Economy & Innovation

RCGA
4:19 pm
Thu January 20, 2011

Fleming to resign from RCGA

President and CEO of the St. Louis Regional Chamber & Growth Association Dick Fleming. Fleming has announced that he will step down. (St. Louis Public Radio)

The president and CEO of the St. Louis Regional Chamber & Growth Association will step down by the end of this year.

Dick Fleming made the announcement Thursday.

He will continue to lead the RCGA until the board chooses his successor.

Fleming says the St. Louis region works together much better than it did when he first joined the RCGA back in 1994.

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Ameren Missouri
3:27 pm
Thu January 20, 2011

Rates rising for Ameren Mo. natural gas customers

Natural gas customers of Ameren Missouri soon will see their rates go up, but not by much.

The monthly bill for a typical residential customer is projected to rise by about $3.30 under a plan approved by state regulators.

The increase will take effect Feb. 1.

The Missouri Public Service Commission said Thursday the rate agreement will generate about $5.6 million annually for Ameren Missouri. The company had requested an $11.9 million rate increase.

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Boeing
11:45 am
Thu January 20, 2011

Boeing cutting jobs in St. Louis, elsewhere

A C-17, the model of Boeing aircraft attributed to job cuts across the country, including in St. Louis. (via Flickr/stuka115)

Yesterday, we told you that a $19 billion deal with China landed Boeing an order for production of 200 airplanes. Well, today's news about the company is more about cuts than gains.

Boeing Co. says it's cutting 1,100 jobs from its U.S. plants, most of them in Southern California, as it scales back production of its C-17 cargo planes.

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China Connections
4:17 pm
Wed January 19, 2011

China Eastern Airlines to talk with Lambert Airport, furthers trade possibilities

A China Eastern Airlines airplane taking off in Seattle in 2007. The Midwest-China Hub Commission announced today that China Eastern has agreed to open up talks with Lambert-St. Louis International Airport. (via Flickr/boeingdreamscape)

St. Louis is one big step closer to securing a potentially lucrative trade partnership with China.

The Midwest-China Hub Commission announced today that China Eastern Airlines has agreed to open up talks with Lambert-St. Louis International Airport.

The step signals that the plan has moved out of the plausibility phase and into a logistical phase.

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China Connections
10:34 am
Wed January 19, 2011

Boeing, Peabody Energy to benefit from China deals

The Boeing Phantom Ray unmanned airborne system (UAS), just one of the models of aircraft Boeing produces, during an unveiling ceremony in St. Louis on May 10, 2010. Reports state China will announce deals today including one to buy 200 Boeing airplanes.
(UPI/Boeing Aircraft Handout)

A senior administration official says China will announce deals Wednesday to purchase $45 billion in U.S.

exports, including a $19 billion agreement to buy 200 Boeing airplanes, according to the Associated Press.

The official says the deal will create 235,000 jobs in the U.S.

It is important to note, however, that these planes will be commercial aircraft. Moreover, the St. Louis division of Boeing, which produces military aircraft, is unlikely to benefit directly from today's deal.

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Ford
6:33 pm
Tue January 18, 2011

Ford to expand Claycomo plant near Kansas City, keep jobs there

Mo. Gov. Jay Nixon (R), on Jan. 18, 2010, discusses the agreement that states the Ford Motor Company will invest hundreds of millions of dollars over the next two years to produce a new line of vehicles at its Claycomo, Mo. plant. (UPI/Bill Greenblatt)

A report by Dan Verbeck, KCUR

Workers at the Ford plant in suburban Kansas City received good news today from the automaker and Missouri's governor.

The number of full-time jobs will hold steady and the plant will make a $400 million expansion with help from the state.

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Boeing
3:59 pm
Tue January 18, 2011

Boeing delays 787 delivery until third quarter

The Boeing 787 Dreamliner on its "First Flight" in 2009. (via Flickr/Dave Sizer)

Looks like the Boeing 787 Dreamliner will stay, well, a dream for just a bit longer.

Boeing Co. is pushing back the delivery date for its new 787 until at least July.

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Arch Coal
6:19 pm
Fri January 14, 2011

EPA revokes permit for Arch Coal mine in W. Va.

This mine in Pike County, Ky. uses mountaintop removal, the same process used in an Arch Coal mine in W. Va. that's come under fire from the EPA. (via Flickr/iLoveMountains.org)
(via Flickr/iLoveMountains.org)

In addition to the story about mining you may have heard on NPR's All Things Considered this evening, a St. Louis-based coal company, Arch Coal, is in some trouble for one of their mines in West Virginia.

The U.S. Environmental Protection Agency is making good on a 9-month-old threat and revoking a permit for West Virginia's largest mountaintop removal mine.

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Stop Repair Bills Complaints
5:25 pm
Thu January 6, 2011

Stop Repair Bills gets over 200 complaints, garners "F" grade from BBB

An extended auto warranty marketing company in St. Peters, Mo. has been given an "F" grade by the Better Business Bureau. (via Flickr/alisdair)

The Better Business Bureau received more than 200 complaints nationwide about an auto warranty marketer based in suburban St. Louis.

Stop Repair Bills of St. Peters also is getting an "F" grade from the Better Business Bureau.

The company markets auto repair plans, but Bill Smith, a trade practice investigator with the BBB, says customers are missing the fine print.

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Business
10:49 am
Thu January 6, 2011

Monsanto posts gains in first quarter

St. Louis-based Monsanto Co. says higher sales of corn, soybean, vegetable and cotton seeds helped the company earn a profit in the first quarter of the fiscal year.

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