St. Louis-based Peabody Energy announced today that it will keep its headquarters in downtown St. Louis for at least another 15 years.
Peabody is a Fortune 500 company employing more than 600 people in St. Louis.
The company had been offered a package of $10 million in Federal New Market tax credits to fund upgrades to their downtown high-rise.
Federal officials say Arch Coal will pay $4 million in fines and change some mining practices to settle alleged Clean Water Act violations in Virginia, West Virginia and Kentucky.
The deal announced Tuesday is between St. Louis-based Arch, the Environmental Protection Agency and the Department of Justice.
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.
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.
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.
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.
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.
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.
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.
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.
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