Flickr/public.resource.org)

Illinois consumers may find themselves paying sales taxes on some Internet purchases under a new state law.

The law says sales taxes must be charged when people buy from online retailers through an Illinois-based partner. For instance, an Illinois business might sell products through Amazon.com.

Online businesses generally don't charge state sales taxes. Illinois customers are supposed to pay it directly to the state, but they rarely do.

from St. Louis on the Air
5:33 pm
Tue March 8, 2011

Joe Edwards steps down but stays busy

A visualization of the Loop Trolley Project

Late last week, Joe Edwards announced that he’s stepping down as the Chairman of the Loop Special Business District after 30 years leading the board.  He stopped by St. Louis on the Air today to chat about his decision and what’s next for the six-block district along Delmar that’s been designated “One of the 10 Great Streets in America” by the American Planning Association.

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